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…
U.S House
U.S. House Greenlights Crypto Provision Inclusive- Defense Bill, Awaiting the Senate’s Blessing
Earlier today, The lower house of the U.S. Congress approved the controversial national defense act that includes crypto provision policies. The fate of the bill now lies in the hands of the U.S. Senate; hence the notion that it may stand as the law remains plausible. The defense bill focuses on the U.S. military’s expenditure and includes ways to innovate the financial industry. In recent times, the U.S. government has sought several ways to adapt to the inevitable cryptocurrency mass…
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