A recent study shows that 63% of Americans have been living paycheck to paycheck since Covid hit, with no type of emergency savings. The pandemic has served as a financial wake-up call, as people have begun to realize they need a financial safety net for when things go drastically wrong.
Cryptocurrency exchange Coinbase went public this week with a valuation of nearly $100 billion — a huge coming-out party for digital assets that catapulted CEO Brian Armstrong into the class of global mega-billionaires. I’ve likened this watershed moment to the Netscape IPO in 1995, which opened the floodgates of the…
Our security team continues to conduct a full internal investigation. So far we know that an unauthorized party managed to gain access to a third-party email distribution system to send a phishing communication through email and SMS to some Celsius customers and others. The phishing scam’s goal was to get…
So far, 2021 has been a year of achieving milestones for Celsius. Last month, Celsius announced that we had paid over $250 million in crypto yield to the community. A couple of weeks ago, Alpha Sigma Capital reconfirmed that Celsius is now valued at $3.1B. …
Note: This article first appeared on NASDAQ on February 23. Since then, there’s been an interesting development, as Citibank said that Bitcoin is at a “tipping point” and could become the preferred currency for international trade.
Just last week, Bitcoin (BTC) reached a new record high, surpassing the $50,000 mark…
If you’re constantly following the crypto news cycle like myself, you’re seeing more and more blue-chippers getting into the bitcoin boom. Just two weeks ago, Tesla bought $1.5B worth of bitcoin. Microstrategy and Square soon followed suit. Coinbase filed its public listing. Mark your calendars, folks. …
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 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. …
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 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…
