14 Korean Exchange to be Vulnerable

Test was ran by authorities from September to December 2018, covered exchanges on 85 criteria
11 January 2019   1020

The authorities of South Korea summed up the results of checking 21 cryptocurrency exchanges for compliance with security requirements. According to its results, only seven sites - Upbit, Bithumb, Gopax, Korbit, Coinone, Hanbitco and Huobi Korea - received a positive conclusion from regulators, writes CoinDesk.

The test, which ran from September to December 2018, covered Bitcoin exchanges on 85 criteria. In particular, regulators were interested in administrative, network, system and operational security, as well as the presence of database backups and features of wallets management.

According to the Ministry of Economy and Finance, 14 trading platforms were recognized as “vulnerable to hacker attacks” due to “inadequate network security management.” At the same time, the regulator did not disclose the names of these platforms.

DEAPCOIN IEO to be Held at OKEx on 8.04

The project is planning to raise $2M a the price of 1 DEP on IEO will be $ 0.0025
25 March 2020   1020

OKEx Exchange announced Wednesday the 11th initial exchange offering (IEO). It will be conducted by the DEAPCOIN Project (DEP) and will be held on April 8th.

As in previous OKEx campaigns, the selection of participants and the selection of the allocation coefficient will be carried out according to two criteria: the average daily balance of OKB and the trading volume on the exchange. For each of the groups, allocation of 400 million DEP tokens is allocated.

The price of 1 DEP on IEO will be $ 0.0025. Thus, the project intends to attract up to $ 2 million from OKEx users. Trading in USDT and USDK pairs will start on the same day.

The DEP token was released by DEAPCOIN to shape the economy around the PlayMining entertainment platform they are developing, where users can earn cryptocurrency during games. DEP is presented as an ERC-20 standard token, while game items on the blockchain will use the ERC-721 standard.

Despite the generally negative dynamics of the IEO space recently, the token of the previous placement of the OKEx platform - HyperDAO - that passed at the end of February is currently trading almost 3 times higher than the initial selling price.