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…
Telecom
SK Telecom Launches Blockchain Wallet For Administrative Documents
South Korean giants SK Telecom has announced a wallet's launch to store administrative documents on the blockchain. A wallet to store Korean administrative documents As local news outlet NewsTomato explains, the wallet will be used to host certificates that prove that a Koran citizen has administrative documents. This may include health information, Proof of address, insurance certificates, National ID, etc. Once stored in the company’s blockchain wallet, document certificates can be released to institutions that need them. The telecoms firm…
2 years ago 461 views
KT Corporation Launches Its Blockchain-Based Platform for Contracts
KT Corporation, the giant South Korean telephone company, has launched a platform for contracts dubbed KT Paperless. The blockchain technology-based KT Paperless will be a document integration platform that will allow its users to formulate and distribute contracts. It will serve as their storage point from where they can see activities such as opening, signing, or alterations on the contracts, using the timestamp technology. Users can also confirm whether they sent documents, confirm the receipt and viewing times, and notices…
3 years ago 392 views