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KuCoin
Bitcoin, Ether Take Sharp Dive Over Past Two Days; KuCoin to Pay $22M
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto stories of the day, including new CoinDesk Indices data on how bitcoin (BTC) and ether (ETH) are performing this week. Crypto exchange KuCoin will pay a $22 million settlement and terminate access for users in New York state. Plus, El Salvador’s Bitcoin bonds inch closer to reality.
KuCoin to Pay $22M, Exit New York to Settle State Suit
The exchange will pay $5.3 million to the attorney general's office and refund New York customers $16.77 million.
Terraform Labs, Do Kwon Reportedly Fail to Have Suit Rejected; House Crypto Votes to Come in 2024
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto stories of the day, including bitcoin price action, and KuCoin Ventures' grant to the TON network. Plus, Terraform Labs and its founder, Do Kwon, may be hit with a class-action lawsuit in Singapore. And, the latest timeline for a vote on crypto legislation in the U.S. House of Representatives.
KuCoin Ventures to Provide $20K Grant to TON Ecosystem
The funding will be allocated to five "mini-apps" focusing on payments and gaming.
DOJ Attorneys Ask for Time to Process Evidence Against Celsius Founder; Dogecoin Jumps Again
"CoinDesk Daily" breaks down the top crypto headlines of the day, including why dogecoin (DOGE) is rising for the second straight day. Attorneys for the U.S. Department of Justice (DOJ) ask a judge for time to produce evidence in their case against former Celsius CEO Alex Mashinsky. Binance plans to ask a court to dismiss the U.S. Commodity Futures Trading Commission’s (CFTC) suit against it. And, KuCoin responds to recent speculation surrounding layoffs.
Crypto Exchange KuCoin to 'Adjust Some Personnel as Needed', but Denies Report of Major Layoffs
A report circulated on Twitter on Tuesday that the exchange plans to eliminate 30% of its workforce amid declining profit.
Crypto Exchange KuCoin to Introduce Mandatory ID Checks Next Month
As of July 15, new customers will be required to complete identification checks to use KuCoin's services.
KuCoin Has Closed a $10M Funding Round Into CNHC, but Is the Offshore Yuan Right for a Stablecoin?
Circle Ventures, the venture arm of the USDC-issuer, and IDG Capital also joined the round.
Ether a Security? That Could Have Huge Ramifications for Crypto, Legal Expert Says
The outcome of the New York Attorney General's lawsuit against KuCoin could prompt federal regulatory action against the second-largest crypto asset, says Penn State University Dickinson Law professor Tonya Evans.
Crypto Debate Continues Over Whether Ether Is Considered a Security
In a lawsuit filed against Seychelles-based crypto-exchange KuCoin on Thursday, New York Attorney General (NYAG) Letitia James alleged the firm violated securities laws by offering tokens, including ether (ETH), that meet the definition of a security without registering with the attorney general's office. "The Hash" panel discusses the case for ETH as a security and the potential industry repercussions.
