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Trustless Hackers 2019

20 September 2019 , OAX Foundation

Going Trustless to Thwart Hackers One of the factors which continues to discourage greater acceptance of digital assets is the steady cadence of hacking cases which maintain the notion of digital assets as risky and insecure. In all, since January, $4.26 billion in total has been stolen from cryptocurrency exchanges,...

OAX Foundation AMA recap

06 September 2019 , OAX Foundation

Earlier this week, we hosted an AMA session on Reddit as a follow-up to last month’s release of the open source code for our Layer 2 Exchange (L2X) Protocol.The response was overwhelming and we’d like to thank everyone that participated in the discussion. Before the AMA, we received quite a...

Community Update Aug 2019

30 August 2019 , OAX Foundation

This month has been one of the most exciting yet on the OAX Foundation journey. On 12 August, we released the open-source code for our Layer 2 Exchange (L2X) protocol. Not only does this mark the completion of a major milestone, we believe it also represents another huge step forward...

Small but important steps towards regulating crypto

20 August 2019 , OAX Foundation

At the very end of last month, the UK’s Financial Conduct Authority issued a policy statement on cryptoassets containing its final guidance on what falls under its jurisdiction. This document is the result of a consultation exercise the FCA carried out earlier in the year, to which it received over...

OAX Foundation releases new exchange protocol

12 August 2019 , OAX Foundation

HONG KONG – 12 August 2019 – OAX Foundation has today released the code for its Layer 2 Exchange (L2X) protocol, marking the completion of a major milestone for the project. Currently, digital asset trading either takes place on centralized exchanges, which have persistently proved vulnerable to hacking, or in...

Reseach reveals increased confidence in decentralized exchanges

07 August 2019 , OAX Foundation

A recent report has shown how decentralized exchanges are growing in popularity reflecting increased confidence in the system. Research commissioned by Totle, a firm specializing in decentralized liquidity, has revealed that monthly trading volume in USD on decentralized exchanges tripled from January to June, from around USD 86m to USD...

Community Update July 2019

01 August 2019 , OAX Foundation

We mentioned in our June newsletter that, going forward, we will be updating the community more regularly on our projects to build solutions to promote digital asset trading. As such, we kick-started the second half of the year with yet another blog from our development partner Enuma Technologies. This latest...

PARATHREADS and SCALING Our Takeaways from a Polkadot Meetup

31 July 2019 , Wayland Chan, Director of Technology, OAX Foundation

Dr Gavin Wood, co-founder of Ethereum and now the architect behind the Polkadot Network, and Dr Alistair Stewart from the Web3 foundation have been touring a number of cities in China to talk about the current state of the Polkadot Network. Last week, OAX Foundation’s General Manager, Amanda Liu, and...

Are you hacked off with hacking

05 July 2019 , OAX Foundation

Another week, another cryptocurrency exchange hack. This time, Singapore-based Bitrue lost around USD 4.2 million worth of assets in a hack that took place last week (see here for Coindesk’s report about it). The exchange promptly took to Twitter to explain the situation and reassure users that all funds would...

Order Cancellation in Trustless Setting

03 July 2019 , OAX Foundation

As promised in our last community update, we will be providing technology development updates about our project more frequently over the next few weeks while the team works on readying our Layer 2 Settlement protocol for general public release. Today, our partner Enuma Technologies published a blog discussing a both...

Community Update June 2019

28 June 2019 , OAX Foundation

As mentioned in our last community update, the first half of 2019 has been both critical and exciting for the OAX technology team. Following the January launch of our platform on the Rinkeby testnet, the team, led by technology director Wayland Chan, has been working tirelessly over the past six...

Libra: the Devil is in the details

27 June 2019 , Raphael Tressieres, Business Development Director and Paul Li, General Counsel at OAX Foundation

Both mainstream and blockchain media last week reported extensively on Facebook’s announcement that it is planning to launch its own digital currency. This announcement is a significant development in the digital asset space as it represents a level of institutional interest and potential uptake that goes beyond even what was...

FATF and the G20: what impact will they really have?

24 June 2019 , Paul Li, General Counsel of OAX Foundation, and Adam Vaziri, CEO of Blockpass

On Friday, the Financial Action Task Force (FATF) released a new guidance paper covering digital assets and digital asset service providers. This will become part of the FATF Standards, which most of the world’s major financial centres abide by. In the paper, FATF sets out provisions for increasing scrutiny of...

New Paper, New Milestone

20 June 2019 , OAX Foundation

Today, we have published jointly with our tech partner, Enuma Technologies, a paper setting out the technical specification of the L2X protocol which we’ve developed for use in digital asset trading platforms. This is an important milestone for us as for the first time we’re able to show you, our...

