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Grow Your Crypto Assets Through KuCoin Exchange’s Crypto Lending

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Lending crypto-assets can provide an investor with instant returns without having to sell one’s coins. KuCoin Exchange, one of the world’s leading cryptocurrency exchanges, allows investors to lend their crypto assets for a term period of 7 days, 14 days, or 28 days. KuCoin exchange offers the highest return on lending stablecoin, which could be as high as 730% APR on a 14-day term. It also offers fairly higher returns on coins like ATOM and DAO with APRs that could hover around 73% for a 14-day lock-in period.

KuCoin Exchange: Your Gateway to Making Passive Income

KuCoin exchange could be your gateway to making passive income. The unique thing about KuCoin is users don’t need to submit KYC information to use the exchange, including trading and lending Before delving into lending, it is imperative to mention the KCS bonus which is also a means to making passive income without doing anything much. KCS bonus entails rebates and gratuities for people who hold KCS, the native/utility token of KuCoin exchange.

The major utility of holding KCS is that it earns trading discounts for investors. If a user has KCS on account they will get discounts on their trades by default. Kucoin crypto exchange calculates all the trading fees and distributes a percentage of that among KuCoin users, especially those who hold KCS on the account. A user needs to hold a minimum of 6 KCS to enjoy bonuses and earn an annual yield on their holdings within a range of 15% and 50%.

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Grow Your Crypto Assets Through KuCoin Exchange’s Crypto Lending 3

KuCoin Exchange supports all the major coins for lending. Being the world’s premium exchange for niche coins, it also offers favorable returns on low-priced coins like DODO with a 36.5% APY on a 14-day term, at the time of writing. DODO was priced at $1.37 at the time of writing. It is the native coin of a DeFi liquidity provider that aims to improve the current algorithm of automated market-making and provide better liquidity and price stability for crypto coins in a liquidity pool.

In a similar vein, the KuCoin crypto exchange offers a 73% APR on SUPER coin, priced at $0.00396, at the time of writing, on a 14-day term. SUPER coins come into circulation through Proof of Stake mining. Experts are predicting a 1-year growth of up to 25% for this coin, which makes it a viable long-term investment option.

Users looking to generate a stable income on niche coins may consider lending on the KuCoin exchange. KuCoin is one of the exchanges to offer the highest return on USDT. Lending USDT can earn a lender somewhere around 43% APY given the borrowing rate is around 0.12% which is reached from time to time. The optimal borrowing rate usually
remains between 0.05% and 1% daily which would generally turn around an APY of 18.25% and 36.5% respectively.

KuCoin exchange experts are of the opinion that holding on to USDTs for lending at a time when there is a spike in crypto price and there is not enough USDT to lend can bring about great returns. KuCoin cryptocurrency exchange displays the total amount of loaned out crypto assets on the order book against a particular rate and
terms. It displays the total amount that an individual may lend at that interest rate.

KuCoin Exchange’s Auto lend Feature


Auto-Lend is an option to automate lending without the users having to keep an eye on the lending market 24×7. Users have to set the reserve amount, terms, and minimal daily rate before enabling Auto-Lend. Reserve Amount is the amount users wouldn’t want to lend out to make sure the system doesn’t lend out all the
funds in case the user has reservations.

With Auto-Lend, users can click all three terms – 7 days, 14 days, and 28 days to deploy an error-free automated matching system and generate the highest interest possible. Additionally, users can set up the Minimum Daily Rate which is the rate the users want the system to at the least generate from the borrower.

Risk Control: The KuCoin Exchange Promise

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Grow Your Crypto Assets Through KuCoin Exchange’s Crypto Lending 4

Being a centralized crypto exchange, the KuCoin cryptocurrency exchange is better positioned to return lenders their money in comparison to DeFi platforms with no proper protection plans in place for their users. Crypto lending comes with its set of risks. Counterparty risk is a common phenomenon of crypto lending. So that lenders do not have to bear the brunt, the KuCoin exchange takes the onus of repaying the principal amount and the interest rate promised when a borrower defaults.

