Blockchain Exec Joins Largest Chinese Exchange OKCoin
Changpeng Zhao, Blockchain's former Head of Development, has left the company after a few months to become Chief Technical Officer at China's largest bitcoin exchange, OKCoin. Zhao said that, while many might be surprised at his move, for him it was a simple decision: "OKCoin is already the best bitcoin exchange in China, if not in the world. We plan to make OKCoin truly international. OKCoin has the best technology platform, safest security measures, and above all the best team. We also have highest volume and liquidity, the fastest deposit and withdraw processing, and the best customer....
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One name that crops up whenever recovery plans for Mt. Gox are mentioned is one of China's largest bitcoin exchanges, OKCoin. That's probably for a good reason. On an as-yet-unofficial basis, the company is known to be interested in backing its own team in Japan to put Gox back on its feet and take some steps towards making creditors whole. OKCoin CEO Star Xu told CoinDesk during a recent interview in Beijing that the idea had been suggested to him by some Japan-based friends, and that he personally thought resurrecting the once-dominant exchange and attempting to return its customers'....
Updated with comment from OKCoin regarding the analysis of the campaign. Notably, the campaign saw around half a million new accounts being opened, according to the exchange. The company said: "The campaign lasted for roughly a week, with a consistent engagement from the domestic market. OKCoin's red envelopes gave away a total of 10 million RMB, making this the largest initiative on Chinese soil." The digital-only giveaway, which stems from the Chinese tradition of exchanging red envelopes containing money, was conducted through the WeChat messaging app account of the exchange's OKLink....
Former OKCoin chief technology officer Changpeng Zhao has hit back at allegations that he forged a contract at the center of a dispute between bitcoin entrepreneur Roger Ver and the Chinese bitcoin exchange. "I signed version 7 of the contract with Roger. It was sent via email with my PGP signature. I do not recall a version 8," he wrote. "With either version of the contract, OKCoin is seriously violating its obligations." Zhao alleged that OKCoin artificially inflates its volume through the use of bots that engage in self-trading, manipulated the results of its August 2014....
Today marks a special day: The first day that newcomer international Bitcoin exchange OKCoin.com has had a higher daily Bitcoin volume than all other exchanges. In the last 24 hours, OKCoin.com has transacted nearly 16,000 BTC, compared with Bitstamp's ~14,700 BTC and Bitfinex's ~15,100 BTC. OKCoin.com is the international arm of OKCoin. OKCoin also runs OKCoin.cn, a Chinese Bitcoin exchange that also has high volume CNY/BTC trading but does not charge fees (the Chinese norm). Whether or not OKCoin's lead in 24-hour Bitcoin volume will persist until tomorrow is anybody's guess. However, it....
OKCoin, a cryptocurrency exchange that offers trades between Bitcoin (BTC), Litecoin (LTC), US Dollar (USD), and Chinese Yuan (CNY), has added margin trading to its iOS and Android apps. “In our continued efforts to build the world’s best retail and institutional blockchain asset exchange, OKCoin has added margin trading to its iOS and Android Apps. OKCoin.cn CNY users can trade on up to 5x margin while OKCoin.com USD users can trade on up to 3.3x margin. Thanks for your feedback and continued support of OKCoin. We hope you like it!” added OKCoin in a statement. OKCoin released the....