Cryptocurrency
Celsius Crypto Network halts all transactions – consider your assets frozen
By Dr Wealth  •  June 16, 2022
It’s no surprise that the cryptocurrency market is facing some bearish headwinds at the moment with bitcoin breaking the $30,000 support level just last week. I’d like to think that most investors who dabble in cryptocurrencies are aware of the risks involved such as massive price volatility etc. but I daresay that most just aren’t quite ready to deal with being “rug-pulled” by the exchange themselves. This is exactly what happened just yesterday with the crypto exchange, Celsius. On the 13th of June 2022, they announced that, “Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts.” A Memo to the Celsius Community – Celsius Though some facts may be certain, by and large, I will be exploring what I think are some widespread repercussions that such an act would have on the crypto community as a whole....
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns ...
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