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Established in 2014, USA. No. of pairs - 98. Fiat - no. Centralized exchange.

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Tron and Poloniex Relationship Scrutinized After Digibyte Delisting

The crypto firm Circle recently revealed that it was spinning off the trading platform Poloniex and has since warned customers to withdraw assets or they may be sent to state governments. Following the announcement, the founder of the crypto network Digibyte (DGB), Jared Tate, explained he was extremely upset that his friend’s and family’s sensitive personal data “is now in the hands of [Poloniex].” Not too long after Tate’s tweet, the Poloniex Twitter account responded by denying ownership of U.S. customer data, and revealed the exchange would “delist DGB soon.” Also Read: Circle Warns Poloniex US Customer Assets May Be Sent to the Government Crypto Community Discusses Poloniex Delisting Digibyte ‘After Careful Review’ The trading platform Poloniex has been scrutinized lately after the over-the-counter (OTC) digital currency management firm Circle sold the exchange in October. After the spinoff, Frank Chaparro and Celia Wan asserted that “Tron founder Justin Sun is behind Poloniex’s spin-off.” Others in the crypto industry also assumed Sun had a hand in the crypto exchange purchase. At the time, Tron (TRX) founder Justin Sun denied being behind the exchange purchase, but on November 12 he admitted he was part of a group of investors behind the Poloniex acquisition during a live-streamed broadcast published on Twitter. Moreover, since Poloniex left the Circle umbrella, U.S. customers have been banned from using the platform and asked to withdraw coins by a certain date. Circle emailed its U.S. customers this week and detailed that it may charge dormant fees to people who don’t withdraw their crypto and digital assets may be sent to governments. After the news, Digibyte (DGB) founder Jared Tate took to Twitter and said he was not very happy about the situation. The tweetstorm also attacked the Tron (TRX) network and Tate called Poloniex a “TRX shill factory after making off with U.S. customers’ sensitive data.” After discussing his dislike for the crypto and the business move Tate wrote: I am royally pissed my personal data, my friend’s and family’s data and other U.S. Digibyte customers’ most sensitive data is now in the hands of this circus that is now Poloniex. Or the TRX shill factory as we should now call it. After a careful review, we decided #DigiByte is not qualified per our listing standard. We will delist $DGB soon. Details to be announced. — Poloniex Exchange (@Poloniex) December 5, 2019 Aggressive Strategy The tweets received a response from the Poloniex Twitter account after Tate accused the company of holding U.S. data. “We don’t own any U.S. customers’ data as all of them are preserved by Circle,” the Poloniex account replied to the Digibyte founder. “By the way, after careful review, we decided digibyte is not qualified for our listing standard [and] we will delist DGB soon — Details to be announced.” After the Poloniex account announced the exchange would delist DGB, the discussion became a hot topic on social media and crypto forums. The Block analyst Larry Cermak tweeted “What’s happening with Tron and Poloniex is an embarrassment — Please don’t delist me Poloniex.” Podcaster Udi Wertheimer explained how the controversy was great marketing. “Poloniex was a completely irrelevant exchange up until a few months ago. No one remembered it existed,” Wertheimer tweeted. “Now with a new eccentric owner, and an aggressive social media strategy, it’s everyone’s favorite topic. Watch and learn plebs.” Wertheimer is right that the community and the company’s decisions have made the Poloniex and Tron relationship a trending topic within crypto circles. The recent email from Circle and the announcement that the exchange will delist DGB also follows Poloniex’s acquisition of TRXmarket. The largest decentralized exchange (dex) by volume on the Tron network was purchased by Poloniex for an undisclosed sum. What do you think about Poloniex delisting DGB? What do you think about people criticizing the relationship between Poloniex and Tron? Let us know what you think about this subject in the comments section below. Image credits: Shutterstock, and Twitter. Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here. The post Tron and Poloniex Relationship Scrutinized After Digibyte Delisting appeared first on Bitcoin News.
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Poloniex Delists DigiByte (DGB) After the Founder Criticizes TRON

