The past day has been brutal for Bitcoin. In its worst single day drop since July 16th, the value of...
For the longest time, critics of Bitcoin have questioned if the cryptocurrency is a Ponzi-like/pyramid scheme. Wikipedia defines a “Ponzi scheme”: A...
The latest bankruptcy hearing of Celsius saw key developments, including the demand for an investigation to determine if the crypto lender operated like a Ponzi scheme.
The final report filed by the independent examiner in Celsius' bankruptcy case found that the crypto lender used customer deposits to fund withdrawals, and by doing so, it met the definition of a Ponzi scheme.