KuCoin utility token KCS has been in a sluggish condition in the last few days, as the major cryptocurrency exchange faces a flood of insolvency rumors. Tuesday’s CoinMarketCap statistics reveals that the price of KSC has decreased by 17.35 percent over the previous week, trading at $8.74 at the time of writing. According to certain…
On Friday afternoon, a number of Twitter users began to notice large withdrawals of Ethereum and ERC-20 tokens from Kucoin’s designated addresses. In the span of about thirty minutes, about $150m worth of ETH tokens left the wallets marked “Kucoin” and “Kucoin 2” on Etherscan. As the coins that were withdrawn were basically all the…
Dogecoin (DOGE) is facing a steep market cooldown after weeks of heightened trading activity in early October. Data from CoinGlass shows that both Open Interest (OI) and trading volume for DOGE futures have crashed, indicating a sharp decline in the meme coin’s momentum. The latest figures reveal a significant pullback in derivatives activity and spot…
Some of the digital currency industry’s best known exchanges are offering additional support for several different coins. Bittrex, KuCoin, and HitBTC announced the extra trading pairs via Twitter earlier today. Major Exchanges Launch Extra Non-BTC Trading Pairs Three of the planet’s leading digital asset exchanges have announced a range of different trading pairs for popular…
Singapore based KuCoin crypto exchange has raised $20 million in its first round of financing. The news comes as cryptocurrencies continue to get battered in a year that has seen the market crash by over 70%. $20 Million Raised in First Round According to the official announcement the series A round of financing was led…