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…
Anonymity
What are Crypto Mixers?
Crypto mixers, also known as tumblers, are privacy-enhancing tools that allow users to mix their transactions with those of other users to obscure the link between the user's original transaction and the destination address. This can be useful for users who want to protect their financial privacy, as it makes it more difficult for outside parties to trace the flow of funds on the blockchain and link the transaction to a specific user. There are a few different ways that…
4 weeks ago 91 views
What are Privacy Coins?
Privacy coins are cryptocurrencies designed to provide users with greater privacy and anonymity when making transactions online. They do this by using various technologies and techniques to obscure the identities of the parties involved in a transaction and the details of the transaction itself. One of the main ways privacy coins achieve this is by using a technique called "coin mixing." Coin mixing involves taking many transactions and "mixing" them, making it difficult to trace any transaction back to a…
4 weeks ago 109 views