Exciting Times Coming Up

18 June 2019 , OAX Foundation

We’ve previously written that Enuma Technologies will be releasing a detailed paper explaining the Layer 2 solution that we have been working on with them. This morning, the OAX core team had an in-depth meeting with Enuma to catch up on progress team and discuss the latest developments in our...

A Deep Dive Into Technology

14 June 2019 , OAX Foundation

Enuma Technologies, our partner in building our trustless exchange platform, has just published a blog looking at one of the technical aspects behind the project. Written by Philippe Camacho, Enuma’s Senior Cryptography Engineer, it focuses on how the technology ensures a high level of security across the platform. While written...

Making a difference with digital assets

12 June 2019 , OAX Foundation

Much is written about the price of digital assets and how much profit (or loss) people are making from their investments in them. This is of course an important aspect of a well functioning market and a sign of an active industry. But the purpose behind these digital assets should...

Celebrating FinTech in Hong Kong

06 June 2019 , OAX Foundation

Last night the FinTech Association of Hong Kong hosted an event to mark its second anniversary. This is the organization that represents the companies and people making up Hong Kong’s FinTech community, from established global players to local start-up firms like us. Its aims are to advocate on behalf of...

Regulating Digital Asset Trading —  Part II

04 June 2019 , OAX Foundation

In the second of our two part series describing Professor Johnstone’s recent research paper, we take a look at how he proposes the secondary market be regulated. Last time we described how Professor Johnstone argues in his paper that the regulation of cryptoexchanges should be model-neutral and form-independent. Regulation, he...

Community Updates — May 2019

30 May 2019 , OAX Foundation

With Summer fast approaching, the OAX Foundation team is diligently working towards several targets. Our partner, Enuma Technologies, has been working hard to get the trustless exchange that we released on the Rinkeby Testnet in January production ready. They’ve also been busy writing a paper to explain the specification of...

Q&A: Paul Li, General Counsel of HK based OAX Foundation, on regulations and crypto exchanges

28 May 2019 , Tsering Namgyal

The following Q&A was originally published at http://blockchainassetreview.com. Recently, Hong Kong’s oldest cryptocurrency exchange Gatecoin (see here) filed for insolvency from the repercussions of a cybersecurity incident in 2016 and the US crypto exchange BitFinex reportedly lost nearly $850mn in customer assets.In the first quarter of this year alone, criminals...

A Walk Down Wall Street

28 May 2019 , OAX Foundation

As of this week, prices of Bitcoin have more than doubled from last year’s trough. While observers are still debating the real reasons behind the rebound, some mainstream financial services firms may see this as a sign to restart projects on digital asset trading. Earlier this month, Bloomberg reported that...

Regulating Digital Asset Trading  —  Part One

21 May 2019 , OAX Foundation

In the first of a two part series, we take a more detailed look at the research we’ve funded into how digital assets should be regulated. Last week, we announced that Professor Syren Johnstone from the University of Hong Kong had published a paper examining the challenges faced by regulators...

The Development of a Regulated Secondary Market in Digital Assets

17 May 2019 , Prof. Syren Johnstone

HONG KONG — 14 May 2019 — A new independent research paper has been published examining the challenges faced by regulators as they create a framework for overseeing cryptocurrency exchanges. Written by Syren Johnstone from the Faculty of Law at the University of Hong Kong, it suggests development should be model-neutral and remain focused...

Bringing Digital Asset Trading to Mainstream —  Hong Kong as Blockchain Hub

17 May 2019 , Amanda Liu, General Manager, OAX Foundation

Since the beginning of the OAX project nearly two years ago, our community members, who come from all over the world, have often asked why we chose Hong Kong as our base. So this week we’d like to give you an idea of how vibrant things are here within the...

Why Crypto Custody Matters

02 May 2019 , Amanda Liu, General Manager and Kelvin Wong, Senior Marketing Advisor, OAX Foundation

Those of you who have been following OAX Foundation would know that one of our main goals is to promote digital asset trading to the mainstream. For this to happen, it is our belief that the industry needs to work together to build a proper ecosystem. To put it another...

OAX Foundation and Blockpass announce new agreement to promote regulatory compliance

29 April 2019 , OAX Foundation

HONG KONG, 29 April 2019 — OAX Foundation and Blockpass have announced today an agreement that will see the firms join forces to promote advanced compliance controls in the digital asset industry. The agreement reflects the shared goal of the firms to create an industry that is open, transparent and committed to...

