Business
Tips you need to know about account security on KuCoin
In a bid to help its users identify different kinds of scams in the world of crypto, leading crypto exchange KuCoin, also known as ‘People’s exchange’, has shared some tips that will also help users to secure their accounts.
According to Johnny Lyu, CEO KuCoin, “in most emerging industries, scams and frauds are quite common as there will be plenty of newcomers while there are few places to learn. This is what is happening to crypto”.
“As the industry is evolving, so are the scams. Presently cloned websites are one of the most common scams. Also, we’ve seen scams like fake ICOs, fake airdrops, exit scams, phishing emails, fake admins and so forth. To deal with it, keep learning and DYOR is essential, especially in crypto where we have new things almost every day. That’s why I always say learning is earning,” Lyu explained.
For major players like KuCoin, “it’s our responsibility to educate the beginners, trying our best to protect them”.
“So, we are constantly posting educational posts, articles and videos on our owned channels, and we are going to launch more investor education programs globally,” Lyu added.
Here are the tips that users need to know about account security on KuCoin.
Anti-phishing safety phrase (email/login/withdrawal safety phrase): To prevent situations like phishing emails and phishing sites, KuCoin accounts have an anti-phishing security function. Users can set a security anti-phishing safety phrase (such as a motto, etc.) on their KuCoin account.
When logging into the website or receiving an email, a safety phrase will be displayed in the email from KuCoin or the login window. If the safety phrase is not displayed or incorrect, it means that users are on a phishing site or have received a phishing email and therefore should not proceed any further.
Login IP restriction: Users will be logged out automatically when their login IP changes. With this feature, attackers will not be able to log in to your account with the hacking actions.
Setting up KuCoin login and password in a proper way: The company said that there are two basic rules to set a proper login password — never make a password too easy and set a unique password for the KuCoin account. Usually, it is recommended that your password should contain uppercase, lowercase letters, numbers, and even special characters to increase the security level of your password.
Please note that to prevent potential attackers from locking users out of their accounts, there is a 24-hour withdrawal limitation once a password change action happens to the KuCoin account.
Enable two-factor authentication (2FA): Activating two-factor authentication (2FA) is also the priority to protect your KuCoin account and crypto-assets. KuCoin supports two types of 2FA — SMS and Google Authentication.
Set the list of usual withdrawal addresses: In KuCoin, there is a security feature called Address Book which allows users to limit the wallet addresses so that it can be secure and convenient after setting your usual withdrawal addresses.
KuCoin Official Media Verification: To prevent any fraud in the name of KuCoin, the company recommends that users can confirm an official KuCoin contact or domain by entering the telephone number, email, WeChat, Telegram, Skype, Twitter, or website address through the exclusive KuCoin Official Media Verification.
KYC verification: KYC can effectively reduce fraud, money laundering, and terrorist financing, among other malicious activities. In KuCoin, the company suggests users complete the KYC verification. For verified accounts, the users can enjoy a higher daily withdrawal limit and participate in the Fiat-Crypto service provided by KuCoin.
Meanwhile, the company said it aims to protect users’ privacy and assets from infringement. Its security team has constantly been improving related mechanisms and performing periodic reviews to protect usersae privacy and assets.
Business
8th Pay Commission begins discussions in Chandigarh

New Delhi, Sep 16: The eighth Central Pay Commission is set to begin a three-day visit to Chandigarh on Wednesday, as part of its consultations on pay and pension-related matters.
The commission will hold meetings with civil service unions, pensioner groups and representatives of the regional administration till Friday.
The discussions are expected to focus on pay conditions and submissions from public sector stakeholders in northern India.
The eighth Central Pay Commission is led by former Supreme Court Justice Ranjana Prakash Desai while its members include Pankaj Jain, a former IAS officer serving as Member-Secretary, and Pulak Ghosh, a tenured Professor of Finance and a member of the Economic Advisory Council to the Prime Minister.
Representatives from Punjab, Haryana, Himachal Pradesh and Chandigarh are expected to submit their views on the pay and pension revision during the commission’s meetings.
Employee associations, pensioner groups and other stakeholder bodies, including those representing railway and defence personnel, will put forward their views before the panel.
The feedback gathered during these consultations will form part of the inputs considered while framing its recommendations.
The commission’s work could have a bearing on the financial interests of more than one crore employees and pensioners.
The affected population includes around 50 lakh Central government employees and about 65 lakh pensioners, covering defence and railway personnel as well as retirees.
Employee representatives are seeking a higher fitment factor, which would raise the base used to calculate salaries under the next pay revision.
Unions are also calling for changes to the Dearness Allowance (DA) framework, including more frequent revisions and a possible merger with basic pay after a specified threshold is reached.
Several submissions seek a review of house rent allowance (HRA), transport allowances and hardship-related payments, with demands for higher rates that take account rising costs in cities and difficult postings.
Pensioner organisations are seeking stronger safeguards for retirement income, enhanced family pension provisions and better healthcare support after retirement.
Employee bodies are also raising concerns over promotion structures, service conditions and the competitiveness of government compensation as part of efforts to sustain workforce morale and recruitment.
Under the timeline set out in its Terms of Reference, the commission has 18 months from its constitution on November 3, 2025, to submit its recommendations.
Business
Indian markets trade higher in early deals; FMCG, banking shares lead

