Over $170M Withdrawn From Bitfinex in 12 Hours

According to some thoughts, this is a result of recent New York State Attorney General charges
26 April 2019   961

Over the past 12 hours, almost 19k BTC (more than $ 98 million at the current exchange rate) were withdrawn for unknown addresses, along impressive amounts in the ETH.

The first such large transaction at 3,999 BTC, was completed at 10:43:55 UTC on Thursday, April 25th.

Following it, another 13,377 BTC was withdrawn from the exchange on Friday morning, and then another 1,580 BTC.

The total number of coins withdrawn in these three major transactions thus amounted to 18,956 BTC.

For the same period, large sums in ETH were withdrawn from Bitfinex to unknown wallets.

There were six transactions with ETH, which Whale Alert drew attention to, and the total number of coins reached 501,864 ETH ($ 76.5 million at the current exchange rate). In addition, transactions were observed at 7.137.903 XRP ($ 2 million) and 1,500 MKR ($ 738.7 thousand).

It is not known whether all these transactions were initiated by the exchange itself or its users.

Bitcoinist believes that the reason for this situation is recent charges of covering $850M loss, brought by New York State Attorney General. The exchange itself denies these allegations, but the publication assumes that investors holding large sums on Bitfinex decided to withdraw them.

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   1029

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.