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The Daily In today’s edition of Bitcoin in Brief we cover stories about the stoners’ magazine High Times which dropped cryptocurrencies from its IPO, Binance launching its own academy, an institutional investors program by Kucoin and the Cash App expanding its crypto buying service across America. Also Read: An ICO Venture Is Trying to Take Over a Tokyo Stock Exchange Listed Company Stoners Drop Crypto From IPO The popular cannabis culture publication High Times recently announced that it is holding an initial public offering (IPO) and that it will be the first regulated A+ stock willing to accept cryptocurrencies such as BTC and ETH. However, according to a filing with the Securities and Exchange Commission (SEC) that was just an honest mistake. The announcement was “distributed in error as the Company will not be accepting bitcoin as payment for shares. As provided in the Company’s subscription agreement related to the offering, the Company will only be accepting check, ...

In a recent Medium post by Hong Kong independent journalist Jackson Wong, the reliability and safety of KuCoin as a crypto exchange was called into question.  In the report, titled “WARNING: KuCoin’s Hong Kong office is empty. Be extremely cautious about depositing money into this exchange,” the reporter expressed his concerns that popular crypto exchange KuCoin could be pulling an exit scam as their Hong Kong offices are empty. Long Held Suspicious Regarding KuCoin Wong began  his report  by recapping his previous concerns about the KuCoin exchange, discussing that he feared they would become illiquid during the next crypto crackdown by the Chinese government.  He claimed that the exchange apparently survived the “hit” by staying under the radar. Wong then went on to discuss that he feels that KuCoin  has always been suspicious because it was home-grown in Hong Kong. Wong claimed that within the Hong Kong community he has never heard of the exchange, and t...

A Hong Kong man skeptical of the cryptocurrency exchange KuCoin, paid a visit to its registered address in Hong Kong, only to find that it doesn’t actually exist. Communication Breakdown In a recent post on Medium , Jackson Wong from Hong Kong wrote about his experience visiting the KuCoin offices in Hong Kong — or rather not visiting, as he found barely a trace of the company in its registered HK location. The search was prompted by concerns Wong voiced in a previous post in January of this year, in which he warned readers that KuCoin was not actually operating out of Hong Kong like they had claimed. This came after finding out that KuCoin’s registered operating address was in mainland China. This was important at the time because of an announcement by the People’s Bank Of China (PBOC) stating that it would block access to all domestic and foreign cryptocurrency exchanges and ICO websites, which would include affecting the KuCoin exchange. Wong warned us...