10,000 bitcoins left OKEx

10,000 bitcoins left OKEx before the withdrawal moratorium was introduced

Last month, October 16, the administration of the OKEx crypto exchange confirmed the suspension of withdrawal operations. At the same time, representatives of the trading platform denied rumors that the moratorium was somehow connected with a violation of anti-money laundering legislation.

According to the Glassnode platform, 10,000 bitcoins left the exchange before the withdrawal operations were suspended.

Analysts found out that the cryptocurrency was withdrawn from the trading platform approximately 48 hours before the confirmation of the moratorium.

Bitcoins, totaling up to $ 113 million, left the OKEx exchange in two batches. Experts emphasized that currently about 200,000 BTC are stored in the platform's wallets for a total amount of up to $ 2.3 billion.

Thus, more than 1% of the total Bitcoin supply is listed on the exchange.

The Whale Alert service recorded the transfer of 5,000 BTC to the Binance exchange yesterday, which puzzled many traders, since the withdrawal moratorium has not yet been lifted.

Some social media observers have suggested that a coin withdrawal option is available for selected OKEx customers. It is possible that there is an agreement between the OKEx and Binance platforms, under which emergency cryptocurrency transfers are possible.

Bank of Sweden calls on parliament to legalize state cryptocurrency as a means of payment

As Stefan Ingves stated last week, "The state-owned cryptocurrency issued by the Bank of Sweden, the digital krona, must be recognized as legal tender." In an economic note, Ingves insisted that the Swedish government “redefine the legal tender concept” as legalization of the e-krona is necessary to prepare the Bank of Sweden for a digital future.

“The Bank of Sweden has not yet made an official decision to issue an electronic krona. The decision to issue a state cryptocurrency requires a legal basis and political support, ”he said.

Central Bank of China: Organizers of illegal gambling used USDT to launder money

The People's Bank of China said that with its participation, illegal activities in the organization of gambling were stopped, in which digital assets were used to withdraw capital abroad.

According to The Block, on Thursday, the Central Bank published a post on its blog, where it outlined the details of a joint operation with law enforcement agencies against gambling on the Internet. Usually, to organize such activities, servers in foreign jurisdictions and various methods of bypassing the control over the movement of capital in China are used, the regulator explained.

In a recent episode, the Huizhou branch of the People's Bank of China helped police shut down three sites and detain 77 suspects who had used USDT in cross-border money laundering transactions. Their value, according to the publication, was about 120 million yuan or $ 18 million.

“In this case, not only bank transfers were used, but also virtual currency. Money laundering was carried out through several levels, so the movement of funds was extremely complicated, ”the Central Bank said.

Akash Network launched the mainnet and raised $ 640,000 in IEO

On September 25, the Akash Network decentralized cloud application hosting mainnet was launched.

At the moment, basic operations are available on Akash Mainnet 1: transactions, staking and voting of network participants.

Akash Mainnet 1 will form the basis of the Akash DeCloud decentralized computing power exchange. Exchange users lease and lease computer resources without intermediaries.

“There are 8.4 million data centers in the world. Of these, 6 million are corporate servers with a load of 10-15%. With Akash DeCloud, companies will be able to earn on unused capacities, and application developers will be able to use shared hosting services up to 10 times cheaper than Microsoft Azure and Google Cloud, ”comments Akash Network CEO Greg Osuri.

Akash DeCloud supports Kubernetes application deployment automation technology and Docker application containerization system. Thanks to this, working with Akash DeCloud is no different from using a shared hosting like Digital Ocean.

The Akash DeCloud computing power exchange operates on an auction basis. Users leave applications indicating the amount of resources, and providers offer a rental price.

Akash Network has partnered with DeFi platform Kava, oracle provider ChainLink and blockchain platform Cosmos.

The project uses the Kava DeFi platform stablecoin (USDX) as a stable settlement medium. In addition, Akash Network receives data on the prices of other cryptocurrencies using ChainLink oracles and is working on an inter-blockchain communication protocol IBC with the Cosmos Interchain Foundation.

On October 15, BitMax cryptocurrency exchange held an IEO of Akash Network utility token (AKT). Users bought 1.8 million AKTs at an average price of $ 0.35.

Since October 16, AKT has been trading on BitMax with USDT. The cost of the token at the time of publication is $ 0.33.