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4 Notes on Bleutrade Delisting Dogecoin, QTUM, and Others

Running a cryptocurrency exchange is a very time-consuming task. Platforms need to cater to as many users as possible, primarily by opening up dozens of trading markets. For Bleutrade one of the smaller altcoin trading platforms, removing dozens of coins is also par for the course.  Removing Dozens of Coins When an altcoin exchange notes some of its pairs are not generating sufficient trading volume, the logical option is to remove them altogether. Bleutrade, which has always been a small player in the altcoin trading world, is now making some very tough decisions which can affect a growing portion of its user base. A total of 55 altcoins, tokens, and assets will be removed from the platform in the next few weeks. This is only to be expected, as it seems a fair few of these projects no longer have active developers either. However, there are some surprising names on this list as well, which will undoubtedly raise some very interesting questions along the way.  The key Removals are Puzzling While it makes sense for an exchange to delist some of the lesser-known currencies after supporting them when hardly anyone else would, there are some key projects on this list. Why Bluetrade has decided to make the decision for those specific markets, remains unclear,  To be more specific, the noteworthy delistings include Dogecoin, Bitcoin Gold, ETHLend, OKCash, Monacoin, Waves, and a few others. These are of a different caliber compared to most of the lower-cap coins also on this list. For now, it remains to be seen why these specific top markets are on the list, although it is possible regulatory pressure may have something to do with it. Withdrawals Remain Possible Until Late September Unlike most other cryptocurrency exchanges which remove specific coins, Bleutrade will allow users to withdraw funds for another few months. That is rather unusual, as decisions like these will usually result in a delisting within the next 30 days. That in itself may shed some light as to why these specific altcoins will be removed from the platform altogether.  If there was any genuine regulatory compliance problem, the window to withdraw these tokens would probably be much shorter. However, the trading of these currencies will be halted in less than two weeks, which shows that there is some degree of urgency to take into account.  Market Impact Should be Minimal While it remains to be seen how Bleutrade will fare after these coins are removed from the platform, the actual impact on these markets should be rather minimal. While it is never good to see coins getting delisted for whatever reason, Bleutrade has never generated any major trading volume to speak of. As such, it seems highly unlikely any major price changes will occur for the likes of Dogecoin and QTUM. In terms of the smaller-cap coins, however, things may look very different in the near future. These projects usually struggle for traction across exchanges already, and having Bleutrade remove them will not improve upon that situation.  Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency. Image(s): Shutterstock.com The post 4 Notes on Bleutrade Delisting Dogecoin, QTUM, and Others appeared first on NullTX.
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Crypto Market Watch: Bitcoin Seeks For The Next Move, Zcash Classic Plunges 66% Following Bittrex Delisting

The cryptocurrency market is in a mixed state today with most of the top ten cryptos in red while a few are recording gains of no more than 2% on the day.  Bitcoin price traded around $12,400 but dropped to as low as $11,500 during the early hours of today. Although the coin moved back to $11,800 within the last hour, it is now trading around $11,600, indicating approximately 1% decline, at the time of writing Both Ethereum and Ripple are also in the red side of the market, with the leading altcoins recording losses of 0.9% and 0.1% respectively.  The total market cap is ~$331 billion | Bitcoin’s market cap is ~$207 billion | BTC dominance at 62.5% BTC 4-Hour Chart Major Crypto Headlines 1 Satoshi Is Now Worth More Than 7 National Currencies. The smallest unit of Bitcoin currently holds more value than some fiat currencies including the Iranian rial, Vietnamese dong, Indonesian rupiah, Guinean franc,  Sierra Leonean Leone, Laotian kip, and the Uzbekistani som. IMF Predicts Central Banks to Issue Digital Currencies. A new survey conducted by the International Monetary Fund (IMF) has revealed that several countries are considering creating a Central Bank Digital Currency (CBDC) as an alternative to cash as well as to reduce banking costs. Craig Wright Spars With Kleiman Lawyers in Combative Courtroom Appearance. The self-proclaimed bitcoin creator appeared to give reasons why he did not and will not certify facts about the 1.1 million bitcoin he allegedly mined with late David Kleiman in December 2013. Most Significant Winners and Losers MMOCoin (181.09%)  The altcoin has the most significant share of the profits in the crypto market today. MMO sees gains of more than 180% against the USD and trading at $0.00568. On the weekly chart, the coin traded as high as $0.009 on Sunday but dropped to the $0.002 region during the rest of the week.  Qredit (139.98%)  Qredit price movement has been somewhat unstable within the last month, with its price seeing massive periodic surges. The cryptocurrency started the day with a price hovering around $0.001 but is now trading at $0.002651, indicating a 139.98% gains on the day.  ZClassic  (-66.25%)  Zclassic, which is a fork of Zcash, is suffering the most significant crash in the crypto market today. ZCL is posting losses of over 60% against the USD on its charts with its price now trading at $0.465 with a daily volume of $648,510. Zclassic’s price decline is coming after Bittrex, the leading crypto exchange announced the delisting of the ZCL token from both Bittrex.com and Bittrex international.  ZClassic The post Crypto Market Watch: Bitcoin Seeks For The Next Move, Zcash Classic Plunges 66% Following Bittrex Delisting appeared first on CryptoPotato.
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After CBOE Delisted BTC Futures, CME’s Bitcoin Futures Hit Rrecord

