PayPal's Massive Bet, Coinbase vs SEC, Binance's Transfer, Kraken's Settlement, SALT's Comeback, Celsius Lawsuit, Europe's NFT Exhibition, and OPNX Trading Platform - Web 3 With FTC for Tuesday February, 21st, 2023
"Welcome to Web3 with FTC For February 10th by Fintech Confidential, the place where we keep you up-to-date on the latest developments in the world of Web3, Crypto, Blockchain, NFTs, and Fintech.
"Get ready for some fresh and thrilling insights on the crypto and blockchain world right here on Web3 with FTC! No more stale, regurgitated stories. We've got the hottest and newest updates for you."
Top stories for today.
1️⃣ PayPal taps into Crypto Market with $500M Investment in Bitcoin & Ethereum
2️⃣ Coinbase vs the SEC! Who WILL Win?
3️⃣ Binance Transfers $400 Million From U.S Affiliate's Silvergate Bank
4️⃣ SEC shook Kraken down for $30M
5️⃣ DC For Shooting A Messenger Who Warned of Crypto Debacal
6️⃣ SALT Crypto-Lender Bounces Back with a $64.4 Million Funding Splash!
7️⃣ Celsius Failed to Record transactions Worth Billions Prior to Bankruptcy
8️⃣ Centre Pompidou Puts NFTs on Display in Spectacular First Exhibition
9️⃣ OPNX Bankruptcy Claim Trading Platform
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Transcript
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Speaker:Welcome to Web3 with FTC by Fintech Confidential, the place where we
Speaker:keep you up-to-date on the latest developments in the world of Web3,
Speaker:Crypto, Blockchain, NFTs, and Fintech.
Speaker:"Get ready for some fresh and thrilling insights on the crypto and blockchain
Speaker:world, right here on Web3 with FTC!
Speaker:No more stale, regurgitated stories, we've got the hottest
Speaker:and newest updates for you."
Speaker:In today's episode, covers a number of topics, from PayPal's
Speaker:Crypto jackpot to the S E C's $30M shake down of Kracken and more.
Speaker:Let's get started with a quick intero to teh stories of today
Speaker:. PayPal Shocks The World By Making
Speaker:a shift towards a more transparent and accessible digital economy,
Speaker:potentially paving the way for other financial institutions to follow suit.
Speaker:With more mainstream adoption and growing demand for digital assets,
Speaker:crypto could become a widely accepted asset class in just a few years,
Speaker:and PayPal may be the driving force.
Speaker:Coinbase takes on the S E C in an epic crypto custody battle,
Speaker:arguing the security in exchange commission's proposed rule could stifle
Speaker:innovation and negatively affect the development of the crypto markets.
Speaker:Will the S E C listen or will innovation suffer?
Speaker:Binance's recent transfer of $400 million from a U.S.
Speaker:affiliate's account to a trading firm is indicative of the increased scrutiny
Speaker:digital currency exchanges face by regulators, highlighting the need for
Speaker:exchanges to balance compliance with regulations and protecting user data.
Speaker:Kracken may have settled with the SEC for $30 million, but the ruling is far
Speaker:from a definitive answer on the legality of cryptographic staking as a security.
Speaker:The crypto community remains on the edge of their seats waiting
Speaker:for the final determination and its impact on the industry.
Speaker:Salt's no longer just for your fries!
Speaker:Cryptocurrency Lender SALT has made a remarkable comeback with a $64.4 million
Speaker:investment after concerns were raised when it froze withdrawals in November.
Speaker:The new funds are expected to help the firm resume operations
Speaker:in the first quarter of 2023, creating a solid foundation for the
Speaker:crypto lending sector to flourish.
Speaker:Celsius faces a lawsuit alleging that it failed to keep track of billions of
Speaker:dollars in inter-company transactions prior to its bankruptcy, making it
Speaker:difficult to reconstruct the claims.
Speaker:The missing transactions have caused concern among victims of the collapse,
Speaker:as it is virtually impossible to fully reconstruct the inter-company claims.
Speaker:Europe’s largest modern art museum, Centre Pompidou, is making history with
Speaker:the continent's first NFT art exhibition.
Speaker:With works by CryptoPunks and Autoglyphs, as well as local NFT artists, the
Speaker:exhibition explores the intersection of art and money, marking a major
Speaker:cultural milestone and showing the growing acceptance of digital art,
Speaker:collectibles, and cryptocurrencies.
