OKEx Continues Their Ongoing OKB Token Buyback

OKEx Continues Their Ongoing OKB Token Buyback

Cryptocurrency exchange OKEx announced the eighth round of buyback for its platform’s proprietary OKB token.

In a June 5 announcement, OKEx announced the start of the eighth and largest buyback of OKB tokens. From March 1 until May 31, the exchange bought and burned over 3.5 million OKB tokens, which at its current price of $5.35, translates to a total value of over $18.7 million.

OKEx’s OKB buyback initiative was launched in early May 2019, when there were still 300 million of the tokens in circulation. After this last burn, a total of over 20.67 million OKB tokens were burned.

All the burns result in a current total number of tokens in circulation under 280 million OKB, for a market cap just short of $321 million. The burned tokens are sent to what OKEx fittingly calls a “black-hole address.”

Per the announcement, the purpose of the burns is not to influence the token’s price, but to instead encourage the development of an ecosystem based on OKB. In February 2020 OKEx also burned 700 million of unissued OKB tokens and promised to not issue any more tokens. The firm claims:

“This [decision] converted the OKB token into a fully deflationary token as well as the world’s first fully circulating platform token.”

In the future, OKEx promises that the tokens will be moved to their native blockchain, OKChain, but so far there’s just a test network. According to a March 2019 announcement, the firm is developing the blockchain and plans to also launch a decentralized exchange on it.

Since March, OKEx has been the world’s top Bitcoin (BTC) futures exchange by volume and is continuing to aggressively push to expand further.

Just yesterday, the exchange launched Ether (ETH) options contracts on its trading platform and announced that EOS options will be launched on June 18. The firm’s CEO, Jay Hao, told Cointelegraph that he believes derivatives are important for the crypto ecosystem:

“Derivatives are fundamental for the development of the crypto ecosystem and for attracting institutional funds. When you look at traditional markets, derivatives typically account for more than four times the trade volumes of the underlying asset. Yet, in crypto, spot trading is still much larger. That won’t be the case for much longer.”

Hao also told Cointelegraph that the firm’s derivatives market is three to four times bigger than its spot market. He also said that he expects that derivatives will soon become four or five times larger than spot markets in the whole crypto market. He concluded:

“Crypto has grown exponentially in the last few years yet compared to traditional markets and asset classes, it’s still tiny. We need a sophisticated, interesting, robust, and varied derivatives market to take crypto to the next level.”

Source: www.cryptobitnews.co.uk


Brave Comes Under Fire for Binance Affiliate Link Autofill

Brave Comes Under Fire for Binance Affiliate Link Autofill

Crypto-powered privacy-focused web browser Brave has come under fire for automatically filling an affiliate link into its address bar when a user attempts to access the website for leading crypto exchange Binance and its United States-based subsidiary Binance.US.

Brave’s co-founder and chief executive, Brendan Eich, has acknowledged the “mistake,” pledging that the error will soon be corrected to remove the automatic completion of its affiliate link after the situation gained traction on crypto Twitter.

“Brave default autocompletes verbatim Binance.us in the address bar to add an affiliate code. We are a Binance affiliate, we refer users via the opt-in trading widget on the new tab page, but autocomplete should not add any code,” tweeted Eich.

After gaining controversy on Twitter, Brave has announced it will remove a function that forcefully inserts the company’s affiliate link into its address bar when users access Binance’s website.

Eich thanked members of the crypto community for identifying the issue and providing feedback to the company, and sought to assure the community that the error will quickly be fixed.

 Eich said:

“The autocomplete default was inspired by search query clientid attribution that all browsers do, but unlike keyword queries, a typed-in URL should go to the domain named, without any additions,”

“Sorry for this mistake — we are clearly not perfect, but we correct course quickly,” he added.

Prominent crypto analyst, Whale Panda, also posted that the browser has been similarly inserting affiliate links into the address of users seeking to access top U.S.-based exchange Coinbase, and leading hardware wallet manufacturers Ledger and Trezor.

In recent days, Brave reported that its active monthly user base has exceeded 15 million — a more than 100% annual increase. Roughly one-third of Brave’s monthly users utilize the browser every day.

A recent episode of the Joe Rogan Experience podcast saw the host and guest Reggie Watts discuss internet-based operational security, with the pair advocating for Brave’s use.

