KuCoin Global Cryptocurrency Exchange Launches Fiat Account for USD Deposits
KuCoin — the third-largest cryptocurrency exchange — has announced that it is launching the KuCoin Fiat Account. The new function will be giving users of the exchange the opportunity to use fiat via debit or credit cards to make purchases of digital assets, such as Bitcoin, Ethereum, and others. With numerous newcomers to the crypto […]
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KuCoin is partially restoring crypto withdrawals after a major hack. The KuCoin cryptocurrency exchange is partly restoring deposits and withdrawals following a major hack.As KuCoin officially announced on Oct. 7, the platform has completed the wallet security upgrade for major cryptos like Bitcoin (BTC), Ether (ETH), and Tether (USDT).Following the upgrade, KuCoin has resumed the deposit and withdrawal service of BTC, ETH, and ERC-20-based USDT. According to the announcement, USDT running on other blockchains like EOS, Tron, and Omni is not yet available for withdrawals. KuCoin....
BTC China told CoinDesk it is expecting to reinstate deposits in RMB soon. Bobby Lee said he is now working with another third party payment company to try and reinstate RMB pricing, and is hoping to make an announcement on the Weibo account in the next few hours. This will now be the firm's third payment provider relationship inside a week. Lee brushed off worries that the new relationship could also be placed in jeopardy by PBOC's most recent move. "If this keeps happening, ten times later, will I keep going? I don't know. I can't predict the future. But for now we're going to try one....
A dizzying lack of transparency as the crypto exchange is hacked and $150m in customer funds goes missing Back in April of 2020, Cointelegraph took a close look at the KuCoin cryptocurrency exchange. Investigating the apparent lock of the primary domain name, which was a result of a legal case under the jurisdiction of the High Court of Singapore, we concluded that:In the absence of clarity from any of the individuals mentioned in this article, or from the company itself, users of the KuCoin cryptocurrency exchange will likely want answers on whether they are sending their money to....
KuCoin takes the lead in metaverse market fast-tracking as it launched a dedicated metaverse trading section on its official website amidst the ongoing NFT craze. The global KuCoin exchange has accelerated its integration into the rapidly growing mainstream blockchain-based gaming sector by introducing a specialized section on the trading venue that allows gamers and traders […]
KuCoin users were unaffected by the $285 million hack of 2020, as insurance funds covered the $16 million unrecovered from the incident. KuCoin CEO Johnny Lyu has revealed that users did not suffer losses on account of the hack that occurred in 2020. The KuCoin chief made this known as part of a letter titled “2020, 2021, and Beyond.”Back in September 2020, the cryptocurrency exchange suffered a security breach with 230 different cryptos stolen from its hot wallet. At the time, the total theft amounted to about $285 million.In the letter, Lyu revealed that the combined efforts of other....