Coinspeaker After CBOE Delisted BTC Futures, CME’s Bitcoin Futures Hit RrecordSince in March the Chicago Board Options Exchange (CBOE) announced they were ending its Bitcoin futures products, the Chicago Mercantile Exchange (CME Group) has seen a huge flood of bitcoin derivatives volumes.In May, CME’s bitcoin futures surpassed 33,000 contracts ($1.3 billion notional value) in one day. Also, CME’s open interest for its bitcoin derivatives positions smashed an all-time record high of 5,190 contracts. Bare in mind that June volumes are just starting to pick up and so are contracts in July.CME Bitcoin futures (BTC) shows growing signs of institutional interest. BTC open interest rose by a record 643 contracts in a single day, establishing a new all-time high of 5,311 contracts on June 17 (26,555 equivalent bitcoin; ~$250M notional). https://t.co/I6A3jD6Iq3 pic.twitter.com/ljz6EbvK79— CMEGroup (@CMEGroup) June 18, 2019This huge rise came probably as a result of increased institutional investment coming into the market in the last quarter. The truth is there happened huge developments in the crypto space over the last few months: Bitcoin climbed to $9K, Facebook stepped into the blockchain space and Fidelity launched their crypto custodian service.Analysts find this record quite important because for many years the crypto market had been driven by retailers in an unregulated environment, which lacked the legitimacy and liquidity to tempt in bigger players from the traditional financial space. Even though the arrival of institutional investment is regarded as a huge advantage for the crypto market, it is also more than likely to cause an increase in CME gaps and forced liquidations that have an overriding effect on BTC price volatility. At the time of writing Bitcoin price was up by 1.08% to $9,255.87.In addition to the record numbers, CME Group published a new report on June 5 analyzing of the CME CF Bitcoin Reference Rate (BRR). The report explains how the BRR system works and how the bitcoin-based index avoids manipulative practices and gives an accurate representation of price.The report says:“There is liquidity in the BRR, in the 1 year to March 2019, over USD 3 billion worth of bitcoin trades were executed, over 1.8 million trades were included in the BRR based on a total of 607,000 bitcoins traded, this shows credibility in the computation of the BRR.”CBOE, on the other hand, was the very first exchange in America which had listed Bitcoin futures one year and six months ago.During its launch, CBOE Global Markets’ then-COO (Chief Operating Officer) and President Chris Concannon had stated how they thought derivatives would bring about changes in the conventional finance sector and accelerate the acceptance of digital currencies.While CME is noticing increased interest and positions, the Cboe Global Markets settled its last bitcoin futures contracts yesterday, 3 p.m. Chicago time.After CBOE Delisted BTC Futures, CME’s Bitcoin Futures Hit Rrecord
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Bittrex follows Binance’s cue, delists over 40 altcoins from Bittrex US; sign of things to come?