Moving digital asset trading to the mainstream

17 April 2019 , OAX Foundation

In many of our articles, we talk about our mission to bring digital asset trading to the mainstream. But what exactly do we mean by this and how realistic a prospect is it? The team at OAX Foundation is driven by the same belief that digital assets offer many benefits...

Security Token Offerings — Global regulators move to raise investor understanding

09 April 2019 , Winnie Mak, Executive Director, Corporate Finance, and Kelvin Wong, Senior Marketing Advisor, OAX Foundation

Over the past week, security tokens have once again become a major talking point in the digital asset industry. On March 28th, Hong Kong’s Securities and Futures Commission issued a policy statement about security token offerings (STOs), laying out its current stance on the investment class. A few days later,...

What’s next for virtual banking in Hong Kong?

04 April 2019 , Amanda Liu, General Manager and Raphaël Tressieres, Director of Business Development, OAX Foundation

With HKMA’s recent licensing of virtual banks and the robust development of FinTech in Hong Kong, we are optimistic that our Layer 2 solution could provide optimal performance for various transaction-heavy blockchain-based applications. (Photo credit: Shutterstock) The Hong Kong Monetary Authority (HKMA) recently handed out the first three virtual banking...

Partnerships: making our vision a reality

26 March 2019 , OAX Foundation

Partnerships are at the core of promoting OAX Foundation’s vision of an open, transparent, decentralized digital asset industry ruled by strong governance. (Photo credit: Shutterstock) At OAX Foundation, our mission is to promote the mainstream adoption of digital assets and the last few weeks have seen us make some important...

OAX Foundation Announces Partnership with KYC Chain to Bring Compliance Controls to Digital Asset Trading

19 March 2019 , OAX Foundation

HONG KONG — 19th March 2019 — OAX Foundation and KYC-Chain have today announced an agreement to promote strong governance standard in digital asset trading. Partnering with one of the world’s leading KYC solutions is another important step for OAX towards bringing digital asset trading to the mainstream of financial markets. Strict compliance standards,...

Vitalik visiting EnumaTech + TOKEN 2049 + Solidus Labs Partnership= Power week at OAX Foundation!

16 March 2019 , OAX Foundation

Vitalik Buterin visiting Enuma Technologies to discuss the Layer 2 solution currently being developed along with OAX Foundation (photo courtesy of Enuma Technologies) It’s been an exciting week for OAX Foundation as well as for our partners! Vitalik visiting Enuma Technologies to discuss Layer 2 Vitalik Buterin was in town...

OAX Foundation and Solidus Labs Announce Partnership

14 March 2019 , OAX Foundation

Hong Kong/New York — March 14th 2019 — OAX Foundation and Solidus Labs have today announced a strategic partnership based around the shared objective of bringing digital asset trading into the mainstream. This is Solidus Labs’ first strategic partnership in Asia, and it reflects the importance of the region in the global digital assets...

Bringing Digital Asset Trading to Mainstream —  Crypto Indices

12 March 2019 , Raphaël Tressieres, Director, Business Development, and Kelvin Wong, Senior Advisor, Marketing, OAX Foundation

Last week, we discussed how strengthening trade surveillance can be critical to the mass adoption of digital asset trading. This week we highlight another growing feature of the industry that may help boost transparency and pave the way for more institutional money to come into the sector. On March 4,...

Trustless, Noncustodial Exchange Prototype

11 March 2019 , OAX Foundation

The OAX platform has been in testnet environment for about a month now and our technology team has been busy putting it through its paces. The purpose of this blog post is to help the community understand more about the technology behind it, and explain how we’ve gone about solving...

Bringing Digital Asset Trading to the Mainstream —  Trade Surveillance

08 March 2019 , Winnie Mak, Executive Director, Corporate Finance; Raphaël Tressieres, Director, Business Development and Amanda Liu, General Manager, OAX Foundation

Those of you who have been following the OAX project may recall that transparency is one of the key principles in our push for mass adoption of digital asset trading. This week, our experts discuss the importance of strengthening trade surveillance in helping to reach that goal. Legal and regulatory...

OAX Foundation AMA —  SDK release and partnerships!

07 March 2019 , OAX Foundation

OAX Foundation held a 2-day-Ask-Me-Anything (AMA) session between the 4th and 6th of March, 2019. Our recent launch of the testnet and SDK leading to our decentralized exchange (DEX) platform were the main focus of the AMA; however, other questions pertaining to various aspects of OAX Foundation were also raised,...

