KuCoin Derivatives Platform KuMex Kicks Off with a 20x Leverage on Bitcoin Perpetual Contract

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KuCoin Derivatives Platform KuMex Kicks Off with a 20x Leverage on Bitcoin Perpetual Contract
The IDG-backed cryptocurrency trading platform KuCoin recently launched its affiliate derivatives platform – KuMex initiating a ceaseless Bitcoin contract leveraging to the tune of 20x.
KuCoin Derivatives Platform KuMex Kicks Off with a 20x Leverage on Bitcoin Perpetual Contract

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Source: CoinSpeaker

KuCoin responds to allegations over discrepancies in trading volume; issues buy-back initiative for KuCoin shares

Singapore-based cryptocurrency exchange, KuCoin was called out for discrepancies in their trading volume, and a bonus was issued to KCS holders. KuCoin released a statement with regard to this and listed “major causes” for these mismatches: “The average trading fee rate per account dropped as we have seen an increase in premium account holders that […]
The post KuCoin responds to allegations over discrepancies in trading volume; issues buy-back initiative for KuCoin shares appeared first on AMBCrypto.
Source: AMB Crypto

CoinMarketCap Makes Its First Acquisition to Provide ‘True Prices’ for Cryptos

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CoinMarketCap Makes Its First Acquisition to Provide ‘True Prices’ for Cryptos
CoinMarketCap has made its first-ever acquisition. The company acquired is Hashtag Capital, a startup involved in developing algorithms that analyze ‘all points of available liquidity’ to more accurately reflect an asset.
CoinMarketCap Makes Its First Acquisition to Provide ‘True Prices’ for Cryptos

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Source: CoinSpeaker

Binance CEO Appreciates Competing Exchange On Supporting Binance Chain & BNB

Coinmarketcap’s 7th largest cryptocurrency, Binance Coin (BNB) and Binance’s native Binance Chain has recently received support from the crypto exchange, KuCoin. The Hong-kong based cryptocurrency exchange, KuCoin broke out an announcement on June 18, 2019, stating that it is listing BNB with pairs of BTC and USDT and the trading will be scheduled to happen from June 19, 2019.
KuCoin Supports Binance Chain and Binance Coin (BNB)
Being the crypto exchange, Binance and KuCoin offer similar crypto trading services and by nature both the exchange appears to be in a competing space. However, the announcement of KuCoin’s supporting BNB impressed the CEO of Binance Exchange Changpeng Zhao/CZ who then took to Twitter and appreciated kuCoin by stating ‘Very smart move from KuCoin to support BinanceChain and BNB’. On June 19, 2019, CZ posted on Twitter;

Very smart move from KuCoin to support #BinanceChain and $BNB.
1. Access to many strong projects already (and will be) on Binance Chain.
2. Attract BNB traders and holders, especially users we had not been able to service. https://t.co/7EX5bC1kAR
— CZ Binance (@cz_binance) June 19, 2019

Currently, KuCoin users can access to deposit and trading service of BNB coins whereas the withdrawal feature will be accessible on June 21, 2019, at 18.00 (UTC+8). While KuCoin began supporting BNB which is the native token of Binance, it’s worth to note that crypto community is questioning CZ and Binance on their plan to list KuCoin’s native token (KCS) on Binance exchange.
Nevertheless, Binance CEO jokingly responded to the ongoing discussion between community which hints KCS to get migrated into BNB chain to get listing support from Binance. As a response, CZ adds, ‘Best answer, lol. That may do it.’
Source: Twitter
BNB Surges and Tradest At Over $35
Moreover, the price of Binance Coin (BNB) on Coinmarketcap is quite flourishing today with 1.27 percent over the past 24 hours. The coin currently stands as the 7th largest cryptocurrency which valued at $35 against the US dollar and the current market cap counts at $4,961,569,716.
Image Source – Coinmarketcap
Also Read – Binance Launches a New Cryptocurrency, BTCB, Pegged to Bitcoin
While exchanges like KuCoin finally hit its floor to list BNB, Binance CZ himself is uncertain on BNB’s listing on their new US-based trading platform Binance.US. However, CEO during a live stream on Tuesday states that;
“We’ll work very hard to try to get BNB listed on Binance.US. On the positive side, if you look at Binance Uganda, Binance Jersey, Binance Singapore .. they all have BNB listed already. … But again, until there is an official announcement, we don’t know,”
The post Binance CEO Appreciates Competing Exchange On Supporting Binance Chain & BNB appeared first on Coingape.
Source: CoinGape

