It’s incredibly unusual to see a company take this kind of risk with corporate cash.
This week, we “crossed the chasm” from early adopters to mass adoption, which is huge news for Bitcoin as Tesla CEO Elon Musk, currently estimated to be the world’s wealthiest person, disclosed that his company bought $1.5 Billion in Bitcoin. It’s a big bet that seems to have paid off in the short term, as the company’s holdings grew by 35% immediately after the news. Tesla made more money from this one trade than from its entire 17-year history as a car maker.
It’s also a massive vote of confidence in bitcoin. …
When we created Celsius, we saw that the crypto space needed a movement that was community-oriented.
In the Summer of 2017, Celsius was just an idea dreamt up and written down on a coffee shop napkin by myself and co-founder Daniel. At the time, our ideas might have sounded unrealistic or even radical. Even today, a crypto company driven towards fighting banks, empowering the common man, and helping them achieve financial freedom sounds crazy, right?
Since then, Celsius has now crossed $5.3B in assets, a 10X year-over-year growth, and acquired over 340,000 active users worldwide. I try to remind myself every day that we are still earning the trust of new users who are entrusting their…
Most of the money in the world still lives in centralized bank like systems, we need to build bridges between CeFi and DeFi if we are to bring so many new people to Crypto.
Not even a month into the new year, and we’re already back on the Bitcoin rollercoaster! After hitting an all-time high on New Year’s Day, the rising Q4 Bitcoin tide has started to ebb, and skeptics are again predicting that the sky is falling. And I don’t blame them! With this new year comes a new presidential administration and new uncertainties on policy outlook. It’s only natural for investors to assess where cryptocurrencies stand after such a confusing and uncertain 2020.
I, for one, am not panicking. We’ve told our users for weeks now that we expect to see a…
It’s simply not realistic for the price of BTC to continuously increase at such a rapid rate.
This past Monday, we experienced another plunge in the price of Bitcoin, dropping down to a little over $30k. At Celsius, we don’t trade Bitcoin or take market positions, but we’re always ready for any kind of market movement and volatility as we manage risk for the loans we issue, so we provide notices and share information we have to warn and protect our community. Take a look at what we did in the past few weeks:
1. We warned the community a correction is coming (multiple times) and suggested they lower their exposure and pay down debt.
2. We…
The future is bright for bitcoin, and it’s become too big to be ignored by the financial public.
Happy New Year, and congratulations! After an up-and-down 2020, we finally hit the milestone I predicted back in February 2020 — Bitcoin hit $30K on January 1st, one day late. The future is bright for bitcoin, and it’s become too big to be ignored by the financial public. Suddenly, we’re talking about the mainstream adoption of BTC by larger entities, and at even higher price points! Not to mention that it’s an exciting time for DeFi and stablecoins as well.
It is definitely going to be the year of the Bull (Chinese horoscope).
Note: This article originally appeared on Blockleaders.io
Alex Mashinsky talks to BlockLeaders about a fascinating life journey that saw him emigrate from Ukraine to Israel with his family, before finally settling in the United States. Alex soon became a well-known and respected figure in New York after bringing free wireless to millions of New Yorkers using the city’s subway system, to the chagrin of the big telecommunications players. Alex is now CEO and founder of Celsius Network, a blockchain project that promotes the idea of ‘unbanking yourself.’
Fighting the monopolies which dominate our lives is not a new game for…
If I were Marty McFly from Back to the Future, I would travel back and warn everyone against borrowing money from their future selves.
Note: This article originally appeared on Marketwatch. We’re re-publishing this article here for people looking ahead to their financial planning options for the year ahead.
If I were Marty McFly from Back to the Future, I would travel back and warn everyone against borrowing money from their future selves. Does that sound crazy? Well, financial companies, the Federal Reserve, Banks, and Brokers all claim that they act in your best interests, yet your retirement statements prove otherwise. …
It is important to balance the need to protect the community while still allowing for innovation and creativity to thrive.
Wall Street is still struggling to make heads or tails of economic policy during this whirlwind presidential transition, but news of a proposed “Stablecoin Classification and Regulation” bill, introduced last week by US Representative Rashida Tlaib, has put the digital assets industry on edge. Tlaib, a progressive first-term lawmaker, and member of the so-called “squad” of left-leaning congresswomen, cosponsored the bill requiring stablecoins to be issued by banks, which means that issuers would be subject to many of the same government regulations to which banks currently subscribe.
A statement issued by Congresswoman Tlaib’s office clarifies that the bill is intended…
Celsius CEO Alex Mashinsky joins Bloomberg’s “What’d I Miss?” to announce $3.3B Chainalysis audit and comment on Q4 Bitcoin surge
This week I had the pleasure of joining Bloomberg TV’s “What’d I Miss?” to break some big news: the completion of an audit confirming over $3.3 Billion in assets held by Celsius. Our partner Chainalysis provided the first third-party verification of Celsius’ assets, based on transactions, total transfers and total withdrawals since launch of the service in June 2018.
Obviously, it’s an exciting day for us here at Celsius, and I was happy to give Bloomberg’s viewership the inside scoop on Celsius, talk about the Bitcoin bull run, and look at some of the factors that indicate that this…
Yellen’s history with the Fed does give me some concern over her ability to manage the current economic crisis and the growing mountain of debt we all carry (and don’t seem to worry about).
Last week, President-Elect Joe Biden officially announced his plan to nominate former Federal Reserve Chair Janet Yellen as Secretary of the Treasury. This announcement comes at a time when Americans are more financially frustrated and anxious than ever. Ms. Yellen will oversee a Treasury department tasked with reinvigorating the economy in the wake of a worldwide recession that is just in its first inning. Global debt is starting to spiral out of control.
Yellen is held in high esteem in Washington, and her track record as an economist and civil servant is unimpeachable. But despite her obvious bona fides, Yellen’s…
Alex Mashinsky
Founder of @CelsiusNetwork | Transit Wireless| Arbinet | Tech Innovator with over 50 patents and awards