Speaker:Su Zhu, Co-Founder of 3AC, has launched OPNX, a revolutionary new trading
Speaker:platform for bankruptcy claims, offering a secure and transparent solution for
Speaker:those affected by frozen exchanges.
Speaker:Powered by blockchain technology and collaboration, the platform
Speaker:has the potential to empower investors and creditors of failed
Speaker:endeavors, providing them with a much-needed alternative solution.
Speaker:These are just the highlights, so stay for the rest of the story,
Speaker:right here on Web3 with FTC."
Speaker:PayPal, a major player in the digital payment industry, has made a significant
Speaker:move into the world of cryptocurrency by investing over half a billion
Speaker:dollars in Bitcoin and Ethereum.
Speaker:This move is indicative of a larger shift towards embracing
Speaker:digital assets and making the digital economy more transparent.
Speaker:It has the potential to change the crypto landscape and attract more
Speaker:Wall Street investors to the market.
Speaker:This investment by PayPal is a significant step towards the mainstream
Speaker:adoption of cryptocurrencies.
Speaker:By investing in Bitcoin and Ethereum, PayPal is signaling its recognition of
Speaker:the growing demand for digital assets.
Speaker:Cryptocurrencies provide investors with an uncorrelated asset that has
Speaker:the potential for substantial returns.
Speaker:As such, many institutional investors have begun to diversify their portfolios
Speaker:by investing in digital assets.
Speaker:The investment in Bitcoin and Ethereum by PayPal is also a significant shift in
Speaker:the company's approach to digital assets.
Speaker:It suggests that PayPal recognizes the importance of embracing new technology and
Speaker:the growing demand for cryptocurrencies.
Speaker:This move could pave the way for other financial institutions to follow
Speaker:suit and invest in cryptocurrencies.
Speaker:Furthermore, the investment in Bitcoin and Ethereum by PayPal could be a
Speaker:game-changer for the crypto world.
Speaker:As more Wall Street investors become enticed to join the crypto market,
Speaker:cryptocurrency may become a much more widely accepted asset class.
Speaker:With PayPal as a driving force, it is possible that within a few years, crypto
Speaker:may no longer be considered an alternative investment, but instead, a mainstream one.
Speaker:PayPal's investment in Bitcoin and Ethereum is a significant
Speaker:development in the crypto world.
Speaker:It shows that the digital payment giant recognizes the growing
Speaker:demand for cryptocurrencies and is willing to invest heavily in them.
Speaker:The move could pave the way for other financial institutions to follow
Speaker:suit, furthering the mainstream adoption of digital assets.
Speaker:With PayPal as a driving force, it is possible that cryptocurrency
Speaker:will become a much more widely accepted asset class in the future.
Speaker:Next up,
Speaker:The Crypto custody battle heats up as Coinbase takes a stand against the S
Speaker:E C's proposed crypto custody rule.
Speaker:The proposal would require digital asset custodians, like Coinbase,
Speaker:to comply with the same regulations as standard securities custodians.
Speaker:Coinbase, alongside other major players in the crypto industry, has issued
Speaker:a strongly worded response to the proposed rule, arguing that it is overly
Speaker:burdensome and could negatively affect the development of crypto markets.
Speaker:Coinbase argues that the security and exchange commission's proposed
Speaker:rule is "overbroad and burdensome."
Speaker:Compliance with the proposed rule could impose unreasonably expensive,
Speaker:onerous, and overly restrictive requirements on crypto custodial firms.
Speaker:This, in turn, could negatively impact the development of crypto markets,
Speaker:potentially stifling innovation, creating barriers to entry, and limiting
Speaker:customer choices in the crypto space.
Speaker:Coinbase is not alone in its stance against the proposed rule.
Speaker:Other major players in the crypto industry, such as Kraken,
Speaker:Grayscale, and ConsenSys, have expressed similar concerns.
Speaker:Kraken called the regulator's proposal "unnecessarily burdensome," and Grayscale
Speaker:cited customer concerns over the cost and complexity of the proposed rule.
Speaker:The proposed rule could also negatively affect the security,
Speaker:liquidity, and innovation of the crypto industry at large.
Speaker:Crypto custodians are critical players in ensuring the safe
Speaker:storage of digital assets.
Speaker:Compliance with the proposed rule could make it more difficult and expensive for
Speaker:crypto custodians to operate, which could, in turn, negatively impact the security
Speaker:and liquidity of the crypto market.
Speaker:Furthermore, the proposed rule could stifle innovation in the crypto industry.