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Source: www.cryptobitnews.co.uk


YEE Price Up 5.1% Over Last Week (YEE)

YEE Price Up 5.1% Over Last Week (YEE)

YEE logoYEE (CURRENCY:YEE) traded 1.7% higher against the U.S. dollar during the 1 day period ending at 19:00 PM ET on June 6th. One YEE token can now be purchased for approximately $0.0010 or 0.00000011 BTC on major cryptocurrency exchanges including DigiFinex, DEx.top, Huobi and FCoin. YEE has a total market cap of $1.40 million and approximately $77,423.00 worth of YEE was traded on exchanges in the last day. During the last seven days, YEE has traded up 5.1% against the U.S. dollar.

Here is how related cryptocurrencies have performed during the last day:

  • Crypto.com Coin (CRO) traded up 4% against the dollar and now trades at $0.10 or 0.00001081 BTC.
  • Huobi Token (HT) traded up 2.8% against the dollar and now trades at $4.44 or 0.00045924 BTC.
  • Maker (MKR) traded 3.7% higher against the dollar and now trades at $491.91 or 0.05093643 BTC.
  • Basic Attention Token (BAT) traded down 3.3% against the dollar and now trades at $0.24 or 0.00002447 BTC.
  • IOStoken (IOST) traded down 0.3% against the dollar and now trades at $0.0396 or 0.00000526 BTC.
  • OKB (OKB) traded 0.7% higher against the dollar and now trades at $5.40 or 0.00055925 BTC.
  • FTX Token (FTT) traded up 0.1% against the dollar and now trades at $2.97 or 0.00030771 BTC.
  • What future awaits cryptocurrencies?
    GOODBAD
  • THETA (THETA) traded 3.6% lower against the dollar and now trades at $0.27 or 0.00002813 BTC.
  • PlayFuel (PLF) traded 0.9% lower against the dollar and now trades at $0.41 or 0.00004250 BTC.
  • Binance USD (BUSD) traded down 0.5% against the dollar and now trades at $1.00 or 0.00010327 BTC.
  • YEE Profile

    Buying and Selling YEE

    YEE can be purchased on the following cryptocurrency exchanges: DigiFinex, Huobi, ABCC, CoinTiger, DEx.top, FCoin and OKEx. It is usually not presently possible to buy alternative cryptocurrencies such as YEE directly using US dollars. Investors seeking to trade YEE should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy YEE using one of the aforementioned exchanges.

    Receive News & Updates for YEE Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for YEE and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.

    Source: www.americanbankingnews.com

    Author: ABMN Staff


    US Crypto Exchange Coinbase Wants to Sell Blockchain Analytics Platform to the DEA and IRS

    US Crypto Exchange Coinbase Wants to Sell Blockchain Analytics Platform to the DEA and IRS

    The San Francisco-based crypto exchange Coinbase is offering a cloud-based platform dubbed Coinbase Analytics to the Drug Enforcement Administration (DEA) and the Internal Revenue Service (IRS).

    A heavily redacted DEA document regarding the possible acquisition of the blockchain analysis platform from Coinbase reveals the agency wants to use Coinbase Analytics to boost its capabilities to trace the movement of money.

    “Coinbase Analytics (CA) cryptocurrency intelligence tool provides investigators with identity attribution and [deanonymizes] virtual currency addresses domestically and internationally.

    CA is known for its accuracy of attribution which includes some of the most conservative heuristics used in commercial blockchain tracing tools. This is critical in avoiding [a] false positive during target identification.”

    Meanwhile, the IRS is looking to use Coinbase Analytics to catch up with people who use Bitcoin and other cryptocurrencies to obscure criminal activity.

    “Coinbase Analytics (fka Neutrino) allows for the analysis and tracking of cryptocurrency flows across multiple blockchains that criminals are currently using. Coinbase Analytics also provides some enhanced law enforcement sensitive capabilities that are not currently found in other tools on the market.”

    Last year, Coinbase announced the purchase of the blockchain-tracking platform Neutrino.

    The acquisition gave the crypto exchange the ability to comprehensively map blockchain networks and unmask suspicious transactions.

    Source: dailyhodl.com


    Origo (OGO) Trading 12.2% Higher Over Last 7 Days

    Origo (OGO) Trading 12.2% Higher Over Last 7 Days

    Origo (CURRENCY:OGO) traded up 1.9% against the U.S. dollar during the 24 hour period ending at 14:00 PM Eastern on June 6th. One Origo token can now be bought for approximately $0.0134 or 0.00000139 BTC on major cryptocurrency exchanges including Bilaxy, Bittrex and Hotbit. Origo has a market cap of $5.82 million and $1.29 million worth of Origo was traded on exchanges in the last 24 hours. Over the last week, Origo has traded 12.2% higher against the U.S. dollar.

