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…
Bitcoin Supply
Can Bitcoin Ever Go Beyond the 21 Million Capped Supply?
The maximum supply of Bitcoin is programmed to be 21 million. This limit is built into the Bitcoin protocol and cannot be changed without a hard fork, requiring the consensus of the entire Bitcoin network. Therefore, it is likely that the maximum supply of Bitcoin will never be increased beyond 21 million, even if a hard fork is proposed. Can Mining Pools Decide on the Bitcoin Supply? Mining pools can't be used to increase the supply of Bitcoin beyond the…
Block Education
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