Crypto lending platform Celsius's withdrawal freeze has affected a bitcoin interest product offered by German fintech firm Nuri, according to a Monday
the product in May 2021, offering up to 3% interest on bitcoin holdings. Nuri partners with Celsius to offer the accounts to its users.mean that Nuri can't provide withdrawals, and the firm has also paused new investments in the product as well.
"For the Nuri Bitcoin Interest Account this means that interest is still accumulated and paid out when these measures are lifted. Until there are further updates, we have also decided to temporarily pause the investing functionality for our Bitcoin Interest Account," the firmNuri added that"[w]hile withdrawals and investments for the Bitcoin Interest Account are temporarily paused, all our other banking and investing features are still active and ready to be explored.
Like numerous other startups contending with a difficult business environment, Nuri recently moved to shrink its staff, off 20% of employees at the end of May. Crypto lender company BlockFi announced a roughly 20% headcount reduction on Monday, joining the ranks of other major crypto firms that have undertaken similar moves.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
German govt declines to confirm Scholz will go to Kyiv on ThursdayA German government spokesperson declined to confirm a media report on Monday that Chancellor Olaf Scholz would travel to Kyiv on Thursday with French President Emmanuel Macron and Italian Prime Minister Mario Draghi.
Weiterlesen »
Major Crypto Lender Celsius Suspends Withdrawals, Bitcoin Drops Below $25,000Major crypto lending platform Celsius on Monday announced that it was suspending all withdrawals due to “extreme market conditions,” triggering a major selloff in the cryptocurrency market with Bitcoin dropping dropping more than 9%.
Weiterlesen »
Celsius Crypto Platform Halts Withdrawals as Bitcoin Tanks 13%Bitcoin has plunged below $24,000, its lowest level since December 2020.
Weiterlesen »
Podcast: A Day of Misery Across the Crypto Markets | CoinMarketCapCelsius has halted withdrawals, Bitcoin is below $24,000, Do Kwon is facing new allegations, and Coinbase employees want top executives fired. Yikes.
Weiterlesen »
Nexo Wants to Buy Qualifying Assets of Celsius Network After Withdrawal FreezeNexo extends a letter of intent to buy part or all of Celsius Network's qualifying assets following the withdrawal freeze.
Weiterlesen »
Big Crypto Lender Celsius Freezes All Account WithdrawalsOne of the largest crypto lenders, Celsius Network, told users it is pausing all withdrawals, swaps, and transfers between accounts due to “extreme market conditions.”
Weiterlesen »