BCV/ETH signal on HUOBI

BCV/ETH signal on HUOBI

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OKEx founder reportedly under investigation as exchange suspends withdrawals

OKEx founder reportedly under investigation as exchange suspends withdrawals

The founder of major global cryptocurrency exchange OKEx has been reportedly questioned by authorities previous to OKEx suspending cryptocurrency withdrawals.

OKEx founder Mingxing Xu, also known as Star Xu, has reportedly been questioned by the police, Chinese news agency Caixin reported today. According to the report, the executive was investigated “at least a week ago” and has also been absent from work for some time.

When approached for comment on Xu’s participation in a police inquiry, OKEx told Cointelegraph that the exchange is no longer affiliated with OK Group, where Xu is a senior executive, and therefore was not in a position to comment on his activities. 

The news comes shortly after OKEx suspended withdrawals of crypto assets on its platform today. According to the exchange, OKEx’s private key holders are cooperating with a public security bureau in an ongoing investigation. The exchange told Cointelegraph:

“We are unable to disclose the nature of an ongoing investigation but would like to assure all OKEx users that their funds are safe and that all other functions on OKEx are unaffected.”

OKEx CEO Jay Hao said that the decision to temporarily suspend withdrawals was taken “with user security in mind,” stating: 

“As a world-leading exchange, user security is not something that OKEx can or will ever compromise on. We will do everything in our power to reinstate this service promptly and will provide updates on the matter as soon as possible.”

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Source: crytonow.com

Author: adminhttps://crytonow.com


Crypto Cruise Ship 'Satoshi' to Make Panama Bay Home | News Bitcoin News

Crypto Cruise Ship ‘Satoshi’ to Make Panama Bay Home | News Bitcoin News

Crypto Cruise Ship 'Satoshi' to Make Panama Bay Home

The Crypto Cruise Ship called Satoshi is gearing up to set sail from the Mediterranean to Panama, where it will drop anchor and call the bay its home. The ship has 777 cabins that will be auctioned off as condos. Bitcoin will be accepted for all goods and services aboard.

Ocean Builders, a company that builds “seapods” or floating homes for seasteaders, has unveiled “The Crypto Cruise Ship” called Satoshi. It is being prepared to set sail from the Mediterranean and will anchor in the Gulf of Panama.

The Crypto Cruise Ship Satoshi is 811 feet long with 12 decks and 777 cabins to be auctioned off as condos. It will have three restaurants, a juice bar, two cafes, three bars, two pools, four whirlpools, a water park, and more, Ocean Builders’ website details. Bitcoin will be accepted throughout the ship for all goods and services, alongside U.S. dollars and other forms of payment.

According to the Maritime Executive publication, the Crypto Cruise Ship Satoshi was formerly a cruise ship called the “Pacific Dawn” by P&O Cruises Australia. Built in 1991, it has been operating with Princess Cruises and P&O Australia. P&O’s parent company, Carnival Corporation, recently sold the ship as its business was affected by the coronavirus pandemic.

American bitcoin entrepreneur Chad Elwartowski, COO of Ocean Builders, says that his company is scheduled to take delivery of the cruise ship on Nov. 4 in the Mediterranean. The ship will subsequently be renamed to Satoshi, after Satoshi Nakamoto, the pseudonymous creator of Bitcoin.

Elwartowski has been a pioneer in seasteading. Last year, he and his Thai girlfriend got into trouble with the government of Thailand while occupying a sea home off the coast of Phuket. The Thai government accused the couple of violating the country’s sovereignty and the Thai Navy seized their home and issued arrest warrants for both of them.

Regarding the Crypto Cruise Ship Satoshi, Elwartowski was quoted as saying: “We look forward to creating a hub for technology and innovation here in Panama. Our goal is to figure out how to live sustainably on the sea and chart new waters in this new frontier.” In addition to permanent residential units, Ocean Builders says that vacation rentals will also be available on the ship.

Registration has already opened and auctions for the cabins are scheduled to take place between Nov. 5 and Nov. 28. According to Ocean Builders, the move-in date will be in January next year. Buyers will acquire full ownership of their cabins and will be required to pay a monthly fee to cover operating expenses. The publication added that the first sale will be for 200 cabins, tentatively priced between $25,000 and $50,000.

Would you buy or rent a cabin on the Crypto Cruise Ship Satoshi? Let us know in the comments section below.

Purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH here.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Source: news.bitcoin.com

Author: News

by
Kevin Helms


BCV/ETH signal on HUOBI


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