Binance, the largest and most reputed cryptocurrency exchange in the world seems to have a larger impact on the cryptocurrency market than what was perceived. Bittrex, the Seattle-based exchange has followed suit announcing an update for their US customers. On June 14, the Changpeng Zhao-led exchange updated their Terms of Service, which led to their US customers losing access to trading services on the exchange. The restriction of US-based customers will be accompanied by the launch of Binance.US, an American specific cryptocurrency exchange, in association with FinCEN registered BAM trading services. Less than a day after Binance announced its decision to quit, albeit temporarily, the US market, Bittrex revealed its “Market Availability Changes for U.S. Customer.” The change in service which will be effective from June 28 will see over 40 cryptocurrencies “transition” to Bittrex International. The terms stated, “This change DOES NOT affect the availability of these markets on Bittrex International for non-U.S. Customers. “ Source: Bittrex Bittrex stated that the US customers can buy or sell the coins and tokens, any open order can be canceled or replaced or the assets can be withdrawn, all prior to the above-mentioned date. However, post 28 June, the US customers cannot engage in any transaction related to the digital assets, but withdrawal and holding of the same will be allowed “for as long as Bittrex International supports a market in those Tokens/Coins.” With prominent virtual currencies amassing millions in market cap like Aragon [ANT], Civic [CVC], TenX [PAY] among others, removed from the BittrexUS market, there seems to be an “altcoin exodus” in the mix. Many analysts have opined that this could trigger a domino effect with other exchanges following suit, leading to several little known altcoins being dumped. Don Alt tweeted, “This is an altcoin exodus. If we assume these coins will all not be on Binance US either (Regulation for Bittrex and Binance is the same) they’ll lose the entirety of the US market.” These alts might not capitulate into nothingness, they might just get delisted into it. Hailey Lennon of bitFlyer, stated, “Regulators now have multiple examples of how regulation stifles innovation in the US” The post Bittrex follows Binance’s cue, delists over 40 altcoins from Bittrex US; sign of things to come? appeared first on AMBCrypto.
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Crypto Exchange Bittrex Delists 40+ Altcoins for US Clients: Regulatory Pressure

Crypto Assets Delisted En-Masse on US Exchanges As Bitcoin (BTC) has returned, regulatory pressure on crypto assets and their respective industries have begun to rapidly mount. We may be just six months from BTC’s $3,200 bottom, but governments across the globe are already preparing for the next bull run. Last week, Bittrex, a well-known regulated crypto exchange centered around altcoins, revealed that it would soon be disallowing users in the United States from trading 32 cryptocurrencies. Although most assets that were mentioned are not well-known, the list includes QTUM, STORM, GO, and ENG — all popular ICOs during 2017 and 2018’s mania. By June 21st, the coins mentioned will not be available to be bought or sold through Bittrex, but through Bittrex International instead — the firm’s Europe-based venture that is focused on its non-American clientele. And today (Friday), the Seattle-based startup continued to delist altcoins en-masse. In the firm’s latest blog post, it revealed the delisting of 42 cryptocurrencies, including Civic (CVC), OmiseGo (OMG), and Sirin Labs‘ crypto token (SRN). By June 28th, the assets mentioned in the list will be delisted on Bittrex for U.S. clients. This recent move comes just a week or two after Poloniex, Circle’s fully-fledged cryptocurrency exchange play, made a near-identical move, but for a load of different assets. Poloniex blocked the markets for Ardor (ARDR), Bytecoin (BCN), Decred (DCR), Gamecredits (GAME), Neo’s GAS, Lisk (LSK), NXT, OMNI, and Augur’s REP for its American clients. Tumultous Regulatory Scene These cases of so-called “geo-blocking” or “geo-fencing”, while not a likely result of direct government oversight, goes to show that the regulatory scene for cryptocurrency in the United States is getting worse. In fact, when Poloniex revealed that it would be delisting the aforementioned coins for its U.S. market, the Goldman Sachs-backed firm wrote: “Today’s action is a result of regulatory uncertainty in the US market. Specifically, it is not possible to be certain whether US regulators will consider these assets to be securities.” Indeed, the United States Securities and Exchange Commission (SEC) has been slow to act or not act on what it deems securities. The only recent case involving the entity and crypto is the one involving Kik, the Canadian social media firm behind popular $100 million ICO KIN. The SEC argues that the Canadian firm was running an unregistered securities offering under U.S. federal law. It was even implied that KIN was a ploy to “make a ton of money”, with regulators citing the fact that Kik’s social platform “has never been profitable” and had no intentions to become monetized in any notable fashion. With some fearing a crackdown on other assets like KIN, the delisting of any asset, especially ones with minimal liquidity, that may be deemed a security is likely a wise move for exchanges based in America. Photo by Kelli Dougal on Unsplash The post Crypto Exchange Bittrex Delists 40+ Altcoins for US Clients: Regulatory Pressure appeared first on Ethereum World News.
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Gate.io Follows Bittrex And Delists Major Altcoins Such As XRP and EOS For US Clients

