In the latest news, the investigating officer of Celsius bankruptcy filing is ready to publish its report, claiming explosive allegations, including a Ponzi scheme.
The once dominant Celsius Network, hailed as a trailblazer in the crypto lending world, is now facing a shocking downfall. The once-trusted lender is now facing serious allegations of operating a deceptive Ponzi scheme, leaving 1.7 million customers in the lurch. The scheme was simple yet sinister, paying early depositors with money obtained from unsuspecting new users. This betrayal has left many customers feeling helpless and desperate for a solution, and they are now turning to the Southern District of New York for help in getting their hard-earned money back. In the latest news, the much-anticipated report from a court-appointed examiner is set to be released, which will tackle the explosive allegations surrounding bankrupt crypto firm Celsius Network, investigating whether it operated as a Ponzi scheme. This report could bring added scrutiny onto founder Alex Mashinsky, who is already facing fraud allegations.
Using fundamental analysis in cryptocurrency trading
Cryptocurrency trading is a tough game, but you can level up your game by doing fundamental analysis. The market is full of noise and misinformation, so it’s important to know what’s real from what isn’t. This article will help you get started with a fundamental analysis of cryptocurrencies by explaining what it means and how it can help you become a better trader:
What is Fundamental Analysis?
Fundamental analysis is a method of evaluating an investment by examining the economic, financial, and other forces that affect security. The goal of fundamental analysis is to identify and analyze the underlying value of a company’s stock.
Fundamental analysis seeks to uncover information about businesses that could help investors make more informed decisions about whether they should buy or sell securities based on their own interests.
Fundamentals for Crypto Trading
When you’re trading cryptocurrencies, it’s important to understand the key fundamentals of your investment. These include:
What are the fundamentals of cryptocurrency trading?
What are the key fundamentals to look at when investing in a cryptocurrency?
What are the key fundamentals of a cryptocurrency project?
How do you evaluate an ICO (Initial Coin Offering)?
Identify Trends
Identifying the trend can be the most important step in your cryptocurrency trading. This will help you make profitable trades and avoid losing money.
Identifying trends is done by looking at the price chart, which shows you how much Bitcoin (or another cryptocurrency) has changed over time. The most common trend is up or down, but there are also sideways trends that happen for a period of time before reverting back to an upward or downward direction.
Search for Keywords and News Events
Search for keywords and news events related to cryptocurrency. This will give you an idea of whether there are any changes in the company’s direction or partnerships, as well as its market share. You can also use this information to find out if anyone is going after them or trying to steal their customers by offering something similar (which might be illegal).
Search for keywords and news events related to team members and competitors. You’ll need their names so that you can look up any other relevant articles they’ve written on different topics just like this one!
Check Out the Team and Direction of the Project
One of the most important things to look for in a project is whether or not it has a clear team of people working on it. This can be helpful when you’re trying to decide if you want to invest in their project or not.
The best way for me personally, as someone who has been involved with cryptocurrency for several years now and has seen many different projects come and go (and even some that were successful), is by checking out how well-planned each team is from top down:
The first thing I look at when deciding whether or not I want my money involved with something new is whether or not there are people who have been around long enough that they’ve proven themselves capable of making decisions about what direction this company should take—and if so, how many people are partaking in those discussions? Does this company seem like one where everyone knows what needs doing next? Or do they appear too fractured into smaller groups than could achieve anything meaningful together? If there aren’t any clear answers yet then maybe reconsider investing—but if there’s already been communication between multiple departments then chances are good things will work out fine!
Study the White Paper Carefully
A white paper is a document that gives you an overview of the project. It explains what the project does, how it works, and why it’s important.
What is a White Paper?
A white paper can be defined as: “A document that contains detailed information about a company or its services, including financial results from previous quarters, upcoming developments in the industry or market, etc…” The purpose of these documents is to provide valuable insights into how your investment would benefit from participating with their ICO (Initial Coin Offering). If you want to learn more about cryptocurrency trading then read on!
