Kucoin Launches Yield Product to Boost Capital
Kucoin launched KCUSD on Sept. 7, offering up to 6% yields to tackle idle capital issues by integrating it as margin collateral, enhancing liquidity and trading utility. #Update #Crypto
KuCoin
Kucoin Shields $13M Stolen Crypto Allegation
KuCoin is accused by ZachXBT of routing $13M in stolen crypto, ignoring German authorities. The exchange faces scrutiny over its AML practices amid recent legal issues. #Breaking #Legal
Kucoin Launches New Earn-and-Loan Product
Kucoin launches a single-position earn-and-loan product for assets like $BTC and $SOL, bridging CeFi and DeFi to unlock liquidity while maintaining productive collateral. #Update #Crypto
Apple App Store Scam Steals $9.5M
ZachXBT linked a fake Ledger Live app on Apple’s App Store to $9.5M theft, impacting 50+ victims; Apple removed the app. #Breaking #Security $BTC
KuCoin Banned by Dubai Crypto Regulator
@KuCoin is ordered by Dubai’s Virtual Assets Regulatory Authority (VARA) to stop operations due to lack of licensing, following similar actions from Austria’s financial regulator. #Update #Legal $BTC $ETH
Kucoin Halts EU Expansion Amid Compliance Issues
Austria’s FMA prohibits @KuCoin EU from onboarding new customers due to loss of key compliance staff post-MiCA permit, halting new business until positions are filled. #Update #Crypto $BTC
KuCoin Faces $14M Canadian Money Laundering Dispute
@KuCoin is appealing a $19M penalty from Canada’s FINTRAC for failing to register as a money-services business and not reporting suspicious transactions. The case involves serious violations from 2021-2024. #Breaking #Legal $USDT
KuCoin Partners to Propel Vietnam Blockchain
@KuCoin partners with VBA and 1Matrix to enhance blockchain infrastructure in Vietnam, launching pilot trading platforms and digital payment solutions, supporting the national Web3 strategy. #Update #Crypto $BTC
Kucoin Names BC Wong CEO
@Kucoin appointed its former Chief Legal Officer, BC Wong, as CEO to drive global growth and innovation while ensuring regulatory compliance. The Seychelles-based crypto exchange aims to strengthen its market position. #Breaking #Crypto (+8) ↗
Crypto Payments Expand with Kucoin Pay
@Kucoin launches Kucoin Pay to enhance retail crypto use, offering seamless, borderless payments with lower fees and wider merchant access via digital currencies. • #Update • #Crypto • @Kucoin • (+4)
Crypto Payments Revolution KuCoin QR Code
@KuCoinCom launches KuCoin Pay, enabling merchants to accept crypto payments via QR code or app, supporting 54 cryptocurrencies including $BTC, $ETH, and stablecoins $USDT and $USDC. Merchants plan January rollout. • #Update • #Crypto • @KuCoinCom • (+4)
Nigeria Freezes $37M USDT MEXC KuCoin
Nigeria freezes $37M in $USDT linked to @MEXC_Global and @kucoincom wallets amid a money laundering probe. The EFCC alleges ties to terrorism financing. Federal High Court Judge Nwite approved the freeze on Aug. 9, 2024. #CryptoRegulation
Binance, KuCoin Resume in India Post-Fines
Binance and KuCoin, set to resume operations in India, have navigated regulatory hurdles by securing approval from the FIU and addressing fines for past compliance issues, signaling a more regulated cryptocurrency environment.