According to Bitpush Market Data, BTC is now $20227.54, up 6.75% in 24 hours.
According to Bitpush Market Data, ETH is now $1384.67, down 0.03% in 10 minutes, falls below $1400 mark.
According to Bitpush Market Data, ETH is now $1377.53, up 6.62% in 24 hours.
According to Bitpush Market Data, BTC is now $19998.69, down 0.16% in 10 minutes, falls below $20000 mark.
Crypto Lender CoinDesk Introduces Restructuring Plan After June Crypto Market Crash
According to CoinDesk, crypto future exchange CoinFlex introduced a restructuring plan in Seychelles this summer as part of a plan to improve its financial situation after suspending withdrawals during the crypto market crash in June.As part of this plan, creditors will own 65% of the company, as well as receive recovery tokens, equity, and USDC. Meanwhile, Ordinary A shareholders will lose their equity stakes. Ordinary B shareholders will keep their shares and can gain future equity if they bring value to the company.In addition to these shifts, CoinFlex’s team will be allocated 15% of the company.The reorganization plan is currently in the midst of an official vote.So far, it has garnered about 96 million CoinFIEX vote tokens in favor for it, and 865,000 against.Voting is set to end September 27 at 4 a.m. UTC.Author: Katie Lin
According to CoinDesk, crypto future exchange CoinFlex introduced a restructuring plan in Seychelles this summer as part of a plan to improve its financial situation after suspending withdrawals during the crypto market crash in June.As part of this plan, creditors will own 65% of the company, as well as receive recovery tokens, equity, and USDC. Meanwhile, Ordinary A shareholders will lose their equity stakes. Ordinary B shareholders will keep their shares and can gain future equity if they bring value to the company.In addition to these shifts, CoinFlex’s team will be allocated 15% of the company.The reorganization plan is currently in the midst of an official vote.So far, it has garnered about 96 million CoinFIEX vote tokens in favor for it, and 865,000 against.Voting is set to end September 27 at 4 a.m. UTC.Author: Katie Lin
DFPI Joins Other State Securities Regulators to Take Action Against Crypto Lender Nexo Group
According to the California Department of Financial Protection and Innovation (DFPI) website, the agency announced today that it has joined seven other state securities regulators to take action against crypto lender Nexus Group for failing to register its Earn Interest Product accounts.These accounts are essentially crypto interest accounts, which allow investors to earn interest on crypto asset deposits.DFPI has decided that Nexo operates these accounts without having registered them as securities. Securities registration is important because it provides investors with material information, such as risks, crucial to their decisions surrounding whether or not to open crypto interest accounts.DFPI’s action is part of a larger effort to investigate companies with crypto interest accounts. Companies such as BlockFi Lending LLC, Voyager Digital LLC, and Celcius Network Inc previously faced similar actions by DFPI.Author: Katie Lin
According to the California Department of Financial Protection and Innovation (DFPI) website, the agency announced today that it has joined seven other state securities regulators to take action against crypto lender Nexus Group for failing to register its Earn Interest Product accounts.These accounts are essentially crypto interest accounts, which allow investors to earn interest on crypto asset deposits.DFPI has decided that Nexo operates these accounts without having registered them as securities. Securities registration is important because it provides investors with material information, such as risks, crucial to their decisions surrounding whether or not to open crypto interest accounts.DFPI’s action is part of a larger effort to investigate companies with crypto interest accounts. Companies such as BlockFi Lending LLC, Voyager Digital LLC, and Celcius Network Inc previously faced similar actions by DFPI.Author: Katie Lin
According to Bitpush Market Data, ETH is now $1381.87, down 0.21% in 10 minutes, falls below $1400 mark.
According to Bitpush Market Data, BTC is now $20012.15, up 0.74% in 10 minutes, breaks above $20000 mark.
According to Bitpush Market Data, ETH is now $1365.59, up 2.07% in 1 hour.
According to Bitpush Market Data, BTC is now $19682.77, up 2.14% in 1 hour.
Load more
Press Releases
Columns
