A Bitcoin-Exchange OKEx Is Looking for a New CEO 110

A Bitcoin-Exchange OKEx Is Looking for a New CEO

According to Bloomberg, one of the largest Bitcoin-exchanges was left without a CEO. This post used to be occupied by Chris Lee.

Chris Lee resigned just when the stock exchange started a large-scale international expansion and took the leading position in terms of the volume of trades sold in one day.

Bloomberg received an email describing the reason for Chris Lee’s resignation. The message stated that the former CEO of the company left the workplace due to personal reasons, which also include the desire to “start a new life.”

Chris’s representative commented on the situation, noting that he just wants to take a break from his career, switching his attention to the family. After a pause, Lee will return to work in the blockchain community.

There has been no information so far on who take up the vacancy in the company.

Earlier, the OKEx exchange was named OKCoin and was located on the territory of China. It also enjoyed wide popularity among the world’s trading platforms. As a result of pressure from the authorities of the country, the exchange was forced to move to Hong Kong, where it received the current name.

The volume of trade transactions within the exchange in just one day exceeded $2.1 billion, which is more than the one of the Binance exchange ($1.9 billion) which has exactly the same demand.

We remind you that the representatives of the exchange made an announcement in April, which told about the opening of a new office in Malta. In their opinion, it will positively affect the profitability of OKEx.

Subscribe to The Coin Shark news in Twitter: https://twitter.com/the_coinshark

Previous ArticleNext Article

The Japanese bank MUFG Will Launch Its Own Cryptocurrency 160

The Japanese bank MUFG Will Launch Its Own Cryptocurrency

After loud statements by Buffett and Gates concerning cryptocurrency, it seemed that at least the state institutions of countries would refuse from it, but a Japanese bank Mitsubishi UFJ Financial Group still decided to acquire its own cryptocurrency, MUFG Coin, in 2019.

“Regarding the speculation (in) media reports, these reports are not based on any announcement by MUFG, and the details have not been decided,” the bank’s spokesman said in an emailed statement to Reuters. “However we can only say that it’s true that MUFG is conducting demonstration experiments on the ‘Coin’ within the company utilizing a blockchain technology.”

According to NHK Japan, the digital currency MUFG Coin will be tested for suitability in several regions of the country. 100,000 people who are associated with the company will be able to participate.

Representatives of the bank will provide an opportunity for users to use the cryptocurrency as a means to pay for goods and services in shops and institutions. The bank’s digital currency can be transferred to the accounts of those who participate in the project. If the idea is successful, then MUFG will be the first Japanese bank that has its own digital currency.

The MUFG coin can be used exclusively in Japan. In the world market it can be traded in pairs at non-financial currency exchanges instead of USTD (Tether cryptocurrency, tied to the dollar).

Those people who have downloaded and installed an application that automatically converts deposits into MUFG Coin will be able to take part in the test of the new currency. The cost of one coin is equal to one yen.

We remind you that the management of Mitsubishi UFJ Financial Group announced its intention to launch a  cryptocurrency exchange with the national currency, as well as a service with split Bitcoin-accounts.

Subscribe to The Coin Shark news in Twitter: https://twitter.com/the_coinshark

Cryptocurrency Advertising Was Banned on the Bing Search Engine 71

Cryptocurrency Advertising Was Banned on the Bing Search Engine

According to Investing, the search engine Bing, which belongs to the largest corporation Microsoft, will no longer display ads on cryptocurrencies, blockchain technology and products related to digital currency.

“Because cryptocurrency and related products are not regulated, we have found them to present a possible elevated risk to our users with the potential for bad actors to participate in predatory behaviors, or otherwise scam consumers.” wrote Melissa Alsoszatai-Petheo, a Bing advertiser policy manager, in the announcement. “To help protect our users from this risk, we have made the decision to disallow advertising.”

The updated policy on financial products and services will go into effect worldwide in June, and the enforcement will begin in late June or early July. Although Bing is not the most popular search engine, but the market of cryptocurrencies reacted to the news with a fall.

We remind you that earlier such global media, as Facebook, TwitterGoogle and YouTube refused to display ads of cryptocurrencies.

Subscribe to The Coin Shark news in Twitter: https://twitter.com/the_coinshark

%d bloggers like this: