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Decentralized finance (DeFi) has seen parabolic growth since the start of 2020, with the total value locked in these contracts, largely based on Ethereum, rising from $1 billion to $12 billion now.
The crypto industry was struck with another unexpected development last night that sent shockwaves throughout the market and caused Bitcoin’s price to reel lower.
Cryptocurrency exchange OKEx has suspended withdrawals from its platform indefinitely, as one of its multisig key holders has been held in police custody.
Three major crypto exchanges listed Aragon’s ANT tokens yesterday, causing an immediate price bump and frantic Google searches for what the protocol does.
The huge crypto crash that took place on Sunday could have been much worse if it weren’t for OKEx’s risk engine.
OKEx has come a long way.
OKEx announced the launch of its own blockchain and a decentralized exchange.
While Bitcoin’s drop below $8,000 caused a stir in the market, OKEx says the downfall will most likely be short-lived.
OKEx launched an initiative to develop a global compliance standard for cryptocurrency exchanges.
Malta-based cryptocurrency exchange OKEx launched a cryptocurrency-focused Bitcoin Perpetual Swap product on December 3, 2018, during a press conference attended by CryptoSlate.
In a recent controversy brought to light by Amber AI, Hong Kong-based cryptocurrency exchange OKEx has been allegedly engaging in “market manipulation and fraud,” impacting $400 million in trades.
OKEx, the second biggest crypto exchange by daily trading volume, officially announced the decision to engage in a forced liquidation to settle a massive long contract.
The tiny Mediterranean island of Malta is fast becoming a mecca for the blockchain industry. Just three weeks after Binance announced their intention to set up an operational base in Malta, the world’s second-largest crypto exchange, OKEx, has said that it intends to expand operations to the island.