OAX Regulatory breakfast bridging the knowledge gap in a decentralized ecosystem

05 March 2019 , OAX Foundation

Last Friday, the 1st of March, OAX Foundation hosted four of Hong Kong’s leading journalists at a breakfast discussion about where regulation of the digital asset industry is heading. Over bacon and eggs, representatives from Bloomberg, Reuters, South China Morning Post and DigFin heard OAX’s General Counsel, Paul Li, and...

The Year of Milestones and Partnerships

28 February 2019 , OAX Foundation

We began 2019 with one of the most exciting milestones yet for the OAX project. After much anticipation, last month our technology team deployed the layer 2 solution they have been working on over the past year onto the Rinkeby testnet. This is a significant development as the solution is...

OAX Foundation Featured in Hong Kong mainstream newspaper: Sandbox and Wider Cryptocurrency adoption crucial to DEX

25 February 2019 , OAX Foundation

Hong Kong, February 25th 2019 OAX Foundation was featured in Hong Kong mainstream newspaper MingPao in two different articles. See below an edited translation of the original articles. OAX: SFC’s new scheme for cryptocurrency exchanges to voluntarily join sandbox Hong Kong’s Securities and Futures Commission (SFC) announced last November a...

What Is Decentralization?

22 February 2019 , Wayland Chan, Technology Director, OAX Foundation

The term “decentralization” raises the ire of many cryptocurrency enthusiasts. Blockchain projects that aren’t fully decentralized are treated with contempt by the purist crowd. Yet the term itself is so generic and wide spanning that not many within our community are able to even define what it actually means. We...

Quick Views From OAX Foundation Experts—  Our Take on the JPM Coin

20 February 2019 , OAX Foundation

Last week, JPMorgan — one of the world’s largest banks — announced that it was launching its own coin. The significance of this has divided opinion and sparked debate about what it means for the evolution of the digital asset industry. Several of the team members at OAX Foundation come from banking backgrounds, so...

OAX DEX Software Development Kit

14 February 2019 , OAX Foundation

To coincide with the recent release of our DEX platform to the Rinkeby testnet, we’re proud to announce the availability of our software development kit (SDK). This SDK allows the user to interact with our DEX platform using its built-in command line interface, or developers can use the provided API...

Building a Sustainable Environment for Digital Asset Exchange—  Stablecoins

13 February 2019 , OAX Foundation

Over the course of this project we’ve repeatedly stated how one of our aims is to help bring digital asset exchanges into the mainstream. This requires a sustainable operating environment based on principles of openness and transparency. The OAX platform is one part of this, but there are other related...

OAX Reaches Major Technology Milestone; Now It's Time to Partner Up

25 January 2019 , OAX Foundation

Today, OAX Foundation issued a press release announcing the deployment of the OAX platform’s layer 2 solution in a testnet environment. At the same time, we’re going to be stepping up our efforts to work with potential industry partners in operating the platform and in building up a decentralized exchange...

The Importance of Mentoring

23 January 2019 , OAX Foundation

“I’m lucky that most of my mentors have been women, and they shared their experiences and guided me along in my career. I believe that in senior roles you have to listen to your staff, to mentor them, so they can mentor others as they progress in their careers.” — Amanda Liu,...

OAX at IFX EXPO

18 January 2019 , OAX Foundation

IFX EXPO Asia kicks off at the Hong Kong Convention Centre next week and we’re proud to announce that OAX will be part of the event. Our General Manager, Amanda Liu, has been invited by the organizer to speak at a panel titled “Women in Fintech” on Wednesday, Jan 23....

OAX Airdrop: Ending in 7 Days

10 January 2019 , OAX Foundation

T-minus seven days ’til the end of the OAX Airdrop (12am Jan 16 HKT)! We would like to thank all our participants who joined the airdrop. If you have participated, do look out for upcoming announcements and emails about the KYC process and allocations once the airdrop period is over....

2018 in Review: Prototypes, Progress, and Predictions

27 December 2018 , OAX Foundation

Highlights: OAX Foundation hosted or took part in over 12 events Launched OAX platform prototype in June OAX token airdrop has been well-received by the community Sponsored a 3-part research paper on digital asset regulations by a HKU law professor Our development team achieved a milestone of 1,000 TPS OAX...

A Giant Leap for Decentralization

13 December 2018 , OAX Foundation

OAX Project Announces Breakthrough; Achieves over 1,000 Transactions per Second (TPS) Today, OAX Foundation and Enuma Technologies are announcing a major breakthrough in the development of decentralized trading platforms. In preliminary tests, our platform has achieved speeds of over 1,000 transactions per second (TPS) per node, marking real progress towards...