KuCoin maintains an insurance fund to ensure its investors are paid in full in times when the market is going through extreme conditions and the borrowers are likely to default. Stablecoins are the best crypto assets to withstand price volatility even when other coins are going through a topsy turvy. KuCoin exchange keeps the APY or daily yields on non-stable crypto coins, like BTC and ETH low, while keeping higher rates on USD tether. This is to ensure investors enjoy high highs of stablecoins while being exposed to lower risk for lending out high-volatile crypto assets.

Conclusion


KuCoin Exchange is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users across 207 countries and regions around the world. The exchange offers some lucrative benefits to crypto holders in the forms of crypto lending and KCS bonus among others.

KuCoin Exchange recently partnered with Blockwiz, a global crypto marketing agency that provides integrated cryptocurrency marketing solutions across crypto influencers, PR, SEO, and social media; in an effort to strengthen online communities and meet their business objectives. So, don’t forget to check out their social media handles to stay updated with the latest developments!

India welcomes Coinstore despite regulatory ambiguity

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At a time when India’s leadership is seeking to impose curbs on most of the private cryptocurrencies, Singapore-based digital exchange Coinstore’s latest venture into the country is reflective of the growing adoption among the netizens in the digital asset industry. According to the blog post, the crypto exchange has set up its web and application platform and is planning to open branches in Delhi, Mumbai, and Bangalore that will serve as a foundation for expansion in the future.

Citing the latest development, Charles Tan, head of the marketing division at Coinstore stated,

With nearly a quarter of our total active users coming from India, it made sense for us to expand into the market. There have been policy flip-flops but we hope things are going to be positive and we are optimistic that the Indian government will come out with a healthy framework for cryptocurrencies.

In addition to that, Tan revealed that the crypto exchange is planning to hire roughly 100 individuals in India and would allocate $20 million for advertising, recruiting, and development of crypto-related products and services exclusively for the domestic market. Apart from India, Coinstore is also planning to expand into countries such as Japan, Korea, Indonesia, and Vietnam, as per the marketing Exec.

Interestingly, Coinstore is the second foreign exchange to gain entry in the subcontinent in recent months, after CrossTower, a US-based trading platform launched its operations in the country back in last September this year.

Latest buzz in India’s crypto environment

India’s first crypto unicorn, CoinDCX, is considering to launch an initial public offering [IPO] after the country’s regulation permits it, as per the trading platform’s co-founder, Neeraj Khandelwal. In an interview held with Bloomberg, Khandelwal revealed that sale of the share would mirror US largest Crypto exchange, Coinbase Global Inc.’s listing on Nasdaq on April this year.

CoinDCX latest announcement comes at a crucial time in the Indian crypto landscape as the administration plans to introduce a bill to regulate cryptocurrencies. With respect to the Reserve Bank of India [RBI] stance on imposing ban to all private cryptoassets while it works on creating a digital currency. The government’s recent publication of banning most private crypto assets has too dampened the hopes for a friendlier approach.

FTX exchange raises another $420 million, following a $900 million round

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Earlier this year, the popular crypto exchange FTX raised $900 million in a Series B round with a valuation of $18 billion, which included as many as 60 investors. In today’s announcement, FTX declared that it had raised another $420 million after a Series B-1 round.

The Series B-1 funding round involved as many as 69 investors, including giants like BlackRock and Tiger Global, who have now come on board. FTX attained the largest-ever investment round back in July and now aims to maintain a global presence.

The exchange also reported in the announcement that the firm witnessed a surge of 48% in the number of users after July while the trading volume rose by as much as 75%. Now, the exchange is on its way to being a worthy contender for the top spot.

FTX plans to expand into more countries

FTX exchange has huge plans for the future, as the CEO of the firm, Sam Bankman-Fried, claims. The exchange moved its headquarters from Hong Kong to the Bahamas because of the regulatory pressure from authorities. This movement was planned to increase the influence of the firm in other crypto-friendly nations.

“FTX is committed to maintaining a close working relationship with local regulators to help promote the growth of crypto and is furthering its commitment to providing all our clients with a safe, trustworthy and compliant exchange.”

FTX Spokesperson to CoinDesk

Also, the CEO told CoinDesk in a telephonic interview that the firm is looking to create new openings through acquisitions, projects, and partnerships. With a great deal of money flowing in, the firm has already implemented half-billion dollars in acquisitions.

