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…
WeWork
Revolut is Warming Up to Unveil New Crypto Token
Recent reports show London-based financial firm Revolut is stretching its hands across the sea. They are planning to introduce its crypto token to the world. According to a source relative to the matter, Revolut will soon launch a crypto token. Interestingly, the source said that the timing of Revolut comes after the approval from U.K regulators. Nonetheless, the information does not come directly from Revolut but two people with knowledge of the plans. A Glimpse of the Crypto Token One…
1 year ago 
449 views
Financial Firm Revolut is Paying WeWork Office Rent in Bitcoin
The fintech firm is the first WeWork member company to pay for its workspace in cryptocurrency. The financial technology firm is the largest of its kind in the UK. Also, the company gained $800 million in funding back in mid-2021. The new office will house about 300 employees, making it the organization’s most prominent office space. The cryptocurrency-infused financial tech company is preparing for expansion in the US. It was for this reason that it acquired the new area. Revolut Pays for Workspace in…
1 year ago 421 views