KuCoin: 30% staff layoffs part of ‘biannual appraisals’
KuCoin had dismissed over 300 people amid a trading volume dip, according to reports, but CEO Johnny Lyu says it’s part of a biannual appraisal.
KuCoin had dismissed over 300 people amid a trading volume dip, according to reports, but CEO Johnny Lyu says it’s part of a biannual appraisal.
KuCoin disclosed that the new Know Your Customer policy would begin on July 15 for new and existing customers, stating that new customers must complete all the steps in the KYC before accessing any of its services.
A new report reveals that Africa was the region with the highest growth in blockchain funding, with KuCoin and Scroll.io hitting the unicorn valuation.
The newly rebranded Halo Wallet will integrate social media protocols like Twitter into its original wallet offering, allowing users to engage with industry thought leaders and influencers.
The NYAG filed charges against exchange KuCoin last week over failing to register as a securities and commodities broker-dealer while ETH was expressly labeled a security in the charges.
New York’s Attorney General is accusing the KuCoin digital asset exchange of violating state laws on selling unregistered securities, specifically singling out ETH as one of those securities.
A report titled "Cryptoverse India Report," published last August 23, stated that more than 54% Indians seek to invest even more in digital currencies over the next six months.
OSC published a list of 13 firms targeting Ontario residents despite not being licensed, and for the second time this month, KuCoin is on the list.
The report by KuCoin exchange also revealed that while blockchain is a male-dominated field, women are taking the lead in Web3—and this could lay the foundation for its success.
The OSC listed KuCoin, FX-BTC Trade, and others in its latest warning list of firms targeting Ontario residents even when they are not licensed to operate.
Lou Yu, head of KuCoin Labs, believes that the metaverse will be the place to be for the next generation of entrepreneurial internet users.
The Ontario securities watchdog also slapped a $1.9 million fine on Bybit, claiming that the two operated unregistered digital asset trading platforms in the province.