Speaker:Crypto is still a relatively new and rapidly evolving space, and imposing
Speaker:overly restrictive regulations could limit the ability of companies to experiment
Speaker:and develop new products and services.
Speaker:This, in turn, could slow the pace of innovation and limit
Speaker:the growth of the crypto market.
Speaker:The fate of the S E C's proposed crypto custody rule is still up in the air.
Speaker:However, the response from major players in the crypto industry, like
Speaker:Coinbase, suggests that the proposed rule is not without controversy.
Speaker:The proposed rule could negatively impact the development of crypto
Speaker:markets, potentially stifling innovation, creating barriers to entry, and limiting
Speaker:customer choices in the crypto space.
Speaker:Ultimately, it will be up to the security and exchange commissionSEC to evaluate
Speaker:the arguments presented by Coinbase and other players in the crypto industry and
Speaker:determine the future of the proposed rule.
Speaker:The transfer of $400 million by Binance from Bam Trading's
Speaker:Silvergate account to Merit Peak raises important questions about the
Speaker:future of cryptocurrency exchanges.
Speaker:The move comes at a time when the digital finance industry is already facing
Speaker:increasing scrutiny from U.S regulators.
Speaker:This, coupled with the ongoing tension between mainstream financial
Speaker:institutions and the digital finance ecosystem, makes it clear that
Speaker:crypto exchanges like Binance are navigating a precarious balance
Speaker:between compliance and user privacy.
Speaker:The company's transfer of funds to Merit Peak shows that digital currency
Speaker:exchanges are constantly adapting to changing regulatory environments
Speaker:while remaining vigilant about the security and privacy of their users.
Speaker:It's important to note that compliance with U.S regulations is essential
Speaker:for cryptocurrency exchanges to continue operating legally.
Speaker:This means that exchanges must follow all regulations imposed
Speaker:by financial authorities in order to remain in business.
Speaker:Moreover, the transfer of funds also highlights the increasing
Speaker:importance of trading firms in the digital finance ecosystem.
Speaker:Merit Peak, in particular, has established itself as a key player
Speaker:in the industry, and Binance's decision to transfer funds to the firm
Speaker:demonstrates the exchange's confidence in the trading firm's abilities.
Speaker:However, it's worth noting that the transfer of such a large sum of money
Speaker:is sure to attract the attention of regulators, who are increasingly
Speaker:concerned about the possibility of money laundering and terrorist financing
Speaker:in the digital finance industry.
Speaker:This means that cryptocurrency exchanges like Binance must remain vigilant
Speaker:about any suspicious activities that may take place on their platform,
Speaker:and ensure that they are taking all necessary steps to prevent any
Speaker:illicit activities from taking place.
Speaker:This transfer of $400 million from Binance to Merit Peak underscores the
Speaker:delicate balance that crypto exchanges must maintain between complying with
Speaker:regulations and protecting user privacy.
Speaker:As the digital finance industry continues to evolve, it's likely that we'll see
Speaker:more regulatory scrutiny placed on cryptocurrency exchanges, which will
Speaker:require them to remain vigilant about any changes to the regulatory landscape.
Speaker:The future of digital finance may be uncertain, but exchanges like Binance
Speaker:are working hard to navigate the shifting regulatory environment and
Speaker:maintain the trust of their users.
Speaker:Crypto exchange Kracken recently agreed to a settlement with the S E C in response to
Speaker:allegations of securities law violations, resulting in a 30 million dollar penalty.
Speaker:The settlement addresses Kracken's acquisition of assets and hosting of
Speaker:securities through an I C O and the staking of digital assets, highlighting
Speaker:the uncertainty surrounding the classification of staking as a security.
Speaker:The settlement entered into by Kracken and the security and exchange commission
Speaker:is notable as the first time that the regulator has officially addressed
Speaker:the staking of digital assets and its potential classification as a security.
Speaker:However, the Kracken settlement still leaves the final determination of the
Speaker:classification of staking pending.
Speaker:The settlement also does not change the current rules regarding
Speaker:cryptographic staking, despite the S E C's enforcement action and
Speaker:the hefty penalty paid by Kracken.
Speaker:The settlement does raise concerns and debate within the crypto
Speaker:industry about how the regulatory landscape will change in the future.
Speaker:Some argue that the S E C's enforcement action could hinder innovation and
Speaker:stifle growth in the crypto industry, while others believe that the regulatory
Speaker:body's action is necessary to protect investors and ensure market stability.
