Under the plan, which was proposed in September 2022, CoinFLEX creditors will own 65% of the company, while Series A investors would lose their equity stakes. Series B shareholders will retain their status.
Roger Ver had applied to have the claim thrown out on the basis that the Antiguan court did not have jurisdiction to hear it, but the High Court rejected that suggestion.
GGC International Ltd filed a summons with the New York State Supreme Court, giving Roger Ver 20 days to answer the complaint filed against him for failing to honor his financial obligations.
Marquez Comelab gives an in-depth discussion on how two clashing groups led to the split of Bitcoin and the importance of building a stable protocol in achieving scalability.
Roger Ver was in the Thinking Crypto podcast to again call Dr. Craig Wright a scammer and enthuse about how crashes like FTX mean more interest for the 'crypto.'
The U.K. Court of Appeal heard Tulip Trading’s arguments that blockchain engineers owe fiduciary and tortious duties to those who use their blockchains today.
Connor Murray joined this episode of the CoinGeek Weekly Livestream to celebrate Bitcoin Independence Day and discuss what’s happening in the B SV ecosystem and wider digital currency markets.
The plan, which wipes out Ordinary Series A shareholders, including the founders, was proposed by CEO Mark Lamb, and received 99% backing in a recent vote.
For ‘crypto’ insiders, one’s opinion on Bitcoin SV (BSV) appears less based on the technology’s merits than on how closely one is linked to Roger Ver.
In a blogpost, CoinFLEX detailed how it has filed for restructuring in Seychelles, which will enable it to issue rvUSD tokens, equity, and locked FLEX tokens to depositors.
The cuts will reduce overheads by up to 60%, CoinFLEX says, further hinting at acquisition possibility even as its $84 million dispute with Roger Ver continues.
The process could take up to 12 months, but CoinFLEX says it’s confident that the HKIAC will rule its way and allow it to pursue Roger Ver’s worldwide assets.
