The third week of the year will very likely prove to be its most significant for cryptocurrency innovators and investors. Crypto scored a hat trick with news that President Joe Biden’s three top financial regulators—the chairmen of the Securities and Exchange Commission and the Commodity Futures Trading Commission, and the bank-overseeing Comptroller of the Currency—will all be intimately familiar with the cryptocurrency and blockchain business.
Crypto lender Celsius Network reaches $5.3B in assets, up 10x in 12 months
Alex Mashinsky’s DeFi firm saw massive growth amid the recent bull market, calling crypto’s maturation a further growth driver
“The crypto industry as a whole grew substantially in 2020,” said Celsius Network's CEO Alex Mashinsky. “As we see record numbers of institutions and retail users entering the space, they are looking for a store of value and yield to protect their assets from the debasement of the U.S. dollar."
Celsius Network doubles its holdings in six months, reaching $2.2B
The crypto lending and interest-earning firm believes that its growth proves that “interest income is the new killer app for crypto.”
Celsius’ asset under management just surpassed $2.2 billion—after the firm reportedly became the first crypto platform to surpass $1 billion in total assets under management earlier this year
Crypto pundits are unfazed by market volatility
A look at the halving, the whale, and the Bitcoin faithful
Martine Paris talked with crypto pundits, Jimmy Song, venture partner at Blockchain Capital and author of Programming Blockchain; Alex Frenkel, GM of Kin Ecosystem; Michael Terpin, CEO of Transform Group and co-founder of BitAngels; and Alex Mashinsky, founder and CEO of Celsius Network. What follows are their views on the likely causes of the wild parabolic swings.