Well Informed Guide from KuCoin: When Will The Cryptocurrency sExchange Open, Scams & Much More

Kucoin is a global cryptocurrency exchange that offers a variety of features and the ability to buy, sell, and trade cryptocurrencies. KCS claims to provide the most advanced level of security and a selection of nearly 400 cryptocurrencies. Despite its variety of features, it is a beginner-friendly exchange with a sleek and easy-to-use interface. The total market cap of KCS is currently $919,605 and ranks 96 on CoinMarketCap, at the time of writing.

Cryptocurrency on the other is considered as one of the growing industry with lots of people getting interested into it. The crypto market hours are usually 24/7, but varying levels of trading activity mean that a lot of trading happens within just a few hours. You can also view the live chart such as, BTCUSDT and ETHUSDT from KuCoin trade page.

Cryptocurrency Exchange Scams

As the indispensable trading platforms of the ecosystem, hundreds of cryptocurrency exchanges are emerging to facilitate the trading of digital assets. While it also attracts the attention of attackers. Several scam attacks were reported targeting crypto exchanges, leading to considerable financial loss. However, no previous work in the research community has systematically studied this problem. This paper makes the first effort to identify and characterize cryptocurrency exchange scams. First, over 1500 scam domains and 300 fake apps are determined by collecting existing reports and using typosquatting generation techniques. Then, by investigating the relationship between the scam domains and counterfeit apps, this paper identifies 94 Scams domain families and 30 fake app families.

By further characterizing the impacts of such scams, it is revealed that these scams have incurred a financial loss of 520k US dollars at least. It is further observed that the fake apps have been sneaked into major apps markets (including Google play) to infect unsuspicious users. The findings in this paper demonstrate the urgency to identify and prevent cryptocurrency exchanges scams. All the identified scam domains and fake apps have been publicly released to the research community to facilitate future research. Scammers send emails or post a message on social media promising access to virtual money stored on a cryptocurrency exchange. The only drawback is that the user usually has to pay a small fee first. The business never exists, and your money is lost forever.

Cryptocurrency Exchange Rate

This paper aims to determine the basic features of the use of mathematical modeling of the system to forecast cryptocurrency exchange rates. The study determines that cryptocurrency is the most straightforward investment asset being and, at the same time, the riskiest one. The advantages and disadvantages of the cryptocurrency use are specified:

Advantages

• Code Openness
• Anonymity
• Decentralization
• Emission
• Reliability

Disadvantages        

• Guarantees
• Instability
• Risk of prohibitions
• Possible loss

A model to forecast the bitcoin cryptocurrency exchange rate is proposed and substantiated mathematically. The observations are the basis for developing a hypothesis: the faster the cryptocurrency bitcoin mining pool, the more difficult it is to forecast the bitcoin cryptocurrency exchange rate. Specific factors to call attention to that may affect the cryptocurrency exchange rate; trade wars between the USA with other export-oriented world economies (China); the advent of IEO as the alternative for ICO, and new drivers connected with the interest in cryptocurrency; FATF recommendations for market controls, the entry of world giants (e.g., FACEBOOK) into the crypto-markets and the development of the stable coin market.