OKCoin Reveals Security Policy: Sets Standard for Operational Transparency
On Friday, Star Xu, CEO of trading platform OKCoin, published his company's security policy in a Reddit thread. "OKCoin has decided to openly share [its] cold wallet security information. Through this transparency, OKCoin aims to assure users of the security of their funds," the post stated. Xu then encouraged members of the community to contribute....
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The ‘big three’ Chinese exchanges – BTC China, OKcoin, and Huobi – have been ramping up their offerings to customers and have demonstrated their desire to expand into lucrative western markets. In a follow-up to our previous interview with OKcoin, this time we got the chance to talk with the CTO of the Beijing-based exchange, Changpeng Zhao, who shared his thoughts on his company’s recent audit, the NY state BitLicense and a whole lot more. CoinTelegraph: OKcoin has revealed it has 104% reserves when it underwent an audit last month. Why did you decide to do this audit and are you looking....
Trading volumes reported by exchanges in Asia became a talking point again over the past weekend, after some companies altered the way trades are counted on bitcoin futures markets. The latest issue arose last week when OKCoin's manager of foreign operations Zane Tackett posted a thread on reddit's 'Bitcoin Markets' page, titled "You might have noticed OKCoin futures volume experienced a sudden rise (doubled) over night, here's why". OKCoin, Tackett wrote, had noticed competitors 796.com and BitVC (a subsidiary of Huobi) were employing a counting method that regards a single bitcoin traded....
There exists a security problem inherent to Bitcoin’s transparency that needs to be addressed by the community.
The bitcoin trading platform OKCoin is currently down and has been for more than 12 hours according to a reddit user. When visiting OKCoin.com you will receive a Cloudflare error as seen below: There has been reports claiming that the servers OKCoin uses are undergoing Emergency Maintenance due to abnormalities caused by server interruptions. For more than eight hours ago OKCoin sent out a tweet saying their platform would be temporarily inaccessible. The tweet is now creating outrage among some of their followers. Let's hope the maintenance is over soon so OKCoin's clients can access....
Standard Chartered Chief Innovation Officer Anju Patwardhan is the latest senior banker to praise the potential of the blockchain technology behind Bitcoin as a way to cut costs and improve transparency for financial transactions, Finextra reports. Standard Chartered is a British multinational banking and financial services company headquartered in London. It operates a network of more than 1,700 branches and outlets (including subsidiaries, associates and joint ventures) across more than 70 countries and employs around 87,000 people. Patwardhan has 25 years of banking experience, with....