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Tag: OKEx

Cryptocurrency Exchange OKEx Launches Perpetual Swap Product to Expand Trading Suite

Category: Exchange, Finance, News

Cryptocurrency Exchange OKEx Launches Perpetual Swap Product to Expand Trading Suite

South Korean cryptocurrency exchange OKEx launched its perpetual swap trading product in Seoul on December 3, 2018, during a press conference attended by BTCManager. Burgeoning Crypto-Finance Domiciled in Malta, OKEx described the product as a significant addition to its growing list of crypto-centric trading products and financial tools. With the launch, institutional investors and retail traders can leverage bitcoin to…

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OKEx Settles Bitcoin Cash Contracts Early, Infuriating Crypto Traders

Category: Bitcoin, Blockchain, Exchange, Finance, Investment, News, Tech

OKEx Settles Bitcoin Cash Contracts Early, Infuriating Crypto Traders

OKEx, the second largest cryptocurrency exchange by daily trading volume, recently infuriated traders, as many suffered significant losses after the early close of Bitcoin Cash contracts. According to Bloomberg’s article published on November 19, 2018, while OKEx’s decision was not illegal, it was highly unusual and highlights the dangers of participating in an unregulated industry. OKEx Justifies Early Delivery On…

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Binance Signs MoU with the Maltese Stock Exchange to Kickstart a Security Token Exchange

Category: Altcoins, Bitcoin, Blockchain, Exchange, Finance, Investment, News

Binance Signs MoU with the Maltese Stock Exchange to Kickstart a Security Token Exchange

According to a report by The Times of Malta, published on September 11, 2018, cryptocurrency exchange giant Binance has effectively signed a memorandum of understanding (MoU) with the Malta Stock Exchange to launch a new digital platform for security tokens. The agreement was approved by the Malta Stock Exchange chairman Joe Portelli and Binance chief financial officer Wei Zhou. MSE…

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Shanghai Police Question OKEx Founder Star Xu over Alleged Investment Fraud

Category: Altcoins, Crime, Exchange, Finance, News, Tech

Shanghai Police Question OKEx Founder Star Xu over Alleged Investment Fraud

The founder of cryptocurrency exchange OKEx has been taken into custody by Shanghai police officials after allegedly being involved in a fraudulent scheme regarding the WFEE Coin, Sina Finance reported on September 11, 2018.  Xu Put Through Questioning, His Business in The Clear Star Xu is currently assisting officers in Shanghai investigate fraudulent activity on the part of the WFEE…

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Binance, Huobi, OKEx, and Dunamu Come Together for $32 Million Stablecoin Project

Category: Altcoins, Blockchain, Business, Development, Finance, Investment, News

Binance, Huobi, OKEx, and Dunamu Come Together for $32 Million Stablecoin Project

Binance, Huobi, OKEx and Dunamu (the company behind Korean crypto exchange Upbit) have announced plans to partner on a  $32 million stablecoin project called ‘Terra.’ According to an August 28, 2018 report in Fortune, the purpose of Terra is to get skeptical consumers into the crypto space by offering them a digital asset that does not suffer from the legendary…

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OKEx and Malta Stock Exchange Join Forces to Develop a Security Token Trading Platform

Category: Exchange, News, Regulation

OKEx and Malta Stock Exchange Join Forces to Develop a Security Token Trading Platform

The Maltese government continues its bid to attract cryptocurrency investors to Malta, this time by entering into a joint venture with digital asset exchange, OKEx. On July 19, 2018, an official statement on OKEx’s blog confirmed that the exchange has partnered with Malta Stock Exchange Holdings. The Memorandum of Understanding (MoU) between the two parties was signed in Valletta, Malta….

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Tether Rumored to Face Double-Spend Attack, Research Firm Clears Allegations

Category: Altcoins, News, Tech

Tether Rumored to Face Double-Spend Attack, Research Firm Clears Allegations

Controversial stablecoin Tether faced allegations of a double spend attack on May 30, 2018, after a Chinese cybersecurity firm revealed findings of a code audit. However, additional reports suggest the contrary. Tether’s Neverending Controversy SlowMist, the blockchain security firm which made the original claim, confirmed in a tweet on June 28, 2018, the code vulnerability was due to exchange integration…

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Blockchain ETFs Steadily Gaining Preference among Investors; OKEx ETFs Launched

Category: Altcoins, Bitcoin, Blockchain, Finance, News, Tech

Blockchain ETFs Steadily Gaining Preference among Investors; OKEx ETFs Launched

Among whispers of state-backed cryptocurrency exchanges making the rounds, blockchain Exchange Traded Funds (ETFs) offered by traditional finance behemoths are showing great promise. While the concept could have been unimaginable a few years ago, 2018 offers four ETFs dedicated to blockchain technology. Blockchain ETFs on the Rise While the emerging financial instrument has received largely mixed results from investors, there…

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OKEx CEO Abruptly Quits Citing Personal Reasons

Category: Altcoins, Bitcoin, Business, Finance, News

OKEx CEO Abruptly Quits Citing Personal Reasons

In an abrupt and shocking turn of events that few could see coming, Chris Lee, the person leading the world’s largest cryptocurrency exchange OKEx, has stepped down from his position as the Chief Executive on March 14, 2018. All Smiles upon Confusing Departure Details are somewhat sketchy at this point as Hong Kong-based OKEx has yet to release an official…

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The UK Has the Most Crypto Exchanges, Accounts for Only One Percent of Global Trading Volume

Category: Altcoins, Bitcoin, Finance, News, Regulation, Tech

The UK Has the Most Crypto Exchanges, Accounts for Only One Percent of Global Trading Volume

Morgan Stanley, the investment giant, has published a report that examines the global cryptocurrency trading landscape. The report is part of the detailed research carried out by the company on the online exchange market of which has been in the midst of a resurgence since recent weeks. This revival comes after a difficult start to 2018 where regulatory crackdowns led…

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