Speaker:While Kracken's settlement with the S E C may have been costly, it does not
Speaker:set a precedent, and the regulatory landscape for crypto is still evolving.
Speaker:The crypto industry must continue to balance compliance with regulations
Speaker:while protecting user data and ensuring innovation and growth
Speaker:in the digital finance ecosystem.
Speaker:As the industry continues to evolve and adapt, the future of
Speaker:digital assets and their regulatory landscape remains uncertain.
Speaker:Crypto seems to be in a seemingly dangerous but familiarf position, much
Speaker:like the mutual funds of the 1930s.
Speaker:Leverage, fraud, and opacity threaten the industry, and policymakers
Speaker:are calling for a crackdown.
Speaker:However, as history shows, such an approach can hurt
Speaker:the good as well as the bad.
Speaker:Legitimate players in the crypto space, like Custodia Bank, are
Speaker:being attacked despite warnings from experts like Caitlin Long.
Speaker:If policymakers can learn from the past and work with industry
Speaker:experts, crypto has the potential to innovate and create value.
Speaker:The cryptocurrency industry finds itself at a crossroads, much like
Speaker:the mutual funds of the 1930s.
Speaker:In those times, policymakers took reactionary measures to crack down
Speaker:on the rampant fraud, leverage, and opacity in the industry.
Speaker:Today, similar calls for a crackdown are coming from Washington, DC,
Speaker:but such an approach could kill off the good along with the bad.
Speaker:Instead, policymakers should learn from the history of mutual funds and
Speaker:work with industry experts like Caitlin Long to create policies that encourage
Speaker:innovation and protect legitimate players.
Speaker:Caitlin Long has been warning about the dangers of leverage in crypto for years.
Speaker:As the founder and CEO of Custodia Bank, she has even handed over evidence
Speaker:of probable crimes committed by a big crypto fraud to law enforcement.
Speaker:Long believes that cleaning up the crypto industry is not a partisan
Speaker:issue but rather the right thing to do.
Speaker:Unfortunately, few decision-makers in government seem to be heeding
Speaker:her warnings, and legitimate players in the industry, such as
Speaker:Custodia Bank, are being attacked.
Speaker:There are antidotes to the scams seeping into the crypto system, but few understand
Speaker:how to separate the wheat from the chaff.
Speaker:It is essential that policymakers work with industry experts to develop policies
Speaker:that protect the legitimate players in the industry while rooting out the bad actors.
Speaker:If done correctly, the crypto industry has the potential
Speaker:to innovate and create value.
Speaker:Policymakers in Washington, DC, must take heed of the warnings of
Speaker:experts like Caitlin Long if they want to avoid a crypto catastrophe.
Speaker:Cleaning up the crypto industry will not only protect consumers and
Speaker:investors but also create an environment where innovation can flourish.
Speaker:By working with industry experts, policymakers can develop policies
Speaker:that differentiate the legitimate players from the fraudsters and
Speaker:create a healthy crypto ecosystem.
Speaker:Cryptocurrency lender Salt recently made a comeback after
Speaker:experiencing financial troubles.
Speaker:The firm had halted investor withdrawals in November, but has now bounced back with
Speaker:a significant $64.4 million investment.
Speaker:The new capital injection offers hope to many in the crypto space and has
Speaker:the potential to attract more funds.
Speaker:Salt's recent troubles have been mirrored by other cryptocurrency
Speaker:lenders during the prolonged crypto winter and the FTX collapse.
Speaker:However, the funding round has caused major optimism among investors and
Speaker:may create a strong foundation for the crypto lending sector to thrive in.
Speaker:The $64.4 million investment comes from a range of investors, including
Speaker:BitGo, Genesis Global Trading, PolyChain Capital, and more, backing
Speaker:the firm's Series A financing.
Speaker:The investment will be used to help the company resume operations
Speaker:in the first quarter of 2023.
Speaker:The funds will be coming from existing clients limited partners, as well as
Speaker:new investors unable to commit before the new recapitalization as this was
Speaker:blocked by existing shareholders.
Speaker:The capital injection should allow the company to put the past behind them and
Speaker:move forward with renewed confidence.
Speaker:The funding round of $64.4 million provides a strong boost to the crypto
Speaker:lender and may help the cryptocurrency lending sector in the long term.
Speaker:The cash injection will help the company to recover from its financial troubles
Speaker:and resume operations, while also potentially attracting more investment.
Speaker:Salt's story is a testament to the resilience of the crypto industry
Speaker:and how, despite setbacks, it is still able to make a comeback.
