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CoinFLEX to Sue Robert Ver to Recover $84m Outstanding Debt
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CoinFLEX to Sue Robert Ver to Recover $84m Outstanding Debt

CoinFLEX is facing bankruptcy fears after its big longtime crypto investor Roger Ver who failed to repay a debt now totals $84 million dollars. The exchange said they are taking legal action against Roger Ver.

CoinFLEX Announces Restructuring Proposal, Allocating 65% Shares to Creditors
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CoinFLEX Announces Restructuring Proposal, Allocating 65% Shares to Creditors

CoinFLEX said that creditors will own 65% of the company. While, the company's team will be allocated 15% of the remaining shares, to vest over time in an employee share option program (ESOP).

Roger Ver Owes CoinFlex $47 Million in USDC, Says CEO
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Roger Ver Owes CoinFlex $47 Million in USDC, Says CEO

CoinFlex CEO Mark Lamb has revealed through a Twitter thread that crypto investor Roger Ver owes the company $47 million in USDC.

CoinFlex Issues New Token by Offering 20% Annual Return amid Halting Withdrawals
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CoinFlex Issues New Token by Offering 20% Annual Return amid Halting Withdrawals

CoinFlex has announced plans to raise funds by issuing a new token that will offer a 20% annual return while the exchange is still halting their withdrawals service, according to a report from Bloomberg.

CoinFlex Creditors Backs Company's Restructuring Plans
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CoinFlex Creditors Backs Company's Restructuring Plans

CoinFlex may be getting headway with respect to its restructuring plans as the majority of its creditors are backing the idea as revealed in early voting.

CoinFLEX Cuts Down on Staff Strength Amid Stability Woes
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CoinFLEX Cuts Down on Staff Strength Amid Stability Woes

Updating its users on the latest for the week, cryptocurrency exchange CoinFLEX has announced that it is cutting down on its staff strength

Reflexivity Research Provides Digital Asset Analysis & Consultation for Finance Industry
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Reflexivity Research Provides Digital Asset Analysis & Consultation for Finance Industry

Well-known crypto enthusiast and analyst Will Clemente announced to co-found Reflexivity Research with Anthony Pompliano.

CoinFlex to Allow Users to Withdraw up to 10% of their Balance
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CoinFlex to Allow Users to Withdraw up to 10% of their Balance

According to Bloomberg News, CoinFlex will allow users to later withdraw 10% of their balance after suspending withdrawals last month.

OPNX's 7-Day Trade Volume Average Hits $80 Million ATH, 69% of Minted $OX Staked
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OPNX's 7-Day Trade Volume Average Hits $80 Million ATH, 69% of Minted $OX Staked

OPNX reports a 7-day trade volume average hitting an all-time high of $80M, with 69% of minted $OX locked in staking.

CFTC Chairman Calls For Principle-Based Not Rules-Based Regulation For Crypto
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CFTC Chairman Calls For Principle-Based Not Rules-Based Regulation For Crypto

Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert has stated his preference for the financial governance to be principle based rather than a strictly enforced set of rules. This extends to cryptocurrency and digital assets.

Singapore Air Charter Embraces Cryptocurrency and Flexible Payment Options
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Singapore Air Charter Embraces Cryptocurrency and Flexible Payment Options

Singapore Air Charter introduces flexible instalment plans and cryptocurrency payments, enhancing accessibility to its premium aviation services as of August 16, 2023.

CoinFLEX Files for Restructuring in Seychelles
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CoinFLEX Files for Restructuring in Seychelles

CoinFLEX expects the restructuring plan will bolster the company’s operations. The firm wants its depositors and the court to approve the arrangement that will see it issue its depositors' recovery value USD tokens.

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