Bitcoin price falls below $4300

After a great surge up to $5000 Bitcoin price finally falls drastically 
04 September 2017   1375

The whole cruptocurrency community has been taking its breath watching the bitcoin price surge for the several days. However, just two days after achieving a historic high of over $5,000, the price has fallen below $4,300.

Bitcoin price chart on coindesk.com Bitcoin price chart on coindesk.com

According to the data provided by coindesk.com, Bitcoin started the session at $4,631, until around 07:00 UTC, when a sharp drop was observed taking the cryptocurrency to a low of $4,345 for the session.

At the time of writing, the price is about $4222 and Bitcoin's market capitalization is $69,850,102,721.

Bitcoin charts on coinmarketcap.com Bitcoin charts on coinmarketcap.com

The Bitcoin price fall corresponds to a general drop in the cryptocurrency markets. Thus, the data reveals that most digital assets are down today:

Cryptocurrency list on coinmarketcap.com Cryptocurrency list on coinmarketcap.com

As shown, Ethereum is down 15.61%, Litecoin is down 15.61% and Monero has dropped 12.60%.

OKEx Ex-CEO to Intend to Raise $40M

Funds are needed for the new exchange called ACDX, which will offer  futures, options, revocable bear/bullish contracts and more
06 February 2020   559

Andy Cheung, who until recently was the operating director of the OKEx cryptocurrency exchange, will open a new derivative trading platform ACDX by the end of the first quarter, CoinDesk reports. The exchange will offer its clients futures, options, revocable bear / bullish contracts, debt contracts and fixed coupon notes.

One of our main goals for the exchange is to provide retail investors with ... structured products that are more commonly used by accredited crypto investors and wealth managers.

 

Andy Cheung

Former chief operating officer at OKEx

In the future, ACDX plans to reach a global level, but first of all it will gather a client base in Asia, using the connections of Cheung and partners in Hong Kong and China. In preparation for the launch, she intends to raise $ 40 million through the sale of tokens and shares in her business to crypto funds, private investment firms and family capital management companies in Europe and Asia. 

We have over $4 million so far and most of the money comes from our own funds. We are in talks with potential investors and likely to announce new investments in the next two months.

 

Andy Cheung

Former chief operating officer at OKEx

To date, ACDX has hired more than 25 employees, including eight developers who are preparing the trading platform for launch.