Proposed re-organization plan provides a pathway for a specific class of debtors to pool assets to create a new, offshore exchange.

The bankruptcy administrators have filed a proposed plan that would see a possible restart of FTX.com.

The re-booted exchange would only be available to offshore customers.

FTT token holders would get nothing, under the plan.

Defunct crypto exchange FTX has proposed to organize its creditors into different classes of claimants, and has provided a pathway for one class of claimants to restart the FTX exchange with third-party investors – should the group agree to it.

#ftx #relaunch #international #customers #cryptoonindia

A fairly specific introduction to the topics that can be discussed at #JacksonHole

Broadly speaking, there are three opinions.
1. Quicker (Let's go 2% faster with more tightening)
2. Slower (Let's do it slowly, why are you so busy?)
3. Moving goal (let's just change the goal to 3%)

Of course, I don't think there will be any conclusions from this meeting, but after thinking about it, maybe, isn't the reason for bringing up the 3% story to make "Slower" a better option? I think that.

If the voice of the second Slower wave is strong, it will be a scenario where interest rates can be cut by the end of next year, while maintaining interest rates at the current level, looking at the situation. And just, in this case, inflation goes up to 2%, which could take 3 years.
I think it's time for us to adapt to 3 percent #inflation.

#Bitcoin #Ethereum #international

- Ripple released a video featuring Brendan Berry, the head of payments product management, discussing core concepts in the payments sector: Cost, Speed, and Reliability.

- In domestic payments, these issues are generally well-addressed, but international payments face challenges due to friction between different systems.

- Berry highlights problems with #international payments: higher transaction costs, reduced reliability due to multiple systems, and slower transaction speed due to complexity.

- He explains that #blockchain technology, including cryptocurrency, is designed to address these payment issues. Blockchain enables global fund transfers, near-instant payments, reduced transaction costs, and enhanced reliability due to decentralization.

- Berry concludes by emphasizing that blockchain can transform payments by making them instant, cost-effective, and highly reliable.

$XRP