Super scandal in the world of cryptocurrencies. Can anyone trust digital currencies anymore after this?

Opponents of cryptocurrencies will always find an excuse and a reason to hate. But the truth is that sometimes things happen in this world that are downright hilarious. Specifically, another super-scandal of the Celsius project, which leaked 14,000 pages of user data.

Celsius is one of the biggest crypto scandals of all time

In some cases, individuals don't really look out for the reputation of the rest of the community or the technology. This is similar to the Celsius project that resonated through the internet a few months back.

Not long after the Terra Luna crash, Celsius also ran into trouble. Celsius Network $CELUSD, one of the leading cryptocurrency lenders, decided about three months back to stop withdrawals, swaps and transfers between accounts, citing the high volatility of the market at the time. Only, it then ran into further trouble. And now it looks like they are just not looking at the victims and just continuing to fall deeper and deeper into the abyss.

What is Celsius…

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Please!! note that this is not financial advice Every investment must go through a thorough analysis
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Bitcoin is pseudonymous meaning that funds are not tied to real-world entities but rather bitcoin addresses Owners of bitcoin addresses are not explicitly identified but all transactions on the blockchain are public In addition transactions can be linked to individuals and companies through idioms of use e g transactions that spend coins from multiple inputs indicate that the inputs may have a common owner and corroborating public transaction data with known information on owners of certain addresses 65 Additionally bitcoin exchanges where bitcoins are traded for traditional currencies may be required by law to collect personal information 66 To heighten financial privacy a new bitcoin address can be generated for each transaction
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Emissions trading is a market-based approach to controlling pollution by providing economic incentives for reducing the emissions of pollutants 1 The concept is also known as cap and trade CAT or emissions trading scheme ETS Carbon emission trading for CO2 and other greenhouse gases has been introduced in China the European Union and other countries as a key tool for climate change mitigation Other schemes include sulfur dioxide and other pollutants
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Bitcoin is pseudonymous meaning that funds are not tied to real-world entities but rather bitcoin addresses Owners of bitcoin addresses are not explicitly identified but all transactions on the blockchain are public In addition transactions can be linked to individuals and companies through idioms of use e g transactions that spend coins from multiple inputs indicate that the inputs may have a common owner and corroborating public transaction data with known information on owners of certain addresses 65 Additionally bitcoin exchanges where bitcoins are traded for traditional currencies may be required by law to collect personal information 66 To heighten financial privacy a new bitcoin address can be generated for each transaction
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Social trading is a form of investing that allows investors to observe the trading behavior of their peers and expert traders The primary objective is to follow their investment strategies using copy trading or mirror trading Social trading requires little or no knowledge about financial markets 1
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Disclaimer This is by no means an investment recommendation This is purely my summary and analysis based on data from the internet and other sources Investing in the financial markets is risky and everyone should invest based on their own decisions I am just an amateur sharing my opinions
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Please note that this is not financial advice Every investment must go through a thorough analysis
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Social trading is a form of investing that allows investors to observe the trading behavior of their peers and expert traders The primary objective is to follow their investment strategies using copy trading or mirror trading Social trading requires little or no knowledge about financial markets 1
Like 0
Social trading is a form of investing that allows investors to observe the trading behavior of their peers and expert traders The primary objective is to follow their investment strategies using copy trading or mirror trading Social trading requires little or no knowledge about financial markets 1
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Bitcoin abbreviation BTC sign ₿ is a protocol which implements a highly available public and decentralized ledger In order to update the ledger a user must prove they control an entry in the ledger The protocol specifies that the entry indicates an amount of a token bitcoin with a miniscule b The user can update the ledger assigning some of their bitcoin to another entry in the ledger Because the token has characteristics of money 1011 it can be thought of as a digital currency
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