On the same day that Cointelegraph published an article detailing that KuCoin’s primary web domain was locked from being transferred to other owners, the crypto exchange has announced that its platform can be accessed through two additional domains globally — kucoin.io, and kubi.cc. Anxieties flared on the exchange’s Telegram channel during the hours leading up to KuCoin’s announcement. As followers questioned whether Singapore’s High Court had indeed issued an order against KuCoin, the channel’s administrators shunned their users’ questions — repeating that an announcement would be coming soon while refusing to give an estimated time for publication. While requests mounted, …

KuCoin.com, the primary web domain of cryptocurrency exchange KuCoin, has been locked since the end of March by order of the High Court of Singapore. The court issued a temporary injunction on March 24 barring KuCoin from moving its assets, including its website, from the country. A March 30 email from domain registrar GoDaddy provided to Cointelegraph shows that GoDaddy is complying with the court order. How the exchange will cope with its primary web address locked down is one of many unanswered questions about KuCoin as the company undergoes a major corporate restructuring and faces legal challenges around the …

Roche Cyrulnik Freedman LLP, working with Selendy & Gay PLLC, filed 11 class-action lawsuits on April 3 in the Southern District of New York against seven token issuers and four of the world's largest cryptocurrency exchanges. The sweeping filings name exchange giants Binance, Bibox, BitMEX and KuCoin as defendants, along with Block.one, the Tron Foundation, the Bprotocol Foundation — which oversees the Bancor protocol — Civic, KayDex Pte. Ltd. — which operates as Kyber Network — Quantstamp and Status. Executives were not spared, with heavyweights Changpeng Zhao, Dan Larimer, Vinny Lingham and Brendan Blumer also named in the suits. The …

On April 3, a massive deployment of lawsuits were filed against major crypto industry players across the globe. The eleven lawsuits were filed in the United States District Court for the Southern District of New York in what is being called “Bloody Friday” for the industry. These lawsuits are class action in nature. For those unfamiliar with the term, this means a group of people have joined together to file a lawsuit against another party. Class action lawsuits are not very popular on an international level for a number of reasons, the most prominent being that most of the time …

Seven crypto companies have been targeted by 11 lawsuits that were filed in a New York federal court on April 3. The suits were filed by Roche Freedman — the same law firm representing the estate of the late Dave Kleiman in the ongoing dispute with self-proclaimed Satoshi Nakamoto, Craig Wright. Eleven lawsuits target seven crypto companies The eleven putative class action suits name dozens of parties including cryptocurrency exchanges Binance, KuCoin, BiBox, and BitMEX and parent company HDR Global Trading Limited, and alleged crypto issuers Block.one, Quantstamp, KayDex, Civic, BProtocol, Status, and the Tron Foundation. Many of the company’s …

As the volume of Bitcoin (BTC) derivatives trading continues to rise, the cryptocurrency industry keeps tapping more crypto markets, like stablecoin Tether (USDT), for futures trading. KuMEX, a derivatives arm of IDG-backed crypto exchange, KuCoin, is planning to roll out USDT-margined Bitcoin perpetual contracts on March 30, 2020, the firm officially announced on March 27. KuMEX currently supports only Bitcoin and USDT While the new type of futures contract will be launched next week, KuMEX users are already able to deposit USDT via the web or public API starting from March 26, the company said. KuMEX offers crypto derivatives trading …

Billionaire investor and the winner of thousands of Bitcoins (BTC) in the Federal Bureau of Investigation’s 2014 Silk Road auctions, Tim Draper, has set his sights on India’s nascent cryptocurrency industry. On March 22, the venture capitalist tweeted that the Supreme Court’s recent reversal of the Reserve Bank of India’s (RBI) ban on banks providing financial services to crypto companies will drive a renaissance for the country’s cryptocurrency sector. In a March 21 interview with Inc42, Draper stated that he “met several Bitcoin and crypto startups” during a recent trip to India, adding that he “hope[s] to be able to …

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. KuCoin announces two new appointments alongside company restructuring 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 …