OKEx Chief Executive Resigns Amid Cryptocurrency Trading Boom, International Expansion

The chief executive of one the world’s largest cryptocurrency exchanges has called it quits. Chris Lee, the head of OKEx, has resigned from the Hong Kong-based exchange just as it was executing major international expansion plans and was on track to become the most widely-used cryptocurrency trading platform. OKEx did …

Read More »

Zimbabwe Bans Banks from All Bitcoin Dealings

The Reserve Bank of Zimbabwe has banned financial institutions in the country from processing cryptocurrency transactions for cryptocurrency traders and investors despite growing interest in digital monetary assets in the country. “In order to safeguard the integrity, safety and soundness of the country’s financial system, and to protect the public …

Read More »

Cryptocurrency Market Drops $9 Billion, Bitcoin and Major Currencies Remain Volatile

The cryptocurrency market has dropped $9 billion over the past 24 hours after demonstrating a $30 billion increase in valuation from $370 to $400 billion. Bitcoin Struggle at $8,500 The bitcoin price has struggled to surpass the $8,500 mark on throughout May 14, even after surpassing $8,700 on May 13. …

Read More »

LG Subsidiary Launches Enterprise Blockchain Platform ‘Monachain’

The IT subsidiary of electronics giant LG has launched its enterprise blockchain platform that can be applied in a number of sectors including finance and manufacturing. Dubbed ‘Monachain’ by LG CNS, the in-house enterprise blockchain platform will reportedly focus its applicability in digital authentication, digital supply chain management, and digital …

Read More »

Opinion: Blockchain’s Scalability Problems Can Be Resolved by the Implementation of DAGs

Just as the range of social networks has expanded to a number of different platforms with different underlying attributes and capabilities, crypto platforms will proliferate for every kind of use case and requirement. Crypto technology is almost synonymous with blockchains, but this is rapidly changing and with important implications. The …

Read More »