Crypto lender Celsius stops withdrawals, fueling market slump

Posted on by superadmin | 591 Views | 4 min read
Doubts about the sky-high yields backing products such as those Celsius Network offers have intensified after the collapse of the Terra ecosystem in May. | REUTERS

Celsius Network paused withdrawals, swaps and transfers after weeks of speculation over the sustainability of the outsized returns being offered by the “decentralized finance” lending platform, fueling a broad cryptocurrency selloff. Crypto markets tumbled after the Celsius announcement, with bitcoin dropping as much as 14% to the lowest level since December 2020 and other major

Why bitcoin sees most of its gains while U.S. traders are asleep

Posted on by superadmin | 514 Views | 5 min read
A bitcoin logo inside a cryptocurrency kiosk in Madrid on March 17 | BLOOMBERG

When Wall Street goes to sleep, bitcoin is usually just getting going. It often parties all night long, and in the process, notches more robust gains than while U.S. markets are open. A hypothetical strategy that buys the coin at the equity-market close — at 4 p.m. in New York — and sells it at

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