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…
Crypto ATMs
What Are Crypto ATMs?
Crypto ATMs are automated teller machines that allow users to buy and sell cryptocurrencies, such as Bitcoin, using cash or a debit card. They work by connecting to a cryptocurrency exchange, where the user can then buy or sell the supported cryptocurrencies. In addition, some crypto ATMs allow users to withdraw cash in exchange for their cryptocurrency holdings. The process of buying or selling cryptocurrencies at a crypto ATM is similar to using a traditional ATM, with the user entering…
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