OK Group Retires ‘Okcoin’ for Global Upgrade to ‘OKX’
Okcoin will share the same name as OK Group’s other crypto venture, OKX, formerly known as OKEx. Okcoin was established in 2013. OK Group, a major cryptocurrency exchange operator, continues to transform its business by rebranding its crypto ventures as “OKX.” Hong Fang, chief operating officer at OK Group and president of OKX, announced the […]
Alameda Minted $39.55B USDT, 47% of Tether’s Current Supply
Sam Bankman-Fried’s Alameda Research ordered enormous USDT mints in 2021, as chain data flagged by Coinbase director Conor Grogan indicated. Alameda Research redeemed over $38 billion in Tether tokens in 2021 despite not managing the corresponding amount of assets, according to blockchain data flagged by Coinbase director Conor Grogan . According to Grogan, the total […]
SBF Looks into FTX Lawyer’s Actions in $200M Alameda Loans
Sam Bankman-Fried’s legal team is requesting permission to cross-examine Gary Wang regarding the involvement of FTX attorneys in Alameda loan approvals. Sam Bankman-Fried’s legal team is requesting permission to investigate the alleged involvement of FTX attorneys in issuing $200 million in loans from Alameda, which Gary Wang approved. A court ruling issued on October 1 precluded […]
Wirex Creates Non-custodial Crypto Debit Card Using ZK-Proofs
Wirex introduced its crypto debit card for the first time in 2015 and currently claims over six million customers. Wirex, a provider of crypto payment services, has announced the launch of W-Pay , a zero-knowledge proofs-based non-custodial crypto debit card service. Wirex’s new decentralized solution employs Zero-Knowledge technology based on Polygon’s Chain Development Kit (CDK), […]
Visa Exec Says Crypto Cards Made $3B in Payments Volume
Visa executive Akshay Chopra discloses that the company’s partnerships with cryptocurrency exchanges have facilitated payments worth billions of dollars. According to a Visa executive, integrating traditional payment cards with cryptocurrency exchanges plays a crucial role in promoting the adoption of digital assets. During a panel at the Blockchain Economy Dubai Summit, Visa’s vice president, chief […]