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…
Governance
What is Cryptocurrency Governance?
Crypto governance is the process by which stakeholders in a cryptocurrency or blockchain network make decisions about the network's protocol and operation. This can include decisions about software updates, changes to the network's consensus mechanism, and allocating funds for development and other expenses. One way crypto governance is implemented is through a decentralized autonomous organization (DAO), a digital organization run by code rather than by a central authority. In a DAO, stakeholders can propose and vote on proposals using their…
Block Education
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