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…
Value of crypto
Determining the Initial Value of Cryptocurrencies
The total market cap of cryptocurrencies has enjoyed impressive growth since their inception. It hit the $3T figure in 2021 and stands at almost $1T at the time of writing. While all these huge figures are truly impressive, things have been different. The increased market capitalization has resulted more from increased price values than in crypto supply. This begs the question, is there a way of determining a crypto's initial value? Read on to find out. Understanding Value Determination Save…
1 year ago 
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