New CEO to be appointed at Tokyo Financial Exchange

Japanese futures exchange - Tokyo Financial Exchange (TFX) declared Nobuyuki Kinoshita will take over from outgoing CEO Shozo Ohta at the end of June
08 June 2018   1473

Shozo Ohta will be replaced by Nobuyuki Kinoshita (he is presently with Aflac Life Insurance Japan). Ohta’s departure and Kinoshita’s appointment will first have to be authorised by shareholders at the general meeting on the 26th of June. This announcement goes after a positive month of trading for TFX. The volumes significantly increased in FX as Japanese investors put their money into the Turkish Lira. Exept for an April dip in trading, driven by volatility shortering, the company has recommended itself well in 2018.

As supposed, Kinoshita will enter a company that does not need any crisis management but demands a reliable chief to provide it maintains its current performance levels. Kinoshita should be up to the task if mention his wealth of experience. 

He has worked for the past four years in the Japanese division of American insurance giant Aflac. Within this period of time, he acted as senior advisor of the firm and was responsible for investigations and disseminating information on the Japanese financial system. Before this, Kinoshita was Secretary General of the Securities and Exchange Surveillance Commission (SESC). The SESC operates a regulator for the securities and futures markets in Japan.

The outgoing TFX CEO has been in the sphere of financial services for almost 50 years. He was employed since TFX in 2002, when the company was still known as The Tokyo International Financial Futures Exchange. He has kept his present function for about 10 years, having been appointed as CEO in 2009.

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   1002

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.