OAX Foundation Supporting Role Models in FinTech

04 December 2018 , OAX Foundation

It was standing room only last night at Hong Kong’s Eaton Club for the Women Leaders in FinTech 2018 event. Amanda Liu, our General Manager was appearing on a panel discussing talent and diversity, having featured in this year’s list of the 25 most notable women in Hong Kong FinTech....

Moving the Regulatory Debate Onwards

26 November 2018 , OAX Foundation

“It was this focus on debate that made the event stand out for many of the attendees. There were no sales or marketing pitches to distract from the core aim of the morning.” Dave Chapman, Co-founder and Director of OAX Foundation, speaking at the event. Last weekend, around 150 business...

A View of the Future

21 November 2018 , Amanda Liu, General Manager, OAX Foundation

In the final part of her series examining the current state and future direction of cryptocurrencies, our General Manager, Amanda Liu, sets out her vision of the future. My previous articles in this series looked at how the macroeconomic situation is currently impacting the digital asset industry, and how commitment...

Development Update — Nov 2018

14 November 2018 , OAX Foundation

We’ve been talking a lot recently about the promotion work we’ve been doing to get the OAX project better known and to drive the debate about the future of the industry. Behind the scenes we’ve been just as busy, working hard to complete the next phase of the project. As...

Talking Crypto at Hong Kong FinTech Week

30 October 2018 , OAX Foundation

Wayland Chan, Technology Director at OAX Foundation As we’ve written before, today OAX Foundation took centre stage at Hong Kong Polytechnic University’s day of FinTech sessions, part of the opening day’s line up at Hong Kong FinTech Week. We were in great company, with many high profile members of the...

Building for the future

26 October 2018 , Amanda Liu, General Manager, OAX Foundation

In the second of a three part series examining the current state and future direction of cryptocurrencies, our General Manager, Amanda Liu, takes a look at what makes a sustainable cryptocurrency project. In my last article I wrote about the macroeconomic backdrop for cryptocurrencies, and predicted that increased regulation and...

The New York Attorney General's report on crypto trading: a decentralized response

18 October 2018 , Wayland Chan, Director, Technology, OAX Foundation

The Office of the New York State Attorney General (OAG) recently published a report on cryptocurrency trading designed to give consumers information about how different platforms operate. Nine crypto trading platforms participated in the study on which the report was based, all of which provide services in New York state....

An Evening Lecture on Blockchain and Decentralized Exchanges

17 October 2018 , OAX Foundation

This evening, Kelvin Wong — our head of branding and communications — went to City University of Hong Kong to help teach a blockchain course hosted by the ANX Academy. Regular readers will know this is not the first time we’ve done something like this — in fact, our team members regularly present on topics related...

Cryptocurrencies and Blockchain —  the Bigger Picture

05 October 2018 , Amanda Liu, General Manager, OAX Foundation

In the first of a three part series examining the current state and future direction of cryptocurrencies, our General Manager, Amanda Liu, takes a look at the bigger economic picture for crypto projects. In October the Financial Action Task Force (the organisation tasked with combatting money laundering) looks set to...

Engaging the Wider Financial Community

28 September 2018 , OAX Foundation

Over the past months OAX Foundation participated in a couple of major events targeting the Hong Kong blockchain community. This week we decided to change things up and focus on promoting the project to the city’s wider financial and professional community. Those of you who have been following this channel...

TL;DR Atomic swaps, cross chain swaps, on chain, off chain

18 September 2018 , Wayland Chan, Technology Director, OAX Foundation

Like any specialized industry, the world of cryptocurrency trading is full of jargon and acronyms. At OAX, while we try to make our communications as easy to understand as possible, there are times when you just can’t avoid technical terms. That’s particularly the case when we’re giving technology updates. As...

Our Saturday with Vitalik

10 September 2018 , OAX Marketing Team

The OAX booth at ETHIS On Saturday the OAX Foundation team was out promoting the project at another big industry event in Hong Kong. Ethereum Industry Summit (ETHIS) is a global conference that aims to promote communication and cooperation between different Ethereum communities around the world. As such, it was...

Welcome to Wayland

21 August 2018 , OAX Foundation

Wayland (in white shirt) meeting with the development team on his first day. This week, we’re welcoming Wayland Chan to the OAX team as Director, Technology. Wayland is a highly skilled manager of IT systems and development projects with international experience working for some of the world’s largest financial services...

My Summer with OAX—  An Intern’s View

17 August 2018 , Morgan Hiew

I’ve just come to the end of a three month internship at OAX Foundation which has really helped shape my future career plans. I’m in my final year at HKUST studying business, but decided a little while ago that I wanted to have more of a technology focus after I...