Pay Attention to Partnerships and Acquisitions
While it may seem obvious that you should look for companies that have a history of working with your target company, there are other things you should watch out for when evaluating potential partnerships and acquisitions.
Look at the size of the company. The bigger the company, the more likely it is to be able to afford to take on new clients, which can help boost sales for both parties involved in any partnership or acquisition.
Compare their revenue streams against yours: If one partner has a lot more money than another partner does (or vice versa), they will be able to invest more into making sure their business continues growing without having trouble keeping up with expenses like paying employees or buying equipment/software upgrades needed to keep things running smoothly while still maintaining profitability levels over time
With Great Power Comes Great Responsibility
When you’re trading cryptocurrencies, there are many things that can go wrong. The market is volatile and fast-moving—sometimes it changes direction in an instant. You could lose your entire investment if the price of a coin goes down too quickly or if there’s some other factor that causes people to panic and sell their holdings.
If this happens, it’s important to keep track of what happened: how much money did you lose? Did you make back all or part of what was lost? Were there any specific moments where things went wrong (like when someone ran up against their limit)? And don’t forget about learning from these experiences so they don’t happen again!
Cryptocurrency trading is a tough game, but you can level up your game by doing a fundamental analysis
Fundamental analysis is a key tool for cryptocurrency trading. It helps you understand the value of a coin, identify trends and news events, and identify partnerships and acquisitions.
Fundamental analysis is an approach to analyzing companies by looking at their financial statements (including balance sheets, income statements, and cash flow statements). You can use it to determine whether a company has strong fundamentals or weak ones; this will help you decide whether it’s worth buying into or selling off as soon as possible.
Conclusion
Fundamental analysis can be a complicated process, but it’s one that will help you identify trends and make better trading decisions. It’s also the best way to understand the market, which is crucial for long-term success in cryptocurrency trading. If you want to get started with fundamental analysis today, check out other articles on this topic at bitcoin era!
Celsius Bankruptcy Comes To A Ponzi Scheme
As the drama unfolds around the bankrupt crypto lending platform Celsius Network, the U.S. Bankruptcy Judge Martin Glenn is keeping a close eye on proceedings. In September, Judge Glenn appointed former prosecutor Shoba Pillay as an independent examiner to get to the bottom of the explosive allegations surrounding the company. Pillay has been tasked with investigating whether Celsius operated as a Ponzi scheme and examining the company’s handling of cryptocurrency deposits. With the outcome of Pillay’s investigation set to have far-reaching consequences, the crypto community eagerly awaits her findings, determined to uncover the truth behind the alleged fraud.
Celsius finds itself in hot water as it sought refuge from creditors last July, filing for Chapter 11 protection in Manhattan. The Hoboken, New Jersey-based company was left with a staggering $1.19 billion deficit on its balance sheet after freezing customer withdrawals on its platform. As a result, Celsius agreed to a scaled-back examination by a court-appointed examiner. The agreement put a stop to a full-blown investigation proposed by the U.S. Department of Justice’s bankruptcy watchdog and securities regulators from Texas, Vermont, and Wisconsin.
Celsius’ False Promises And Further Accusations
The heat is on for Celsius as a proposed class action has been brought against the company in a federal court in New Jersey. The lawsuit alleges that Celsius committed fraud on a massive scale, raking in a whopping $10 billion through the sale of unregistered securities in a Ponzi scheme. The suit further claims that the company used misleading tactics to convince investors to purchase its financial products at inflated prices.
New York Attorney General Letitia James had her sights set on Celsius CEO Alex Mashinsky, filing a lawsuit against him for defrauding investors out of billions in digital currency. The allegations claim Mashinsky concealed the platform’s deteriorating financial state from investors.
Bankruptcy examiners offer an unbiased perspective into the downfall of a bankrupt company, but the cost of their investigation can be a contentious issue when finances are tight. For example, the bankrupt crypto exchange FTX refused demands for an examiner in their Chapter 11 case due to the cost of conducting multiple investigations.
