Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6941987642607620096
The Wall Street Journal: Big Crypto Lender Celsius Freezes All Account Withdrawals: https://lnkd.in/gAdArBxe :
Wake Up Neo, The Matrix Has You…Come with me and I’ll show you how deep the rabbit hole goes: https://lnkd.in/gtRDP7qG:
From the Memory Lane:
#Matrix: 1-yr ago: https://lnkd.in/gT7at2P :
#Matrix: 20-yrs ago: https://lnkd.in/gd4ESUha :
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#BluePill #RedPill #RabbitHole #QuantumRealities #QuantumMinds:
The firm manages more than $11 #billion in customer #assets: https://lnkd.in/gAdArBxe:
One of the largest #crypto #lenders, #CelsiusNetwork, told users Sunday night that it is pausing all #withdrawals, #swaps, and #transfers between #accounts due to “extreme #market #conditions.”
“We are taking this necessary action for the benefit of our entire community in order to stabilize #liquidity and #operations while we take steps to preserve and protect #assets.”
#Celsius #lends out #customer #deposits to other users to earn a #return. The firm managed $11.8 billion in assets as of May 17… It offers users annual percentage #yields of up to 18.63% on #cryptocurrency #deposits. The company said it has 1.7 million users. Celsius raised $750 million in funding late last year from #investors…
In April, Celsius came under #regulatory pressure and stopped offering interest-bearing #accounts to nonaccredited investors in the U.S. Some market observers claimed Celsius also played a role in the #collapse of #Luna and #terraUSD #cryptocurrencies last month…
Celsius’ announcement came at the tail end of a brutal weekend for #cryptocurrencies. In the last 24 hours, #bitcoin fell 6.3% to $25,756 as of 12:10 a.m. on Monday, while #ethereum lost 6.4% to $1,373, according to #CoinDesk data. The global #crypto #market #cap decreased 6.7% in the past day to $1.03 #trillion, according to CoinMarketCap data…
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