The company’s growth has been surprising to its rivals as it has invested a lot in summertime marketing through advertisement deals with Major League Basketball. Furthermore, the firm has been actively involved in deals regarding crypto futures derivative products.

Binance, Coinbase web traffic takes a hit as collective figures slump by 42%

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June has been quite an unsettling month for users. Web traffic to cryptocurrency exchanges such as Binance, Coinbase has taken a massive hit. According to the latest stats by blockchain analysis firm, ICO Analytics, the figures for cumulative web traffic to crypto exchanges in June have decreased by 42%.

This includes some of the most prominent centralized cryptocurrency exchanges [CEX] as well as the decentralized ones [DEX]. Thailand-based platform, Bitkub recorded the most decline of 59%, followed by Seychelles-based, OKEx with 57%, California-based Binance US with 56%, and Kraken at 51%.

Following the development, Binance CZ tweeted,

“June is a down month, nothing new there. What stood out is that PancakeSwap, a DeFi on BSC, is ranked 4th of all exchanges. Bigger than many CEX. Amazing”

DEXs outpace CEXs as DeFi continued to scale

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Binance, Coinbase web traffic takes a hit as collective figures slump by 42% 6

Cayman Islands-based, Binance’s remained at the top of the game with 150 million visits in June, a decline of 40% since the previous month. Nasdaq-listed Coinbase followed suit with 71 million visits. Binance Smart Chain-based DEX PancakeSwap amassed a weekly monthly visit of 18 million. Uniswap, on the other hand, slipped to the 10th position with 9 million, down by 44% since May.

In addition, popular derivatives exchange FTX fell to 25% this June to 8.4 million.

On the contrary, the web traffic for cryptocurrency exchanges had hit an all-time high in May this year. As the cumulative figures surged to 638.2 million visits owing to the market’s unpreceded rally.

Binance’s Regulatory Snub

Binance, for one, has come under a raft of criticism and clampdowns from regulators across the world. The cryptocurrency exchange ash witnessed not just the wrath of the UK’s Financial Conduct Authority [FCA] but also from countries across the world such as Canada, Japan, among others. CZ had recently penned down a letter regarding the same,

“I believe a well-developed legal and regulatory framework in the long term will be a solid foundation that truly makes crypto essential in everyone’s daily life.”

Crypto Firm OSL Receives In-Principle License Approval From Hong Kong’s watchdogs

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The Asian-based cryptocurrency firm, OSL Digital Securities, won the Hong Kong market regulator’s in-principle decision to issue an exchange platform license to operate its crypto-related business in the region.

With this crucial development, the Fidelity-backed BC group is now one step closer to operating as a regulated provider for brokerage and automated trading services, including security tokens. After the latest move, OSL asserted that it would continue to work under the SFC’s regime in a bid to secure a full-provider license in Hong Kong.

Commenting on the authorization, BC Group CEO Hugh Madden stated,

“Securing approval-in-principle for a virtual asset trading platform license in Hong Kong, inclusive of security tokens, underscores our commitment to comprehensively addressing the demands of institutional investors”

In response to growing anti-money-laundering [AML] and know-your-customer [KYC] concerns, Hong Kong’s Securities and Futures Commission expanded its regulatory oversight for cryptocurrency exchange treating them as traditional securities brokerages and allowed these platforms to opt into regulation under its new rules.

Essentially, the “in-principle” decision is the first step of the full authorization process in which the applicant platform is required to satisfy one or more requirements set by the Securities and Futures Commission [SFC] in order to obtain a license.

SFC had unveiled its new set of rules for the cryptocurrency exchanges in November last year. It details how the Platforms must address custody and compliance, in particular with regard to the KYC and AML rules. The published documents also state that exchanges can only offer products to “professional investors.” In addition, they will also be required to file a monthly report to the Commission.

The 61-paged document stated,

“The adoption of the new regulatory framework will enable the SFC to formulate its future
regulatory strategy for virtual assets through close supervisory interactions with an
evolving and dynamic industry.”

The exchanges will need the regulator’s approval for offering new products. Besides, SFC does not consider direct peer-to-peer platforms for licensing. Interestingly, OSL was the first and the only platform to apply for the license.