    Here’s how other cryptocurrencies have performed over the last 24 hours:

  • Crypto.com Coin (CRO) traded 2.8% higher against the dollar and now trades at $0.10 or 0.00001081 BTC.
  • Huobi Token (HT) traded up 0.6% against the dollar and now trades at $4.39 or 0.00045546 BTC.
  • Maker (MKR) traded up 7.4% against the dollar and now trades at $474.42 or 0.04927371 BTC.
  • Basic Attention Token (BAT) traded 2.3% lower against the dollar and now trades at $0.24 or 0.00002473 BTC.
  • IOStoken (IOST) traded down 0.3% against the dollar and now trades at $0.0396 or 0.00000526 BTC.
  • OKB (OKB) traded 0.1% lower against the dollar and now trades at $5.40 or 0.00056081 BTC.
  • FTX Token (FTT) traded 1.2% lower against the dollar and now trades at $2.96 or 0.00030773 BTC.
  • THETA (THETA) traded 5.4% lower against the dollar and now trades at $0.27 or 0.00002841 BTC.
  • PlayFuel (PLF) traded down 2% against the dollar and now trades at $0.41 or 0.00004244 BTC.
  • Binance USD (BUSD) traded down 0.1% against the dollar and now trades at $1.00 or 0.00010393 BTC.
  • Origo Token Profile

    OGO is a token. Its genesis date was June 18th, 2018. Origo’s total supply is 708,333,334 tokens and its circulating supply is 433,724,106 tokens. Origo’s official Twitter account is

    Origo Token Trading

    Origo can be bought or sold on these cryptocurrency exchanges: Bilaxy, Hotbit and Bittrex. It is usually not presently possible to purchase alternative cryptocurrencies such as Origo directly using U.S. dollars. Investors seeking to trade Origo should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Origo using one of the aforementioned exchanges.

    Receive News & Updates for Origo Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Origo and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.

    Source: theolympiareport.com

    Author: Mark James


    OKEx Continues Their Ongoing OKB Token Buyback

    OKEx Continues Their Ongoing OKB Token Buyback

    Cryptocurrency exchange OKEx announced the eighth round of buyback for its platform’s proprietary OKB token.

    In a June 5 announcement, OKEx announced the start of the eighth and largest buyback of OKB tokens. From March 1 until May 31, the exchange bought and burned over 3.5 million OKB tokens, which at its current price of $5.35, translates to a total value of over $18.7 million.

    OKEx’s OKB buyback initiative was launched in early May 2019, when there were still 300 million of the tokens in circulation. After this last burn, a total of over 20.67 million OKB tokens were burned.

    All the burns result in a current total number of tokens in circulation under 280 million OKB, for a market cap just short of $321 million. The burned tokens are sent to what OKEx fittingly calls a “black-hole address.”

    Per the announcement, the purpose of the burns is not to influence the token’s price, but to instead encourage the development of an ecosystem based on OKB. In February 2020 OKEx also burned 700 million of unissued OKB tokens and promised to not issue any more tokens. The firm claims:

    “This [decision] converted the OKB token into a fully deflationary token as well as the world’s first fully circulating platform token.”

    In the future, OKEx promises that the tokens will be moved to their native blockchain, OKChain, but so far there’s just a test network. According to a March 2019 announcement, the firm is developing the blockchain and plans to also launch a decentralized exchange on it.

    Since March, OKEx has been the world’s top Bitcoin (BTC) futures exchange by volume and is continuing to aggressively push to expand further.

    Just yesterday, the exchange launched Ether (ETH) options contracts on its trading platform and announced that EOS options will be launched on June 18. The firm’s CEO, Jay Hao, told Cointelegraph that he believes derivatives are important for the crypto ecosystem:

    “Derivatives are fundamental for the development of the crypto ecosystem and for attracting institutional funds. When you look at traditional markets, derivatives typically account for more than four times the trade volumes of the underlying asset. Yet, in crypto, spot trading is still much larger. That won’t be the case for much longer.”

    Hao also told Cointelegraph that the firm’s derivatives market is three to four times bigger than its spot market. He also said that he expects that derivatives will soon become four or five times larger than spot markets in the whole crypto market. He concluded:

    “Crypto has grown exponentially in the last few years yet compared to traditional markets and asset classes, it’s still tiny. We need a sophisticated, interesting, robust, and varied derivatives market to take crypto to the next level.”

    Source: blog.total.exchange

    Author: by Total Exchange


    OKEx Continues Their Ongoing OKB Token Buyback

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