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CMC Reports Binance in Top Exchange

12 Jul 2023 1 minute read 8 comments Yugocean

     The research report on the H1 2023 State of the Exchanges has been published by Coin Market Cap (CMC). It includes both CeFi and DeFi. Binance is on Top      CMC claims that Binance holds the top position with a 59.99% share of the total spot...

What are the main reasons for not completing KYC on KuCoin?

2 Jul 2023 1 minute read 4 comments Yugocean

    Ever since KuCoin announced it would make KYC mandatory, there has been a problem. For many reasons, people do not want to do KYC, which is a valid reason in itself. The main reasons are: Privacy Problem        Some people do not want to do KYC...

Kucoin makes KYC mandatory for all

29 Jun 2023 1 minute read 15 comments Yugocean

     The KuCoin exchange is a favourite destination for crypto investors, as it respects "privacy", an important concept associated with the existence of crypto. But now this will be a thing of the past because, as of July 15, 2023, KuCoin will make...

New crypto exchange EDX enters Market

21 Jun 2023 1 minute read 1 comment Yugocean

     The SEC crackdown on the crypto industry in the US is not discouraging people from the economic side of the digital revolution, as a wall street backed new exchange has just entered with a bang. Its name is EDX Markets. All About EDXM Crypto E...

Crypto Manager Haru Invest Turns Scam?

13 Jun 2023 1 minute read 0 comments Yugocean

     South Korea-based digital asset management platform Haru Invest is in the eye of the storm after halting withdrawals. People are claiming this is a FTX type of scam. Haru defends itself      According to the firm, its internal inspection proce...

The SEC's next target is DEX

12 Jun 2023 1 minute read 8 comments Yugocean

     The US Securities and Exchange Commission (SEC) lawsuit against Binance and Coinbase has caused a lot of people to pull their investments from CEX (centralised exchange) and move to DEX (decentralised exchange). The SEC is looking forward to it....

Gary is driving people to get their cryptos off exchanges.

11 Jun 2023 1 minute read 0 comments Yugocean

     Gary Gensler is implementing the advice of many bitcoin experts frequently given to crypto hodlers, which is to take bitcoins and altcoins out of exchanges. Cryptos to leave or not to leave the exchange       Even though experts may argue that...

FTX reboot in process for FTX 2.0

24 May 2023 1 minute read 2 comments Yugocean

     FTX CEO John Ray III plans to reboot the company; the crypto world is calling it FTX 2.0. FTX: Ruins of an Empire      FTX was founded by crypto scammer SBF, based on a scam that was skillfully expanded into a crypto empire. It was enhanced by...

Texas Senate Approves Bill that makes Crypto Exchanges to submit Proof of Reserves

20 May 2023 1 minute read 1 comment Yugocean

     The Texas Senate has passed House Bill 1666, which deals with ensuring verification of the declared reserves by crypto exchanges. It will become law in Texas as soon as the governor signs it. Proof of Reserve (PoR)      Cryptocurrency exchange...

North America is on the verge of losing the crypto industry

15 May 2023 1 minute read 11 comments Yugocean

     North America is the main trade location, however, owing to heavy political pressure, the banking industry there is failing and the cryptocurrency companies are leaving. Coinbase and Kraken are leaving the US; Binance is departing Canada      B...