In the reorganization creditors would own 65% of CoinFLEX. Meanwhile, existing Ordinary Series A shareholders, including the CoinFLEX founders, would lose their equity stakes. Series B investors are to remain shareholders and can be incentivized with future equity over time in the event they bring value to the business. Source
September 26, 2022 – Singapore, Singapore DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, today announces the listing of its DFI token on Gate.io, one of the world’s leading cryptocurrency exchanges. This is a major step in DeFiChain’s mission to make DFI accessible to investors worldwide. Gate.io is one of the world’s biggest exchanges and supports the most cryptocurrencies of any exchange. The DFI token (ERC-20 version) will start trading on Gate.io at 10 AM UTC on September 26,…
Sifu, the pseudonymous co-founder of failed Canadian crypto exchange QuadrigaCX, has released UwU Lend, a decentralized finance (DeFi) protocol forked from Aave. Source
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io क्रिप्टो में इनसाइडर ट्रेडिंग हो रही थी. इस मामले में दुनिया में पहली बार किसी को क्रिप्टोकरेंसी में इनसाइडर ट्रेडिंग का दोषी पाया गया है. अमेरिका की एक अदालत ने इस मामले में एक शख्स को दोषी करार दिया है. इस आरोप में अधिकतम 20 साल की जेल की सजा का प्रावधान है. #Crypto #Scheme #America For Latest news visit | Subscribe to TV9 Bharatvarsh Follow TV9 Bharatvarsh on Facebook | Follow TV9 Bharatvarsh on Twitter | Watch more TV9 Bharatvarsh Videos…
The incoming chief executive of crypto exchange Kraken reportedly says that the firm has no plans to register with the U.S. Securities and Exchange Commission (SEC). According to a new report by Reuters, Dave Ripley, who will take the place of current CEO Jesse Powell, says that Kraken won’t register with the SEC as a market intermediary or delist tokens the regulatory agency has deemed to be securities. In July, the SEC reportedly opened an investigation into leading US crypto exchange Coinbase for allegedly offering unregistered securities. At the time,…
The Ethiopian birr currency’s parallel exchange rate against the U.S. dollar recently dropped to a low of 92 birrs per dollar, a report has said. The report added that following this latest plunge, the gap between the birr’s official and parallel market exchange rates has widened to a record high. Resumption of Fighting Between Ethiopian Government Forces and Tigray Rebels Identified as the Cause The gap between the Ethiopian currency’s official and parallel market exchange rate against the greenback widened to a new record higher after the latter rate plunged…
The Moscow Exchange has proposed to legalize the issuance of receipts for digital financial assets. The trading platform says this will allow custodians to offer clients who are not ready for distributed ledgers to essentially work with securities. MOEX also plans to become a licensed crypto exchange operator. Largest Russian Stock Exchange Gears Up to Enter Digital Asset Market The leading exchange for equities and derivatives in Russia has drafted new legislation that would authorize depositories to issue receipts for digital financial assets (DFAs). In current Russian law, the broad…
An Israeli capital markets regulator, the Insurance and Savings Capital Market Authority, recently granted a “crypto financial services provider license” to Bits of Gold, the first such license for an active company in the country. This license allows Bits of Gold to offer crypto custodian services and to enable the safekeeping of funds belonging to retail customers. Amendment of Israeli Laws In what has been described as a first in Israel, the country’s capital markets regulator, the Insurance and Savings Capital Market Authority (ISACA) recently granted Bits of Gold a…
Bitso, a Mexico-based, Latam-focused cryptocurrency exchange, has launched an initiative that aims to allow Argentines to use crypto for their everyday purchases. The exchange is introducing QR payments directly in its app, which will be interoperable with other platforms already using this method of payment in Argentina. Bitso Seeking to Drive Crypto Payments in Argentina Bitso, one of the biggest exchanges in Latam, with more than 5 million customers, is extending its focus on payments in Argentina. The exchange has launched one of the first interoperable QR payment…
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