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KuCoin Opens In-depth Strategic Cooperation with Dmail Network, the Next-generation Web 3.0-based Collaborative Platform.

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Kucoin Opens In-Depth Strategic Cooperation With Dmail Network, The Next-Generation Web 3.0-Based Collaborative Platform.
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VICTORIA, Seychelles–(BUSINESS WIRE)–KuCoin, a leading global cryptocurrency trading platform, together with its community chain KCC, KuCoin Wallet, and ecological investment and incubation platform KuCoin Labs, will open in-depth strategic cooperation with Dmail, the next-generation Web 3.0-based collaborative platform.

1663680728 577 Kucoin Opens In Depth Strategic Cooperation With Dmail Network The Next Generation

As a world-renowned crypto exchange, KuCoin has been paying attention to the layout and development of the Web3 field since a long time ago. And Dmail has been focused on developing a decentralized mailbox service system that meets the core demands of next-generation Internet users and provides a safe and reliable information storage service. Ever since Dmail was founded, it has received attention from tremendous investors such as Hashkey Capital, Amino Capital, OIG VC, and so on. The cooperation between these 2 Industry giants will involve technology, ecology, and information service to provide users with a Web3-level information service experience.

Through this cooperation, Dmail will provide decentralized mailbox services based on multi-chains for KuCoin ecological users, while KuCoin and KuCoin Labs will also provide Dmail with comprehensive support in technology, marketing, ecology, etc.

In future cooperation, Dmail DApp will be embedded in KuCoin Wallet and also support KuCoin Wallet login. As a result, Dmail will support sending messages between the wallets of KCC chain users and sending messages between KCC chain users and other chains such as Ethereum/BNB Chain and even other Web2 mailboxes. In addition, in order to give back to the support of the KCC ecosystem, Dmail will airdrop NFT domain accounts exclusively for users with KuCoin Wallet and KCC users in the future.

Johnny Lyu, KuCoin CEO, noted that this in-depth cooperation marks a big step forward for KuCoin to explore the web3 world. He added: “It is absolutely exciting to generate in-deepen cooperation with Dmail, the leader of decentralized mailboxes in Web3. Dmail’s goals and pursuits in related fields coincide with KuCoin. We have great confidence that driven by this strategic cooperation, we will bring more great achievements from decentralization and Web3 exploration to share with our users worldwide.”

James Wen, founder of Dmail said, “We are excited to enter into further partnership with KuCoin Eco as KuCoin approaches its fifth anniversary, and this is a very important partnership for both! In the future, Dmail will work together with KuCoin to promote the construction of decentralized information services in the Web3 world and build a bridge to the Web3 world for more users.”

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 700 digital assets and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 20 million users in 207 countries and regions.

In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. Forbes also named KuCoin one of the Best Crypto Exchanges in 2021. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts.

To find out more, visit https://www.kucoin.com.

About KuCoin Labs

Since its launch in May 2018, the KuCoin investment and incubation program has brought together a group of crypto experts for in-depth market research, analysis, investment, and incubation in the crypto industry. KuCoin Labs has diversified investments into early-stage projects to help builders achieve sustainable growth and success in the decentralized world.

To find out more, visit https://www.kucoin.com/zh-hans/land/kucoinlabs.

About KCC(KuCoin Community Chain)

KCC is a public chain project initiated and built by the developer community of KCS and KuCoin, aiming to solve the network latency and high gas fee of Ethereum. KCC is an EVM-compatible blockchain and is striving to provide community users and developers with a higher-speed, more convenient, and lower-cost blockchain experience.

To find out more, visit https://www.kcc.io/.

About KuCoin Wallet

KuCoin Wallet is a secure and easy-to-use crypto wallet that supports multi-chain aggregation powered by the KuCoin ecosystem. With the security expertise of KuCoin and the leading security technology audited by Hacken, KuCoin Wallet is a self-custody wallet with users having full control of their assets. KuCoin Wallet provides the easiest way for users to manage multi-chain assets and enables users to buy, store and view NFT collections directly within the wallet. KuCoin Wallet is a gateway to the web3 world for all crypto users.

To find out more, visit https://kuwallet.com/.

About Dmail

Dmail Network is the next-generation Web 3.0-based collaborative platform which integrates the functions of message communication, asset management, data storage, workspace and etc. Over time, Dmail will become a fundamental infrastructure tool and DID for users to enter the Web 3.0 era, and will be a bridge that links Web 2.0 users to easily use blockchain services.

To find out more, visit https://dmail.ai/presale.

Contacts

Emma Haul

[email protected]

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Helium (HNT) Holds Gains Undermining Market Downtrend

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Helium (HNT), a cryptocurrency project focusing on the Internet of Things, has gained in recent times despite market conditions. According to CoinMarketCap, HNT has been up 8.42% over the last 7 days, trading at $4.90 at press time.

Despite the gains, the token has found it difficult to break above the $5 mark. The price movement has been on a downward trend. It’s uncertain if this will continue or not. However, its weekly price action has given traders a good reason to be hopeful.

Related Reading: Bitcoin Price Is Sitting On A Gun Powder, Will It Explode?

