COIN BUREAU NEWSFLASH! – (26/09/22) Here are some of today’s m | Coin Bureau Insider

COIN BUREAU NEWSFLASH! – (26/09/22)
Here are some of today’s most important headlines:

CoinFlex’s Restructuring Plan Receives Overwhelming Support from Creditors in Early Voting

CoinFlex’s proposed restructuring plans have received overwhelming backing from creditors in the early hours of voting. After almost 5 hours of voting, the proposal has already received votes from tokens representing nearly 99% of creditor assets.

CoinFlex’s proposed restructuring plan will see creditors own 65% of the company's equity and employees allocated 15% to vest over time in a share option program. While Series A funding round investors will be wiped out, those who took part in the Series B round will remain shareholders.

https://www.theblock.co/post/172709/coinflex-creditors-overwhelmingly-back-restructuring-plan-in-early-voting

Interpol Issues Red Notice for Terra’s Do Kwon

According to South Korea Prosecutors, Interpol has issued a red notice for Do Kwon. The red notice is a request to law enforcement agencies worldwide to locate and arrest Do Kwon. The notice was issued just over a week after South Korean Prosecutors placed the request to Interpol on Sept 19. The request was made after Singaporean authorities stated that Kwon was not residing in the country and South Korean officials had no lead on his whereabouts.

https://www.bloomberg.com/news/articles/2022-09-26/south-korea-says-interpol-issued-red-notice-for-terra-s-do-kwon

Apple’s App Store Wants 30% Cut on NFT sales

According to reports, tech giant Apple is now allowing NFTs to be purchased and sold through apps that are listed on its app store as long as the app pays a 30% standard commission on in-app purchases. This figure is similar to the commission levied by Google Play, the app store for Android. This has led to many NFT marketplaces not allowing users to buy and sell NFTs through the app.

On the matter, Epic Games CEO Tim Sweeney tweeted,

“Now Apple is killing all NFT app businesses it can’t tax, crushing another nascent technology that could rival its grotesquely overpriced in-app payment service. Apple must be stopped.”

https://www.theinformation.com/articles/how-apples-app-store-policies-squeeze-nft-startups

Australian Pilot CBDC Test For eAUD To Commence Mid-2023

The Reserve Bank of Australia (RBA) has released a white paper outlining an elaborate plan for conducting a pilot project for eAUD (Australia’s CBDC). As a result of the collaboration between the RBA and the Digital Finance Cooperative Research Centre (DFCRC) last month, a project to test a general-purpose pilot CBDC was started. The collaboration focused on investigating CBDC use cases for Australia. The white paper released by the RBA states that the report on Australia’s CBDC pilot project is expected to be released in mid-2023.

https://cointelegraph.com/news/australian-pilot-cbdc-test-for-eaud-to-commence-mid-2023-rba-white-paper