Speaker:Celsius, a once successful cryptocurrency and fiat currency lender, has
Speaker:recently filed for bankruptcy.
Speaker:However, recent court filings have revealed that the company failed to
Speaker:properly record billions of dollars in transactions between its affiliates.
Speaker:As a result, it has become virtually impossible to reconstruct inter-company
Speaker:claims prior to its bankruptcy.
Speaker:The Company's rise to success was largely attributed to two unnamed CEOs, one of
Speaker:whom is named as a defendant in the case.
Speaker:Despite having over $5 billion in cumulative deposits, the company's
Speaker:failure to keep track of nearly 7,000 inter-company transactions is
Speaker:now being blamed for its collapse.
Speaker:The missing transactions have caused victims of the collapse to
Speaker:file a lawsuit against the company.
Speaker:However, the recent court filings have revealed that the missing transactions
Speaker:make it virtually impossible to fully reconstruct the inter-company claims.
Speaker:The court filings have also raised questions about the company's internal
Speaker:controls and accounting practices.
Speaker:Celsius' bankruptcy and failure to properly record transactions have
Speaker:raised concerns within the crypto-sphere about the importance of internal
Speaker:controls and accounting practices.
Speaker:The missing transactions have made it virtually impossible to fully reconstruct
Speaker:inter-company claims, leaving victims of the collapse in a difficult position.
Speaker:The case highlights the importance of properly recording all transactions
Speaker:in the digital finance world, as well as the need for companies to have
Speaker:effective internal controls in place to prevent such failures from occurring.
Speaker:Centre Pompidou, Europe's largest modern art museum, will host an exhibition
Speaker:focused on the relationship between blockchain and art, featuring NFTs
Speaker:from the CryptoPunks and Autoglyphs projects, among other digital artists.
Speaker:The exhibition is expected to showcase the potential of NFTs
Speaker:while exploring the boldest uses of blockchain technology in art.
Speaker:CryptoPunk #110 and Autoglyph #25 will be on display at the museum,
Speaker:alongside 16 other NFT works from a global assortment of artists.
Speaker:This marks the first time Centre Pompidou has accepted NFTs into its collection.
Speaker:Yuga Labs co-founder Greg Solano highlighted that the CryptoPunk's
Speaker:appearance in the Centre Pompidou is a significant moment for
Speaker:the Web3 and NFT ecosystem.
Speaker:There are 10,000 CryptoPunks in circulation, the cheapest of which
Speaker:can be bought for 63 ETH, or roughly $95,000, according to CoinGecko.
Speaker:Despite the significant amounts of capital continuously attracted by
Speaker:such "blue chip" NFT projects, some in the art community have criticized the
Speaker:medium for lacking artistic legitimacy.
Speaker:However, Yuga Labs took the occasion to assert the artistic
Speaker:merits of such projects.
Speaker:They believe that partnering with Centre Pompidou signifies that CryptoPunks
Speaker:are rightfully being recognized as an important art movement by the industry.
Speaker:While some may criticize the lack of artistic legitimacy in NFTs, the
Speaker:exhibition at Centre Pompidou will provide the opportunity to showcase the potential
Speaker:of NFTs while exploring the boldest uses of blockchain technology in art.
Speaker:The exhibition features NFTs from various digital artists, such as
Speaker:Jonas Lund, Rafael Rozendaal, and Jill Magid, and will allow attendees to
Speaker:experience the power of NFTs firsthand.
Speaker:Centre Pompidou's upcoming exhibition has a broader focus than just the pop cultural
Speaker:phenomenon of "collectibles" sold as NFTs, such as the Bored Apes or the CryptoPunks.
Speaker:The exhibition aims to explore the most innovative uses of the technology in art.
Speaker:Although CryptoPunks and Autoglyphs are widely known, the exhibition
Speaker:also highlights lesser-known artists and projects in the NFT space.
Speaker:The NFT-focused exhibition at Centre Pompidou is a significant
Speaker:cultural milestone, as it indicates that governments and
Speaker:institutions are increasingly taking digital art, collectibles,
Speaker:and cryptocurrencies seriously.
Speaker:By exhibiting NFTs from renowned projects, the museum will take an innovative
Speaker:approach to showcasing the potential of NFTs and highlighting the fine line
Speaker:between creativity and commercialism.
Speaker:The exhibition will provide a unique opportunity for attendees to explore
Speaker:the intersection of crypto and culture and to experience the power of NFTs
Speaker:in the world of contemporary art.