Mumbai, Sep 16: Indian stock markets traded higher on Wednesday with equity benchmarks rising around 0.7 per cent each in early deals amid buying in FMCG, banking, cement and auto stocks.
Nifty was at an intraday high of 23,281, an increase of 162 points or 0.70 per cent in morning trade, while Sensex rose over 500 points or 0.67 per cent to 74,505.
Sector-wise, Nifty FMCG, Nifty PSU Bank, Nifty Cement and Nifty Auto were top gainers which gained up to 1.45 per cent.
Meanwhile, Nifty Oil & Gas rose 0.54 per cent, while Nifty Private Bank gained 0.33 per cent.
On the other hand, Nifty MidSmall IT & Telecom fell 0.68 per cent, while Nifty MidSmall Healthcare, Nifty500 Healthcare, Nifty Pharma and Nifty Chemicals declined between 0.18 per cent and 0.51 per cent.
According to market experts, the market structure remained weak with elevated US bond yields and high crude oil prices weighing on sentiment.
“Foreign institutional investors have remained sellers over the past five sessions, and could continue to sell on rallies as the US 10-year Treasury yield remains elevated,” they said.
Analysts said the US Federal Reserve’s expected 25-basis-point rate hike was largely priced in making its commentary on the economic outlook and future rate actions more important for markets.
Despite the broader weakness, experts said stock-specific opportunities remained, with the appointment of a new MD and CEO at HDFC Bank and new NPCI norms for digital transactions among events that could influence the market.
On the technical front, experts said the inability of the Nifty to sustain above 23,515 had invalidated the recent upside attempt. Consecutive closes below the lower Bollinger Band and Tuesday’s bearish engulfing candle reflected strong bearishness, although they also suggested that fear may be peaking.
Nifty remains within the 23,260-23,000 support band, offering hopes of a revival. A close below this zone could bring the 22,600-21,800 range into focus, they said.
Business
Meta to report child safety cases to India’s I4C cybercrime portal (Lead)

New Delhi, Sep 15: Meta will directly report child safety matters to India’s Cybercrime portal managed by the Indian Cyber Crime Coordination Centre (I4C), the US-based technology giant said on Tuesday.
The decision comes amid heightened scrutiny of Meta in India over the alleged circulation and promotion of child sexual abuse material (CSAM) through advertisements on Instagram.
The government has said the online safety of children is a fundamental principle for every social media platform operating in India and remains non-negotiable, according to government sources. The commitment by Meta is being seen as a first step towards strengthening safeguards for children on social media platforms, they added.
Meta — in a statement on the ongoing issue — said protecting children on its platforms is a priority and that it is committed to working with the government to ensure perpetrators of such crimes are held responsible.
“To collectively strengthen our efforts to combat this harm, Meta will now report child safety matters directly to the Cyber crime portal managed by I4C,” a Meta spokesperson said.
Social media platforms can be used to circulate or facilitate access to CSAM and other forms of child exploitation.
Reporting such cases to law enforcement agencies would help ensure that such incidents are not dealt with solely through platforms’ internal content-moderation systems.
The government has stressed that more needs to be done and that discussions are continuing with other social media platforms to proactively identify and remove harmful content.
It has also warned that action could be taken against platforms that fail to adopt adequate proactive measures to protect children online.
The development comes amid growing global scrutiny of social media platforms over risks to children, including exposure to sexual exploitation, harmful content and online abuse.
In India, social media platforms are governed by the Information Technology Act and the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, which prescribe due-diligence obligations for intermediaries.
Meta had faced scrutiny after an investigation by the Tech Transparency Project (TTP) found that Facebook and Instagram carried paid advertisements featuring child sexual abuse material this year, including AI-manipulated images of real children.
The investigation also found more than 300 advertisements featuring AI-generated child sexual abuse material on Meta’s platforms.
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