Responding to the Decentralized Exchange Challenge

11 August 2018 , Paul Li, General Counsel, OAX Foundation

Yesterday I gave a presentation at the Finwise Summit in Hong Kong. Billed as one of China’s most influential blockchain events, it aims to strengthen collaboration between different parts of the industry and so promote its long-term development. Last year nearly 10,000 people attended when it was held in Shanghai...

OAX Platform Prototype Demo Video

09 August 2018 , OAX Foundation

The OAX Platform is a new type of decentralized platform for trading digital assets, now launched in prototype form. One of the main features of decentralized platforms is that each user holds their own individual keys. To demonstrate this prototype we use MetaMask to access users’ wallets. Now we will...

OAX Development Prototype FAQ

23 July 2018 , OAX Foundation

#OAX Development Prototype FAQ OAX would like to thank everyone for taking the time to test the prototype and give feedback. These will be important in helping us improve during the development of our platform. Here are some common questions we have identified. And don’t forget our feedback and bug...

Talking Off Chain in Berlin

20 July 2018 , Mathis Antony, Software Design Engineer, Enuma Technologies

A couple of weeks back we were lucky enough to attend a blockchain workshop in Berlin organised by Binary District, a collaborative technology community. They organise events where community members come together to discuss the latest trends in new technologies and disruptive innovation. We were there on behalf of OAX...

OAX DEVELOPMENT AMA #2

06 July 2018 , OAX Foundation

OAX Dev AMA #2 — Project Discussion “Roadmap and Development” Lio Lunesu, Technology Advisory Tamas Herman, Core Developer David Leung, Core Developer Mathis Antony, Core Developer Kirsten Ambrens Barnes, Project Management Moderator: Kelvin Wong, Head of Marketing & Communications OAX Foundation would like to thank everyone who joined our AMA on Thursday,...

OAX Foundation Announces 5 Million OAX Token Airdrop; No Token Sale Planned for 2018

03 July 2018 , OAX Foundation

Following the recent successful launch of our platform prototype, we at OAX Foundation are pleased to bring you more exciting news today. Firstly, we are airdropping 5,000,000 OAX Tokens to reward token holders for their commitment to the project. Secondly, there will be no token sale this year as OAX...

"Leave A Question" and AMA Campaigns

26 June 2018 , OAX Foundation

Thank you for testing the OAX prototype. We are hosting an online AMA (Ask Me Anything) on the OAX Telegram channel between 5:00 pm and 6:00 pm (Hong Kong Time), July 5, 2018 to gather feedback and answer questions from the community. During the session we will be dropping tokens...

OAX Foundation Revolutionizes Digital Asset Trading with Launch of Decentralized Platform Prototype

22 June 2018 , OAX Foundation

HONG KONG — June 22, 2018 — OAX Foundation Limited today announced it has successfully launched a prototype of the OAX project, a new decentralized platform for the trading of digital assets which utilizes some of the latest blockchain technology. Both the traditional centralized exchange and existing decentralized exchange models have inherent weaknesses limiting...

Helping the Legal Community "Unlock the Blockchain"

11 June 2018 , Paul Li, General Counsel, OAX Foundation

Last week I was invited to give a speech and take part in a panel discussion at the Law Society of Hong Kong’s Annual Conference of In-House Lawyers. Much of the event centred around the legal implications of new technologies, with digital assets forming one of the main topics. My...

Development Update #8

05 June 2018 , OAX Foundation

At Consensus in New York last month, we demo to attendees the preliminary version of the OAX platform prototype, which brought us a lot of useful insights and feedback. Earlier this week, our team at the OAX Foundation and development partner Enuma Technologies met again to discuss the project’s progress....

Wrap up from Consensus —  Spreading the words about OAX

23 May 2018 , OAX Marketing

We’re back from a successful Consensus in New York. Over the three days we saw a huge number and variety of people, ranging from potential partners to service providers to industry peers wanting to know more about our platform and the technology behind it. We were particularly pleased to see...

OAX Foundation and Enuma Technologies Strengthen Cooperation

15 May 2018 , OAX Foundation

NEW YORK CITY — May 15, 2018 — OAX Foundation Limited and Enuma Technologies are pleased to announce they are further strengthening their cooperation in developing a new decentralized exchange platform for the trading of digital assets. The current system of centralized exchanges and decentralized platforms has inherent weaknesses which limit its potential to...

Development update #7

14 May 2018 , OAX Foundation

A couple of weeks back we gave you a first look at the user interface. Now we’re proud to announce that a demo of the prototype is ready. This is a big milestone as it really shows how everything is coming together. Not only does it mean that we can...

