Cryptocurrency
OKEx CEO Resigns Just as Crypto Exchange Becomes World's Largest
OKEx Chief Executive Officer Chris Lee resigned, leaving behind a Hong Kong-based currency exchange cryptocurrency just when it became the largest in the world by reporting a turnaround.
Lee went for personal reasons, to "start a new life," OKEx said in an e-mailed statement Monday. In a separate statement issued by his spokesman, Lee said it was "the greatest pleasure and honor" to work at OKEx and that he would return to the blockchain community after a short break to spend time with his family. He did not explain the reason for his departure.
OKEx handles more than $ 2 billion of virtual currency trading over the last 24 hours, making it the most active cost-active crypto exchange in the world, according to Coinmarketcap.com, which combines trade statistics reported by the exchange. OKEx has climbed in the global rankings over the past few weeks, recently defeating Binance as the biggest turnaround.
Blockchain technology promises transparency and efficiency to its users, bringing a positive change. With the support from the government, industries and communities, we believe it is only a matter of time until the blockchain technology will be used in the nation.
Various ICOs and investment opportunities will be presented during Blockchain INDO 2018, the first international blockchain event of such kind in Indonesia.
Even with the world’s best known virtual currency down more than 50 percent from its record high, thousands of advocates are expected to descend upon New York in what’s been dubbed Blockchain Week. Named after the decentralized computer ledger technology that’s been pitched as the solution to everything from inefficient financial transactions to global poverty, the affair represents a push to bring more blockchain jobs to the world’s financial capital.
Consensus, hosted by media and research company CoinDesk Inc., will feature hundreds of speakers, including Twitter Inc. Chief Executive Officer Jack Dorsey, Federal Reserve Bank of St. Louis President James Bullard and FedEx Corp. CEO Frederick Smith. Then there are the afterparties, including a bash hosted by payment firm Ripple that will be headlined by rapper Snoop Dogg at a secret location in Manhattan’s Meatpacking District.
Consensus is expected to draw more than twice as many people as last year, when one Bitcoin would have cost you about $2,500. Now the top digital token is worth almost four times as much, though that still pales in comparison to the $20,000 price tag it flirted with late last year. The conference could cause Bitcoin to rally, Thomas Lee, head of research at Fundstrat Global Advisors, predicted last week.
Regulation will undoubtedly be an overarching theme, as financial watchdogs around the world have recently doubled down their scrutiny on digital currencies. Representatives of the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission will be speaking.
Blockchain Week was launched in partnership with the New York City Economic Development Corporation in an effort to showcase the city as an up-and-coming center for blockchain companies. There will be a job fair on May 16.
Some blockchain fanatics may be opting out of Consensus because they can’t afford it. Tickets currently range from $1,499 to $2,999. Ethereum co-founder Vitalik Buterin tweeted last month that he’s boycotting the conference for a number of reasons, including the hefty price tag.
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