Blockchain Capital Partner Kinjal Shah joins Emily Chang and Bloomberg's Sonali Basak after Celsius Network, a key player in the world of decentralized finance, said it was pausing withdrawals, swaps and transfers following weeks of speculation over its ability to make good on its outsize returns.
-
- 1
Francisco Gimeno - BC Analyst The Celsius event, even is it's not as big in monetary losses as other crypto bubble's burst, is particularly damaging in he middle of a bearish market. There are many small events which have joined to unfold the big problem, in full development yet. What we learn from this is that regulations are needed to make this kind of issues an exception and not a possibility as we have being seeing all these years one after another. To avoid scams, frauds, and even naivety which leads to unnecessary bubbles. Whatever has happened with Celsius shouldn't happen easily in a regulated crypto market.