An independent examiner has revealed shocking details surrounding the inner workings of Celsius – a crypto lender that filed for bankruptcy in July 2022. The examiner claimed that Celsius did not operate by the business model that it presented to customers. He likened it to a Ponzi scheme, much like FTX – a company that happened to have used the same accounting software: QuickBooks. The Truth About CEL Token Per a filing from examiner Shoba Pillay on Tuesday, Celsius had…
0-conf
What are Zero-Confirmation Transactions?
A zero-confirmation transaction (or "0-conf" for short) is a transaction that has been broadcast to the network but has not yet been included in a block. Because it hasn't been confirmed by being included in a block, there is a risk that the transaction may not be valid and could be reversed. This is because there is a possibility that the same digital assets could be spent multiple times before being confirmed on the blockchain. When a transaction is first…
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