Cryptocurrency Exchanges Have Started Delisting Coins For US-based Investors One of the biggest foes of the cryptocurrency market has always been regulation. While this does not necessarily need to be a headache, it is most of the time, especially in the U. S. Now, Gate.io, a prominent crypto exchange, has decided to delist some major […]
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Gate.io takes Bittrex’s lead; will delist major altcoins such as XRP, EOS, and Monero for U.S users

Regulations within the cryptocurrency industry have always been tricky to maneuver around. However, the ecosystem’s uncertainty is forcing some players to take caution and guard against the changing landscape. One such initiative is being undertaken by Gate.io. The exchange announced the delisting of several cryptocurrencies including EOS, Monero [XMR], and Ripple’s XRP, among others. The official announcement read that some coins (cryptocurrencies) will not be available to U.S. users effective June 30, due to regulatory uncertainty. It further stated, “Starting from June 30, 2019, USA users can not access to deposit and trading of the following coins: CNYX, EOS, XRP, TRX, XTZ, BTM, NAS, QTUM, NEO, GAS, XMR, BCN, XEM, WAVES, DCR, ONT, ONG, THETA and TFUEL. These coins will no longer display on the Market list to USA users after Jun 30. If you are a USA user, please withdraw them as soon as possible.” This unforeseen decision made by the exchange will not affect non-USA users, who will continue to have full access to the above-mentioned coins without any changes. Interesting enough, Bittrex also recently decided to do something similar a few days back. Bittrex announced that it would be delisting the following coins, namely, ADT, CMCT, GO, MFT, QRL, XEL, AMP, DNT, GTO, and 23 other cryptocurrencies, effective June 21. Similar to Gate.io, the said change would only be applicable for uses residing in the U.S. The exchange had stated, “After the Change Date, U.S. Customers will not be able to buy or sell the above-listed Tokens/Coins. On the Change Date, our systems will automatically cancel all open (i.e, unexecuted) orders in the affected markets for U.S. Customers.” A Twitter user, @shirkhan, tweeted in response to the above-mentioned delisting, “As of now @BittrexExchange will delist a couple of #cryptos ($XRP NOT affected) for US Users and  @gate_io will do so as well ( $XRP getting delisted). Let‘s see if any of the big exchanges will follow suit. This only affects US so far. #XRPCommunity” The post Gate.io takes Bittrex’s lead; will delist major altcoins such as XRP, EOS, and Monero for U.S users appeared first on AMBCrypto.
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Bittrex Exchange Delists 32 Cryptocurrencies Including ENJ, QTUM, FCT, STORM

In a surprising move, Bittrex exchange has delisted not one, ten or twenty rather thirty-two cryptocurrencies. Effective on June 21, Friday with this latest step certain markets will be no longer accessible to the US customers. “Bittrex is proud to be a U.S. Digital Asset Trading Platform” and it is not leaving the US, clarifies […]
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4 Notes on Bittrex Delisting Dozens of Tokens for US Clients

