Jason Lau
@jasonklau
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Chief Innovation Officer @OKX & Chief Operating Officer @Okcoin. Making bitcoin & crypto more accessible. All tweets are my own. Telegram @jasonklau.
Joined April 2009
Let me see if I got this right:. A bunch of banks regulated by. The Federal Reserve.was suddenly shut down by. The Federal Reserve.and depositors bailed out by. The Federal Reserve.all bc of interest rates set by. The Federal Reserve.
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Called @Vanguard_Group to ask why I couldn't purchase #bitcoin ETFs. Answer was non-sensical; and the representative didn't even know a #bitcoin ETF had just been approved!. After being a customer for 17 years, I ended up closing my account and moving everything to Fidelity.
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Last week, a few clients mentioned that our #BTC on-chain withdrawal fees were a little high (w the mempool relatively empty). So, we've lowered it to 0.00002 BTC (~$0.99). And ofc, #LightningNetwork withdrawals are also available for ~10 sats.
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Tether $USDT is being listed on Coinbase - a validation of the largest stablecoin out there. Recently, on @OKCoin, we've seen a large increase in USDT activity both on our USDT/USD order books and via OTC.
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Explain to me how surveilling $600 accounts will hold billionaires accountable.
āThereās a lot of tax fraud and cheating thatās going on.ā Treasury @SecYellen tells @NorahODonnell the proposed $600 IRS reporting requirement for banks is āabsolutely notā a way for the government to peek into Americanās pocketbooks but to hold billionaires accountable.
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If I wanted to donate $10,000 to support #Bitcoin. How would I do that?. Do devs take donations? @starkness . Train new devs? Scholarship via @jimmysong ?. Buy and give away 500 copies of @saifedean ās book to libraries?. But ads for @APomplianoās podcast?. Ideas welcome!.
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Excited to announce @Okcoin's latest #Bitcoin developer grant, $150,000 towards the work of Gloria Zhao @glozow!. She's a Bitcoin Core contributor focusing on Package relay, a @bitcoinbrink fellow, & runs the BTC PR review club. We're glad to support her!.
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A majority of USDT withdrawals and deposits we see are on the #TRON network - as fees are cheaper over there (vs the ERC-20 version). P.s. we also support USDT on $ALGO and Omni.
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We will be suspending $XRP trading and deposits on Jan 4th.
OKCoin is suspending XRP trading and deposits.
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@BitcoinMagazine I'd definitely trust #Bitcoin more than an oracle database controlled by one single party.
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The rumors were correct. We are launching a new Layer 2 and weāre proud to be working w @0xPolygonLabs to do so!. X1 is the name and itās another part of our strategy to bring our users onchain and into the world of web3. Follow @X1_Network and @okx for more updates!.
OKX is using Polygon CDK to build a ZK-powered Layer 2 network that connects the 50 million+ OKX user base to the broader Ethereum community, to allow anyone to take part in a truly secure and unified global onchain ecosystem. Itās called X1. @X1_Network will be a secure,
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Consensys is building a KYC tool to track activity across Ethereum #DeFi. This will make DeFi "safe, transparent, much easier to trace.". I thought the main point of DeFi was no KYC?.
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Congrats to @amizi as a grant recipient from @OKCoin and @BitMEXdotcom to continue building #bitcoin. Sheās been working on how nodes rebroadcast in order to improve privacy. š.
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You know youāve been in finance when the first thing that came to mind was Deutsche Bank instead of Grok. š
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As promised! And, there's more inscriptions support coming soon to the OKX wallet!.
Stamps army where you at? We've got exciting news for you!. The viewing and transferring of SRC-20 tokens is now supported on the #OKXWeb3 Wallet:.ā
In-built UTXO Management.ā
Network and protocol labels.ā
Available on both app and web. Explore now:
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We promised and delivered. Inscriptions market. And thereās more to come.
More and more application will build on the Bitcoin blockchain, and we will see more diversificiation for utility and applications. The OKX team is working hard to contribute and Iām pleased to say our latest @okxweb3 update is live with support for emerging standards like
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@bradmillscan āMiami Agreementā š. Seriously, weāve added lightning support and users are loving it. Weād love to see wider ecosystem support. On pricing in sats - stay tuned!.
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Are people buying Ethereum Classic (+275% over past 7d) bc they think it's a cheaper version of ETH?.
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What happened to $DAI between Feb 25 and Mar 10?.
Q1 change in stablecoin supply: $USDC expanded by 22%, more than any other major global stablecoin š„
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Been following this for a while - congrats to the @Stacks community!. This is a big upgrade and will really improve the experience of using the network.
The Stacks Nakamoto Upgrade is live š§”. 1. Stacks transactions once confirmed are now at least as irreversible as Bitcoin's. 2. A significant reduction in transaction times. 3. The technical foundation for sBTC launching later this year. Learn about what's next š 1/2
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Withdrawals & deposits for #bitcoin #LightningNetwork ā”ļø are now available via @Okcoin API!. Generate and pay hundreds of invoices seamlessly & be able to convert immediately into USD. Check it out:
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The @OKX wallet teamās one of the best. More than accolades though, they want feedback! Give the wallet a try and let us know how to do better š. What features are missing? How can we make the UX more smooth?.
