Giant banking institutions may acquire crypto lending platform Celsius.
Goldman Sachs is an American multinational investment bank and financial services company. The headquarter of this company is situated in New York City. In the past, Goldman Sachs showed a lack of interest in the crypto Industry but from 2021 to this date company showed a significant inclination toward the crypto industry & related product services.
On 24 June, the Leading crypto news website Coindesk reported that Goldman Sachs is raising funds from Investors to bring Celsius back in working condition.
According to the report, Bank aimed to raise $2 billion from Investors, and in return investors will get Celsius’ assets at potentially big discounts in the event of a bankruptcy filing.
According to a few other reports, there are chances that Goldman is looking to participate in the race to buy Celsius under the condition of bankruptcy and the raised funds will create significant confidence for this bank to remain at the top to buy Celsius at a cheap price under this critical situation of Celsius.
However these reports were covered by leading news sources, where no one details or statement taken from the official source, but still, information from the anonymous persons, who are closed to this matter, is proving that such reports may be true by 99% accuracy.
Earlier this, on the same day, Wall Street Journal reported that Celsius has hired restructuring advisory firm Alvarez & Marsal, and possibly it may file for its bankruptcy.
Celsius under trouble
According to available data, Celsius is managing around $12 billion in assets under management to this date and it lent out around $8 billion to the clients.
On 13 June, Celsius announced freeze of services like trade and crypto withdrawal to maintain the operations perfectly in near future.
Indeed, the crypto market saw a significant downfall in prices where Bitcoin plunged below the $20k strong buy wall, and in that situation, it was not easy for the platform to provide exact valued withdrawal to all the users.
Read also: Binance Exec says industry shouldn’t perpetuate “bad” companies
Goldman Sachs raising funds to buy Celsius: Report
https://bitcoinik.com/goldman-sachs-raising-funds-to-buy-celsius-report/feed/
https://bitcoinik.com/goldman-sachs-raising-funds-to-buy-celsius-report/feed/
Buy bitcoin and other cryptocurrencies on crypto exchanges: Binance Coinbase Kraken Bitfinex
EXPLOSIVE LTD is an investment company specializing in financial market trading. Our preferred market is commodities: EXPLOSIVE LTD have developed accurate expertise in trading gold, silver, crude oil, natural gas.
🔥 Explosive-X
Signup link: https://explosive-x.io/?ref=devplus
Started: 01/06/2022
💰 Investment Plans: 4% daily for 25 days (principal return end of the cycle)
Cancel Deposit after 24 hours with a 15% fee
Withdrawal: Manual (Max 12 hours)
📥 Minimal deposit: $10 – Maximum deposit: $50.000
📥 Minimal withdraw: PM $1 , BTC $10 ,LTC $5 ,ETH $20
XRP $5 ,DOGE $5 ,USDT ERC20 $20 ,TRX $5 ,XLM $5
USDT (TRC20 BEP20) $5 , USDT TRC20 5$ , BNB $5 ,BCH $5
🤝 Referral program: 6% – 2%
Career Bonus:
$1000 Direct active referrals: $40 Bonus
$2500 Direct active referrals: $100 Bonus
$5000 Direct active referrals: $250 Bonus
$15,000 Direct active referrals: $600 Bonus
$50000 Direct active referrals: $2500 Bonus
Sign Up : https://explosive-x.io/?ref=devplus
—————————————————————————————————————-
BN Trust
📣24 hours trading, every two hours, you can earn more than 5% profit per day
Invest $100 (30 days) and get $432
Invest $300 (30 days) and get $1297
Invest $500 (30 days) and get $2161
Invest $1000 (30 days), get $4320
Invest $5,000 (30 days) and get $21,610
Invest $10,000 (30 days) and get $43,200
💵Minimum deposit amount is $20.
The minimum withdrawal amount is $10.
Cash out anytime!
The higher the capital, the more you earn
🖇Operation registration link https://www.bn-trust.com/#/register?sharecode=kBrco2
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
