Block Climbing Podcast: Zero Degrees Celsius
This week everything crypto continues to be on fire. So Tegan and Tim look at CeFi platform Celsius freezing all of its withdrawals. One might say its hit... zero degrees Celsius. On the plus side, the market downturn could be somewhat good for the environment?
The crypto market continues to be a flaming hot pile of garbage! While token prices continue to plummet, large boi CeFi platform Celsius has paused transactions on its network. This means that, at least for now, 1.7 million customers are left sitting on their hands.
But on the flip side, the downturn of the market is leading to some Bitcoin miners peacing out, which is a good thing for the environment.
And in some wholesome news, old mate Seth Green has been reunited with his Bored Ape, after it was phished from his account.
Listen to the episode: Zero degrees Celsius:
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Show notes and sources
- Crypto lending giant Celsius halts withdrawals [The Verge]
- Bitcoin Energy Consumption Index [Digiconomist]