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…
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What is Bitcoin Cash (BCH) and How Does it Work?
Bitcoin Cash (BCH) is a cryptocurrency that was created in 2017 as a fork of the Bitcoin blockchain. It was created in response to concerns about the scalability of the original Bitcoin network. Bitcoin Cash increased the block size limit from 1 megabyte to 8 megabytes, allowing more transactions to be processed per block. In march 2022, the BCH team increased the block size limit to 32MB. According to the developers, this change was intended to make the network faster…
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