Bitfinex Expands Its Ecosystem Launching IEO Platform Tokinex

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Bitfinex Expands Its Ecosystem Launching IEO Platform Tokinex
Today Bitfinex enters the popular business of initial exchange offering (IEO). The first sale on the new platform called Tokinex will be announced this Thursday 23rd May.
Bitfinex Expands Its Ecosystem Launching IEO Platform Tokinex

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Source: CoinSpeaker

Initial Exchange Offerings: The Benefits and Limitations

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Initial Exchange Offerings: The Benefits and Limitations
In this article, we want to in-depth explain the benefits of IEO for your business and its limitation. Nonetheless, to give ultimate tips on how to run a profitable IEO project.
Initial Exchange Offerings: The Benefits and Limitations

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Source: CoinSpeaker

CoinMarketCap Forms New Alliance, Announces Stricter Listing Policy

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CoinMarketCap Forms New Alliance, Announces Stricter Listing Policy
CoinMarketCap Data Accountability and Transparency Alliance has already been joined by Binance, Bittrex, OKEx, Huobi, Liquid, UpBit, IDEX, OceanEX, Gate.io, KuCoin, HitBTC and Bitfinex.
CoinMarketCap Forms New Alliance, Announces Stricter Listing Policy

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Source: CoinSpeaker

Initial Exchange Offerings: 3 Upcoming Projects to Watch Right Now

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Initial Exchange Offerings: 3 Upcoming Projects to Watch Right Now
As IEOs are becoming more and more prevalent holding the potential of replacing ICOs as the most popular fundraising model, you might ask “which are the ones worth watching?”. Here’re three IEO projects you should keep an eye on right now.
Initial Exchange Offerings: 3 Upcoming Projects to Watch Right Now

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Source: CoinSpeaker

KuCoin Users Can Now Custody Their Own Crypto Assets

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KuCoin Users Can Now Custody Their Own Crypto Assets
KuCoin crypto exchange has entered in a partnership with Arwen to allow its users to custody their crypto assets while trading.
KuCoin Users Can Now Custody Their Own Crypto Assets

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Source: CoinSpeaker

Liquid.com Hits $1 Billion Valuation Closing Its Latest Funding Round

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Liquid.com Hits $1 Billion Valuation Closing Its Latest Funding Round
Owing to the investments made by Bitmain and IDG Capital in Series C funding round, crypto trading platform Liquid.com has become a new crypto unicorn.
Liquid.com Hits $1 Billion Valuation Closing Its Latest Funding Round

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Source: CoinSpeaker

Crypto Exchange Bithumb Hacked for $19M EOS By the Insider

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Crypto Exchange Bithumb Hacked for $19M EOS By the Insider
South Korean crypto exchange Bithumb was hacked last night for three million EOS ($13 million) and the exchange believes it was compromised by its own employees.
Crypto Exchange Bithumb Hacked for $19M EOS By the Insider

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Source: CoinSpeaker

Monero [XMR] paired with Bitcoin [BTC] and Ethereum [ETH] on KuCoin

Monero [XMR], the thirteenth largest cryptocurrency by market cap, gained support from KuCoin, one of the leading cryptocurrency exchange platforms. KuCoin announced the same through an official blog post, which stated that they would be supporting the popular privacy currency on their platform, enabling trading services for the Monero community.
The official announcement read that the coin would be paired along with Bitcoin and Ethereum. Furthermore, the blog stated that the deposits for Monero had already been enabled for its users. Trading services for the cryptocurrency will begin from 26 March at 18:00 [UTC + 8] and withdrawal services will be enabled from 28 March at 18:00 [UTC + 8].
The exchange also warned users about the risks associated with investing in cryptocurrencies, stating that this equates to being a venture capital investor. The exchange also reminded its users that the cryptocurrency market has no opening or closing time like the trading market. More so, the exchange also advised users to be careful before entering the cryptocurrency and blockchain technology space. They said,
“KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence there are still risks when investing. KuCoin is not liable for investment gains or losses.”
Notably, this news came in right after Binance, the largest cryptocurrency exchange by trade volume, and Tor Project announced additional support for the privacy coin.
Earlier this month, Binance announced that they added more trading pairs for Monero; with the coin being paired with Binance Coin [BNB] and Tether [USDT]. This was followed by Tor Project, a non-profit organization, announcing that they would be accepting Monero for donations.
The post Monero [XMR] paired with Bitcoin [BTC] and Ethereum [ETH] on KuCoin appeared first on AMBCrypto.
Source: AMB Crypto

KuCoin Hits its First IEO for MultiVAC Project Resulting Native Token Pumped Higher

