Bitcoin has experienced some market volatility in the last few days while the Altcoin market is currently down. The Altcoin winners are IQ, GTO, and Sushi. Most of all there seems to be resistance to the price of Bitcoin going beyond the 20,000 USD point. Read more about what's going on in the market at OKEx Academy.
Jay Hao the CEO of OKEx did an AMA on the withdrawal pause and other questions about OKEx. Here are some questions that were asked at the AMA:
- We have undergone an immense challenge. However, it seems that everything moved in a positive direction. Can you tell us what happened exactly? How did it impact the platform operations?
- Rumor has it that the recent withdrawal suspension was a result of an accusation of money laundering from the Chinese authorities. How can you alleviate users’ concerns regarding these rumors?
- With the coming reopening of withdrawals, I heard that OKEx has prepared a series of user rewards programs. Jay, can you tell us more?
Check out the link to see what Jay had to say to these questions... and more!
OKB Buy Back and Burn
Today OKEx did it's largest buy back of OKB and burned 10% of it's tokens; the largest burn they have ever done. OKB is a deflationary token and OKEx is following through with that by reducing the number of tokens. This makes OKB quite different from the global finance system that practices qualitative easing and infinite inflation.