KuCoin

BTC Futures Open Interest Hits $23B, Binance Captures Lion’s Share, Signals Say 43% Chance of $64K Bitcoin by Month’s End

<div class=”featured_image_container”> </div> <strong>Bitcoin futures open interest on Monday has crossed $23 billion according to data recorded on April 5. The crypto asset exchange Binance has taken the lead as far as open interest in bitcoin futures is concerned with a massive $10.5 billion in open interest.</strong> Binance Captures the Bitcoin Futures Lead Not too …

BTC Futures Open Interest Hits $23B, Binance Captures Lion’s Share, Signals Say 43% Chance of $64K Bitcoin by Month’s End Read More »

New Suez Protocol to Incentivize Canal Dredging, Offer Digital Collectibles, and Split Toll Proceeds

<div class=”featured_image_container”> </div> <strong>In its latest salvo to fix the world’s most concerning problems, Kucoin is adding a brand new coin to its exchange platform. Designed to keep the world’s key waterway open and prevent future trade blockages, the innovative Suez Protocol will reward owners in smiles. Too soon?</strong> Determined to Help Fight Future Trade …

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How wallet platforms are taking on exchanges

One of the biggest trends in recent months has seen Bitcoin flow out of exchanges into wallets. Generally, this is interpreted as a bullish sign — indicating that investors are optimistic about further growth in cryptocurrency prices.  But delve deeper, and there’s more to this than meets the eye. The crypto industry has grown immeasurably …

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Exchange tokens benefit as centralized exchanges battle with DeFi platforms

Fresh institutional and retail investor inflows into the cryptocurrency market have led to bull market conditions for many top tokens from blue-chips like Bitcoin (BTC) and Ether (ETH) to more recently established DeFi projects like AAVE and Synthetix (SNX). Exchange tokens are another easily overlooked sub-sector of the market but they have been performing exceptionally …

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Token Projects Are Not Happy With KuCoin’s Handling of $280M Hack

The latest face-saving communique from Seychelles-domiciled crypto exchange KuCoin – hacked almost two months ago for over $280 million – is that 84% of the affected assets have been recovered. Some victims will be glad the situation seems to be moving towards resolution. Others, not so much. Leaving aside the conspiracy theories, death threats and alleged …

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75 crypto exchanges have closed down so far in 2020

As least 75 crypto exchanges have closed down due hacks, exit scams or simply disappeared for unknown reasons so far this year.  According to the Crypto Wisser Exchange Graveyard five of the exchanges, including Hotbit, FinexBox, and WCX, were labelled as scams, and four including Altsbit, and Nerae, were flagged as being hacked. In total …

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Kucoin CEO Says Exchange Hack Suspects ‘Found,’ $204 Million Recovered

According to the Kucoin exchange CEO Johnny Lyu, the trading platform has recovered $204 million in crypto assets since October 1. The exchange executive says the hacking suspects have been “found” and the “police are officially involved” in order to take action. On September 25, 2020, the crypto community found out that the Kucoin exchange …

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COVID-19, Trump, KuCoin, BitMEX: Bitcoin price says keep calm and carry on

Bitcoin (BTC) price appears on the verge of closing another week pinned below the $11,000 resistance but given the major events of the week, things could have been so much worse.  Cryptocurrency daily market performance snapshot. Source: Coin360 The top-ranked cryptocurrency by market cap held its ground as KuCoin revealed more than $150 million worth …

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What BitMEX scandal? Bitcoin futures data shows traders focused on $12K

BitMEX used to be the indisputable leader of Bitcoin (BTC) futures trading and if something similar to yesterday’s civil enforcement action were to happen back in 2015-2018 the crypto markets would have completely collapsed. Regardless of partial recovery to $10,600, which was relatively quick, derivatives markets held steady during the $500 drop down to $10,400. …

What BitMEX scandal? Bitcoin futures data shows traders focused on $12K Read More »