How Helium Is Holding Its End

As of writing, the Helium (HNT/USD) price is $4.90. Although earlier this morning, October 2nd, it was considerably higher than that. What makes this rate so exceptional for this coin?

The market is behaving strangely. Friday’s HNT price of $5.11 and recent volatile trends indicate this. This is a really positive sign for this cryptocurrency, as there is now a great deal of interest in it. The coin’s value and trading volume have both increased since last week’s all-time high. So far, today’s trading volume is $19 million, although it’s down 9.52% over yesterday’s total of $21 million.

The charts currently show a double top which indicates a bearish reversal pattern. However, the current price is still very much within the range of support levels. If the price continues to fall below these levels, then we could see further losses. But if the price breaks out of the resistance level, then we can expect some bullish momentum.

HNT’s price is currently trading at $4.85. | Source: HNTUSD price chart from TradingView.com

Where Does Helium Go From Here?

There’s no telling where this coin will go from here, but things are going well for now. The price of HNT may be almost the same as it was at the beginning of the month, but this does not imply that the price has stayed relatively flat.

Quite the reverse, as the coin has seen much activity. This activity has taken HNT both to new lows and new highs in the space of a few weeks. As it strives to go more mainstream, we anticipate Helium will continue to experience a great deal of activity.

Those that took advantage of the recent downturn have reaped substantial profits from Friday’s upswing. The price movements between then and today, October 2nd, show they might get another chance to benefit in the weeks ahead. But there’s no way to tell for sure.

More On Helium’s IoT Offering

Helium is a blockchain-based technology that focuses on IoT. It has an internet router called Helium hotspot. These nodes provide users with more affordable and extensive internet connectivity. Most crypto initiatives focus on decentralized finance and non-fungible tokens, but just a handful on IoT.

Related Reading: Crypto Community Predicts Polygon (MATIC) To Rise Nearly 20% By October 31

Helium allows for long-distance communication thanks to its worldwide wireless network and helium hotspots. Connectivity for all IoT devices is guaranteed by these hotspots, which serve as the network’s backbone. 

If you own a hotspot, you may benefit from increased visibility and financial incentives. Helium’s distributed ledger technology is made possible by these nodes allowing IoT devices to communicate with one another.

Featured image from Pixabay and chart from TradingView.com

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QNT Marks Positive Moves When Major Coins Facing Dumps

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Quant (QNT), a top 100 cryptocurrency on CoinMarketCap, has marked positive moves in the last few weeks. This is coming when major coins are facing dumps due to bearish market conditions.

The token has stayed green for 4 weeks, gaining over 47.37% since its $95.1 price on September 1st. The price action has been driven by strong volume and trading activity. Despite its market cap still down 2.98%, QNT has performed well against other coins with similar market caps.

Related Reading: Bitcoin Bullish Signal: Exchange Outflows Spike Up

Quant Take Back Nearly 50% From The Market In 4 Weeks

The world’s financial markets were rocked on September 13 as the U.S. Federal Reserve released inflation figures. The stock market crashed, taking the cryptocurrency market with it because of the correlation between the S&P 500 index and Bitcoin.

QNT fell along with the rest of the crypto market on September 13, halting its upward momentum shortly. Market uncertainty and mistrust also made it hard for bulls to boost Ethereum and Bitcoin prices. At that time, the price of QNT had a challenging time moving beyond $112.12. This price acted as its resistance level for the next few days.

Quant finally broke above the $115 mark on September 24th and continued climbing higher. During this time, the majority of coins on the market still lagged behind QNT. The token is still on an upward trend, trading at $132 as of press time. It has gained over 45.65% in the past four weeks.

QNT’s price is currently hovering above $132. | Source: QNTUSD price chart from TradingView.com

What The Charts Say About Quant’s Movement

A formatted inverted head and shoulders pattern emerged on the Quant seven-month price chart. This bullish reversal is frequently seen near market bottoms. It signals a shift in market sentiment from selling on rises to purchasing on declines. In addition, coin purchasers have lately broken through the pattern’s resistance at the neckline. This creates an opportunity for coin holders to recover their investments.

The price of Quant gave a tremendous breakthrough from its resistance trendline of $121 on September 27th. This comes despite the continued uncertainty that exists in the cryptocurrency market. The altcoin buyers spent the next two days trying to keep prices above the broken trendline and the $131 mark.

Plus, the lower price resistance included in these retest candles suggests that buyers are receiving adequate support at this level. As a result, the reversed support reinforced yesterday’s 8.5% rise, providing confirmation of the chart pattern breakthrough.

Chart Trend Gives Traders Hope For A New High

The price of Quant is at $132 as of writing. If people keep buying, the price should go up to $155, which will be the next level of resistance. 

Related Reading: Binance Coin (BNB) Bulls Defends Key Zone, Will The Give Up?

A possible breakthrough in this monthly resistance will give buyers more room to move. It’ll also make the ongoing recovery last longer. On the other hand, the bullish thesis would be disproved if the coin price declined from the $155 barrier. It might even fall below $131.

Featured image from Pixabay and chart from TradingView.com

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Coinbase Users With U.S Bank Accounts Face Major Outage

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Coinbase Diversifies Options With Polygon And Solana
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