Troubled Crypto Exchange Zipmex Proposes to Pay Creditors 3.35 Cents on the Dollar: Bloomberg
Zipmex, a troubled cryptocurrency exchange, has proposed paying creditors 3.35 cents on the dollar in its restructuring plan.
Major creditors have pushed back against the proposals and requested a review of Zipmex's assets and liabilities.
Zipmex froze withdrawals in July 2022 after suffering losses from the collapse of the Terra ecosystem and exposure to bankrupt Celsius Network.
CBOE to Launch Margined Bitcoin Futures Trading in 2024
The Chicago Board Options Exchange (CBOE) plans to open a cryptocurrency-native exchange and clearinghouse that offers margin trading and leveraged derivatives among other products.
CBOE aims to provide an intermediary-inclusive model with separation of duties to avoid conflicts of interest in its offerings.
The exchange also plans to introduce physically delivered products pending regulatory approval.
Why Crypto Company OKX Remains Bullish Despite Market Infamy
OKX has shifted its marketing strategy from programmatic ads to brand partnerships and changing consumer sentiment.
The collapse of FTX and negative publicity in the crypto industry has led to a focus on rehabilitating the industry's image.
OKX spent $30 million on ad spend in 2022, but has reduced its budget to $24 million in 2023.