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@Frances_Coppola There are plenty of bitcoiners that do know how it works, having spent years in finance. Who exactly are you referring to?.
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Just launched! . Upgrade to the latest version of our app to use #LightningNetwork ā”ļø@OKCoin . (both iOS and Android).
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Iām being asked why the $STX ecosystem is so š„ recently. Might as well share what Iām seeing:.1) āBuilt on #bitcoinā is resonating.2) young, vibrant ecosystem - NFTs, earning.3) high activity, leading to frequent on-chain congestion.4) excitement for upcoming protocol upgrades.
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PSA: We have 296 job openings right now, across geographies and functions. Apply directly or DM if you want to learn more!.
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@adamscochran @Vanguard_Group Ridiculous - let investors choose. I'm going to be calling them up tomorrow, possibly to move everything over to Fidelity.
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Who says ā”ļø can't strike twice - we've got two announcements today!. 1) #LightningNetwork is now live on @OKCoin! Come give it a try!.2) We are giving a grant to Antoine Riard - who's an open source #bitcoin developer specifically focusing on Lightning.
.@OKCoinās integration of the Lightning Network is live, and the exchange is christening the integration with a grant to Lightning developer Antoine Riard. @hfangca.By @AsILayHodling .
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Hmm. @udiWertheimer and @ercwl just announced sovereign roll ups on #bitcoin using ordinals. Interesting!
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We're excited to announce that we've partnered with @paradigm for the renewal of our grant to @MarcoFalke, one of #Bitcoin core's maintainers!.
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OKX added #bitcoinĀ #LightningNetwork ā”ļøsupport over two years ago. Though early, we wanted to ensure @okx users have choice, and access to cheaper & faster bitcoin txns when needed. We also wanted to support the growth of the ecosystem, something we continue to do today!.
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Just to reiterate - Okcoin has no exposure to FTX, Alameda, or FTT (the token). Operations and the security of customer funds, crypto or fiat, are not impacted.
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Arrived in HK and Friday night isš„ w a packed house for Builder Nights. @ysiu shares his thoughts on why HK is the place to be for Web3 in Asia, and a great panel on AA. Nice job putting this together @francescoswiss!
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We're working hard on supporting this! . Also, how awesome to see a laser-eyed large financial institution talk about #bitcoin like this š.
Ordinals & Layer 2 solutions on Bitcoin shouldnāt be ignored. These are vital to solving Bitcoinās economic security problem and increasing BTCās utility as a SoV.
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You've secretly been hoping for a dip. Now that it's here, what do you do?.
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Having experienced this on a personal and company level, pretty cool that this Thanksgiving weekend all weāre talking about is debanking šŖ.
tech and crypto founders: keep telling your stories of debanking. blot out the sun. don't let the critics pretend it didn't happen. don't let them marginalize you because you're not the "perfect" victim. make it impossible for them to deny.
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Amazon is dropping Visa because fees are too high. Perhaps consider accepting #LightningNetwork & crypto?.
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Come give it a try! sats mode!.
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Yes, there are custom pillows made just for Satoshi Roundtable. @SatoshiRoundtbl @brucefenton š
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Soā¦ are people rotating from.$DOGE (-12%) into $LTC (+18%)??
Bizarre, and tells you what stage of the cycle we are in:. Was asked about $LTC and $DOGE when buying eggs (saw my Okcoin shirt), then having an older lady jump in and say āsell it now, itās going to crashā. š
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Props to @jespow @pierre_rochard @danheld & the rest of the team at Kraken. A great gesture of support and generosity for #Bitcoin & open source development. We love @BtcpayServer also and are super excited for them. Congrats!.
You've asked:.WEN KRAKEN? KRAKEN WEN? KRAKENWENKRAKEN??. We are thrilled to announce that the we received a grant of 150,000 USD (received and held in #Bitcoin) from @krakenfx. šš. This the biggest donation weāve received so far. More on our blog
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How does any blockchain shut down for hours?.
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@joeykrug Had a bank rescind a pre-approved mortgage last minute, because they don't recognize any income that originates from a crypto company š¤·āāļø.
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Lots of good news today, and the price action is just one of them. š„.
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This is the most amazing showcase of what @TwitterSpaces can be. The El Salvadorian President and his brother are in here talking the #bitcoin bill with thousands of us - WHILE the bill is being debated and voted on in parliament.
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A year ago, we werenāt sure if BTC could decisively break and stay above $10k. Just some perspective as some are freaking out bc #bitcoin touched $40k.
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Senators @SenFeinstein and @AlexPadilla4CA, . Please #DontKillCrypto in the US & vote YES on the Wyden amendment & NO on the Portman amendment. Californians deserve a financial system free from surveillance and open to innovation.
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Just in time for #Bitcoin2021 - weāre announcing another #bitcoin developer grant recipient!. Congrats @promag !.
