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Crypto derivatives exchange BitMEX appoints regulatory expert Angelina Kwan as COO

BitMEX, a leading cryptocurrency derivative exchange, today announced it has appointed regulatory expert Angelina Kwan to the role of Chief Operating Officer. Kwan previously served as Managing Director and Head of Regulatory Compliance for Hong Kong Exchanges... Crypto derivatives exchange BitMEX appoints regulatory expert Angelina Kwan as COO
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BitMEX’s New COO Angelina Kwan Joins the Crypto Space at “An Exciting Time”

Angelina Kwan, former managing director and head of regulatory compliance for Hong Kong Exchange and Clearing, is taking on the position of COO of BitMEX, one of the largest cryptocurrency exchanges in the world, at a time when the challenges facing these exchanges are greater than ever.In an interview with Bitcoin Magazine, Kwan told us:“It is very exciting time for me to be joining the company. In the last three months, BitMEX broke the industry record for daily bitcoin trading volume twice and also launched two sophisticated financial products: ETH/USD perpetual swaps, and UPs and DOWNs (our first call and put options).”This will be Kwan’s first experience working in the cryptocurrency world and, while BitMEX is registered in the Seychelles Islands, she is looking forward to building the company’s presence in Hong Kong, a recognized global hub for cryptocurrency innovation.“Hong Kong is a great place to be with its fast pace of innovation, and evolution in technology and financial services. It’s a great springboard to China, the broader Asia region, and the rest of the world,” noted Kwan.BitMEX CEO and co-founder Arthur Hayes said: “Welcoming Angelina — experienced in traditional finance and regulation — to the BitMEX team is a significant milestone not just for our company, but for the cryptocurrency industry as a whole. I believe Angelina’s decision to join us is a signal that the global markets are shifting focus to the rapidly-expanding domain of crypto-coins.” A History of Working With Financial Services RegulatorsKwan’s significant regulatory compliance experience, including eight years with the Securities and Futures Commission of Hong Kong (SFC), will be important as cryptocurrency businesses come under increasing scrutiny from regulatory bodies like the Securities and Exchange Commission in the U.S.Kwan says she will be continuing the BitMEX practice of proactively monitoring and assessing the evolving global regulatory landscape."Regulatory compliance and prudent risk management is, and has always been, fundamental to the culture and practice of BitMEX globally. As such, BitMEX prohibits residents of various jurisdictions, including the U.S., from holding positions or entering into contracts on BitMEX,” said Kwan.A recent report suggests that a majority of BitMEX’s users are in the U.S., so any SEC ruling, for example, would have a major impact. Recognizing the growing importance of regulatory compliance, Hayes said:“Angelina’s vast experience in regulation, trading platforms, business development, restructuring, and investor and stakeholder relations will be pivotal as we continue the push towards mainstream cryptocurrency adoption and broaden our community.”A Shared Commitment to Promoting Women in CryptoOne of the reasons Kwan chose BitMEX was the exchange’s commitment to promoting women in STEM (Science, Technology, Engineering and Math).“BitMEX has made its commitment to meritocracy clear and is sending the message that women with deep backgrounds in finance and business can execute at the highest level within cryptocurrency companies,” said Kwan.Kwan is a Hong Kong government-appointed member of the Women’s Commission and is Vice Chair of The Women’s Foundation, an NGO dedicated to improving the lives of women and girls in Hong Kong.The Women’s Foundation, Kwan explains, offers “programs, mentorship and training to encourage women and girls to complete STEM programs so as to build a pipeline of female talent.”But Kwan says that even these measures are not enough. “We have to get women to help and inspire each other as well as develop male allies, especially in the STEM fields, to encourage and offer opportunities for the pipeline of women to grow.”Kwan notes that recent studies indicate that approximately 5 percent of crypto enthusiasts are women and also notes that women make up just 20 percent of the technology industry workforce. Growing BitMEX’s Market ShareKwan’s extensive experience working with global financial services firms in Asia and the U.S. makes her well placed to grow BitMEX. “I will be responsible for overseeing and driving the company’s growth,” said Kwan, “while guiding BitMEX on its mission to offer advanced, innovative financial products for the global cryptocurrency industry.”Kwan’s background includes restructuring and relisting a bankrupt financial services company, spearheading the establishment of new operations and companies, and serving on a number of boards and committees.But Kwan told us that her most memorable accomplishments “have been joining organizations that are at the cusp of making a major breakthrough, so it’s with a sense of great excitement that I take on the challenge of driving BitMEX to new market heights.” This article originally appeared on Bitcoin Magazine.
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OKEx’s Token Will See 17x Growth in Price, Blockchain Investment Firm Forecasts

