OKEx

Bitcoin (BTC) suffered a significant dip in its price, dropping by more than 11% overnight. This dip took the market by storm, with over $1.6 billion liquidated in exchanges within 12 hours.  Bitcoin (BTC) Price Drops Sharply after ATH Bitcoin has been enjoying steady gains in the past two weeks after a reasonably stable end to January. Buoyed by solid fundamentals, the leading coin's price surged past the $50k on February 16 to herald a new bull run.  Since then, BTC's price…

Bitcoin (BTC) failed at its first attempt to hit $50,000 after hitting a new all-time high on Sunday. The sharp correction that occurred in today's early hours has led several crypto traders to count their losses.  Bitcoin Hits New All-time High Before Correction Buoyed by the news of potential adoption by financial institutions, the price of Bitcoin enjoyed positive gains during the weekend. Starting at $46,000 on Friday, bitcoin continued to make steady upward movements.  On February 14, the leading…

The long-awaited dump happened today, as leading coin Bitcoin suffered a major dip that crashed the market. This downward movement affected all the leading coins, with Ethereum and Ripple losing 14% and 20% in value, respectively. Bitcoin drops below $17,000 Before this latest crash, Bitcoin had entered a fairly stable phase after seven consecutive weeks of linear increase. There had been expectations from traders that the coin could hit the $20,000 mark this week, but this changed in today's early…

Popular cryptocurrency exchange OKEx has resumed withdrawal activities after more than five weeks of suspending the service.  On October 16, OKEx suddenly halted withdrawals saying that it had lost communication with one of its private key holders. The exchange said it had to suspend the service because it needed authorization from the key manager.  Reports at the time revealed that the private key holder was the exchange's founder Mingxing "Star" Xu, arrested by the Chinese police. Sources familiar with the…

Major cryptocurrency exchange OKEx announced today that it halted all withdrawal services. This is coming after the exchange lost touch with the Founder Star Xu, one of the exchange’s private key managers. Xu was reportedly taken away by the police and is cooperating with the authorities in an investigation. Following the event, the company said it couldn’t communicate with him, hence the suspension. “One of our private key holders is currently cooperating with a public security bureau in investigations where…

OKEx always has exciting giveaways for its customers as an extra way of claiming more cryptos. The platform is holding another giveaway in collaboration with Crypto Adventure, where you can trade and earn yourself a 10 USDT airdrop. The promotions will begin on 10:00 10th August to 24:00 29th August 2020 (UTC). Recently, OKEx achieved 200,000 followers on Twitter, and it did not fail to appreciate the love of the OKEx community. Users have a chance to win limited edition…

Blockchain technology has brought numerous innovations, one of them being Decentralized Finance (DeFi). DeFi platforms are the next generation of financial primitives to transform "traditional" financial services such as borrowing, trading, lending, payments, and investing. These platforms employ open-source software and composable frameworks, i.e., smart contracts to offer financial services with no border limitations and in a trustless and transparent manner with no intermediaries present.  DeFi was the hottest topic in the blockchain space in 2020. Today, over 200o DeFi platforms…

Anyone hanging around the crypto space in 2023 will recall the meteoric rise of all crypto assets, BTC and ETH, especially, which peaked at $69,000 and $4,500, respectively. The entire bull run was by the BTC halving, ETH's rampant innovation, and, most importantly, the DeFi and NFT craze. Since then, the crypto market has been in a 1-year-long recovery phase, with thousands of projects leaving the scene and even more coming up. Since the bull run, one of the leading…

Crypto futures are derivative products in the form of a contract. Two parties commit to either sell or buy a cryptocurrency on a specific date in the future at a predetermined price. In essence, Crypto futures allow traders to speculate on the future magnitude and cost of an Asset. The trading volume of crypto futures has grown rapidly since the Chicago Board Options Exchange launched the first Bitcoin futures contract in 2017 (Cboe). So let's look at the best exchanges for…