A new CoinDesk tool called the Bitcoin Trend Indicator can help traders spot where BTC is headed.
Crypto trading vs. crypto investing: Key differences explained
Crypto trading and investing are often intertwined, but key differences remain between the two methods.
Crypto Trading Tech Firm CoinRoutes Wins Patent for ‘Smart Order Router’
Invention by the father-and-son team of David and Ian Weisberger allows “clients to keep control of their own private and exchange keys to their wallets and accounts, but can execute orders across multiple exchanges simultaneously,” according to the patent document.
What are buy and sell walls in crypto, and how can one identify them?
Whales can manipulate buy and sell orders because they can deploy excessive capital into the market.
What is opportunity cost? A definition and examples
Opportunity cost is the potential benefit that is missed out on when choosing one option over another.
Tel Aviv Stock Exchange moves toward offering crypto trading
Israel’s sole public stock exchange wants to allow its clients to trade crypto but is facing regulatory resistance.
Redditor could lose young family after crypto trading addiction spirals
What began as a Redditor “just dabbling” two years ago blew into full-blown crypto trading addiction that all came to a head three weeks ago.
Bitcoin price fails to hold $20K again, but there is a silver lining
BTC’s attempt to recapture $20,000 as support failed, but on-chain data reveals a handful of positives.
June gloom takes on a new meaning in another 2022 down month
The addresses mainly run by active human traders have notched more than 147,000 addresses for the first time since November.
Aussie banks ANZ and NAB won’t ‘endorse’ retail speculation on crypto
Executives from two of Australia’s “big four” banks have said they won’t allow their retail customers to trade crypto with ANZ adding its happy it didn’t “go head long” into a cryptocurrency offering.
What is P2P trading, and how does it work in peer-to-peer crypto exchanges?
Buying and selling crypto on a P2P marketplace does not feature charts or market indications, unlike traditional exchanges.
SHIB price eyes 30% drop with Shiba Inu’s massive triangle breakdown underway
Shiba Inu developer promises a bright future with an upcoming NFT gaming project, but SHIB price continues to fall.
Stronger dollar prospects risk pushing down Bitcoin price to $32K
The U.S. dollar index could rally further in the coming weeks, which is typically bad news for Bitcoin.
Overheated DOGE: 5 times crypto traders were warned before their assets tanked
Short and sweet — that’s how you trade a crypto asset in danger of printing a giant red candle…
Reddit User Calls Out KuCoin Over ≈$50,000 Stuck On Exchange
The heat has been on crypto exchange KuCoin recently after a Reddit user called them out on Reddit regarding funds being held on the exchange. The user had first taken to Reddit to vent their frustrations in an open letter to CEO Johnny Lyu after making no progress with its customer support representatives. According to the user’s statements, the exchange was withholding ≈$50K worth of crypto on the exchange.
The user explained that KuCoin had announced that they would be supporting a new BCH fork, eCash (XEC), leading them and many others to invest in the asset on the exchange. Problems arose when the exchange had run out of liquidity for the cryptocurrency. KuCoin users realize that they could not sell their holdings without doing so at a significant loss (selling for cents to the dollar).
Related Reading | Kraken Is Delisting Top Privacy Coin Monero (XMR) For UK Users
However, a much sinister issue arose when they found out they could not transfer the coins out either. Since then, the user claimed that they have had ≈$50,000 worth of crypto being withheld by the exchange for over six months and still have not been allowed to move their coins.
Open Letter To KuCoin CEO
The Reddit user who goes by the username u/BCHcain had first drawn attention to the issue when they posted an open letter to CEO Johnny Lyu about four days ago. In the open letter, they include screenshots of their communications with the support staff dating back at least six months. The user explained that KuCoin had been giving them the runaround with no real indication of solving the issue and had ‘receipts’ to back this up.
CEO Johnny Lyu had responded to this open letter about three days after posting, giving what could be described as a low-effort response to a clearly distressed user.
“Thanks for bringing it up. The upgrade is underway, and since it’s not just a simple rename or rebrand, we still need some time to complete it. Thanks for your patience and understanding,” Lyu wrote.
Reddit users had called out the CEO over the response, pointing out that the answer proved everything that the user had claimed in their post; that the exchange did not seem interested in solving their issue.
Calling On The Community
Four days after the open letter had been posted, the u/BCHcain had once again posted to Reddit. This time calling on the community to help amplify the issue, pointing out that if it could happen to them, then it could happen to anyone. This follow-up post garnered considerably more attention than the open letter.
The issue has raised concerns over the power centralized exchanges have over the funds of users. In a way, these centralized exchanges control user funds the same way as banks, something that the crypto enthusiasts are fervently trying to do away with.
Related Reading | Bitcoin Whale Wallet Containing 1,299 BTC Activates After Eight Years
The crypto exchange had also been called out on the same platform by another user who claimed that KuCoin was using Cloudfare to deny access to the platform during bull rallies in order to force users to liquidate and then profit from these liquidations.
KuCoin is yet to respond to the second post. However, it continues to spark conversations around issues with KuCoin and CEXes in general. As of the time of writing, the post has received 5.3K upvotes and has 1.6K comments.
Featured image from CoinDesk, chart from TradingView.com
Seeing red? FUD that! Here’s what you should have bought instead of Bitcoin last week
Where Bitcoin leads, altcoins usually follow — but the smartest crypto traders manage to turn BTC dips into buying opportunities.
Ripple to launch ‘Liquidity Hub’ for finance firms that want to offer crypto trading
The fintech firm wants to let its enterprise clients have access to cryptocurrencies through a new service called Liquidity Hub.
Green means go: 5 spectacular altcoin rallies with one thing in common
Serendipity is “a fortunate discovery or event when things come together just perfectly.” You can’t plan for it… or can you?
Hebei is the latest China province to wield the crypto crackdown hammer
Authorities in the province say crypto mining is inimical to China’s environmental conservation efforts.
DOGE Cost Averaging: Robinhood rolls out fee-free recurring crypto buy feature
Retail crypto traders on Robinhood can now set up commission-free recurring investments in multiple crypto assets on a daily, weekly, bi-weekly or monthly basis.