Bitcoin News — Okex

Markets Update: All Eyes on Bitcoin Cash Prices Before the Pending Fork

Posted by Jamie Redman on

Markets Update: All Eyes On Bitcoin Cash Prices Before the Pending ForkSince our last markets update five days ago, a lot has changed as a good chunk of the top cryptocurrency markets have dipped in value over the last three and a half days. Bitcoin cash markets touched a high of $638 on Wednesday, Nov. 7, but now prices are hovering around $544 per BCH on […]

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Cybersecurity Firm Ranks Safety of Top Crypto Exchanges

Posted by Helen Partz on

Russian cybersecurity firm Group-IB has graded top crypto exchanges by their security in order to value risk insurance.

Prominent cybersecurity firm Group-IB has graded the security of top crypto exchanges, U.S.-based tech news media the Next Web reported Tuesday, Nov. 6.

According to research conducted by the Moscow-based firm in partnership with crypto asset insurance platform CryptoIns, the Kraken platform is the safest crypto exchange. In contrast, OKEx — the now-second crypto exchange by daily trade volume — as well as Huobi Pro and CoinCheck are the riskiest crypto trading spots, the report says.

Per the Next Web, Group-IB made its determinations with a newly developed assessment system that calculates insurance premiums to cover cryptocurrencies held by major exchanges.

CryptoIns, which is supported by Swiss insurance broker ASPIS S, is now offering its insurance services to dozens of major crypto exchanges. The new insurance policy purportedly covers losses from “cyber-attacks on exchange software, theft, fraud and illegal actions of crypto exchange personnel.”

The risk assessment for crypto exchanges takes into account factors such as technical security levels, the reliability of basic storage, passwords, as well as clients’ personal data. The framework also considers risk management, as well as Know Your Customer (KYC) and Anti-Money Laundering (AML) policies.

Group-IB and CryptoIns have not released the precise metrics used when determining the security of an exchange, reportedly in the interests of maintaining confidentiality.

The issue of security on exchanges becomes increasingly important for adoption as more institutional players enter the space. As Cointelegraph previously reported, 31 crypto exchanges have been hacked over the last eight years — with an estimated $1.3 billion stolen.

Some crypto exchanges, like International Digital Currency Markets (IDCM) are using new technology like artificial intelligence (AI) to help its security efforts — and use technology which continuously monitors its network for suspicious activities.

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World’s Largest Crypto Exchange OKEx to Delist 50+ Trading Pairs Due to ‘Weak’ Performance

Posted by Ana Alexandre on

Top crypto exchange OKEx will delist almost 60 trading pairs that reportedly have weak liquidity and trading volumes.

Major Hong Kong-based cryptocurrency exchange OKEx will delist over 50 trading pairs with weak performance, according to an announcement published Oct. 25.

As per the announcement, at 6:00 am Oct. 31, 2018 CET, the exchange will halt the trading of a swathe of pairs that they cite as having weak liquidity and trading volume. The exchange warned users that they should cancel their orders of the affected pairs from the platform.

OKEx also made a point of noting that it will delist only the indicated trading pairs, but not the tokens themselves.

Andy Cheung, Head of Operations at OKEx, called the move “housekeeping” in a tweet today, Oct. 27, saying about OKEx and other top exchanges: “As leaders, we are responsible for promoting a robust ecosystem [...] We need to take action on those underperforming tokens now.”

In a tweet announcing the delisting yesterday, Cheung also noted:

“Getting listed is not final. Maintaining a good performance is the key to success.”

Earlier this month, OKEx announced the listings of four stablecoins at once – TrueUSD (TUSD), USD Coin (USDC), Gemini Dollar (GUSD), and Paxos Standard Token (PAX).

Founded in 2014, OKEx is at press time the world’s largest cryptocurrency exchange in terms of adjusted trading volume, seeing around $402.5 million in trades over the past 24 hours.

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Okex Cryptocurrency Exchange to Delist 42 Trading Pairs

Posted by Jeffrey Gogo on

Okex Cryptocurrency Exchange to Delist 42 Trading PairsHong Kong-based cryptocurrency exchange Okex will delist 42 trading pairs on Oct. 31 for failing to meet its listing requirements. Tokens such as iconomi, read and prochain, all paired with BTC, have been cited as having “weak liquidity and trading volume.” Okex said the move will create “a robust trading environment.” Also Read: Visa CEO Plays […]

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Order Speed Analysis Reveals the Fastest Cryptocurrency Exchanges

Posted by Kai Sedgwick on

Order Speed Analysis Reveals the Fastest Cryptocurrency ExchangesWhen you’re trading digital assets, speed matters — particularly so if you’re engaged in high-frequency trading, when every millisecond counts. Executing orders a fraction of a second ahead of the market can mean the difference between profit and loss. New data reveals which cryptocurrency exchanges are the fastest — and which are struggling to keep […]

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