Category: Ethereum News

Maker DAO vault paid 65000 in Ethereum to pay off debt


In recent news, a Maker DAO vault had to pay whopping 65,000 in Ethereum cryptocurrency just to pay off its debt and decrease their risk. All this has profited 150,000 dollars in fees to The Ethereum was sold at an average price of 1155 dollars, which is considerably lower than Ethereum’s current price of ~$1350. Here’s the screenshot of vault history.


Celsius Network crypto project will be bankrupt by Q4 2022

Celsius network bankrupt

CEL token was created by Celsius Network and it will have zero value by fourth quarter of 2022. Reason is liquidity issues. Celsius Network previously used to allow flexible redemptions allowing anyone to withdraw their funds and forego their interest. This is also done by many centralized cryptocurrency exchanges like Binance where user can withdraw funds anytime by foregoing interest.