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…

The world’s largest crypto exchange has teamed up with Mastercard, the second-largest global payment processor, to bring a prepaid crypto card to Brazil.  The card will enable Brazillian Binance users to pay bills and make purchases using cryptocurrencies including Bitcoin and BNB. Per Binance’s announcement on Monday, the card can be used with over 90 million Mastercard merchants worldwide, as well as online. Though still in its beta-launch phase, it will soon become widely available. The card works by converting…

According to a Financial Times report, CEO Elon Musk would like Twitter’s in-progress payment model to incorporate cryptocurrencies. Amid the mooted revelations, Musk’s favorite crypto Dogecoin experienced a notable surge in value. The token hit a daily high but retraced its steps soon after.  Elon Musk became Twitter owner and CEO on the 27th of October last year. Despite still being in the early days of the handover, Twitter has experienced a slew of makeovers in the last few months.…

Over the last few years, the crypto community has observed many trends and technological revolutions in the market. Project after project, plans and ideas came to life, some making a great impact in the market. Today we’ll look into DollarMoon, a project proposing its recipe to go "to the moon," as mentioned on its website. DollarMoon is a crypto ecosystem backed by features and technologies that we'll review today for you. What Is DollarMoon? DollarMoon is a deflationary cryptocurrency that…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,071 trillion. Bitcoin is up by over 3% after a successful week. Ethereum decreased by almost 2% over the past seven days. XRP gained nearly 2% in value this week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…

DEXs, MinSwap and MuesliSwap, currently have $30 million and $6.5 million worth of liquidity locked in them respectively   On Thursday, COTI Network, the issuer of the Cardano-backed stablecoin Djed announced its upcoming listing on major DEXs MinSwap and Muesliswap. COTI also added that Shen, its reserve coin, would be on that listing. MuesliSwap to List DJED and SHEN On Thursday afternoon, COTI retweeted the MuesliSwap announcement that revealed the exchange’s plan to list $Djed and $Shen in the coming…

Dypius has created an interesting concept for all cat and watch lovers - The Cats and Watches Society (CAWS) NFT collection. The team leverages Non-Fungible Tokens (NFTs) to represent cats with luxurious watches.  This new virtual society allows users to adopt their unique cats, play with their traits, and collect rewards. This review will explain how this NFT society works by examining its characteristics and benefits. The Launch of a New NFT Society The Dypius team created the "Cats and…

Bitcoin Cash (BCH) advocate and so-called “Bitcoin Jesus,” Roger Ver, has broken his silence on his newly received summons from GGC International. The investor said that while he has “sufficient funds” to pay his stated debts, the details of his contract with Genesis make things more complicated. Will Roger Ver Pay Up? In response to a Reddit post on the matter, Ver answered that he had the funds to pay all sums “allegedly owed,” and was willing to pay “what…

Bitcoin, the world’s first cryptocurrency, regularly faces criticism for having ‘outdated’ tech and a tendency to evolve slowly, relative to the rest of crypto. This leaves altcoin projects looking to build on Satoshi’s original invention room to differentiate and compete through added features, such as faster throughput, smart contracts, and tokenization.  However, a hotly-debated Bitcoin upgrade called “Drivechain” seeks to introduce these benefits to Bitcoin by opening up its development possibilities in one fell swoop. What is Drivechain, what are…

FTX’s lawyers have at last published a comprehensive, 116-page list of all creditors to the now defunct crypto exchange.  The document contains roughly 9.7 million customer names, showing that FTX’s connections spanned from airlines to universities, to media giants.  FTX’s Creditors The list, filed on Wednesday, shines a light on institutions invested in the company, per the request of Judge John Dorsey, who is overseeing the proceedings. During a meeting in early January, he allowed the names of individual creditors…