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Major crypto lender pauses key services

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One of the largest crypto lenders is pausing withdrawals, swap, and transfers between accounts

Tokens at Celsius Network took a 60 per cent tumble to as low as 19 cents, following an announcement to pause withdrawals.

The company says the decision was based on poor market conditions.

“We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations,” the company says.

Celsius was valued at U.S. $3.25 billion when it recently extended its ‘oversubscribed’ Series B financing round.

The platform gives users the chance to deposit major cryptos like Bitcoin, Ethereum and Tether in exchange for weekly interest payments.

It offers as much as 18 per cent interest in a year, and is reportedly home to 1.7 million people.

“We are working with a singular focus: to protect and preserve assets to meet our obligations to customers. Our ultimate objective is stabilizing liquidity and restoring withdrawals, Swap, and transfers between accounts as quickly as possible.”

CELSIUS NETWORK

Elsewhere, Bitcoin has plunged to a new low amid a horror 72 hours for the crypto.

The coin briefly dipped to U.S. $24,900, which is its lowest fall in 18 months.

Analysts remain concerned these digital tokens are yet to hit rock bottom.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Agricultural Investment: challenges, sustainability and risk management

“Farming: A meaningful lifestyle intertwined with nature, community, sustainability, and the challenges of risk management and market fluctuations.”

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Farming: A meaningful lifestyle intertwined with nature, community, sustainability, and the challenges of risk management and market fluctuations.

In Short

Farming is a rewarding lifestyle that involves overcoming challenges while fostering community and connection to nature. Emphasising sustainability and risk management, farmers adapt and persevere to thrive in their profession.

Farming is not just an investment; it represents a fulfilling lifestyle closely tied to the land.

Farmers experience the daily realities of seasonal cycles and weather patterns that influence their work.

They face various challenges, including disease outbreaks, fires, predators, and fluctuating market conditions.

Despite these hurdles, there are also significant triumphs that come with managing a farm or ranch.

Farming fosters a sense of community, bringing together people who share traditions and values.

There is a profound connection to nature that many farmers cherish in their daily lives.

Sustainability is becoming increasingly important, prompting farmers to adopt more environmentally friendly practices.

This shift not only benefits the land but also helps create new market opportunities by connecting farmers with consumers.

A key recommendation for those in agriculture is to focus on risk management.

Building external investments and diversifying income sources can provide a safety net against uncertainties.

Overall, the farming lifestyle is one of perseverance and adaptation, driven by a passion for the land and a commitment to community and sustainability.

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Budgeting Strategies for Economic Changes Post-2025

“Adapting Financial Strategies for a Changing Economic Landscape Beyond 2025: Budgeting for Uncertainty and Long-Term Goals.”

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Adapting Financial Strategies for a Changing Economic Landscape Beyond 2025: Budgeting for Uncertainty and Long-Term Goals.

In Short

The evolving economic landscape requires individuals to adapt budgeting strategies to manage financial challenges effectively. Staying informed and flexible in financial planning is essential for achieving long-term financial goals.

The economic landscape is evolving, necessitating new budgeting strategies for 2025 and beyond.

It is essential to regularly review and adjust your budget based on changing variables like inflation, interest rates, and fluctuations in income or expenses.

Staying informed about economic trends and financial news is crucial for making informed decisions regarding your finances.

Building a solid financial foundation will help individuals manage economic challenges and work towards their long-term financial objectives.

Flexibility in budgeting and an awareness of economic conditions will contribute to successful financial planning.

Achieving financial goals requires proactive measures and adaptations to ongoing changes in the economy.

Investing time in understanding financial trends can empower better decision-making regarding personal finances.

Preparation and adaptability are key in a volatile economic environment.

Establishing stable financial habits will provide resilience against unexpected economic shifts.

Overall, adapting budgeting strategies in response to the changing economic landscape will be vital for financial success in the coming years.

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Micro-investing: the tactic turning spare change into life-changing wealth

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How young Australians are reshaping their financial futures with small, smart moves

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

Micro-investing is becoming a popular financial tool, especially among younger investors. Offering low entry barriers, automation, and the benefits of compounding, micro-investing allows users to start growing wealth with small amounts. It’s an ideal option for those looking to develop positive financial habits early.

With time on their side, young investors can leverage micro-investing to build a solid financial foundation, but they must remain mindful of costs and strategies to make the most of their investments.

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