Celsius opts for Fireblocks' hot wallet solution to streamline its $400M lending assets

As competition in the market for crypto storage heats up, cryptocurrency lending firm Celsius is moving some of its activities to a new provider. Announced Tuesday, Celsius said Fidelity-backed Fireblocks would help it secure over $400 million assets across 49,000 active retail and institutional wallets. Fireblocks’ hot wallet solutions will enable Celsius to securely lend […]
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Nov 19, 2019, 12:59PM UTC

Crypto lending sector hits nearly $5B in value, but lenders earn less than 2% interest - Report

The cryptocurrency lending sector is booming, currently valued at over $4.7 billion, but lenders have earned back only $86 million (or 1.83 percent) in interest, according to a new report. Published Thursday by crypto credit assessment startup Graychain, the 26-page report shows that nearly 100% of crypto lending today is collateralized, meaning borrowers pledge an […]
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Aug 15, 2019, 4:08PM UTC

Celsius reintroduces ICO token to US after brief suspension, as new leadership gives the green light

Celsius, a global crypto lending startup, is reinstating its native token to its U.S. members after a month and a half-long suspension. The company’s newly appointed Chief Compliance Officer, Jeremie Beaudry, took the original decision to suspend the token, dubbed CEL, over concerns it qualified as a security. But Beaudry told The Block he has […]
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Aug 7, 2019, 9:31PM UTC