• OKEx Jay Hao DeFi viable alternative
    Alt coins

    EXCLUSIVE: OKEx CEO Jay Hao calls DeFi “viable alternative” to traditional finance

    As it lists Uniswap’s super hot UNI governance token, the CEO of the leading crypto derivatives exchange says decentralized finance has “limitless potential”

    In an email interview on the same day OKEx listed Uniswap’s super hot UNI governance token, Hao told Modern Consensus that he has high hopes for the DeFi ecosystem as a whole.

  • OKEx UNI trading derivatives
    Alt coins

    OKEx lists UNI for trading, derivatives

    Shortly after listing eight DeFi tokens in a single day, OKEx has launched of a full suite of trading products based on Uniswap’s UNI governance token

    According to a Sept. 18 announcement, OKEx allows UNI deposits and withdrawals, alongside trading against ether (ETH), bitcoin (BTC) and U.S. dollar-backed stablecoin tether (USDT). OKEx also announced a range of trading products for the hot decentralized finance (DeFi) token, including margin, swap trading, coin-margined perpetual swap and savings.

  • Treasury sanctions phishing Russians
    Cryptocurrencies

    U.S. Treasury sanctions two Russian men for stealing $17M in crypto

    U.S. authorities seized crypto assets stolen through a phishing scheme by two Russian hackers, and imposed sanctions similar to those used against hostile regimes, drug kingpins

    Aside from seizing or freezing “all property and interests in property” from sanctioned persons, under the law “U.S. persons generally are prohibited from dealing with them,” according to the OFAC website. The Secret Service also seized millions of dollars in cryptocurrencies and cash allegedly stolen in the sophisticated phishing and spoofing attacks by Russian national Danil Potekhin in 2017 and 2018, which was subsequently laundered by Dmitrii Karasavidi.

  • launch of Ethereum 2.0
    Ethereum

    Lead developer formally proposes launch of Ethereum 2.0

    The moment that the Ethereum community has been waiting for finally seems at hand: The move to a faster, more energy efficient proof-of-stake blockchain has begun

    Ethereum 2.0 will move the No. 2 cryptocurrency’s blockchain from a Bitcoin-style, energy-hungry, proof-of-work (PoW) consensus mechanism to a faster, more energy efficient proof-of-stake (PoS), in which blocks are confirmed by validators who essentially post a bond to ensure good behavior.

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