Tag: Celsius
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German Crypto Bank Nuri Filed For Insolvency!
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Crypto Winter and the Celsius virus officially arrived in Germany. Berlin-based digital bank Nuri (website) filed for insolvency only two months after announcing layoffs. The crypto fintech struggled with the rout in crypto prices and economic uncertainty. Nuri (previously Bitwala) was not able to find fresh funds. In a statement, the…
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The High-Risk Bet Of Crypto Lender Celsius Network!
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The crypto lending giant Celsius Network LLC is one of the highest-profile victims of the dawning Crypto Winter. On 12 June 2022, the company froze all withdrawals. Last week, rival lender BlockFi said it had struck a deal for a $250 million line of credit from a crypto exchange amid…