BEAMSTART Logo

Celsius pays down 143M in DAI loans since July 1

Coin Telegraph LogoCoin Telegraph1 mo ago

Celsius pays down 143M in DAI loans since July 1

Quick Summary AI Powered

The crypto lender’s liquidation price on its Bitcoin loan has dropped to less than $5,000, according to DeFi industry data.

Reports that United States mega-bank Goldman Sachs was looking to acquire Celsius’ assets soon surfaced.

The firm paused withdrawals in mid-June due to extreme market conditions and later brought on new legal counsel to advise on restructuring.


More Pictures


or

Article Details

Author / Journalist: Cointelegraph By Sam Bourgi

Category: Crypto

Topics: Bitcoin Price Loans Goldman Sachs Maker

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-04, 21:50:40

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Reading Time: 2 minutes read

Article Length: 286 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 29758

View Article Analysis

About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 23 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.