Talking points
๐ KuCoin crackdown on KYC
๐ถ Music x Blockchain
๐ Ledger enter trading scene
Let's jump into the heat ๐ฅ
๐ KuCoin crackdown on KYC
The major crypto exchange, KuCoin is making waves in the industry with a bold move. Starting July 15, 2023, all KuCoin users will be required to undergo mandatory know-your-customer (KYC) procedures. Talk about levelling up security!
KuCoin is raising the bar to protect your assets and comply with regulatory requirements worldwide. With stricter identity verification measures, they're leaving no stone unturned in safeguarding your crypto journey. Johnny Lyu, the CEO of KuCoin, emphasized the importance of enhanced KYC rules in protecting your asset security.
Now, pay attention! If you fail to complete KYC on KuCoin, some restrictions await you. Limited access to spot trading sell orders, futures trading deleveraging, margin trading deleveraging, "earn" product redemptions, and ETF redemptions are on the horizon.
But don't fret! Existing users registered before July 15, 2023, can still access certain features after completing KYC. Deposits might be off-limits, but withdrawals will continue as usual.
KuCoin, the global cryptocurrency exchange that launched in 2017, is on a mission to provide diverse services to its 27 million users in 207 countries. Spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending - Itโs safe to say they offer many options with over 700 digital assets to choose from too, KuCoin's got your crypto cravings covered.
Now, before you get too excited, let's clarify something. KuCoin doesn't serve users from countries like the United States, Canada, Singapore, China, and Hong Kong, as per their terms of use.
KuCoin's CEO, Johnny Lyu, understands that introducing mandatory KYC procedures might cause a temporary decline in trading volume. But he's confident it's a small price to pay for the long-term benefits it brings. This move is all about combating malicious activities, safeguarding user and partner funds, and establishing a healthy and sustainable ecosystem. Lyu believes in the adaptability and support of KuCoin's user base. Together, we'll conquer the crypto world!
KuCoin is certainly raising the bar, and security is the name of the game. Get ready for an enhanced user experience, broader platform products and services, and the peace of mind that comes with advanced security measures. However, many users will be impacted as a result of this and it could drive users to other exchanges.
๐ถ Music x Blockchain
Warner Music Group and Polygon Labs are teaming up to bring you an absolute game-changer with the Music Accelerator Program!
Imagine a world where music and blockchain collide, giving birth to mind-blowing creations. Well, that's exactly what the Music Accelerator Program aims to achieve. By supporting developers and dApps on the Polygon network, we're igniting the spark of innovation and revolutionizing the music industry!
Are you a company or an entrepreneur operating at the exciting intersection of music, technology, and Web3? If so, this program is tailor-made for you! Warner Music Group, with its unwavering dedication to blockchain initiatives, is teaming up with Polygon Labs to empower decentralized music projects on the Polygon network.
Warner Music Group has a clear vision which is to empower its artists and songwriters in this new era of music creation and consumption. By joining forces with Polygon Labs, they're taking a leap forward in their mission. Together, we're fostering ground-breaking ideas and fueling the growth of decentralized music projects.
It's a match made in music-tech heaven!
Now, let's talk about the exciting benefits that await those who are selected for the Music Accelerator Program. Picture this: financial support from both Warner Music and Polygon Labs, access to their vast networks of industry experts, mentorship, strategic guidance, and even assistance in marketing and promotion. It's like having an all-star team of music and blockchain gurus at your disposal!
They're on the lookout for projects that aim to revolutionize the decentralized distribution of music. They're also interested in those that foster vibrant artist-fan communities, explore on-chain ticketing solutions, and dive into the world of music-related collectible merchandise.
Ready to take your music-tech-Web3 venture to new heights?
The application process is ongoing, which means you can submit your brilliant ideas at any time. Show what you've got by sharing your pitch deck, demonstrating proof of traction, and detailing your proposed use of funds.
If you're among the chosen few, not only will you receive funding from both Warner Music Group and Polygon Labs, but you'll also have the chance to connect with industry experts, receive strategic advice, and establish invaluable connections in the music and blockchain sectors.
Warner Music Group has already dipped its toes into the exciting world of Web3. Collaborations with OpenSea, Probably Nothing, and artists like Ed Sheeran and Madonna have paved the way for decentralized intellectual property ownership and immersive fan engagement. They're pioneers in the field!
Polygon, on the other hand, has joined forces with big names like Starbucks, Reddit, Nike, and even Mastercard. They're driving the adoption of NFTs and empowering aspiring artists in the Web3 music space.
The music industry is certainly being heard, you could even say it is โmusic to their earsโ but these continuous partnerships and innovations are pushing them to be a bigger force in the Web3 world.
๐ Ledger enter trading scene
Recent times have not looked good for them but Ledger, the renowned hardware wallet maker, is making a bold move into the institutional trading technology market with its latest creation, the custodial trading platform known as Ledger Enterprise TRADELINK!
Ledger Enterprise TRADELINK is set to shake things up and redefine the custodial trading landscape. How? By providing an open network that enables seamless trading through partnerships with major crypto exchanges, custodians, and platform providers.
As a result, Ledger has teamed up with industry giants like Crypto.com, Wintermute, and Komainu to offer a range of exciting features on the TRADELINK platform. Off-exchange trading with regulated custodians? Ledger is set to take their platform to the next level.
Ledger understands the importance of security and transparency. That's why the platform incorporates Ledger's unique shared governance framework, providing real-time tracking of collateral balances and operational status for all participants. Rest assured, your assets are in safe hands!
Managing risk effectively is crucial in the world of trading. Ledger Enterprise TRADELINK allows fund managers to seamlessly handle their crypto assets and collateral across multiple custodial partners, minimizing risk exposure.
Say goodbye to complex transactions and unpredictable costs.
This is because, Ledger's innovative technology streamlines the trading process and ensures predictable costs for institutions. You can even pledge assets directly from a custodian, eliminating the need for multiple transactions. It's all about convenience!
Sebastien Badault, VP of Enterprise Revenue at Ledger, emphasizes the significance of this ground-breaking development. Ledger Enterprise Tradelink empowers asset managers, custodians, and exchanges to navigate the changing landscape with confidence. It's a future-proof solution that de-risks businesses and makes the ecosystem safer and more transparent.
On top of this, Ledger Enterprise TRADELINK has also partnered with an impressive roster of industry leaders, including Crypto.com, Hodl Group, Bitstamp, Huobi, and many others.
There has been a lot of speculation and controversy around Ledger recently, so whether this takes off is another question, but it is still a positive move nonetheless.
