Headlines
Exclusive: OKCoin and OKEx Share Close Operational Ties, Including Management Teams
Despite OKCoin's statement claiming that Xu Mingxing is "not a legal person, director, or shareholder of OKEx," Odaily Planet Daily has uncovered evidence from the "OKEx 9.5 Contract Incident Rights Protection Group" revealing deeper connections. Key findings include:
- Shared Customer Service Teams: Both platforms utilize joint customer support teams based in Ireland, Russia, and Singapore.
- Overlapping Leadership: OKEx’s Operations Director Zhang Jiangyao and Business Development VP Liu Jujiang also hold executive roles at OKCoin.
- Edited Team Pages: OKEx has since removed all references to OKCoin from its official team profiles.
Cryptocurrency Updates
Huobi CEO Li Lin Publicly Backs Xu Mingxing
On September 13, Li Lin reposted OKCoin’s official statement on social media with the caption, "Don’t believe rumors; don’t spread rumors."
Binance’s Zhao Changpeng on Coinbase’s Growth: "Not Competition, But Mutual Progress"
Responding to tweets about Coinbase’s trading volume surpassing Binance, Zhao emphasized the industry’s collaborative expansion:
- Shift in Market Dynamics: Fiat-to-crypto trades now exceed crypto-to-crypto exchanges.
Google Removes Major Crypto Wallets from Play Store
Affected apps include:
- Bitcoin Wallet (by Bitcoin.com)
- CoPay
- BitPay
Institutional Bitcoin Trading: Morgan Stanley Plans Crypto Swaps
Bloomberg reports the firm will offer bitcoin price return swaps, allowing institutional clients to long/short BTC via derivatives.
Nasdaq Delists SPI Energy Over Non-Compliance
The crypto mining hosting firm failed to meet minimum bid price requirements.
Blockchain Innovations
Agricultural Bank of China Explores Blockchain in 2019 Recruitment
New hires will research blockchain, AI, and cloud computing for financial applications.
Japan’s SBI Launches Ripple-Powered Payment App
MoneyTap, debuting fall 2018, will integrate Ripple’s distributed ledger technology for seamless bank transfers.
South Korea’s Blockchain Customs Initiative
Partnering with Samsung SDS, the project aims to enhance export logistics transparency.
Brazil’s Via Varejo Adopts Airfox’s Blockchain Payments
Customers can now use crypto loans or direct payments at 1,000+ retail stores.
Global Policies
China’s Ministry of Finance Advocates Blockchain for Governance
New guidelines promote blockchain/AI to modernize regulatory frameworks.
Jiangxi Province’s Data Security Measures
Government mandates blockchain-based audits to monitor industrial data flows.
Fraud Alert: Fake "Blockchain" and "ICO" Schemes in Fujian
Authorities warn against investment scams exploiting crypto buzzwords.
U.S. House Passes FinCEN Bill to Include Crypto
Virtual currencies now fall under financial crime oversight.
Vietnam Cracks Down on Crypto Transactions
Banks are halting services tied to digital assets per central bank directives.
Voices from the Industry
Tianya’s Xing Ming: "Aiming for 10M Blockchain Users by Year-End"
The social platform’s founder claims it could become the first large-scale blockchain application.
Wanxiang’s Xiao Feng: "Encryption + Blockchain Solves Privacy Concerns"
Advanced cryptography is key to protecting data sovereignty in the AI era.
CFTC Chair Giancarlo: "Avoid Stifling Crypto Innovation"
Regulators should balance vigilance against manipulation with fostering growth.
FAQs
Q: How are OKCoin and OKEx connected?
A: Investigations reveal shared management, customer service teams, and overlapping executives, despite OKCoin’s denials.
Q: What’s Morgan Stanley’s role in crypto?
A: The bank plans to offer bitcoin derivatives for institutional investors, pending client demand.
Q: Why did Google remove crypto wallets?
A: Specific reasons unconfirmed, but the move aligns with stricter app store policies on financial tools.