Speaker:Crypto is an ever-evolving ecosystem that continues to create new
Speaker:financial opportunities for investors.
Speaker:However, with these opportunities come risks, such as the
Speaker:possibility of bankruptcy.
Speaker:Bankruptcy can occur when an exchange or lender is no longer
Speaker:able to repay investors, leaving them with their funds frozen.
Speaker:This has become an all-too-common occurrence in the crypto space,
Speaker:with victims left struggling to regain their lost funds.
Speaker:But one co-founder of the Three Arrows hedge fund is determined to provide
Speaker:a solution to this problem, and has launched a new platform to trade claims
Speaker:for frozen funds on bankrupt exchanges.
Speaker:Su Zhu, co-founder of bankrupt hedge fund Three Arrows Capital,
Speaker:has announced the launch of OPNX, a new bankruptcy claims marketplace.
Speaker:The platform is designed to restore creditors whose funds are frozen
Speaker:on bankrupt platforms, providing a much-needed solution to an ongoing
Speaker:problem in the crypto space.
Speaker:The waitlist for OPNX is open, and the platform is already accepting
Speaker:claimants from bankrupt lenders Genesis, Celsius, and BlockFi, as well
Speaker:as the defunct Bitcoin exchange Mt.
Speaker:Gox.
Speaker:According to Zhu, the idea for OPNX came from conversations with Coinflex
Speaker:CEO Mark Lamb, who built Coinflex as the ideal combination of CeeFi
Speaker:and DeeFi after the collapse of 3AC.
Speaker:Zhu also cited the need for a killer UI following the collapse of FTX, the
Speaker:number of traders with funds frozen as a result of bankruptcies, and the
Speaker:"wish to help investors build a safer and better future" as key factors that
Speaker:influenced the platform's founding.
Speaker:OPNX aims to be the "ideal combo of CeeFi + DeeFi" and will initially launch
Speaker:as a claims and derivatives marketplace.
Speaker:Zhu added that the platform would become a transparent platform fulfilling
Speaker:the role of a fully decentralized custodian, with plans to expand
Speaker:into stocks and foreign exchange.
Speaker:Zhu also stated that 3AC creditors have approved the project, providing
Speaker:an important vote of confidence.
Speaker:The launch of OPNX is an important step towards resolving a longstanding
Speaker:issue in the crypto space.
Speaker:When exchanges and lenders collapse, the victims are often left with frozen
Speaker:funds, and there are few avenues for them to recover their money.
Speaker:With OPNX, creditors can now trade their claims and potentially
Speaker:recover some of their lost funds.
Speaker:The crypto space is constantly evolving, and as such, it is important to have
Speaker:solutions in place to mitigate risks.
Speaker:With the launch of OPNX, Su Zhu has provided a much-needed
Speaker:solution to the problem of frozen funds on bankrupt exchanges.
Speaker:The platform has the potential to restore lost funds to investors
Speaker:and provide a safer and better future for the crypto ecosystem.
Speaker:By embracing the ideal combination of CeeFi and DeeFi, OPNX has the potential
Speaker:to provide a more secure, transparent, and decentralized alternative to
Speaker:traditional banking and finance.
Speaker:As we wrap up today's episode of Web3 with FTC by Fintech Confidential.
Speaker:Today we've covered some of the biggest Web3 stories that are shaking up the
Speaker:Web3 world and what they mean for you.
Speaker:We've seen some major players in the crypto industry make bold
Speaker:moves towards a more transparent and accessible digital economy.
Speaker:PayPal's 500 Million dollar bet on crypto and Salt's remarkable comeback
Speaker:after freezing withdrawals are just a few examples of the potential for
Speaker:growth and innovation in this space.
Speaker:However, as we've seen with Coinbase's battle with the S E C
Speaker:and Celsius' lawsuit over missing inter-company transactions, the road
Speaker:ahead is not without its challenges.
Speaker:With the emergence of revolutionary new platforms like OPNX, there's hope
Speaker:that the crypto industry can continue to find alternative solutions and pave
Speaker:the way towards a brighter future.
Speaker:Thanks for tuning into “Web3 with FTC”, where we cover what’s behind the
Speaker:disruptive and innovative world of Web3, Blockchain, Crypto, NFTs and Fintech.
Speaker:And remember to follow us on our Telegram Channel, Linkedin, Facebook,
Speaker:and Instagram, and sign up for the latest news delivered straight to your inbox at
Speaker:access dot fintech confidential dot com.
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