Hackers Steal $3.1 Million in Bitcoin From Crypto Exchange Cashaa

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The U.K.-based crypto exchange, Cashaa, claims that hackers stole 336 bitcoins worth about $3.1 million from the exchange. The exchange firm has now halted all cryptocurrency transactions, such as withdrawals and deposits, in order to pave the way for security breach investigations.

Cashaa revealed through a tweet that the attacker hacked one of their wallets on Blockchain.com. The wallet is used to maintain the BTC and to make transfers to the crypto exchange platform. It is believed that the hacker has embedded malware into one of Casha’s computer systems.

Crypto exchange Cashaa attack took 3 minutes

Moreover, as one of the employees accessed the computer on July 10 to validate two separate transactions, the attacker swooped in, getting away with 336 Bitcoins worth approximately $3.1 million under the current market price. The incident took place within three minutes, between 1:23 pm and 1:26 pm. The CEO of Cashaa, Kumar Gaurav, reportedly told media outlets that:

“We are still investigating the damage caused by the incident and suspend all withdrawals for 24 hours. We have called the board meeting to decide whether the company will bear all the losses.”

Cashaa CEO wants exchanges that allow transfer of stolen funds to be shut down

According to Cashaa crypto exchange, the funds were transferred to this bitcoin address: 14RYUUaMW1shoxCav4znEh64xnTtL3a2Ek. There are some suggestions that the crypto mixing software is being used to transfer the stolen BTC; to confine the digital trails. Cashaa also suspects that the perpetrator is from East Delhi , India, and has therefore filed a report with the Delhi Police Cyber Crime Department.

In addition, Cashaa has reported the address involved to all crypto exchange platforms in an attempt to prevent the hacker from spending the stolen crypto. Through a statement directed at exchanges that permit stolen funds transactions; Guarav said attackers are assured of hacking cryptocurrency addresses and moving the funds via these exchanges.  Gaurav also noted the need to shut down these platforms and charge owners for money laundering.

China based Ebang International to Expand into Establishing Offshore Cryptocurrency Exchange

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The spread of coronavirus has resulted in catastrophic consequences all across the planet, with several companies and organizations feeling the pinch. Cryptocurrency companies have also begun to diversify their portfolios in order to ensure their survival in the coming months.

Chinese cryptocurrency Miner Producer Ebang International Holdings Incorporated was the latest company to offer new services in the midst of a raging pandemic. Ebang claimed that an offshore exchange for digital assets would be launched in the third quarter of 2020 with the hope of expanding out of the Bitcoin ecosystem.

According to sources close to Ebang, the move would help dabble in a sector that was independent of the highs and lows of Bitcoin. Mining companies like Ebang generally depend on price variations for large cryptos like Bitcoin, which is not always a sustainable model. These companies only make a profit when the price of crypto is rising on a bullish ramp.

At the time of the press, Bitcoin traded for $9222.4 with a total market cap of $169.88 billion. A 0.65 percent price increase over the previous 24-hour lifted the daily trading volume to $15.99 billion. This stagnant price increase does not make much of a profit for a large company like Ebang Holdings. New reports on the Hangzhou-based rig maker showed that the new expansion rates could increase the revenue stream by 40%.

Ebang also plans to set up a crypto exchange outside the mainland of China, a road map for which it is still under construction. In a recent interview, Ebang Chief Financial Officer [CFO] Chen Lei stated that foreign exchange could contribute at least 10% to the current revenue stream. Despite new developments, Ebang registered a 14 percent drop in its IPO pricing, raising more than $100 million.

The company reiterated that its services would help counter Bitcoin’s volatility in the wake of the currency’s wild move over the past year. Ebang recorded gross revenue of $109 million in 2019, which is expected to exceed that benchmark by 2020. This predicted spike comes at a time when rivals like Bitmain and Canaan were focusing on a blend of AI and physical technology.

Ebang International also plans to list Nasdaq under the EBON symbol. AMTD Global Markets, Loop Capital Markets and Prime Number Capital are proposed to act as project lead managers.

Coinsquare Attacker Discloses Evil Plan to Steal Bitcoin

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The hacker behind the Coinsquare attack is now planning to use the data he stole during the attack to steal bitcoin and other digital currencies. The Coinsquare attacker plans to use the personal information he stole from the cryptocurrency exchange in Canada in a series of SIM swap attacks to steal digital currencies.

