{"id":82558,"date":"2023-08-03T11:58:50","date_gmt":"2023-08-03T08:58:50","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=82558"},"modified":"2025-09-12T05:47:35","modified_gmt":"2025-09-12T02:47:35","slug":"kucoin-to-suspend-bitcoin-and-litecoin-mining-pools","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/kucoin-to-suspend-bitcoin-and-litecoin-mining-pools\/","title":{"rendered":"KuCoin to suspend Bitcoin and Litecoin mining pools"},"content":{"rendered":"

On 15 August, the crypto exchange KuCoin will temporarily halt mining pools for Bitcoin and Litecoin (LTC<\/a>).<\/p>\n

Representatives of the platform said the move aligns with the company\u2019s evolving business strategy.<\/p>\n

Users will retain full access and control over their assets. However, until 15 August, clients must migrate their activity to alternative services, KuCoin noted.<\/p>\n

\n

\u201cWe will assess whether a restart is required depending on market conditions and user demand in the future,\u201d the company representative told The Block<\/a>.<\/p>\n<\/blockquote>\n

According to him, KuCoin will focus on its core product and delivering a safer and more convenient trading platform.<\/p>\n

The shutdown of the pools coincided with the Litecoin halving<\/a>, as a result of which the reward for a mined block in the network fell from 12.5 LTC to 6.25 LTC.<\/p>\n

Since then, the asset\u2019s price has declined, by 5.2% over the 24 hours, according to CoinGecko<\/a>. At the time of writing, LTC trades at $86.05.<\/p>\n

\"LTCUSDT_2023-08-03_11-45-06\"
15-minute LTC\/USDT chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

Earlier in June, Binance launched the Cloud Mining<\/a>, which allows users to purchase hash rate and mine Bitcoin in the cloud.<\/p>\n","protected":false},"excerpt":{"rendered":"

On 15 August, KuCoin will temporarily suspend mining pools for Bitcoin and Litecoin (LTC).<\/p>\n","protected":false},"author":1,"featured_media":82559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1137,1411,209],"class_list":["post-82558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-mining","tag-kucoin","tag-litecoin"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=82558"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82558\/revisions"}],"predecessor-version":[{"id":82560,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82558\/revisions\/82560"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/82559"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=82558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=82558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=82558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}