The 2021 alt season may have kicked off with Ethereum’s high OI. Currently, the open interest in Ethereum is higher than $3.5 Billion. It is a rare occurrence that a bullish trend emerges so clearly in Ethereum, but Bitcoin’s price rally has supported the trend. During the past weekend, the OI broke all records and...Read More
Users withdrew a record 29,300 BTC from OKEx after the Malta-based cryptocurrency exchange resumed withdrawals yesterday. This comes after bitcoin (BTC) price kickstarted its epic freefall dropping to levels near $16,500 before bouncing back up again. But what is the reason behind the massive bitcoin exodus out of OKEx? OKEx Sees Significant BTC Withdrawals And...Read More
Over a month after suspending deposits and withdrawals from its platform, the popular cryptocurrency exchange OKEx has announced plans to reinstate those services by November 27th. CryptoPotato reported in mid-October that OKEx co-founder Xu Mingxing had been taken away by police officers and was still missing. The exchange halted withdrawals and deposits, claiming that a...Read More
After almost a month of zero completed withdrawals, OKEx has announced that it is opening its withdrawal services. There were rumors about the release of founder Xu Mingxing after which the OKB token experienced a 13% jump. However, there was no confirmation about it. Today, as per the announcement by OKEX, one of its “private...Read More
One of the most popular blockchain projects, TRON, had undergone an attack by a malicious contract earlier today. Company CEO Justin Sun detailed the events in a recent tweet, reassuring users and developers that the system and all assets are “absolutely safe.” TRON’s Mainnet Attacked TRON’s founder and CEO took it to Twitter to explain...Read More
If I told you back in March that six months later, Bitcoin would be trading at over $13,000 while the biggest derivatives exchanges’ executives were indicted by U.S authorities and the biggest crypto-to-crypto exchange suspended withdrawals, you’d have laughed me out of the room. Yet, here we are. OKEx, one of the world’s largest cryptocurrency...Read More
Cryptocurrency exchange OKEx has shared an update today again declaring that its users were safe and that it would resume trading from 12:00 pm UTC onwards for certain fiat pairs such as CNY, INR and VND. It further added that the exchange will be reactivating its ‘Buy Crypto’ fiat gateway at the aforementioned time. However,...Read More
Bitcoin has overcome the recent price dip beneath $11,300 and currently hovers around $11,400. Most alternative coins have displayed relatively strong performances and the total market cap increased over the weekend. Bitcoin Back To $11,400 Bitcoin traded around $11,350 yesterday after a calm 24-hour period despite potentially impactful news coming from the popular cryptocurrency exchange...Read More
The drama around OKEx started on Friday when news broke that the popular exchange had suspended all withdrawals from the platform. Almost immediately, the cryptocurrency market reacted with price drops. Bitcoin lost about $350 in a few hours. Shortly after, reports emerged that OKEx co-founder Xu Mingxing was taken by police officers over a week...Read More
Following yesterday’s $350 price lost for Bitcoin, the asset has remained relatively calm around $11,350. Most larger-cap altcoins have also seized the free-falls with Ethereum trading near $370 and Ripple above $0.24. Bitcoin Sits Tight Around $11,350 News broke out yesterday that police officers had taken away the founder of the popular cryptocurrency exchange OKEx....Read More
Another week passed on the cryptocurrency market, and it surely wasn’t a boring one. The cryptocurrency started off strong, causing many to believe that it might finally breach the coveted $12,000 mark. However, the excitement was short-lived because, just today, news broke out that the founder of OKEx, one of the primary cryptocurrency exchanges, has...Read More
Bitcoin, despite its recent sideways movement on the charts, has a very positive outlook attached to it. Hodlers of the cryptocurrency have long been optimistic about BTC’s long-term price trend. However, with the MicroStrategy, Square Inc., and Stone Ridge’s news breaking out over the past few weeks, it would seem that institutions, en-masse, are buying into...Read More
A few hours ago, global cryptocurrency exchange giant OKEx halted withdrawals much to the chagrin of traders and investors. Bitcoin prices fell as a response to additional reports of founder Xu Mingxing being arrested over a week ago. However, what should be more concerning is the amount of BTC held by the exchange’s wallets. Data...Read More
One of the most popular cryptocurrency exchanges, OKEx, suspended withdrawals earlier today, which led to lots of confusion within the community and price slumps for the market. CryptoPotato reached out to OKEx personnel, including CEO Jay Hao, to shed some light on the entire situation. In the original statement, OKEx reasoned that the withdrawal suspension...Read More
Bitcoin continues to struggle and has dropped by another 1% to about $11,300. The alternative coins bleed out and have wiped out most of the recent gains. These developments could be attributed to news that the popular exchange OKEx has seized withdrawals and is cooperating with a “public security bureau in investigations where required.” Bitcoin...Read More
