The recent purchasing behavior of institutional investors contrasts with that in 2020 and earlier, when “institutions exclusively favored altcoins that were at least four years old, such as Ether and Litecoin.” Cryptocurrency exchange Okcoin has reported the number of and trading volume of institutions surged significantly in the last year, driven largely by stablecoins and…
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“We are building the next generation of tools to help onboard the investors and traders who have been on the fence about crypto,” said Khairi Azmi. Singapore-based crypto lending platform Hodlnaut will partner with United States crypto exchange Okcoin in an effort to drive adoption and crypto transactions among users. In a Wednesday announcement, Hodlnaut…
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OKCoin cites actions antithetical to Bitcoin’s open ethos as the reason for delisting BCH and BSV While the original Bitcoin rallies past a $1 trillion dollar marketcap, two forks of the world’s most popular cryptocurrency have instead lost a source of liquidity as crypto exchange OKCoin delists BSV and BCH. In a blog post today,…
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Crypto industry concern mounts ahead of the likely introduction of a bill to ban retail traders from cryptocurrency activities in Hong Kong. Crypto industry actors in Hong Kong have been trying to push back against a forthcoming law that would restrict legal cryptocurrency trading to professional investors, locking out 93% of the local population from…
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What’s going on with Ether’s and Bitcoin’s recent price moves? A number of mainstream companies have picked up massive piles of Bitcoin (BTC) since summer 2020. Meanwhile, the asset surged past its 2017 record high near $20,000, recently cracking $34,000 before pulling back toward $27,700. The dip, however, has created some serious buying pressure, according…
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The new office will reportedly serve as a new hub for crypto traders in Asia and Oceania. One of the world’s oldest crypto exchanges now has an office in Singapore. According to an Oct. 8 announcement from OKCoin, the exchange is opening its doors to crypto traders in Singapore five months after getting the appropriate…
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Gold–BTC correlation drops 20% one week after hitting all-time high of 68%, correlation metrics are often misleading for investors. The Bitcoin (BTC) and gold one-month correlation reached a record high of 68% as Bitcoin hit $12,000 early in August, but the correlation crashed by 20% the following week. Despite this, Bitcoin looks set to become…
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OKCoin developer grants total over $500,000 with the latest grant going to Bitcoin’s most active contributor since 2017. Crypto exchange OKCoin has continued to support Bitcoin (BTC) Core developers with a fourth grant being awarded to Bitcoin’s most active contributor since 2017, Marco Falke for an undisclosed six-figure sum. This grant brings the total amount…
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OKCoin says recent U.S. regulatory clarity on digital asset custody is significant for big money players. Recent digital asset custody clarity from the U.S. Office of the Comptroller of the Currency, or OCC, will likely affect institutional investors more, according to OKCoin CEO Hong Fang. “The biggest impact will potentially be on institutional investors,” Fang…
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With Dogecoin’s price falling, OKCoin’s CMO says the TikTok-fueled asset pump appears over. Dogecoin’s (DOGE) price has fallen notably after social media enthusiasts promoted the asset for days on TikTok in an effort to send the asset to $1. The escapade shows signs of conclusion according to OKCoin CMO Haider Rafique. “The Doge/TikTok effect is really…
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