• OKEx suspends withdrawls_viaOKEx
    Cryptocurrencies

    OKEx suspends crypto withdrawals as private key holder co-operates in investigation

    Crypto markets were spooked by the middle-of-the-night announcement—with OKEx’s utility token OKB falling more than 15%

    Stressing that its customers’ assets remain secure, the company added: “In order to act in the best interests of customers and deliver exceptional long-time customer service, we have decided to suspend digital assets/cryptocurrencies withdrawals … We assure [you] that OKEx’s other functions remain normal and stable.”

  • Binance has control of Uniswap
    Alt coins

    Binance has control of Uniswap’s ‘decentralized governance’ system: report

    The Uniswap team and Binance could both take control of the DeFi token’s “decentralized governance” system, powered by the UNI token

    Uniswap decided to decentralize its protocol governance to compete with the Sushiswap fork, but a new report suggests protocol control will remain centralized for quite a while. Crypto research firm Glassnode suggested in a Sept. 24 report that Uniswap’s governance decentralization will be for appearances only. In the paper, Glassnode explains that Uniswap’s UNI governance token was introduced as an answer to Sushiswap’s SUSHI governance token. The issuance of the decentralized finance (DeFi) token is presumably  a measure meant to ensure that the original protocol remains competitive against its newer fork. Still, the report claims that Uniswap’s  “transition toward token-based governance via the UNI token falls far short of true…

  • crypto traders invest only in crypto
    Cryptocurrencies

    Most crypto traders invest only in crypto: Survey

    Cryptocurrencies are the primary investment instrument of crypto retail traders, who are comfortable with volatility

    only one-third of retail crypto traders invest in stocks and just 8% of them hold fixed income products like bonds. Furthermore, just about a quarter of the polled crypto investors has invested in other assets such as real estate, investment funds and forex. The research concludes that “Cryptocurrencies are the predominant asset class for this investor segment.”

  • 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.

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