Digibyte has been thrown out of the exchange Poloniex after critical words were said of TRON’s Justin Sun. What’s Next? The news must have come as a shock for many in the crypto sphere, and many believe that it came about because of Digibyte founder Jared Tate’s incessant criticism of TRON founder Justin Sun. TRON is the 12th biggest cryptocurrency in the world, and in a Twitter thread yesterday, Tate went on to criticize the project in no uncertain terms. In the aforementioned thread, Tate called Sun a ‘crook’ and eventually went on to ... ﾿ 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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The Rise and Fall of Poloniex: From Exchange Leader to Petty Threats

Poloniex was once the most liquid cryptocurrency exchange in the world, boasting daily volumes upwards of $400 million at one point. However, from poor customer service resulting in faltering exchange activity to being spun off by Circle, the exchange has dropped off the charts in a rather haphazard manner, December 5, 2019. Fall From GraceRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Poloniex to Delist Digibyte After its Founder Criticized Justin Sun and Tron

One of the biggest crypto exchange, Poloniex, has announced they will delist Digibyte after a “careful review” that was completed in just a few hours of Jared Tate, Digibyte’s founder,... The post Poloniex to Delist Digibyte After its Founder Criticized Justin Sun and Tron appeared first on Trustnodes.
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Crypto Exchange Catastrophe: Poloniex Spin Out Leaves Investments Spinning At Circle

This past October, the Boston-based, Goldman Sachs-backed financial services company Circle, announced that it would “spin out” crypto exchange Poloniex into its own company, selling it to an investment group with backing from Tron founder Justin Sun. Since the spin-out, the two brands have seemingly spun out of control, with Poloniex causing a stir surrounding the brand’s integrity, and Circle threatening to either turn investor’s assets over to the government, or charge fees for leaving assets on the platform. Circle Could Charge Dormancy Fee, or Turn Crypto Assets Over to US Government One of the bigger news stories of early 2018, was the Goldman Sachs-backed Circle buying cryptocurrency exchange Poloniex for $400 million, in an effort to tap into the emerging fintech industry. Related Reading | Buy High and Sell Low? Circle Dumps Poloniex As Crypto Market Interest Wanes But Circle eventually turned its focus on the USDC stablecoin, and after US regulators began putting pressure on platforms catering to US-based investors, Poloniex began to suffer. In October, Circle revealed it would be selling Poloniex in a “spin out” that would lead to additional investment in Poloniex. However, it also meant that US-based crypto investors would soon be banned from using the trading platform. Poloniex gave ample warning to US-based crypto investors to remove their funds from the platform, but it seems as though not all investors took the warning seriously, as Circle has announced that it will soon take aggressive action with any funds left on the platform. As of December 16, if US-based crypto investors don’t withdraw their assets, they will lose access to their Poloniex account, the remaining assets will be traded into USDC for storage, and Circle may charge a “monthly service fee and/or one-time dormancy fee.” Worse yet, Circle may turn over the assets to the US government, in accordance with regulations. Poloniex Controversy: Delisting DigiByte Token In Cahoots With Justin Sun and TRON While the news that Circle may soon charge dormancy fees or turn assets over to the state, the Poloniex spin-out is spinning out of control. The cryptocurrency exchange is currently the subject of controversy after they revealed that DigiByte token would be delisted from the platform. After a careful review, we decided #DigiByte is not qualified per our listing standard. We will delist $DGB soon. Details to be announced. — Poloniex Exchange (@Poloniex) December 5, 2019 The project’s founder, Jared Tate, went on a Twitter tirade calling out Tron founder Justin Sun as a “crook.” According to recent news, Sun supposedly confirmed himself as part of the investment group backing the new Poloniex. Related Reading | Crypto Visualized: Watch the Fall of Poloniex And Rise of Binance  Hours later, Poloniex tweeted about the altcoin’s removal, causing extreme suspicion across the cryptocurrency community. The common consensus is that Sun allegedly had a hand in DigiByte’s delisting, however, the bold accusations cannot be confirmed and should be taken with a grain of salt. Featured image from Shutterstock Crypto Exchange Catastrophe: Poloniex Spin Out Leaves Investments Spinning At Circle was last modified: December 5th, 2019 by Tony SpilotroThe post Crypto Exchange Catastrophe: Poloniex Spin Out Leaves Investments Spinning At Circle appeared first on NewsBTC.
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Poloniex news by Finrazor

