Crypto’s latest meltdown leaves punters bruised and bewildered

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Crypto’s latest meltdown leaves punters bruised...
 © CyprusMail 2022
For Jeremy Fong, US crypto lender Celsius was an ideal place to stash his digital currency holdings – and earn some spending money from its double-digit interest rates along the way.

“I was probably earning $100 a week,” at sites like Celsius, said Fong, a 29-year civil aerospace worker who lives in the central English city of Derby. “That covered my groceries.”

Now, though, Fong’s crypto – about a quarter of his portfolio – is stuck at Celsius.

The New Jersey-based crypto lender froze withdrawals for its 1.7 million customers last week, citing...


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Article automatically added to our system on Tuesday, June 21, 2022

Crypto’s latest meltdown leaves punters bruised and bewildered


Contents of this article including associated images are © CyprusMail 2022
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Article Tags: #crypto   #latest   #meltdown   #leaves   #punters   #bruised   #bewildered  


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