OAX: Ahead of the Regulation Curve

10 May 2018 , Paul Li, General Counsel, OAX Foundation

Nothing has focused attention on digital assets more than the incredible rise of bitcoin prices and other digital assets at the end of 2017 followed by their subsequent fall in January this year. Digital assets have become a popular (and less popular for others) subject of dinner party conversation and...

New articles on Decentralized Exchange Models

07 May 2018 , OAX Foundation

The decentralized exchange concept is getting better known! Our team recently spoke to journalists at global financial media Bloomberg and were quoted in an article explaining the concept to the general audience. The full article is here: https://www.bloomberg.com/news/articles/2018-05-07/new-crypto-exchanges-don-t-want-to-hold-your-money-quicktake My. Gox was hacked and is now in bankruptcy. Also this week,...

OAX Foundation Congratulates Enuma Technologies on Its Ethereum Foundation Grant

03 May 2018 , OAX Foundation

Grant awarded for Sprites technology development; OAX project one of its first real-world applications OAX Foundation is pleased to congratulate Enuma Technologies, the firm leading the development of the OAX project, on being a recipient of an Ethereum Foundation grant. Enuma Technologies is one of the world’s leading blockchain engineering...

New Senior Vice President for Business Management

02 May 2018 , OAX Foundation

We have made another important hire to help us promote our work at the OAX Foundation. Raphaël Tressieres is joining us as Senior Vice President for Business Management at just the right time, with the user interface of the OAX platform at an advanced stage and a full demo almost...

Report from the Roadshow

30 April 2018 , OAX Foundation

Last week we were invited to take part in an internal roadshow organised by HSBC’s digital team for their Global Markets team in Hong Kong. A group of us — including general manager Amanda, head of marketing Kelvin and lead developer Lio — headed to the bank’s HQ to present the OAX platform It...

Development Update #6

25 April 2018 , OAX Foundation

Hopefully you’ve been noticing the increased volume and variety of activities that we’ve been getting involved in over the last few months. These have been across areas including senior level appointments to drive key functions, raising our profile at industry events and educating the wider public about digital assets and...

Taking the OAX Foundation to a Wider Audience

20 April 2018 , OAX Foundation

Last week, our head of branding and communications, Kelvin Wong, was invited as guest speaker to a blockchain class organised by ANX Academy for the Hong Kong Federation of Trade Union. This was attended by about 30 people from a range of backgrounds, all keen to learn more about blockchain....

Spreading the Word

22 March 2018 , Amanda Liu, General Manager, OAX Foundation

Today we’re launching a new blog where members of the OAX management team will share their thoughts on industry issues, give insights into different aspects of our work and generally keep you updated on what’s going on behind the scenes. First up is our General Manager, Amanda Liu. The past...

Kelvin Wong joins OAX to lead the next phase of our promotion plans

12 February 2018 , OAX Foundation

We’re continuing to develop our team by bringing the best people together for each stage of the OAX Project. Following last week’s appointment of Paul Li as general counsel Here, we’re now welcoming Kelvin Wong to the OAX Foundation. He’s taking over from Liam Bussell who guided the marketing of...

Appointment of General Counsel

31 January 2018 , OAX Foundation

Today we’re pleased to announce the appointment of Paul Li as General Counsel to the OAX Foundation, marking an important stage in the development of our legal and regulatory function. Paul was previously in the Financial Regulation Group at Linklaters in Hong Kong. Here, he advised his clients on a...

Our Second Working Group: Development Plans and Regulatory Policies

24 January 2018 , OAX Foundation

Last week we held our second Working Group meeting. For an overview of who’s in the Group and how they’re helping guide the success of the OAX project, take a look at our post about it last week Here. Today, as promised, we want to give you a summary of...

All About the OAX Working Group

15 January 2018 , OAX Foundation

This week sees the second of our Working Group meetings. We’ll be providing a summary of what was discussed shortly afterwards, but thought it worthwhile now posting a reminder of what the Working Group is and what its role is in the OAX Project. The Working Group is designed to...

Taking Cryptocurrencies Mainstream in 2018

02 January 2018 , OAX Foundation

Happy New Year to you all! Here comes 2018 At OAX we’re looking forward to a busy 2018, but just now we think it’s worth taking a quick look back at just a few developments from 2017 that we think are significant for how the cryptocurrency market will continue to...

New member onboard!

15 December 2017 , OAX Foundation

This is our honor to welcome new members, who will bring a variety of experience, into our OAX team! Our new General Manager, Amanda Liu, brings with her decades of invaluable experience in investment and corporate banking. Prior to OAX, Amanda had been Managing Director, Head of Corporate & Investment...

