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Cryptocurrency deposit withdrawals are still suspended at the OKEx exchange following a founder’s recent arrest, but officials with the Malta-based company are moving ahead with other matters, including planning around an upcoming hard fork on the Bitcoin Cash blockchain. Source
Read MoreCrypto exchange OKEx announced that both its fiat-crypto purchase capabilities and P2P outlet have reopened. Withdrawals still remain closed, however."The OKEx P2P platform will resume trading on Oct. 21, 12:00 pm (UTC) for CNY, INR and VND fiat pairs, and the Buy Crypto fiat gateway will also be reactivated at
Read MoreMajor exchange OKEx suspended crypto withdrawals on Oct. 16. With little information coming from the firm or its CEO Jay Hao in the time since, users have begun demanding answers via Twitter.In an Oct. 20 tweet from Hao, the CEO stated that there had been “no on-chain out-flow” since the
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This week saw more exchange drama rock the crypto markets. OKEx, one of the industry’s largest crypto-fiat exchanges, suspended all cryptocurrency withdrawals, saying one of the exchange’s key holders has “been out of touch” with the exchange because they are “currently cooperating with a public security bureau in investigations.” Coming hard on
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Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers! Top Stories This Week Calm before the storm? Analyst says $20,000 Bitcoin is possible in three monthsBitcoin volatility has fallen to a 16-month low, indicating that a sharp move is on the
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Quick take:OKEx has halted all crypto withdrawalsOne of the exchange’s private key holders is currently with authorities regarding an investigationCrypto outflows from OKEx are at zeroThe current incident is a reminder to crypto users that storing funds in CEXs is risky because they don’t own their private keysDeFi could benefit
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OKB, the native exchange token for OKEx, has lost nearly an additional 20% of its market value Saturday, bringing its total drop to roughly 30% since the second-largest cryptocurrency derivatives exchange suspended withdrawals early Friday morning due to a keyholder being “out of touch”. Source
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When will we ever learn? Not your keys? Not your coins. On Friday morning as the OKEx withdrawal-freeze story twisted and turned, CryptoX’s editors had an off-the-cuff discussion about the fundamental realities and unique challenges of security for even the largest exchanges. Source
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Bitcoin rebounded from an OKEx-related drop; ether options traders may be beacon chain bearish. Bitcoin (BTC) trading around $11,327 as of 20:00 UTC (4 p.m. ET). Slipping 2% over the previous 24 hours.Bitcoin’s 24-hour range: $11,199-$11,623BTC below its 10-day moving average but above the 50-day, a sideways signal for market technicians.Bitcoin
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Uniswap’s UNI token has been closely tracking Bitcoin and the entire crypto market over the past few days
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