According to an anonymous attacker during an online chat with the media outlet, “The original intent was to sell it, but we figured we ‘d make more money by swapping SIM accounts.”

SIM swapping tactic to be used by Coinsquare attacker

SIM swapping refers to the action of cloning a victim’s SIM card to develop a copy that works exactly like the original. This strategy will facilitate the criminals in receiving any information that is sent to the original SIM card which includes confirmation codes, 2-factor authentication codes, and many other data.

For instance, access to this information could be used to access the victim’s cryptocurrency exchange accounts and steal BTC among other cryptocurrencies. In fact, SIM Swapping has been a common practice by criminals to steal valuable information from their victims. Last year, two criminals were charged in Massachusetts for using the SIM swapping strategy to steal crypto worth $550,000.

Hacker wanted to prove the exchange wrong

According to the Coinsquare attacker, the Canadian-based crypto exchange annoyed them by claiming to be the most secure cryptocurrency exchange in the country; and he took it as a challenge so as to embarrass them. The anonymous hacker said:

“I set out to embarrass the company for claiming they (sic) the most secure Canadian exchange; and obviously that is a lie.“

Furthermore, the individual revealed evidence that he did actually breach the exchange in the form of a list with email and physical addresses; as well as cellphone numbers of more than 5,000 Coinsquare clients. Notably, Coinsquare users can be relieved that the list did not contain any passwords.

Bitcoin Shed 9% of its Value- It ‘s a Perfect Time to Invest

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Monday was an exciting day for the crypto-world as bitcoin ultimately broke the $10,000 psychological resistance. Just as people were speculating whether this was a start of a $20,000 ride, the market unexpectedly placed a damper on them-the price of bitcoin fell more than $800 in five minutes, dragging many cryptocurrencies to the red.

While the sudden plump was just another volatile episode of bitcoin, it was the umpteenth time such a huge fluctuation occurred on the market, so naturally, it creates some doubts for bitcoin enthusiasts as to whether bitcoin will see a significant increase in the near future, and how long it will be.

 

bitcoin pr

We often say that the bitcoin market is a rollercoaster ride, but in the last few months, it seems more like a combination of a rollercoaster ride and a merry-go-round that keeps hovering around $9,000 and $10,000. sNow, for spot traders and hodlers, it seems like a really lackluster moment.

So, is it still wise to invest in bitcoin right now? Is there anything we can do in addition to waiting for the price to rise?

Compare with spot trading, leveraged trading is tailored made for volatile markets. Here are some advantages of leveraged comparing with spot trading:

  • Generate Profits on Both the Ups and Downs of the Market

Leveraged trading is more flexible than spot trading. In leveraged trading, you can make profits by speculating the price movement of bitcoin, instead of waiting for the price to increase. You can earn as much as bitcoins even in the bull market. 

  • High Liquidity

While spot trading requires you to prepare a large sum of money, leveraged trading enables you to “borrow” money from the exchanges, so the pressure on your cash flow is much lower. Besides, in spot trading or hodling, it might take days or even months for the market to gather pace and generate profits for you. But with leveraged trading, every small fluctuation is an opportunity to earn money. 

To illustrate, with the 100x leverage provided by Bexplus, you can open a position 100 times bigger than your initial capital. Let’s assume you open a short position 2 days ago with 1 BTC when bitcoin was changing hands at $10,000. With 100x leveraged, your position will worth 100 BTC. Now, the price of bitcoin nosedived to $9,500 in just a few hours. Your profit would be: ($10,000 – $9,500) * 100 BTC / $9,500 = 5.26 BTC. Your ROI would be 5.26 / 1 *100% = 526%. 

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Bexplus – The Go-to Futures Exchange for Beginners and Veterans

Headquartered in Hong Kong and established in 2017, Bexplus is a leading crypto derivatives platform offering 100x leverage in BTC, ETH, EOS, LTC, and XRP futures contracts. 

No spread, no KYC requirements, no deposit fee, Bexplus is trusted by traders worldwide, including USA, Japan, Iran, Singapore, and Sudan. 

