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KuCoin’s Sky-High Bitcoin Yields Draw Ire

On its Earn page, KuCoin has been promoting annual percentage rates (APRs) of 233.15% on deposits of Ethereum, 253.28% on Bitcoin, and 100% on Tether. There was a point when it seemed like the best strategy to stimulate the adoption of cryptocurrency yield products was to offer sky-high annual percentage rates on those products. That…