• 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.

  • Decentralized finance scams
    Alt coins

    DeFi ‘will soon run out of victims to fleece’

    Messari founder Ryan Selkis went on a twitter rampage yesterday, predicting that the decentralized finance ‘bubble’ will soon pop

    Decrying Ponzi economics, yield hopping, 50% APY yields and “rug pulls”—in which a project’s founder runs off with investors’ funds—Selkis warned that “a good rule of thumb” is that if a project’s promised payout “looks too good to be true, it is.”

  • Anchorage custody Oasis Network ROSE
    Alt coins

    Anchorage to custody Oasis Network’s ROSE coin

    The Visa-backed crypto custodian will give utility token’s owners the option of holding their assets in an environment that’s more secure than cold storage

    The California-based crypto company Anchorage has been chosen as the official custody partner for the Oasis Network’s utility token, ROSE. Anchorage, which counts Visa among its investors, is set to give ROSE token-holders the option of holding their assets in an environment that is both more secure and usable than what cold storage provides. When the Oasis Network’s mainnet launches, this cryptocurrency will enable the blockchain’s participants to initiate and approve transactions securely, vote on governance questions, and benefit from its Proof-of-Stake consensus mechanism. “We have been working with the Oasis Labs team building custody support, testing functionality against their testnets, and helping support their dry run mainnet exercises,” Diogo…

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