OAX Foundation launches digital asset industry Working Group in Hong Kong

15 November 2017 , Liam Bussell

https://www.prnewswire.co.uk/news-releases/oax-foundation-launches-digital-asset-industry-working-group-in-hong-kong-657655343.html HONG KONG, Nov. 15, 2017 /PRNewswire/ — The OAX Foundation, the not-for-profit entity that supports the development of the OAX decentralized exchange platform, held its first working group for industry participants this week. The aim of the working group is to develop a series of industry “best practices” in the areas...

openANX becomes OAX

06 October 2017 , Liam Bussell

Same Great Project, Simpler Name If you stay abreast of CoinMarketCap (say, refreshing your browser multiple times a day) then you may have noticed a little change on Tuesday this week. openANX is now just listed as OAX, both as ticker and name. (Pronounced like the O-A-K tree, but with...

OAX Development AMA #1—  Transcript

06 October 2017 , Liam Bussell, Head of Marketing; Tamas Herman, Core Developer; Geoffrey Tipton, Core Developer; Lio Lunesu, Technology Advisory; Sawyer Zhang, Development

OAX Dev AMA #1 — Project Discussion “Roadmap and Development” Liam Bussell, Head of Marketing Tamas Herman, Core Developer Geoffrey Tipton, Core Developer Lio Lunesu, Technology Advisory Sawyer Zhang, Development How how do you plan on getting kyc tokens across different regions? Liam: So, the key part is as it was discussed...

Registration is important!

21 July 2017 , Lewis Lin and ByungWoo Sohn

As the 29th of July inches closer, we noticed that many people have not completed their registration. In order for your tokens to be unlocked and available for transfer, you MUST register. If you have not done so, please go and register now at https://registration.openanx.org/. The majority of contributors just...

How to Transfer your OAX Tokens

14 July 2017 , OAX Foundation

A week ago I posted here with details of how to “Register to Activate your OAX Tokens” As we get closer to the 29th July, we are getting a lot of questions so I thought it would be worthwhile to post again just to remind people and answer some of...

The openANX Token Sale has Officially Closed!

04 July 2017 , Liam Bussell

The Sale is Closed! The openANX team would like to thank all our backers and supporters for their assistance in making this sale such a success. As of close, the sale has sold 25,009,249.58 tokens and raised 52,246.28 ETH ($18,756,937 USD), a really outstanding effort! In addition, we have had...

OAX Token Sale Closing

04 July 2017 , ByungWoo Sohn

In just a couple of hours, the OAX Token Sale will be closing! The team is proud to announce that we have reached our funding goal, allowing the Token Sale to be closed at an earlier-than-expected date. More than 24 million OAX tokens were sold, raising over $18 million USD....

How to set up an Ether Wallet and other Last Day Shenanigans

21 June 2017 , Liam Bussell

We’ve had a number of questions from the community about how to set up a non exchange wallet to handle Ether (ETH) in general, and more information about the launch specifically. One of our wonderful team put together a guide to help out. Today has been great (but long) as...

Understanding openANX

19 June 2017 , Liam Bussell & Hugh Madden

In the last few days to run up, we are getting lots of great questions from the community about the project. As a handy reference, I’ve compiled all our Project Overview videos in one handy post for people to view! Introduction to openANX 1. Tell us about openANX 2. What’s...

New Partnership and Advisor News!

12 June 2017 , Liam Bussell

Ready for Blastoff! Things are starting to move very quickly over here, and we are overwhelmed with the support and interest in the openANX Project! Thanks to everyone for reaching out! We’ve had some productive meetings and great discussions and we’d like to formally welcome one new advisor to the...

Launch Retrospective and the Coming Week

30 May 2017 , OAX Foundation

Last week the openANX team was in NYC to announce the launch of the project at Consensus 2017, and to attend Token Summit, two great events that were hugely important to not only us, but the wider community as a whole. We saw a great number of announcements (including our...

What are the benefits of decentralized exchange platforms?

18 May 2017 , OAX Foundation

All cryptocurrency users know the shortcomings of the current centralized exchange model (CEM). Everyone knows about hacks of exchanges, and news of a fresh hack comes along fairly often. Nearly every trader I know has lost some BTC or alt-coins at least once. Does it have to be that way?...

Introduction

17 May 2017 , Hugh Madden & Liam Bussell

In regard to cryptocurrencies, the prevailing reference to “Centralized Exchanges” is arguably misleading and inaccurate as there is no transfer of legal ownership or title taking place when participants (i.e. account holder) act to buy or sell BTC on a digital “exchange”. There is also no record of the participants’...