CoinFLEX restructuring approved in Seychelles as rebranding reportedly continues

CoinFLEX is reportedly on its way to restructuring and rebranding.

Kyle, founder of 3AC, said that OPNX will acquire all assets of CoinFLEX including people, tech, and tokens and FLEX will be their main token. FLEX is used to pay fees and 20% of revenue is used to buy and burn FLEX.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Cointelegraph /  🏆 562. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coinflex says restructuring plan is approved by Seychelles courtCourts in the Seychelles approved Coinflex’s restructuring plans on Monday, according to a statement from the company after the company halted withdrawals last summer.
Read more »

Bitcoin and Ether rise despite Silvergate suspending its crypto payments network: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Caitlin Long, founder and CEO of Custodia Bank, which aims to bridge traditional finance and digital assets, discusses the uncertainty at Silvergate Bank.
Read more »

Last Week on Crypto Twitter: Crypto Singing Its Last Song | CoinMarketCap🔹Surviving the Bear Market 🔹Elon building Twitter 🔹Our favorite 'Coinfession' & more memes and talks this past week on crypto Twitter 😉
Read more »

Crypto traders may lean toward stablecoins after Silvergate ceases crypto payments networkCrypto traders are likely to lean more toward dollar-pegged stablecoins, after Silvergate Capital Corp., and its crypto-friendly lending affiliate, said last...
Read more »

Nick Sirianni courts mutiny by firing DB coach Dennard Wilson after snubbing him as Eagles DCThe second-year head coach, flush with Super Bowl near-success, dismissed his most popular and productive defensive assistant, even after Wilson assured him he would hold no grudges about DC position.
Read more »