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If you want to know how to earn passive income with cryptocurrency backed loans then start with this video.
While many think that earning passive income by loading their crypto out seems like a good idea, they probably don’t really understand all the risks that are involved. It’s easy to forget that all Investments carry risk and you need to be compensated for the amount of risk that you take. But when you loan out your crypto for passive income. How much risk are you really taking on?
That’s a great question that I’m going to help you find the answer for
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Despite the ongoing global crisis fueled by intensifying coronavirus fears, Singapore-based cryptocurrency exchange KuCoin takes action to expand its services and restructure business. Backed by major venture capital firm IDG Capital, KuCoin exchange has established KuGroup, a core division of the company that will manage all KuCoin products. According to a March 17 announcement, KuGroup encompasses three business divisions in the company, including KuCoin Global, KuCloud and KuChain & KCS Business Group. As part of the strategy and company structure upgrade, KuGroup has carried out some restructuring in its team, appointing KuCoin CEO Michael Gan as the chairman of KuGroup to oversee the global strategy of KuCoin Global. He has also been tasked with driving blockchain development at KuChain, a public chain powered by KuCoin. Additionally, Johnny Lyu, a co-founder of KuCoin, will now act as CEO of KuCoin Global, the announcement says. Johnny will be primarily responsible for day-to-day operations of KuCoin crypto exchange, derivatives arm KuMEX, mining-oriented division Pool-X as well as the ecosystem on its native token Kucoin Shares (KCS). KuGroup’s updated business structure. Source: KuCoinIn conjunction with announcing the news, the newly appointed KuGroup’s executives hosted an Ask Me Anything (AMA) session on Telegram on March 17. During the AMA, KuCoin Global CEO Johnny Lyu emphasized that the shift in the top management of KuCoin will not trigger any departures from the company, noting that both he and Michael have been at KuCoin since its inception. As KuCoin’s restructuring comes amid the ongoing global coronavirus panic, the AMA also touched upon the burning question of how the change is connected with the outbreak. Michael Gan expressed confidence that blockchain community actors should perceive the outbreak as a challenge for the blockchain industry as a whole. The executive said:“I see this more like an opportunity for the blockchain industry actually. For instance, during the outbreak in China, many companies leverage the blockchain tech to contribute to dealing with the virus. This is a good way to show everything what blockchain can do.”Additionally, KuCoin exchange outlined its ambitious plans to tap potential markets all over the globe. Founded in September 2017, KuCoin provides a wide number of crypto services to more than five million users across 207 countries and regions throughout the world. When asked whether the company has a specific direction of focus worldwide, Michael answered:“As a global exchange, we’d like to target all potential markets. 2020 will see many new countries open its doors to blockchain, and we’d like to put more effort into them. India, for instance, is one of them.”KuCoin is known for raising $20 million in a financial round led by IDG Capital, a major Chinese investment firm that invested early in Chinese Internet moguls like Baidu and Tencent. Ranked the 74th biggest crypto exchange by daily trading volume, KuCoin has supported one of the world’s biggest crypto exchanges, Binance. In June 2019, KuCoin listed Binance’s native token, BNB, also announcing that the exchange will support projects based on Binance’s native blockchain, Binance Chain.
All data is taken from the source: https://cointelegraph.com/
Article Link: https://cointelegraph.com/news/idg-backed-crypto-exchange-kucoin-establishes-kugroup-to-expand-services
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IDG-Backed Crypto Exchange KuCoin Establishes KuGroup to Expand Services: https://www.youtube.com/watch?v=bYzvjgmpFWA
For the most complete data on all crypto currencies check: https://coincheckup.com | The crypto research platform.
Full credits for this video to BitcoinNews.com who listed the info in this video on an article on their website:
0:00:00 PR: Terra and Mining Token Luna Listed on KuCoin Cryptocurrency Exchange
0:00:05 This update is brought to you by “CoinCheckup News Updates” and was originally published on “BitcoinNews.com”.
0:00:12 Terra, the project building the next-generation payment system on the blockchain, announces today that its Stable coin Terra SDT and mining token Luna will both list on global cryptocurrency exchange KuCoin.
0:00:24 Deposits will open on August 28, 8:00 am UTC, and trading will start at 10:00 am UTC with trading pairs LUNA/BTC, LUNA/USDT, and SDT/USDT.
0:00:38 Terra is a blockchain payments network that is powered by two tokens: Terra and Luna.
0:00:43 At its core lies the algorithmic Stable coin Terra, which refers to a family of cryptocurrencies that are each pegged to the world’s major currencies.
0:00:51 Terra’s flagship currency, Terra SDT, is pegged to the IMF’s SDR and serves as the unit of account for the Terra protocol.
0:00:59 Terra is backed by a second token called Luna, the mining token that not only powers Terra’s blockchain, but also derives its value from receiving Terra’s transaction fees.
0:01:09 Terra is making blockchain-powered payments commonplace by providing incentives to consumers and merchants alike.
0:01:15 Terra offers significantly cheaper transaction fees to merchants by cutting out unnecessary middlemen, and also offers 5-10% off every purchase to shoppers which is funded by growth in its underlying Stable coin economy.
0:01:28 Terra’s plan to get its Stable coin into the hands of millions is propelled by an ever-growing e-commerce alliance, which includes Asia-Pacific giants such as TMON, Woowa, Carousell, and Tiki.
0:01:40 “As the People’s Exchange, KuCoin is committed to empowering promising blockchain projects and providing a wide range of digital assets to crypto investors.
0:01:49 The next-generation payment network developed by Terra has the potential to grow the blockchain economy.
0:01:55 Thanks for watching this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “BitcoinNews.com”, who originally published this news update on their website.
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“Fake Volume” is a problem in cryptocurrency and today we just saw it exposed, again. Let’s talk about an article from The Block discussing how “KuCoin’s leaked ‘volume-boosting’ offers draw accusations of wash trading”. If we take a few minutes and search the charts and order books on KuCoin, it’s rather easy to prove this point.
Aside from the typical crypto Tom Foolery, there is some positive news thanks to Samsung confirming crypto storage on the new Galaxy S10.
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The Block post on KuCoin:
“Chasing fake volume: a crypto-plague” by Sylvain Ribes
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