Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Quote from: ivomm on Today at 09:23:39 AM

So, BTCitcoin fell to 20K as some were hoping for. But what was the reason for that. From what I've read in https://www.zerohedge.com/markets/great-celsius-implosion-what-went-wrong-and-how-much-more-will-bitcoin-drop it is another imploding "blockchain" company.

Link is showing 404 for me. For archives, too: web.archive.org gets 404.

Evidently, the data a quick web search found for my previous post on this were way off: Is this actually the same order of magnitude size meltdown as Terra?

Quote from: https://www.reuters.com/technology/crypto-firm-celsius-pauses-all-transfers-withdrawals-between-accounts-2022-06-13/

As of May 17, Celsius had $11.8 billion in assets, its website said, down by more than half from October, and had processed a total of $8.2 billion worth of loans.

Mashinsky, the CEO, was quoted in October last year saying Celsius had more than $25 billion in assets.