A lot of things are changing in the world of cryptocurrency. Not a day goes by without some development, either controversial or otherwise. Bittrex, one of the more popular altcoin exchanges today, is planning to remove several dozen markets come June 21. More specifically, these markets will no longer be available to US customers. That list includes some rather interesting altcoins and tokens. Bittrex Removes Several Tokens It is not entirely uncommon for some cryptocurrency exchanges to delist specific currencies after a while. In most cases, this is done due to the particular trading pair no longer generating any volume, controversy surrounding the project, or the lack of active development. This has been a rather common occurrence in the past few years. It is also a trend which will continue for quite some time to come, as the vast majority of altcoins, tokens, and assets will become obsolete. As far as Bittrex is concerned, the company has made some remarkable decisions as of late. Its latest news comes in the form of preventing US clients from accessing several dozen trading pairs in two weeks from today. While those coins, assets, and tokens will remain accessible for the rest of the world, it seems US-based users are being targeted by this decision. Whether this is due to regulatory pressure or other coins, is very difficult to determine at this time. Notable Coins Being Affected While not too many people will care too much about most of the coins no longer being accessible to US users, there are some interesting names on this list. Most notably, Factom, QTUM, and STORJ will no longer be accessible moving forward. A bit of a strange decision, considering these are three of the more successful currencies on the exchange today. However, their link to token sales and ICO projects should never be overlooked. Of the other coins to be made inaccessible, nothing really stands out. It seems a fair few of them were part of an ICO sale in recent years. Given the SEC’s stance on initial coin offerings and token sales, it is not hard to see why exchanges want to distance themselves from such coins. Poloniex took a similar measure not that long ago, thus it is likely more listings will be reviewed and potentially removed in the future. Sell or Withdraw the Coins ASAP The best option for users would be to either sell these coins as easily as possible or simply withdraw them. The latter option might not be too appealing, depending on how many other trading platforms accessible to US customers will remove support for these altcoins. However, selling the coins could easily destroy a market’s value. As recently seen on Poloniex, a major sell-off in an illiquid market can have some major consequences down the line. The Future of Crypto Trading in the US It is rather evident this new decision by Bittrex will spark a lot of debates among enthusiasts. More specifically, this is another blow to the trading of cryptocurrencies in the United States. As more and more companies are taking strange measures to remain within the boundaries of regulatory requirements, it seems unlikely the industry will see healthy growth moving forward. At least, this is where the altcoin markets are concerned. For Bitcoin itself, this should not cause any real problems moving forward. Unlike most altcoins, tokens, or assets, Bitcoin was not sold through an initial coin offering or a token sale. As such, it seems unlikely the world’s leading cryptocurrency will be targeted by regulators in a similar manner. For altcoin trading, however, things are not looking all that great as of right now. A bit of an uneasy situation that may cause some further controversy in the future. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency. Image(s): Shutterstock.com The post 4 Notes on Bittrex Delisting Dozens of Tokens for US Clients appeared first on NullTX.
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UK Finance Chief Ready to Engage with ‘Potentially Transformative’ Libra

The UK is studying the properties of Libra in-depth to prevent the digital currency from damaging the economy. This is what Philip Hammond, Chancellor of the Exchequer of the United Kingdom, said in a recent interview with CNBC’s Squawk Box. Hammond explained that regulators must fully understand how Libra works to counter the risks associated […] The post UK Finance Chief Ready to Engage with ‘Potentially Transformative’ Libra appeared first on CCN Markets
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Tether (USDT) Accidentally Creates $5 Billion in Crypto

Stable coins, which are backed by fiat currency, have become an integral part of the crypto ecosystem over the past couple of years, and in that regard, Tether (USDT) is possibly the most well known. However, the very fact that it is backed by fiat makes it possible for it to be prone to certain errors, and that is exactly what happened yesterday when the team behind USDT made a mistake that had an effect on the wider crypto market for some time. Administrative Error In an astonishing development, the members at Tether transferred $5 billion ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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ZILLIQA Price Prediction Today: Daily (ZIL) Value Forecast – July 15

• The short-term and medium-term outlook is in a downtrend. • Selling opportunities at the broken demand area may be considered. ZIL/USD Medium-term Trend: Bearish Supply zone: $0.02500, $0.02600, $0.027000 Demand zone: $0.01000, $0.00500, $0.00300 ZILUSD is in a downtrend in the medium-term. The bears' strong pressure broke the lower demand area of the rant […]
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Royal Mint In UK Enters Crypto Realm Offering Custodial Services for Temtum (TEM) Cryptocurrency

The Royal Mint in the UK, a 1,100 financial institution tasked with minting coins for the United Kingdom announced their plans to become a cryptocurrency custodian in the coming days. This becomes the first time the financial institution is entering into the cryptocurrency world following previous unsuccessful attempts. The Royal Mint released an official press […]
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