A Bitcoin-Exchange OKEx Is Looking for a New CEO 426

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.

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Are Nasdaq and Gemini More Than Partners? 319

nasdaq and gemini are uniting

The representatives of crypto exchanges Gemini and Nasdaq had a closed meeting during which they discussed the possible cooperation in the future.

However, it turned out that the cooperation is too weak of a word in this situation, the exchanges might become a joint venture. This will be beneficial for both of the exchanges, since they will become more liquid and will be able to list more digital coins.

The information came from an anonymous source. He/she stated:

Nasdaq and Gemini have gotten very, very comfortable with each other.”

We would like to remind you that there were rumours that the Winklevoss brothers tried to bribe authorities to get an approval for Gemini.

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Ripple Is Partnering Up With Bittrex and Two More Exchanges 354

ripple adds three crypto exchanges

The project Ripple has recently been very active in terms of cooperation. Not so long ago it invited Bill Clinton as a speaker for their conference and helped Madonna with her charity campaign. This time it announced about the partnership with 3 crypto exchanges.

Bittrex (The United States)

– Bitso (Mexico)

– Coins.Ph (The Philippines)

https://twitter.com/CoryTV/status/1030093091410247680

According to the chief marketing strategist of Ripple, those exchanges were chosen due to the efficient amount of XRP tokens on their accounts.

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Buterin, Winklevoss and Others: The Future of the Digital Currency World According to Major Crypto Personalities 798

experts opinions on crypto

The crypto world has entered the new stage of its development, it has always been volatile, but these couple of weeks have been absolutely crazy: coins are jumping up and down, Bitcoin ETF is on its way, blockchain is taking over the world.

No doubt, crypto specialists and financial experts have a lot to say. Today we came up with a compilation of sayings from the stars of the cryptocurrency universe that we found particularly interesting and important.

The CEO of the crypto exchange Gemini, Tyler Winklevoss believes that the acceptance of cryptocurrency in the world as a means of payment equal to fiat will not happen in the next couple of years:

The vast majority of Wall Street firms are still not participating in the cryptocurrency market, which remains primarily a retail-driven market. This will change over time, but it will take time.

Pantera Capital’s CEO is way more optimistic on this issue. He sees great potential in the blockchain technology, and digital coins, according to him, are “superior form of currency.

Ethereum’s founder Vitalik Buterin wants cryptocurrencies to become more user-friendly and common in the everyday life. He also thinks it may become possible only in case the proper regulatory framework for crypto is developed by the state governments.

I want to be able to walk into a convenience store, get a card and pay a small fee to start using Bitcoin Cash,” he said.

The last, but certainly not least, is the CEO of BitMEX, Arthur Hayes, who has some serious doubts concerning Ethereum. According to his calculations, the price of the world’s #2 coin will drop lower than $100.

It is this moment,” he added, “that Ether goes from a 3-digit to a 2-digit shitcoin.

Although we are sure that experts know what they are talking about, the crypto world is way too unpredictable. We can only wait and see whether the abovementioned predictions turn out to be true or not.

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Andreas Antonopoulos Criticized Bitcoin ETF 627

opinion on bitcoin etf

The well-known author of books about Bitcoin and the founder of his own Bitcoin-business Andreas Antonopoulos published a Youtube video where he expressed his opinion about Bitcoin ETF and explained why they cause so much sensation.

I’m going to burst your bubble. I know a lot of people really want to see an ETF happen because ‘too the moon’ and ‘lambos’ and all that. I think it’s a terrible idea. I still think it’s going to happen… I’m actually against ETFs,” he said.

Antonopoulos explained that he understands why many people are so impressed by the idea of Bitcoin ETF:

Everybody’s so excited about ETFs because what we’ve seen in other markets is that when an ETF becomes available—as we saw in gold—the price really increases dramatically as suddenly that commodity becomes available to a lot more investors and these investors pile on. But the other side of it is that there’s always these claims that the commodities markets are heavily manipulated and opening up these exchange-traded instruments only increases the ability of institutional investors to manipulate—especially [in the case of] large market makers—the prices of commodities, not just in the markets where it’s traded as an ETF but more broadly,” he clarified.


We remind you that the SEC postponed the decision upon Bitcoin ETF until September.

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The Former CEO of Paypal: Bitcoin Is Eventually Going to Go A Whole Lot Closer to Zero 700

bitcoin's future is not bright

The ex director of Paypal Bill Harris is known for his scepticism and harsh comments aimed at Bitcoin. He even called it “the greatest scam in the history”. This time CNBC interviewed Harris to find out whether his opinion on the world’s #1 digital coin has changed.

According to the businessman, Bitcoin is supposed to be “instant, free, scalable, efficient, secure, globally accepted and useful”, and it fails to fulfill all of those characteristics. Harris believes that there is “no value” in BTC.

He has also mentioned that there is no need in solving the problem of Bitcoin scalability, because we don’t need Bitcoin at all.

Look how difficult it is to get money from one country across the border to another. It’s slow, it’s expensive, it’s all those things. Agree. You don’t need Bitcoin, you don’t need XRP, you don’t need any of that to solve that problem. What you need is faster networks.

Unlike many of his colleagues, Bill Harris has way more trust in conventional fiat currencies due to their relative stability which cannot be said about Bitcoin.

In conclusion he summed up his thoughts by saying:

Bitcoin makes no revenue, no profitability.

Frankly speaking, the current CEO of Paypal Dan Schulman agrees with Harris on this issue, although Paypal might change its opinion on BTC if it becomes more stable.

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OKEx Will Delist 28 Cryptocurrency Pairs 758

okex delists crypto pairs

On carrying out thorough monitoring, the team of the crypto exchange OKex announced the delisting of 28 trading pairs.

On August 17, 2018, the following cryptocurrencies will be excluded from the listing of the platform:

USDT Market: LA, READ, SNM

ETH market: UTK, WRC, QVT, SAN, UBTC, DNT, OAX

BTC market: UBTC, BCX, BT2, WBTC, UKG, LA, SAN, ATL, REQ, BRD, SNM, VEE, TIO, REF, UTK, WRC, QVT, DNT

The developers of the exchange plan to continue delisting low-quality projects in the future.

We remind you that OKEx announced that it would pay $460 million to cover unforeseen losses of traders.

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