Native tokens of Major cryptocurrency exchanges are moving the upside graph of Coinmarketcap following their interest in trending IEO concept. One of such token is KuCoin shares from KuCoin exchange which gains higher value after hosting the first project on Spotlight (The name of KuCoin’s IEO). At the moment, the KCS token has gained 15.17 percent over the past 24 hours.
While Bittrex Suddenly Cancels its First IEO of RAID project, KuCoin took a leap with its Spotlight for a project called MultiVAC. Reportedly, the project is the first of its kind that hosted on KuCoin Spotlight platform. Interested users must hold KCS token and participate in MultiVAC Spotlight/ Initial Exchange Offering – increasing interest in KuCoin’s first Spotlight is likely the strong reason that influenced KSC’s market cap.

Let’s put our Spotlight on MultiVAC!
It’s my pleasure to introduce the pioneering all-dimensional sharding and flexible blockchain to you: MultiVAC, which is also the first project of KuCoin Spotlight. pic.twitter.com/1a3maI8AHM
— Michael Gan (@gan_chun) March 25, 2019

Accordingly, the exchange had successfully completed the Spotlight of META token. Speaking the similar regards, CEO Michael Gan also shared yet another announcement;
We will release the first Spotlight project within 24 hrs. Our derivative trading platform KuMex is also on the way and KCS will play a key role in it. Please stay tuned!!
KCS Token is Rising
As per the data provided by Coinmarketcap, KCS stands at 55th position with the value $1.31 US Dollar. Moreover, the average market cap of KCS token counts $117,746,520.
Source: Coinmarpetcap.com
However, IEO is as equal as Binance’s launchpad – Indeed, Binance is the early player in the crypto market to capture major crypto community with its new updates such as Binance Launchpad, Binance DEX, and Binance Chain. As Coingape reported, OKEx is also following the footprints of Binance exchange and announced its native blockchain called OKChain, OKDEx (decentralized exchange) and OKJumpstart.
So readers, do you think IEO is an effective concept in against ICO? share your thoughts with us.
The post KuCoin Hits its First IEO for MultiVAC Project Resulting Native Token Pumped Higher appeared first on Coingape.
Source: CoinGape

KuCoin Shares [KCS] Soared in Double-Digit After Exchange Announced New IEO

Just like ICO trends owned crypto market in 2017, Initial Exchange Offering (IEO) is booming in 2019. KuCoin has recently joined the party of IEO with many other cryptocurrency exchanges to help blockchain projects raise funds. Consequently, the new IEO platform of KuCoin is called Spotlight just like OKjumpstart of OKEx (as reported by Coingape).
Following KuCoin’s IEO launch, its native token “KCS or KuCoin shares” started soaring the volume on the graph of Coinmarketcap. To make it clear, the idea is that KuCoin’s IEO or Spotlight will only support its native token, KCS meaning, any project that expects to raise funds with Spotlight IEO, will have to use KCS and let users settle transactions.

A new program of us, we name it Spotlight, is coming soon, and we believe it will be a launch platform for hidden gems in blockchain that have real potential and value. pic.twitter.com/SuQRN3WQRu
— Michael Gan (@gan_chun) March 11, 2019

At the moment, KCS is up with 12.16 percent over the past 24 hours. Accordingly, it seeks out to enter the round of 60th largest cryptocurrency, presenting sits on the 61st spot with trading value $1.17. Furthermore, KuCoin shares or KCS token held the average market cap $104,984,455.
Source: Coinmarketcap.com
At the time of reporting, KCS’s trading volume is split on KuCoin’s platform in difference trading pairs including KCS/USDT, KCS/BTC, KCS/ETH. NEO/KCS. XRP/KCS, CS/KCS, LTC/KCS. EOS/KCS and GO/KCS.
Image source – Coinmarketcap
As per the website and official announcement, anyone interested in Spotlight IEO will have to complete KYC in advance. However, not many details on KuCoin’s IEO is available at present. The announcement reads that;
KuCoin Spotlight will officially announce its first Spotlight project within this week. The Spotlight token sale is on a first-come, first served basis. The sale will be based on KCS and the actual price in KCS will be announced on the day of sale.
The post KuCoin Shares [KCS] Soared in Double-Digit After Exchange Announced New IEO appeared first on Coingape.
Source: CoinGape

BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

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BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

Tron will start distributing its BitTorrent Token in airdrops, to its TRX holders through the Binance Launchpad platform. The Tron Foundation plans to airdrop tokens for the next six years up to February 2025.

BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

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Source: CoinSpeaker