Highlighted Features of Bexplus Exchange

  • Intuitive Interface

The user-friendly trading interface caters to the needs of both beginners and veterans. All the necessary data are clearly listed on the right side. For advanced traders, powerful tool-kit can help them better analyze the market. 

exchange

  • Learn to Trade with 10 Free BTC

Upon registration, which takes only about 1 minute, traders will get a real account and a demo account. Even if you’re a beginner, you can still make profits like other veterans! There are 10 replenishable BTCs in the demo account for traders to practice as much as they like. You can also learn how to analyze the market and use the demo account toolkit.

  • Stop-loss and Take-profit

Bitcoin trading has its own risk. Since it is traded around the clock, it’s impossible for us to watch the market all the time. Bexplus’ stop-loss and take-profit options help traders better manage their positions and protect them from huge price swings. 

  • No Deposit Fee, Easy to Convert Your Funds

Bexplus supports Bitcoin, ETH, and 11 other cryptocurrency deposits, as well as USD, EUR, and GBP deposits. With one Visa Card, you can start your journey of accumulating bitcoin. 

  • Best Ranking Mobile Apps

Bexplus mobile app rank in the Top 5 of keyword search results related to bitcoin trading in 56 countries in App Annie. This full-featured app provides you with the same experience when using a computer, only far more convenient. 

mobile

You can check the market, enter or close a trade, or deposit your funds in the interest-bearing wallet wherever you like. Bexplus mobile app has a 24/7 market notification to keep you updated with any huge market movement.  

All data and assets can be accessed through all kinds of devices including Windows, Macbook, Android phones, iPhones, and tablets. Bexplus app is available on Apple App Store and Google Play.

To boost the confidence of bitcoin traders, Bexplus now provides up to 10 BTC deposit bonus to users. Users can get a 100% deposit bonus for every deposit on Bexplus, and the profits gained with the bonus are withdrawable. Furthermore, active users can get 10% off of their transaction fee. You might miss the opportunity to buy bitcoin when it was trading at double-digit, but you still can catch this opportunity to earn handsome money on Bexplus!

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Find out more about Bexplus:

Website: https://www.bexplus.com/ Telegram: https://t.me/bexplusexchange
Apple App Store: https://itunes.apple.com/app/id1442189260?mt=8
Google Play: https://play.google.com/store/apps/details?id=com.lingxi.bexplus

Crypto Exchange Bisq Halts Trading due to  ‘Critical’ Vulnerability in Security

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Decentralized peer-to-peer cryptocurrency exchange Bisq has halted trading due to a “critical security vulnerability” until further notice.

The developers said they were investigating the security problem in an announcement posted on April 8, and are warning users not to send any funds if they are involved in any trade.

Bisq is expected to issue a hotfix “within a few hours” for the critical vulnerability, so far an alert key has been used to “temporarily disable trading.”

“Bisq is a proper distributed peer-to-peer network. So you can override the latest alert key functionality that blocks trading. But we highly discourage you from doing this for your own security,” authorities said

The  Bisq exchange is a peer-to-peer application that lets users buy and sell crypto in exchange for fiat currency.

Now let’s take a look at what peer-to-peer exchange is and how it functions, and some of its benefits.

Peer-to-peer exchange is a decentralized form of exchange that is maintained and operated exclusively on software. As the name implies, peer-to-peer means that there is no third party in between. Simply put, P2P or peer-to-peer exchanges allow buyers and sellers to trade with each other directly without having to trust a third party to process their trade.

Since you deal directly with other traders, whose funds are not managed by the owners of the platform themselves, the element of confidence would be higher. That also provides privacy benefits.

Since there is no third party involved, merely the buyer and seller negotiate. Communication between the two parties shall be kept confidential. This only becomes public after the order has been issued and is ready to be applied to the blockchain. Because the exchange happens on the blockchain, no identifying information will be used. In addition, features of blockchain, such as distributed ledger, immutability, and encryption further improve the security of the entire network.

Secondly, fees on the P2P exchanges are far more reasonable. Fees range from 0 percent to 0.7 percent on most P2P exchanges.

Thirdly In a p2p exchange, every transaction occurs in the public ledger of the blockchain. It removes the need to think about the credibility of the counterparties. Furthermore, their KYC information remains in line with the blockchain database. So the risk of identification and other kinds of fraud will be much less.