https://t.me/Kucoin_Coins_Token

2022-12-09 21:41:01 Bybit introduces new KYC requirements for P2P trading, fiat deposits and NFT trades

Bybit will require updated Know-Your-Customer (KYC) verification checks for various products from Dec. 15. Bybit's one-click buys, fiat deposits and peer-to-peer trading will require individual KYC, as will NFT purchases and sales of more than $10,000 on the secondary marketplace, according to a new post in the exchange's help center. NFT deposits, withdrawals and purchases from the primary marketplace will have compulsory KYC enforced from Dec. 30. Withdrawal limits for each KYC level will also change on Dec. 20, with non-KYC users able to withdraw a maximum of 20,000 USDT per day and 100,000 USDT per month. Crypto deposits and trading appear to be unaffected.

Source

https://t.me/Kucoin_Coins_Token Open / Comment

2022-12-08 18:41:00 Senate Banking Committee calls on Bankman-Fried to testify on Dec. 14

The U.S. Senate Banking Committee wants Sam Bankman-Fried to testify on the collapse of his crypto exchange, FTX and linked trading firm, Alameda Research. The letter requests Bankman-Fried's presence on Dec. 14, the day after a scheduled House hearing."As the Founder and CEO of FTX Trading Ltd. at the time of its collapse and the founder, principal owner, and former CEO of Alameda Research, you must answer for the failure of both entities that was caused, at least in part, by the clear misuse of client funds and wiped out billions of dollars owed to over a million creditors," reads a letter from Senate Banking Committee Chair Sherrod Brown, D-Ohio.

Source

https://t.me/Kucoin_Coins_Token Open / Comment

2022-12-07 19:03:00 Grayscale Faces Lawsuit as GBTC Plunges to Record Low 43% Discount

New York-based hedge fund Fir Tree Capital Management has filed a lawsuit against digital asset manager Grayscale Investments over “potential mismanagement and conflicts of interest” at the firm’s flagship Bitcoin fund, according to a Bloomberg report. The news came as Grayscale Bitcoin Trust’s (GBTC) discount plunged to a record low discount of more than 43% from the underlying Bitcoin value on Tuesday, with Fir Tree alleging that this is partly the result of Grayscale issuing “an immense number” between 2018 and 2021 without providing investors means of exiting their positions aside from selling shares to other investors.

Source

https://t.me/Kucoin_Coins_Token Open / Comment

2022-12-06 22:03:00 Paraguay legislature strikes down crypto mining bill

Paraguay struck down a crypto bill that would cap electricity rates for mining operations. The bill was generally aimed at regulating the commercialization, intermediation, exchange, transfer, custody and administration of crypto assets, CoinDesk first reported. Senator Fernando Silva Facetti at the time said that the president's decision ignored "the existence of this activity that today functions in regulatory shadows.".Speaking to the lower house of Paraguay’s legislature on Monday, Deputy Tito Damián Ibarrola said that the country had an abundance of renewable energy and would benefit from the taxes deriving from its sale to the bitcoin mining industry.

Source

https://t.me/Kucoin_Coins_Token Open / Comment

2022-12-05 22:03:02 Sam Bankman-Fried may not testify before US Congress on Dec. 13

FTX founder Sam Bankman-Fried may not testify before the U.S. House Committee on Financial Services on Dec. 13 because he is still “learning and reviewing what happened” at the bankrupt exchange.SBF has maintained that he knew nothing about what caused FTX collapse, attributing it to mistakes detected late. According to him, he would testify when he has enough clarity on what led to the implosion of his exchange. FTX founder has granted several interviews to media houses and journalists, which included the Financial Times, Wall Street Journal, Good Morning America, and multiple Twitter spaces.

Source

https://t.me/Kucoin_Coins_Token Open / Comment

2022-12-04 21:52:00 BNX Price Tanks 80% on Rumors of BinaryX Team Selling Treasury Tokens

The BinaryX BNX token has fallen by over 50% in the last 24 hours following rumors of its developers selling treasury tokens. Rumors surfaced earlier today that 4 million BNX was being dumped per hour on Binance alone. A crypto trader also asked the BinaryX team to answer questions concerning certain transactions. All this generated panic within the BinaryX community as many speculated that the sellers were the token developers. Several crypto short sellers have profited from the situation, with many averaging returns of over 300%. Elle, a verified analyst on Tradingview, made over 900% profit, while other traders like 0xRajee also made substantial profits from shorting the token.

Source

https://t.me/Kucoin_Coins_Token Open / Comment

2022-12-03 22:25:07 Alameda Covered a $1 Billion Loss for FTX in 2021

Alameda lost hundreds of millions covering a client’s unusually large margin position on an obscure token in April 2021. This news comes amid claims from former FTX CEO Sam Bankman-Fried that FTX and Alameda were independently operated firms. FTX’s sister trading desk, Alameda Research, bailed out the exchange before it suffered a possible $1 billion trade loss in early 2021. As reported by the Financial Times on Friday, people familiar with the matter said FTX suffered massive losses after a client’s leveraged trade on an obscure crypto token went south. Meanwhile, the “buffers” designed to shield the exchange from losses on a bad trade failed to protect FTX.

Source

https://t.me/Kucoin_Coins_Token Open / Comment

2022-12-02 21:41:02 Bitmex to allow depositors to self-verify liabilities

Bitmex launched a system that will allow all depositors to self-verify their liabilities in the crypto exchange's total liability balance sheet. The update accompanies Bitmex snapshots of reserves and liabilities that are published every Tuesday and Thursday. To self-verify liabilities on Bitmex, users must download the latest liability snapshot and install an open-source tool from GitHub. The tool can be run from the Terminal application on Mac or Linux via a short series of commands. Bitmex depositors also have their nonces, arbitrary numbers allowing cross-references against the exchange's published liabilities, available on their individual "My Account" pages.

Source

https://t.me/Kucoin_Coins_Token Open / Comment

2022-12-01 19:00:00 Ethereum accumulation trend hits new highs following FTX implosion

Ethereum whales and sharks have been accumulating Ether (ETH) at a record rate since the FTX crash, Santiment reported on Nov. 30. The market intelligence platform revealed that wallets holding between 100 and 100,000 ETH had reached a 20-month high. Santiment highlighted the accumulation pattern leading to Ethereum Merge. According to the chart, Ethereum whales and sharks acquired more ETH in the weeks preceding the Merge, which pushed the asset’s value up but dumped immediately after the Merge. The blockchain analytics firm noted that the addresses dumped between October and November.

Source

https://t.me/Kucoin_Coins_Token Open / Comment

2022-11-30 21:41:03 Kraken cuts 30% of staff to 'weather crypto winter'

Kraken, one of the world’s largest crypto exchanges, will lay off 30% of its headcount, or 1,100 people, “in order to adapt to current market conditions,” co-founder and CEO Jesse Powell said on Wednesday.Kraken will offer 16 weeks of compensation as severance and will extend the affected employees’ vesting window. In a blog post titled “Kraken Takes Steps to Weather Crypto Winter,” Powell said that slowing growth, prompted by “macroeconomic and geopolitical factors,” had muted customer demand, lowered trading volumes and cut sign-ups. Sam Bankman-Fried’s crypto empire filed for bankruptcy on Nov. 28 and has shed several hundred employees in the restructuring process.

Source

https://t.me/Kucoin_Coins_Token Open / Comment