Leading crypto-exchange OKex has suspended all digital assets and cryptocurrency withdrawals indefinitely until further notice. The issue in question is that one of the exchange’s private key holders is “currently cooperating with a public security bureau in investigations where required.” According to reports, OKex has been out of touch with the concerned private key holder...Read More
Analyzing Bitcoin on-chain data and market behaviors, a collaborative report published by OKEx insight – the research division of OKEx crypto exchange – and blockchain data firm Catallact reveals that smart money investors and institutional players may have been buying BTC since the COVID-19 outbreak. On the Bitcoin blockchain, as the amount of BTC being...Read More
Stablecoins have added $100 million a day in market capitalization over the past three months. Tether has contributed to this market cap with a trading volume that is 1.84 times that of Bitcoin as of September 7, 2020. However, this is only the tip of the iceberg. Tether reserves on exchanges, that were primarily used...Read More
OKEx has become one of the largest cryptocurrency exchanges in the past several years. The company’s growth is continuously emphasized by the trading volume and the growing user base. CryptoPotato recently had the opportunity to do an exclusive interview with the CEO of the company – Jay Hao.Hao spoke of the challenges OKEx has to...Read More
The expiry of contracts worth $80M on 28 August 2020 was accompanied by a 3.29% change in Ethereum’s price on spot exchanges. Usually, major expiry events such as this affect the price of Ethereum since they bring about change in liquidity, Open Interest, and Put/Call ratios. However, off-late, the relationship between the expiry of contracts...Read More
The popular cryptocurrency exchange OKEx has double-down on its DeFi-related endeavors by listing several new assets from the field. Company CEO Jay Hao promised that OKEx will continue to observe and act accordingly to the growing DeFi trend. OKEx Lists 8 DeFi Tokens The Malta-based spot and derivatives cryptocurrency exchange announced the addition of eight...Read More
Binance, Houbi, and OKEx have revealed that they will support Qtum’s new offline staking feature, enabling users of the world’s largest exchange to earn QTUM rewards simply for hodling. Binance’s decision to support Qtum staking is a significant boost for the smart contract network as it embarks on a new phase in its development. In...Read More
Consider this – Exactly three months ago, the TVL locked in DeFi was well under $1 billion. At the time of writing, the same figure was closing in on $7 billion, with DeFi’s market cap north of $14.5 billion. The differential over the three months is just one of the metrics that tell us how...Read More
The popular cryptocurrency exchange OKEx will launch a peer-to-peer trading platform in India today. Local users will be able to purchase digital assets with Indian rupees (INR) with zero transaction fees. OKEx Opens A P2P Platform In India According to a study compiled by OKEx and Coinpaprika earlier this year, the Supreme Court decision to...Read More
Following the latest impressive pump in the price of Dogecoin, largely attributed to the influx of TikTok-inspired traders, two major exchanges have added perpetual futures contracts for the coin. This allows users to essentially short DOGE with very high leverage. Dogecoin Receives The Spotlight As CryptoPotato reported yesterday, Dogecoin surged by over 100% in less...Read More
Despite world economies still feeling the adverse effects of the COVID-19 pandemic, most stock markets have recovered from the March losses, and some are even charting new highs. This has raised speculations that Bitcoin’s price may head south, and OKEx CEO Jay Hao recently offered his answer on the matter. Jay Hao Examines The Stock...Read More
Binance, the world’s largest cryptocurrency exchange, has announced its plans to roll out a COMP/USDT Perpetual Contract. This is coming barely two weeks after the COMP governance token was launched by DeFi largest protocol, Compound Finance. Trading COMP With 50x Leverage Starting tomorrow, Tuesday, June 30 at 09:00 AM (UTC), Binance Futures traders will be...Read More
According to recent reports, the Ministry of Finance in India has proposed to ban digital assets. The move comes only three months after the nation’s Supreme Court revoked a two-year-old ban. India Changes Its Mind On Crypto (Again)? A local report from today informed that India’s Ministry of Finance had moved a note for inter-ministerial...Read More
Data from the crypto analytical firm Skew.com shows that bitcoin options are maturing much faster than the futures markets launched in December 2017. Skew’s data shows that the open interest in bitcoin options has risen significantly in the last few months. Bitcoin options “are starting to play catch up with the more mature futures market,”...Read More
Cryptocurrency derivatives trading volume reached a new monthly all-time high in May 2020, surpassing the previous record recorded in March, recent research indicates. Volumes on regulated exchanges such as CME soared as well for both futures and options trading. Crypto Derivatives Monthly Volume ATH According to the report by CryptoCompare, the monthly trading volume of...Read More
