Is this the way to save Celsius?
June 21, 2022
Behind closed doors, lending platform Celsius is trying to manage their dire situation. Both people from traditional finance and crypto have joined to look for a solution. Meanwhile, their coin CEL keeps pumping: the short squeeze continues.
Is the bottom near?
June 20, 2022
After a week of extreme chaos and pain in the crypto markets, the dust seems to be settling a little bit. But a look at your portfolio is still by no means a nice feeling. What led to this carnage? And is the bottom in? For answers, we look at some historical parallels.
A Euro stablecoin - Circle is launching EUROC in June
June 17, 2022
Stablecoins have suffered a lot since TerraUSD crashed. But that is not necessarily justified since not all stablecoin solutions that are available on the market are based on algorithms. In fact, the most dominant stables available are backed either by cash or by dollar-denominated assets. It was yesterday when Circle announced the start of a brand new stablecoin that may play an important role, especially in Europe. What is EUROC and why is this stablecoin so interesting if you are living in the EU?
Financial service providers: careful with EU central bank digital currency
June 17, 2022
The European Union must carefully consider the consequences of issuing a digital euro, even before it thinks about how this money will be issued. This statement comes from a lobby group of major financial service providers in the EU: the IFF.
The battle for Celsius and CEL
June 16, 2022
Loan platform Celsius is in dire straits. Three days ago, users were told they can no longer withdraw their coins. Celsius says it needs time to get things in order behind the scenes. The platform's own token, CEL, also took a a nosedive. But now the community is fighting back: it wants to give the shorters a taste of their own medicine. It's trivial, though, compared to the battle for billions that is going on behind the scenes.
The market risk of the staked Eth token
June 15, 2022
In today's panicky market conditions, everyone is keeping a close eye on the price of stablecoins. Is USDT (Tether) still close to exactly one dollar? How is USDD doing? In this list of currency pairs there is one which has recently attracted extra attention: staked Eth. Although it is not a stablecoin, a deviation from the price of Ether is a problem in the current market, where large crypto funds like 3AC and Celsius are in big trouble.
Problems for crypto lending platform Celsius
June 13, 2022
It has been rumored for a while, and now the problems of lending platform Celsius have become manifest. On the morning of June 13, it announced that users can no longer withdraw their crypto. After UST's crash in May, it's another shock to the crypto market.