The recent popularity Initial Exchange Offerings (IEO) have been experiencing over the last few months has brought what it appears to be like a new bull run. An incredible example of success is the OKB token issued by OKEx, one of the largest cryptocurrency exchanges by trading volume in the world, which has impressed the market beyond expectations having experienced an increase in the price of 163% since launched. Shinobi Capital, a leading blockchain advisory firm and also an investor in early-stage start-ups, has released its latest evaluation report estimating that the OKB price will grow further to US$30.75, 17 times the current price, by the end of 2020. According to Jason Hill, the founding partner of Shinobi Capital:  Exchanges tokens will be the powerhouse of the development of the digital asset market and even blockchain technology. Following a series of IEOs powered by exchange tokens in H1 2019, the market is marching to the next round of bull run. OKB, as a market leader of exchange tokens, is also welcoming its own uptrend. Backed by a number of use cases and a large user base of OKEx, OKB has demonstrated a huge potential of growth. The established blockchain and cryptocurrency advisory firm is well-known for its extensive experience in start-up investment. In their evaluation report of OKB, Shinobi Capital lays out the two most important factors that will affect OKB’s future trading volume, the development of the OKChain mainnet and the overall the crypto market condition. Furthermore, the report also establishes a comparative evaluation model with other major platform tokens, including Binance Coin (BNB), EOS, and TRON (TRX). This comparative evaluation studies different aspects of each token such as trading volume, price patterns, and usage demand. The latest OKB buy-back & burn program is also taken into account to evaluate the token’s future price trend. It is expected that by the end of 2020, the price of OKB will reach USD30.75 and its market capitalization will be about USD7.068 billion. There is a significant growth lag in OKB at this stage, and the potential of price growth needs to be further released. In the next round of market recovery and boom, OKB is likely to become one of the fastest-growing assets in the market. Disclosure: This is a sponsored press release The post OKEx’s Token Will See 17x Growth in Price, Blockchain Investment Firm Forecasts appeared first on NullTX.
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Ethereum Classic presents roadmap to improve DApp development and overall infrastructure

Experts of the cryptospace are making use of DApp services to simplify the entire blockchain process. Along these lines, Ethereum Classic’s [ETC] core development team has put forth an initiative to revamp its existing ecosystem. Moving forward with an aspiration for refinement, ETC’s team is developing fresh features over blockchain technology, a development that will […] The post Ethereum Classic presents roadmap to improve DApp development and overall infrastructure appeared first on AMBCrypto.
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David Marcus Grilled During Facebook's Senate Hearing

During the first of two congressional hearings regarding Facebook's Libra cryptocurrency, project lead David Marcus went as far as to say he'd be willing to take his salary in Libra after intense grilling from Senator Sherrod Brown.
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David Marcus Questioned Over Libra by Congress

Facebook is finally facing its reckoning as David Marcus, head of the company’s blockchain division and the leader of Libra, the venture’s new cryptocurrency, was grilled by Senate members who refuse to believe in Facebook’s allegedly noble financial plans. Libra: A Congressional Issue? Many people have a hard time believing in Facebook’s morality following the Cambridge Analytica scandal. Discovered in 2018, Facebook had allegedly been selling users’ private data for years to third parties for advertising purposes. Following Mark Zuckerberg’s Senate hearing last year, trust in Facebook has fallen to an all-time low. In many ways, this new “congressional step” for the social media conglomerate should serve as a huge learning experience. When you’re a company of Facebook’s size and you do anything to compromise the safety or privacy of your customers, you can bet it’s going to take a long time to earn their trust back. Facebook is learning this lesson in spades right now, as several Senators taking part in the hearing commented about the lack of trust they feel towards the company and its executive team. Sherrod Brown, a Democrat from the state of Ohio, commented:  Facebook has demonstrated through scandal after scandal that it doesn’t deserve our trust. We’d be crazy to give them a chance to let them experiment with people’s bank accounts. Senator Martha McSally, a Republican from Arizona, stated that Facebook is simply trying to shift gears and get people to focus on something else entirely, in this case cryptocurrency. Rather than seriously attempt to fix its reputation, it’s working to divert people’s attention with an entirely new product. She says: I don’t trust you guys. Instead of cleaning up your house, you are launching into a new business model. In addition, Facebook is also being criticized for its complete lack of coordination with policymakers. Throughout the early development of Libra, Facebook’s executive team failed to make any contacts with regulators or legal authorities to potentially understand how the cryptocurrency could better satisfy present financial laws and terms.  Trust Takes a Long Time to Build At least David Marcus isn’t lying to himself. He acknowledged during the hearing that it would likely take a while before the company can earn people’s trust well enough that they would provide their banking details. He states:  I want to make it clear that we are only at the beginning of the journey. We expect the review of Libra to be one of the most extensive ever. Facebook will not offer the Libra currency until we have addressed the concerns and receive appropriate approvals… We will not control Libra and will be one of over 100 participants that will govern over the currency. We will have to gain people’s trust if we want people to use our network over the hundreds of competing companies. The post David Marcus Questioned Over Libra by Congress appeared first on Live Bitcoin News.
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Waves CEO Has Sold His Stake At Vostok, A Waves Blockchain Affiliated Project

Alexander Ivanov, the founder, and CEO of Waves has recently decided to fully sell his stake of Vostok, blockchain spin-off of the Waves platform. According to a recent press release, now only the GHP Group, which bought all the stakes, will be the owner of the project. The CEO also affirmed on the press release that […]
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