Celsius

Both of us had lost money in 2018. Here is the backstory… When the whole thing began to unravel around Celsius, there was a meme circulating the internet. The meme showed 3 types of polygons, and included a fourth (satire) polygon which is the Celsius logo called yourfundsaregon. In case you didn't get it; your-funds-are-gon(e).Of course, the pun was intended as I shared it with my close contacts. And then my friend revealed (after laughing too) that he had funds in Celsius. I was pissed. This is someone who got burnt…

Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to mount on the firm amid a crash in cryptocurrency prices. Stone has alleged, among other things, that Celsius CEO Alex Mashinsky (above) was "able to enrich himself considerably."Piaras Ó Mídheach | Sportsfile for Web Summit | Getty ImagesEmbattled lending platform Celsius has withdrawn its motion to bring back ex-CFO Rod Bolger at $92,000 a month, prorated over a period of at least six weeks, according to a court document filed…

As Europe grapples with a scorching summer and skyrocketing energy prices, Spain has become the latest government to tell its citizens to turn down the AC. A decree published on Tuesday morning in the official state gazette and scheduled to go into effect next week mandates that air conditioning in public places be set at or below 27 degrees Celsius (about 80 degrees Fahrenheit) and that doors of those buildings remain closed to save energy. Those public places include offices, shops, bars, theaters, airports, and…

Celsius is a sugar-free, caffeinated beverage that markets itself as a healthy alternative to other energy drinks. Photo: John Parra/Getty Images for CLD…

Celsius Energy DrinksCourtesy: Celsius HoldingsPepsiCo announced Monday a $550 million investment in energy drink maker Celsius Holdings as part of a long-term distribution deal with the smaller company.Shares of Celsius rose 8% in morning trading on the news, bringing its market value to $6.7 billion.Celsius is expecting to gain more shelf space in existing retailers and expand more into independent stores, like gas stations. Pepsi will start assisting with the distribution starting Monday.Pepsi's investment in Celsius…

Southeast Asia-focused cryptocurrency exchange Zipmex said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies. Singapore-based Zipmex resumed withdrawals last week, a day after suspending them on July 20, and said it was working to address its exposure of $53 million to crypto lenders Babel Finance and Celsius. Zipmex's solicitors submitted five applications on July 22 seeking moratoriums to prohibit legal proceedings against Zipmex for up to six…

The temperature on the Moon can vary from boiling to freezing depending on whether it's night or day, but scientists think there might well be sheltered pits and caves where the temperature is quite reasonable – no matter what time it is.  In such spots, the temperature hovers around 17 degrees Celsius (63 degrees Fahrenheit), according to new calculations. They could be the perfect locations for establishing base camps to explore the rest of the lunar surface.They might also offer some protection against small…

Pedestrians try to keep themselves cool in London on Tuesday.Photo: Frank Augstein (AP)It’s summertime in the Global North, which already comes with increased temperatures. But as heatwaves sweep across different parts of the globe, heightened temperatures are wreaking havoc across the world.“There are actually five locations around the Northern Hemisphere that are showing really hot weather, in the northern Pacific, parts of the U.S., Europe, mid-Asia, and Far East Asia,” said Stephen Belcher, Chief Scientist for the…

OpenSea co-founder and CEO Devin Finzer revealed this afternoon that the NFT marketplace is laying off about 20 percent of its employees. On Thursday, OpenSea, a nonfungible token (NFT) marketplace, announced employee cutbacks citing the current crypto winter as the reason. OpenSea co-founder and CEO Devin Finzer revealed this afternoon that the NFT marketplace is laying off about 20 percent of its employees. The move comes after similar lay-offs by other crypto asset companies were reported during the ongoing…

Cryptocurrency lender Celsius Network said bitcoin mining is key to the company's restructuring efforts at a US bankruptcy court hearing recently in Manhattan. New Jersey-based Celsius received approval from US Bankruptcy Judge Martin Glenn to spend $3.7 million in construction costs at a new bitcoin mining facility and $1.5 million on customs and duties on imported bitcoin mining rigs. Patrick Nash, a lawyer for Celsius, told Glenn that bitcoin mining could provide a way for the company, which halted other business…