DIGEST

Group-IB, a Moscow-based cybersecurity firm, has developed a ranking system to grade cryptocurrency exchanges by the level of safety they offer clients. It ranks Kraken as the safest exchange. Then there go Bittrex and Coinbase Pro. Binance, Bitfinex, Bithumb, Bitmex, Localbitcoins, Myetherwallet and Poloniex are on the list of safe exchanges as well. OKEx, Huobi Pro, and Coincheck are among the least safe exchanges

DIGEST

Daily, May 28, ’18

Bitcaw Trading Company, The Israeli Ministry of Finance, Niall Ferguson, Bithumb, Poloniex, Rory MacDonald, Spencer Bogart

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South Korea Prepares to Draft Bitcoin Capital Gains Tax Guidelines

The South Korean government wants to tax capital gains on cryptocurrencies. This new decree has yet to be officially improved by the proper authorities.  South Korean news outlet Korea Times claims the government wants to impose capital gains taxes on virtual currencies, including bitcoin. Bitcoin Taxation in South Korea This is a new measure by the domestic Ministry of Economy and Finance, which is expected to become part of tax regulation in 2020. Discussions regarding this measure have been going on for some time now. South Korea is one of the primary regions of cryptocurrency trading activity today. A revised tax regulation bill will be drafted by Q2 2020, after which it will be reviewed and revised wherever necessary. A second bill is on the table to enhance the overall transparency of virtual currency trading in South Korea. If that bill were to pass as well, it will be introduced one year after the taxation guidelines have been adjusted.  Several problems persist regarding both of these proposals, however. In South Korea, the current definition of virtual assets is ambiguous and leaves much room for debate  It is now up to government officials to draft clear guidelines on how bitcoin and other virtual currencies will be treated. Depending on that classification, the taxation guidelines will need to be altered as well. The coming months will prove to be crucial for the future of virtual currencies in South Korea.  Image(s): Shutterstock.com The post South Korea Prepares to Draft Bitcoin Capital Gains Tax Guidelines appeared first on NullTX.
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South Korea Crypto Account Holders Must Use Their Legal Names

South Korea has passed new laws requiring that everyone opening a cryptocurrency account use their true, legal names to do so. South Korea: The Center of Crypto Regulation? As time goes by, many cryptocurrency exchanges and businesses are seeking out ways to remain fully compliant with federal regulators. The problem is that to do this, they’re often required to invade the privacy of their customers to one extent or another, and this scenario is no exception. One of the issues at hand is that many argue that cryptocurrency is often utilized for criminal behavior, such as money laundering. While it’s nearly impossible to say how many individuals are using crypto to perform malicious activity, the fact remains that most cryptocurrencies share properties that make them ideal to the present financial infrastructure. They can solve many of the world’s monetary issues and potentially ease the burden of global poverty. Nevertheless, most regulators do not see this, and choose instead to focus primarily on what crypto can do to make the world a darker place. While it’s understandable that this should be considered, is enough emphasis being put on all the good that crypto can do? As it stands, South Korea will now have to report all cryptocurrency transaction data to regulators, who will oversee the transactions and decide if they are permissible or if there is something suspicious going on. On the one hand, this has a positive side in the sense that crime – if cryptocurrency is ever going to be taken seriously – must come to a full halt, and this is one potential way to do it. At the same time, the idea that people must now use their real names and in some cases, upload government-issued photo IDs to their accounts as part of the ongoing know your customer (KYC) tactics now employed by most cryptocurrency exchanges and businesses, really goes against what most forms of crypto are all about. Most digital assets, especially bitcoin, were designed with the general public in mind. They were designed to give people their financial freedom back, and this included anonymity and the chance to use their money as they saw fit, so the idea that people’s names, photos and other sensitive information is being forwarded to financial legislators every time is a little unseemly. Keeping Up Appearances South Korea’s new identity verification system is being implemented by a cryptocurrency exchange known as Bit Thumb. To an extent, it makes sense that the region is being so adamant about knowing exactly who their customers are considering popular trading platform Up Bit – also stationed in South Korea – was recently robbed of nearly $50 million in ether funds. In addition, the country accounts for roughly 20 percent of the world’s cryptocurrency transactions. With so much business at stake, it’s understandable that they want to heighten safety measures. The post South Korea Crypto Account Holders Must Use Their Legal Names appeared first on Live Bitcoin News.
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Price Analysis 09/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, XTZ

