• Bitcoin rebounds after OKEx freeze
    Bitcoin

    Markets Report: Bitcoin rebounds after OKEx freeze accelerates $11K drop

    News that OKEx had stopped withdrawals from its 200,000 BTC vaults brought volatility to Bitcoin, but a rebound is already on the way.

    Bitcoin was on course for modest weekly gains on Oct. 16 as fresh downside took the market ever closer to $11,000 support. After hitting $11,700, this week saw BTC/USD consolidate higher, but unforeseen circumstances sparked sudden selling pressure Friday.

  • 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.”

  • OKEx ether derivatives
    Ethereum

    Derivatives exchange OKEx targets small investors with real-time data

    The crypto exchange has partnered with data analytics site Skew to provide real-time data for ether derivatives, hoping to make the financial product less ‘intimidating’

    Top cryptocurrency derivatives exchange OKEx announced a new initiative aiming to make its ether (ETH) derivatives more transparent and easier for average investors to understand.

  • 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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