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…
Security Tokens
Utility Tokens vs. Security Tokens
Crypto security tokens and utility tokens are digital assets on a blockchain. Security tokens are digital assets that represent ownership in an asset, such as a stock or bond. They are subject to federal securities regulations and are used to raise capital for a company or project. A practical example of a security token would be a token representing real estate ownership. On the other hand, utility tokens are digital assets that provide access to a product or service. Therefore,…
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What Are Crypto Security Tokens?
Crypto security tokens are a type of digital asset that represent ownership or a share in a traditional asset, such as real estate, art, or a company's stock. They are created and managed using blockchain technology, which allows for the secure and transparent tracking of ownership and transfer of assets. In practice, a company might issue a security token representing shares in the company. These tokens can then be bought and sold on a regulated security token exchange, similar to…
1 week ago 53 views