Category: celsius network

Celsius recovery plan proposed amid community-led short-squeeze attempt

Celsius recovery plan proposed amid community-led short-squeeze attempt

Celsius’ lead investor BnkToTheFuture and its co-founder Simon Dixon have offered to assist the network by deploying similar “financial innovation” used in 2016 to save cryptocurrency exchange Bitfinex from liquidation. Although the statement from Dixon on Saturday did not include specific details of the recovery plan offered to the Celsius’ board and CEO Alex Mashinsky, […]

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Finance Redefined: Celsius raises $400M, and Rari’s 7.5K% yields, Oct. 11—15

Finance Redefined: Celsius raises $400M, and Rari’s 7.5K% yields, Oct. 11—15

Welcome to the latest edition of Cointelegraph’s decentralized finance (DeFi) newsletter. In a week where Rari Capital achieved the $1billion TVL milestone, read on to discover why OlympusDAO is yielding four-figure sums on its most popular protocol. What you’re about to read is a shorter, more succinct version of the newsletter. For a comprehensive summary […]

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