Coinflex has partially repaid debts to SmartBCH Alliance Limited, including rvUSD, USDC and $1.6 million in bitcoin cash.
The value of bitcoin cash has surged by over 110% in the past week, outperforming other cryptocurrencies in the top 100.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Coinflex, the former cryptocurrency exchange responsible for the BCH to sBCH cross-chain bridge, has made partial repayments to SmartBCH Alliance Limited as part of its restructuring plans.
SmartBCH, a Bitcoin Cash sidechain compatible with Ethereum, received distributions from Coinflex, including approximately 4.28 million rvUSD , 652,000 USDC and 6,834 BCH , according to a . Of the USDC received, 80% has been swapped into bitcoin cash while reserving the remaining portion for legal and operational expenses. SmartBCH currently owns a total of 10,758 BCH.The repayment comes after a surge in the price of bitcoin cash, which has gained more than
over the last seven days, outperforming other major currencies in the top 100, according to CoinGecko data.Bitcoin Cash and other Bitcoin forks have particularly benefited from the rising crypto market following a flurry of spot bitcoin ETF