Gemini resolved Bitcoin withdrawals issue

Gemini cryptocurrency exchange reported that the issue was solved after having countinuously experienced problems with Bitcoin deposits and withdrawals
09 January 2018   870

In the beginning of January 2018, Gemini, a New York based digital asset exchange and custodian that allows customers to buy, sell, and store digital assets, has several times reported having issues with Bitcoin deposits and withdrawals.

The problems were related to a delay in block mining on the Bitcoin Network, and the users of the exchange were not able to deposit or withdraw money, while the exchange stated that all customers' assets remained secure, and the network recovery was expected soon.

At the moment of press, these are main market parameters of Bitcoin:

  • Average price: $15 370,30
  • Marketcap: $258 086 934 132
  • 24h volume: $18 602 400 000

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   122

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.