The cryptocurrency exchange Cucoin promotes credit card payments for purchases in cryptocurrency. Okex excludes dozens of trading pairs with low liquidity. Scam in Ghana with over 100'000 investors.
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Kucoin is the credit card payments
Cucoin has teamed up with Israeli startup Simplex to allow its users to buy cryptocurrency from credit and debit cards. The new exchange service is now available in more than 100 countries. Cryptocurrency exchange customers can use us dollars and euros to buy bitcoin (BTC), ether (ETH) and litecoin (LTC).
FINTECH startup Simplex operates worldwide and has subsidiaries in the US, UK and Lithuania. According to the scheme of cooperation, the traders, taking advantage of the new service Kucoin actually receive payment from the Simplex. The company already cooperates with some of the leading platforms in Cryptoprotected, including Shapeshift and Changelly.
Okex excludes trading pairs with low liquidity
Okex, currently the second largest crypto-exchange, has announced the delisting of 38 trading pairs and tokens with weak liquidity and low trading volume. The solution applies to firstblood, district0x, iconomi, santiment network and singulardtv, among other coins. Trading pairs will be excluded from the exchange on November 30.
Okex advises users to cancel their orders with these coins, or else the exchange will automatically cancel them and return the assets to trading accounts. Customers Okex, having on his account VEE, LEV, AVT, CBT, WRC, QVT, MTL, DNA, DNT, OAX, 1ST CAG, UKG, BRD, SAN, ICN, ATL, SUB, REQ, NGC, AMM, LA, DENT, CIT, DAT and MAG - were asked to bring them to other platforms until 14 December.
Investors in Ghana lost $ 27 million in the Scam
It is reported that more than 110 ' 000 residents of West Africa were deceived by the scheme, including investments in cryptocurrency.
According to local media, the quake Kumi and David Apata - heads of legal persons with called Global Coin Community Help (GCCH), was arrested and questioned by the Directorate of economic and organized crime in the country. However, both suspects were released on bail.
Deceived investors lost about 135 million Ghanaian cedis, or about 27 million dollars, according to the newspaper "Daily Graphic". According to investigators, GCCH accepted funds for the purpose of depositing without a license from the Bank of Ghana. The company promised to pay customers a monthly interest rate of 27 percent within one year.
Unable to pay a high interest rate, the scammers later offered to compensate investors for assets in digital coins traded on an exchange called Mintcrtx. When their deposits were converted, the price of tokens collapsed 10 times. Police during the investigation found that the trading platform is owned and operated by GCCH.
Link to the source of information (Russian) - https://altstake.io/news/novosti-dnya-kucoin-i-plateghi-po-kreditke-okex-delistit-nepopulyarnye-pary