Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
KCS
US Prosecutors Charge KuCoin for AML Violations: Outflows Skyrocket and KCS Plummets 13%
Major crypto exchange KuCoin, along with two of its founders, was alleged to have failed to implement anti-money laundering (AML) and know-your-customer (KYC) procedures. According to prosecutors, the absence of AML and KYC on KuCoin enabled the platform to be used to launder illicit funds from criminal proceeds. KuCoin and Founders Slammed With Charges In a press release on March 26, United States prosecutors accused KuCoin, with Chun Gan and Ke Tang – founders of the exchange, of operating an…
1 year ago
The KuCoin Exchange – An Easy to Follow Guide for New Users
KuCoin is an advanced and secure cryptocurrency exchange that has become the industry's top-quality blockchain services provider. The platform is one of the most popular exchanges in the world at this time. KuCoin has over 5 million registered users from 200+ countries and regions. This level of user participation means that KuCoin enjoys some of the highest liquidity in the market. Specifically, the exchange has hit nearly $500 million daily. Benefits of the KuCoin Exchange KuCoin managed to stay ahead of the curve…
6 years ago