China suppresses exchanges in WeChat

Social media platform bans the official accounts of the OKex following the ICO ban
06 March 2018   1304

Chinese government reportedly tightens its grip on all cryptocurrency activity in the country. Today WeChat according to a local news outlet Caixin blocked an official account of OKex exchange. Upon accessing any posted links, a notification plainly states:

The platform may have violated relevant laws and regulations after being reviewed per users' complaints. The account is currently blocked and content is not available.



OKCoin originally was a significant player in the cryptocurrency exchanges platform in China. It operated on crypto-to-crypto basis. Due to the ICO ban in China, the exchange moved overseas into OKex. Consequently, to sustain constant communication it used WeChat for information distribution. The messaging app developer company denies any involvement in the incident.

As of the present moment another major platform Huobi that is also located overseas remains active at WeChat. Huobi continues to be available in mainland China and to list new ICOs and in doing so taunts the Chinese established measures. Chinese regulators are allegedly looking for means to enhance the 'crypto-ostracism' by blocking the IP addresses of the overseas cryptocurrency exchanges.

tZERO to Launch Bitcoin Trading App

Application itself is being developed by Bitsy; it may also begin to support Ethereum in the future
22 March 2019   167

The security tokens platform tZERO announced plans to launch a mobile application for buying and selling bitcoin. In the future, the application may also begin to support Ethereum,  CoinDesk reports.

According to Saum Noursalehi, CEO of tZERO, applications for iOS and Android devices should be launched in June. Bitsy is developing it, a cryptocurrency start-up that is part of the portfolio of the Overstock venture division of Medici Ventures.

That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app. They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login. 

Saum Noursalehi

CEO, tZero

According to him, the application will allow you to store cryptocurrency without the need to trust third parties and it will be connected to the network of exchanges through the API. The implementation of this plan will occur through partner tZERO, the institutional trading platform SFox.

In the future, the head of tZERO added, the platform also intends to create its own cryptocurrency vault to meet the demand from users.

The public beta testing of Bitsy wallet started in November 2018. With his help, the Overstock retailer plans to launch Bitcoin sales on its website.