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KuCoin sichert sich 150 Mio. USD bei einer Bewertung von 10 Mrd. USD zur Erforschung des Web3

KuCoin, eine führende weltweit zugängliche Krypto-Börse, hat in seiner Finanzierungsrunde vor der Serie B 150 Millionen USD gesammelt, wie aus einer Pressemitteilung hervorgeht.

Die Finanzierungsrunde wurde vom kryptofokussierten Fonds Jump Crypto geleitet, an dem Circle Ventures, IDG Capital und Matrix Partners sowie mehrere andere Investmentfonds teilnahmen. Laut KuCoin bringt die Finanzierung die Marktbewertung der Börse auf 10 Milliarden USD.

KuCoin sammelte in seiner Finanzierungsrunde der Serie A im November 2018 20 Millionen USD.

Johnny Lyu, CEO von KuCoin, kommentierte die Runde vor der Serie B und sagte, die Finanzierung sei ein „Vertrauensbeweis“ für die Börse. Die Zuführung neuer Mittel wird laut Lyu die Vision der Plattform unterstützen, auf eine weltweite Einführung von Krypto zu arbeiten.

„KuCoin wurde für alle Klassen von Investoren entwickelt, und wir glauben, dass diese neuen Investoren und Partner dazu beitragen werden, KuCoin zu einem Synonym für ein zuverlässiges und vertrauenswürdiges Tor in den Krypto-Raum zu machen“, fügte er hinzu.

Mittel für die Web3-Expansion

KuCoin wird die neuen Mittel verwenden, um das Wachstum des Web3-Sektors mit gezielten Projekten in den Bereichen dezentralisierte Finanzierung (DeFi), NFTs , Krypto-Wallets und GameFi zu unterstützen.

Die Finanzierung wird außerdem dazu beitragen, die öffentliche Kette KCC zu überarbeiten, um ein dezentrales Ökosystem zu schaffen. Die Investition wird zudem eine entscheidende Rolle in KuCoins Plan spielen, sein zentrales Handelssystem zu verbessern, um eine Plattform der nächsten Generation zu schaffen, die eine zehnfache Steigerung der Netzwerkleistung ermöglicht.

Globale Regulierung sowie Sicherheits- und Risikomanagementbemühungen sind ebenfalls Aspekte, die die Börse mit den Mitteln verfolgen wird.

Mit einer globalen Benutzerbasis von mehr als 18 Millionen und einem Zugang in 207 Ländern zählt KuCoin zu den führenden zentralisierten Börsen der Welt.

Daten von CoinMarketCap stellen die Börse unter die fünf besten Plattformen, wobei Benutzer Dienste wie Spothandel, P2P-Fiat-Handel, Margin-Handel und Futures-Handel genießen. Benutzer erhalten auch Zugang zu Staking und Kreditvergabe.

The post KuCoin sichert sich 150 Mio. USD bei einer Bewertung von 10 Mrd. USD zur Erforschung des Web3 appeared first on BitcoinMag.de.

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Here is why LUNA is down by more than 40% in the last 24 hours

LUNA is one of the worst performers amongst the major cryptocurrencies by market cap.

The bearish sentiment in the market grows ticker as the market lost over $100 billion in the last 24 hours. The crypto market has lost more than 2% of its value in the last 24 hours and the total market cap now stands below $1.5 trillion.

Bitcoin briefly dropped towards the $30k psychological level before rebounding to now trade at $31,800 per coin. Ether continues to trade above $2,400 and is up by less than 1% despite the broader market in a bearish situation.

However, the biggest loser amongst the top 20 cryptocurrencies by market cap is LUNA, the native token of the Terra ecosystem. 

LUNA is down by 44% over the past 24 hours and has lost its place amongst the top 10 cryptocurrencies by market cap. The coin now occupies 13th place in the market.

The bearish performance came after Terra’s UST stablecoin slipped below its dollar peg twice yesterday. UST dropped to $0.69 yesterday, resulting in questions about the stablecoin’s stability.

UST’s predicament led to LUNA losing more than 40% of its value over the last 24 hours.

Key levels to watch

The LUNA/USDT 4-hour chart is one of the most bearish amongst the top 20 cryptocurrencies by market cap. 

The MACD line is below the neutral zone, indicating bearish momentum. Furthermore, the 14-day RSI of 21 shows that LUNA is currently oversold.

At press time, LUNA is trading at $33.05 per coin. If the bearish trend continues, it could drop below the $30 support level soon.

However, LUNA has shown signs of recovery over the past few hours and could move past the first major resistance level at $39 before the end of the day.

The post Here is why LUNA is down by more than 40% in the last 24 hours appeared first on Coin Journal.

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UST crash shows dangers of un-backed DeFi stablecoins, says Yield App CEO

The TerraUSD (UST) token crashed to lows of $0.61 on Monday as it massively de-pegged from the $1 peg even as the broader crypto market bled amid the worst sell-off of 2022.

UST has since moved back up amid a raft of measures to reestablish the peg by the Luna Foundation Guard, the organization that currently oversees the UST treasury.

As the algorithmic token fell, the LFG deployed its $2.2 billion BTC reserves – a move likely to have helped stem the rot- with BTC price falling briefly below $30k and LUNA nosediving more than 50% to around $28.

UST is vulnerable as LUNA trades 50% down in 24 hours

Tim Frost, founder and CEO of Yield App says the crash points to the vulnerabilities facing decentralized stablecoins.

“A brutal start to the week for the entire cryptocurrency market has brought one of its latest stars to its knees: UST. Just when we thought a decentralized, algorithmic stable coin had finally made the grade and proved all skeptics wrong, it slips 40% below its USD peg,” Frost told CoinJournal via email.

At the time of writing, UST is back to around $0.90 as BTC sees a slight recovery above $31.5k and Terra (LUNA) pares some of the losses to currently trade around $30. The LUNA/USD pair is however still 50% down.

Frost believes fresh selling around the DeFi token could mean LFG’s measures are “unlikely this is going to prove a long-term solution.” More inbound pressure on UST is thus possible.

“More importantly, this underlines how vulnerable decentralized stablecoins that rely on theoretical pegs instead of hard cash are in a good old-fashioned bank run. There is little anybody can do when investors start heading for the door en masse other than join the stampede and accept a huge loss,” the Yield App chief added.

On the overall outlook of the crypto market, Frost says “there is now little doubt we are in the midst of the most aggressive bear market since 2018.” 

The post UST crash shows dangers of un-backed DeFi stablecoins, says Yield App CEO appeared first on Coin Journal.