celcius

The period between the months of May and June 2022 was very dramatic for players in the crypto markets. This is because the markets crashed around the same time financial markets worldwide were witnessing serious downturns. In total, the crypto markets shed about $1 trillion in value. Some major cryptocurrencies like Bitcoin lost up to 60% of their market cap. However, the gloomy days are gradually fading away and the markets are slowly but surely picking back up. The bulls in bear territory For instance, Bitcoin grew…

Steam DeckPhoto: Phillip Tracy/GizmodoLike millions of people around the world, Valve’s Steam Deck console is struggling to beat the heat. As temperatures reach record-breaking highs across Europe, the company warned customers that its handheld console will throttle, or slow down, when it gets too hot.Valve’s official Steam Deck Twitter account reminded Steam Deck owners that the device operates optimally at temperatures between 0 and 35 degrees Celsius, or from 32 to 95 degrees Fahrenheit. When the built-in cooling…

Photo: T. Schneider (Shutterstock)The after shakes of the recent crypto earthquake have brought down the roofs of several crypto lenders and exchanges, and some of those who once happily played in the crypto sandbox with the big players are now racing to sue before all the money is shaken out of their pockets.KeyFi Inc., which once operated as an asset manager for the crypto exchange Celsius, turned around and sued their former partner in New York State supreme court Thursday, arguing that the broker had been operating a…

Cryptocurrency lending platform Celsius has laid off 150 employees, which is a quarter of its workforce, as the global crypto market goes through its worst meltdown.The platform last month paused all withdrawals citing "extreme market conditions".According to Israeli media outlet Calcalist, it has now sacked around 150 of its employees."We are focused and working as quickly as we can to stabilise liquidity and operations, in order to be positioned to share more information with the community," Celsius wrote in a…

Retail crypto lending platform Celsius Network said on Thursday it was exploring options including deals and restructuring its liabilities. Celsius earlier this month froze https://bit.ly/3bHo3Cf withdrawals and transfers, citing "extreme" market conditions, leaving its 1.7 million customers unable to redeem their assets. The Hoboken, New Jersey, company hired restructuring consultants from advisory firm Alvarez & Marsal to advise on a possible bankruptcy filing, the Wall Street Journal reported last week, citing…