KuCoin Exchange Reopens Bitcoin, Ethereum Withdrawals After $281M Hack
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KuCoin Exchange Reopens Bitcoin, Ethereum Withdrawals After $281M Hack

THELOGICALINDIAN - After eleven canicule the barter is annoyed with their aegis advancement as they restore casework for BTC ETH and USDT

Following the $281 actor KuCoin hack two weeks ago, the barter blocked all deposits and withdrawals. Now, it seems that their new aegis measures are in abode as they restart casework for Bitcoin, Ethereum, and Tether. 

KuCoin Reactivates All 71 Cryptocurrencies

Though old addresses will abide to be functional, KuCoin has encouraged all users, both afflicted and unaffected, to actualize new drop addresses.

Tether casework are currently limited. USDT on Ethereum can be deposited and withdrawn, while on EOS and TRON it can alone be deposited. OMNI Tether is not enabled as of yet. 

At the time of writing, users can drop and abjure 71 cryptocurrencies on the KuCoin Exchange.

There are no new capacity apropos the hackers or their character back the advertisement aftermost week. According to the exchange, about $176 actor of the baseborn assets accept been arctic or anchored afterward the abrupt acknowledgment of several semi-decentralized cryptocurrency projects.

The company's new trademarks accommodate RippleX and Ripple Impact.

Ripple has rebranded some of its casework and emphasized its all-around mission, as abundant in a new blog post from the company.

Services Go Global

Two of Ripple’s articles accept been rebranded. The aboriginal is Xpring, its developer-oriented payments platform, which is now accessible beneath the new name RippleX.

The additional is its alms and apprenticeship platform, Ripple for Good, which will now accomplish as Ripple Impact.

These changes were ahead hinted at in August’s brand filings; today’s advertisement confirms the news. However, the rebrands are additionally allotment of the company’s attempts to aggrandize globally.

“We’re eliminating the abrasion inherent in our all-around banking system…enabling payments for everyone, everywhere,” it writes.

In today’s announcement, the close additionally states that it will beforehand its capital payments product, RippleNet. More capacity will be appear at the company’s Ripple Swell appointment at the end of October.

Will Ripple Leave the U.S.?

Though the aggregation has portrayed its efforts to aggrandize globally in a absolute light, there seems to be addition ancillary to the story. It may leave the U.S. entirely.

On Tuesday, Ripple controlling administrator Chris Larsen bidding annoyance with U.S. regulators at the LA Blockchain Summit. He appropriate that Singapore and the U.K. would accommodate added applicable authoritative environments and that the close is “looking at relocating [its] address to a abundant added affable jurisdiction.”

Ripple CEO Brad Garlinghouse accepted those affairs on Twitter. He antiseptic that Ripple is “not looking to abstain rules” and that it “just wants to accomplish in a administration area the rules are clear.”

Like assets awash by added crypto companies, the company’s XRP token’s acknowledged status is unclear.

Class activity lawsuits accept answerable the aggregation with affairs an unregistered security. Leaving the U.S. would not boldness this lawsuit, but accomplishing so would apparently advice Ripple abstain approaching authoritative issues.