OKX ‘OG’ Execs Tim Byun and Wei Lan Leave Crypto Exchange
OKX’s Tim Byun (OKX)
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OKX’s Tim Byun (OKX)
The company aims to bring corporate bonds to blockchain rails, which could have averted a similar credit meltdown to what happened in crypto in 2022, CEO and co-founder Max Boonen said in an interview.
As always, rising prices bring forth boosted supplies.
The news about X Layer comes as other major cryptocurrency exchanges, like Coinbase and Kraken, have also pursued their own layer 2 networks over the last year.
At a recent gathering of investors in Miami, skepticism remained high even after finance titan BlackRock’s shift toward touting the original cryptocurrency.
The head of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, had a lot of contact with Sam Bankman-Friend, the disgraced former CEO of FTX, but lawmakers suggest he hasn’t been fully forthcoming about those interactions. So, Sens. Elizabeth Warren (D-Mass.) and Chuck Grassley (R-Iowa) are demanding more.
Bitcoin has also given up some of its early Monday bounce, returning down to the $64,000 level.
The Pantera-backed crypto exchange is among the first to receive regulatory approval in South Africa, alongside Luno and Zignaly.
Energy-intensive crypto mining is an example of a type of business not wanted in Norway, Minister for Energy Terje Aasland reportedly said.