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…
Atomic Swaps
What are Atomic Swaps?
Atomic swaps are a way to exchange one cryptocurrency for another without needing a trusted third party. This can be useful for people who want to exchange cryptocurrencies without going through centralized exchanges, which can be slow, expensive, and vulnerable to hacking. Here's how atomic swaps work: Both parties agree to the terms of the swap and choose which cryptocurrencies they want to exchange. One party creates a "smart contract" on a blockchain that holds the other party's cryptocurrency as…
Block Education
@BlockEducation
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