Ian Wright

Will Celsius start again withdrawals?


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The month of July brings good news for Bitcoin, since July 1, Celsius has paid hundreds of millions of debt intending to redeem those Bitcoin that they have as collateral (which would be great for Bitcoin). They paid Aave and Compound roughly $67 million, on top of the nearly $143 million they paid MakerDAO.

For some investors, this is good news because they see the possibility of Celsius restarting its activity closer and they can finally access their funds. Others see that their funds are being used to pay the debt (they are not wrong) and criticize the movement.

Efforts to pay off debt are evident, but there are still several unknowns ahead.

Will withdrawals restart?

Will Celsius be rescued like Binance was rescued?

The $2 billion hole spotted by FTX? 🤔

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This post was also published in read.cash by me, The Crazy Dude

 

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I am interested in this new era we are coming into. I will post all the things I´ll found. @The_passenger80 follow me on Twitter


Cryptoworld by The Crazy Dude
Cryptoworld by The Crazy Dude

Initial nonfinancial advice for people who start their journey in this field, conspiracy news, and personal thoughts. Do not forget to follow all my advice if you want to lose your family because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"

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