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@Frances_Coppola To be clear, you are arguing that not a single person out of the 46m bitcoiners in America understands the financial system?. (We can ignore the millions more outside USA for now).
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Somehow, we don't hear enough about what's going on w #Bitcoin #lightningnetworkā”ļø. Okcoin's node is now #16 overall w 41 BTC. Two months ago we were at #31 and 25 BTC. š
whoa! public lightning network capacity just crossed 3,000 #bitcoin š. find me a better looking chart than this, i'll wait. meanwhile, keep doing what y'all are doing ā”ļø. h/t @kerooke
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Itās been two years since @okx and @okcoin added #LightningNetwork ā”ļøsupport. No better time to try it out if you havenāt yet.
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So, where do people who move from California to Texas actually settle down?. Austin? Dallas?.
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Our latest grant is for @josibake and @SomsenRuben as they launch and build @2140dev - a non-profit dedicated to sustainable Bitcoin research and development. Weāre excited to be supporting your efforts to building Bitcoin careers!.
We've been backing Bitcoin since 2019, funding BUIDLers in the ecosystem with nearly $2M in grants šŖ. Our latest grant was awarded to @2140Dev at #BitcoinAmsterdam to support innovations in network security, resilience, and maintainability. More ā¶ļø
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Stacking STX is now supported in the OKX Wallet!.
š„ Join the future of Bitcoin on @okxweb3. You can now stack $STX and earn yield in $BTC right from the OKX Wallet thanks to @Stacks and @xverseapp! . Get started here ā”ļø
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@MattHaneySF @MPSellitto @UberEats I find it hard to believe that the only way Treasure Island residents can get access to food is via Uber Eats. If residents despise Uber Eats that much, just donāt order from them? . If NO ONE is delivering to Treasure Island, then maybe itās time to revisit the new regs?.
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@brian_armstrong @BankofAmerica Not defending BofA at all. But Brian, my @coinbase account was closed back in 2016 in pretty much the same manner. No answers provided when asked. The problem isnāt BofA or Coinbase, but systemic - the current system just isnāt designed to be inclusive.
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So excited and humbled to be able to support @fjahr and his work on #bitcoin . Wasnāt too long ago that I was listening to Fabian on @TFTC21 talk about his residency at @ChaincodeLabs. Thanks @jfnewbery @moneyball and also @hfangca and @OKCoin for making this happen!
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Itās Saturday morning here in HK and thereās 50+ of us crammed in a room bug bashing our @okxweb3 DEX and cross chain swap feature. Love the team š.
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Every foreigner that goes to China is āunbankedā. No wechat pay, no Alipay, no DiDi, š
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So far, 90% of the teams I met who are building Defi for the unbanked never met a single unbanked in their entire life . My favorite question for them is ādescribe the life of any unbanked ppl you know, as detailed as possibleā . š¤š¤š¤.
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Canāt wait for you all to see the upcoming updates to the OKX Wallet - amazing design and improved experience!. @okxweb3.
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Bitcoin block space being in demand is a good thing!.
22.5 BTC in fees paid to miners in 3 blocks. If you hate this, you hate Bitcoin.
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Great succinct summary of why we at @OKEx_ are so excited about our expansion to Malta. When I visited in April, @JosephMuscat_JM & @SilvioSchembri explained their incredible vision to us, and all stakeholders have fully executed on it so far. š
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@MariaShen @ElectricCapital This is awesome. You guys always put out amazing research . One thing - missing OKX Wallet in the self-custodial wallet!.
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Huge step for HK. It seems these ETFs will support in-kind creation and redemption, meaning you can deposit BTC directly and swap for a unit of the ETF. This isn't supported for the US #bitcoin ETFs - a big difference. Coupled with the different capital base, these differences.
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My piece on how Taproot is a win for the #bitcoin ecosystem as a whole. Thanks @BitcoinMagazine. Comments and feedback welcome as always.
Taproot: An Example Of Bitcoinās Win-Win Logic. "Taproot is a win for everyday users because it will make transactions cheaper. Taproot is a win for sophisticated users too, because it will make Bitcoin more private and fungible.". Written by @jasonklau.
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Denver was fun. Itās been years since weāve had such energy. Best part was hearing all the positive feedback from so many @okxweb3 users! We know thereās more work to do and will work even harder. š.
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Can confirm, @Okcoin 's #LightningNetwork ā”ļø node capacity is up 90% over past 2 months to 26.6 #BTC .
Read deeper into this š.
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At the Satoshi Roundtable @SatoshiRoundtbl this year and I love that there's so much conversation and excitement about #Bitcoin - ordinals, L2s, you name it. Learning quite a bit. Some of the most packed sessions were #bitcoin related!.
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We will be sunsetting the @Okcoin brand and transitioning to @OKX over the next few months. Weāve been working on this for a while now and Iām super excited to be able to share it more broadly. See Hong's thread here for more details:.
We've made a decision to rebrand Okcoin globally to OKX over the coming months. Such a bittersweet moment. A threadā¦š§µ.
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Someone mentioned that the median #btc on-chain withdrawal fee for other exchanges are 0.0005 BTC (~$25). š¤.
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