MLM Network Zone

FTX Trading Ltd., accompanied by its linked debtors, has approached the U.S. Bankruptcy Court in Delaware with a proposal to collaborate with Michael Novogratz’s Galaxy Digital Capital Management LP, also known as Galaxy Asset Management. FTX Trading Proposes Alliance With Novogratz’s Galaxy Digital FTX aims to onboard Galaxy Asset Management to oversee a portion of its crypto holdings. Debtors insist with Galaxy’s deep-rooted expertise in the digital asset realm, the bankrupt entity and its debtors deem the firm perfectly suited for the role. Under this potential partnership, Galaxy’s responsibilities would encompass managing FTX’s digital assets, furnishing strategic counsel, executing trades, and adeptly maneuvering to prevent adverse price fluctuations from bulk asset sales. Additionally, the firm intends to optimize the value derived from sales by hedging these crypto assets. For their services, Galaxy would earn a remuneration structured as management fees, derived from the ...

BTC price support is yet to reappear, with Bitcoin bulls too sure of themselves, CryptoCon argues. from Cointelegraph.com News https://ift.tt/XqnLKth via IFTTT

In this interview, Noelyne Subma of Machankura recounts her Bitcoin journey and explains why Africa needs bitcoin access without the internet. bit.ly/3f7o14k http://dlvr.it/Sv5c7W

Bitcoin and altcoins perked up today, but is this rally nothing more than an oversold bounce? from Cointelegraph.com News https://ift.tt/nb47dw0 via IFTTT

Cypher announced that losses from the exploit will be distributed among users in an initial stage, then compensated through protocol revenue when the platform relaunches. from Cointelegraph.com News https://ift.tt/ZkwM8QD via IFTTT

The company also announced the launch of Kresus Connect, a Web3 portal for SuperApp. from Cointelegraph.com News https://ift.tt/eoKLqQd via IFTTT

The development bank founded by the BRICS bloc of emerging economies aims to promote a multipolar financial system, its head, Dilma Rousseff, has indicated. As part of these efforts, the institution seeks to expand lending in local currencies, those of member states in particular, such the South African rand and the Brazilian real. BRICS Development Bank Strives to Become ‘Bank Made by Developing Countries for Themselves’ The New Development Bank ( NDB ), set up by the BRICS group (Brazil, Russia, India, China, and South Africa), intends to increase lending in local currencies as part of efforts to reduce reliance on the U.S. but the wider objective is to change the global financial system, the bank’s Chair Dilma Rousseff explained in an interview. Speaking to the Financial Times, she stated: We expect to lend between $8 billion and $10 billion this year. Our aim is to reach about 30 percent of everything we lend … in local currency. Rousseff noted that the NDB plans to issue d...

Unstoppable Domains now allows owners of .crypto, .polygon and other Web3 usernames to send messages to each other through multiple messaging apps. from Cointelegraph.com News https://ift.tt/HZ7nruF via IFTTT

Educators need a “minimum-viable knowledge” framework to help newcomers appreciate what Bitcoin offers them. bit.ly/3f7o14k http://dlvr.it/Sv2z2y

The Central Bank of Brazil has issued a press release revealing details about “drex,” the Brazilian central bank digital currency (CBDC) formerly known as the digital real. The bank explained the need for a rebranding and detailed how it might revolutionize transactions with digital contracts for real estate and vehicles. Drex is expected to be launched next year. Central Bank of Brazil Rebrands Digital Real to Drex The Central Bank of Brazil has revealed the reasons behind the rebranding of the Brazilian central bank digital currency (CBDC), formerly known as the digital real, to drex. In a press release issued last week, the bank reported the new name was an acronym for “Digital Real Electronic,” with the X representing “modernity and connectivity.” Maurício Moura, Deputy Governor for Institutional Relations, Citizenship, and Conduct Supervision (Direc) at the Central Bank of Brazil, detailed the vision behind drex and how it will affect the lives of Brazilians. He stated : Dr...