Bitfinex to Offer Equity to BFX Token Holders through BnkToTheFuture
Bitfinex has signed a letter of intent with BnkToTheFuture to allow qualified BFX token holders to exchange their BFX tokens for equity. Bitfinex, the troubled cryptocurrency exchange which recently faced a hacking incident has signed a letter of intent with BnkToTheFuture. This letter of intent marks the beginning of a cooperation between the cryptocurrency exchange and the well-known digital currency based investment platform. Following the latest development, both Bitfinex and BnkToTheFuture will work together to facilitate the conversion its customers’ losses into equity in the....
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Bitfinex has announced that it has formally signed a letter of intent with the online investment platform BnkToTheFuture to provide solutions towards compensating customers with equity in Bitfinex. The BnkToTheFuture platform for financial innovation and technology investment opportunities will be providing a Special Purpose Vehicle (SPV) through which qualifying BFX token holders can contribute their tokens in exchange for an equity interest in compliance with their individual jurisdictions. Exchanging BFX tokens for equity in iFinex Inc. Following a hack on its system on August 2 and....
Bitfinex customers may soon have a way to convert the digital assets they were issued following the exchange's decision to socialize losses into equity in the company. Weeks after a debilitating hack, Bitfinex has signed a letter of intent with UK investment platform BnkToTheFuture that finds the two firms collaborating to enable the redemption of BFX tokens for equity in iFinex Inc, its British Virgin Islands-based parent company. Introduced when the exchange came back online on 11th August, BFX tokens are meant to make up for the 36% customer losses imposed after the incident. Issued to....
Those who managed to accumulate some tokens during these dips will be more than pleased with their investments. Ever since Bitfinex unveiled their BFX token, the markets have gone through ups and downs. Initially priced at US$1 per token, the prices started to plummet rather quickly. Its lowest point was around the 25-cents range, although this has improved again over time. The rumours of being able to convert these tokens to an equity take in iFinex Inc are driving up the price, it seems. Volatile Charts Were To Be Expected. It has to be said; the BFX token has been going through its ups....
Simon Dixon from BnkToTheFuture is an ex- investment banker, trader & stock broker who left that industry in 2006 to help make the financial system stable, sustainable and inclusive to all. Simon has spent the last four years creating BnkToTheFuture which is a global online investment platform for investors who are looking to invest in the future of Finance. The very best FinTech and Financial innovation companies come to BnkToTheFuture. Since launch BnkToTheFuture.com has raised over $7 Million for companies. BnkToTheFuture offers investors something that other crowdfunding cannot offer.....
Bitfinex has announced that many of its largest BFX token holders have agreed to exchange over 20 million BFX tokens for equity in the company, marking a step in its recovery following the August theft of approximately 119,756 bitcoins valued at more than $70 million. The equity consists of shares of Bitfinex’s owner, iFinex Inc. “This is a significant step towards the recovery and stabilization of our company,” said Philip Potter, the company’s chief strategy officer. “ He added: We are very pleased with this highly favorable trend of conversions. Since the theft more than two months ago,....