Price Analysis 09/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, XTZ China could start its pilot for the central bank digital currency (CBDC) before the end of this year, according to local news outlet Caijing. The article states that the anticipated pilot project “will go out of the central bank system and enter […] Cet article Price Analysis 09/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, XTZ est apparu en premier sur Bitcoin Central.
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EOS Price Hit after Getting a C- in Decentralization by Weiss

Blockchain project EOS started this week on a negative note after an independent agency downgraded its rating from B to C-. Weiss Crypto Ratings published a report on December 6 wherein it demoted EOS to lower ranks over its centralization. The agency noted that just 0.01 percent of the EOS token holders control over 68 percent of the voting power on its blockchain. That allows a handful of entities to practice censorship over hundreds of thousands of EOS investors. In comparison, provable decentralized projects like Bitcoin works across 9,300 nodes to confirm and validate transactions atop its blockchain. 1/6 We’ve had great respect for work and thinking that went into the #EOS project. But the Weiss Crypto Ratings model is not based on opinion. It’s driven by data. And that data has now caused a downgrade from B to C-. Here's why (full article to be published soon): — Weiss Crypto Ratings (@WeissCrypto) December 6, 2019 EOS spent a quiet weekend but its value eventually took a toll during the Monday session. The EOS-to-dollar exchange rate was down by $0.083, or 3.02 percent, as of 1658 UTC. Against bitcoin, the cryptocurrency did relatively better, falling about 1.64 percent to trade at 359 sats. The market capitalization likewise took a plunge roughly worth $500 million to settle a low at $2.534 billion. At its December peak, it was $2.613 billion. Ascending Channel The latest move downside brought EOS close to retesting the support of an Ascending Channel. While the lower trendline certainly capped the price from falling further downward, the negative sentiment arising from the Weiss report could weaken it in the near-term. The bearish case prompts EOS to retest to close below the Channel Support and target 304-342 sats area as an accumulation range. In the event of a breakdown, traders could extend their short position towards 284 sats while keeping a stop loss above the level at which they had entered the trade. EOS is trending inside an ascending channel | Source: TradingView.com, Coinbase On the other hand, the price has not failed to reach the upper levels so far. A pullback action from Channel support could push EOS back towards the Channel resistance. Traders with low-risk appetite could use the bounce-back as an opportunity to open a fresh long position 405 sats. Meanwhile, they could minimize risks by maintaining a stop-loss order just below the Channel support. A Consideration From a fundamental point of view, investors who were bullish on EOS might find it hard to digest its centralization issues. The sentiment could prompt some to switch their positions for tokens with more attractive opportunities. Such a scenario could suit the breakdown scenario as discussed above. Meanwhile, traders can look to accumulate EOS ahead of the launch of Voice. EOS creator Block.One on Thursday announced that it would launch the EOS-based social media platform on February 14. While the announcement did not help neutralize trading sentiments immediately, traders can still speculate on the Voice launch to make interim profits. One could watch out for a reversal from Channel resistance – a sign that traders are processing the Voice news – and place his/her upside positions. EOS Price Hit after Getting a C- in Decentralization by Weiss was last modified: December 9th, 2019 by Yashu GolaThe post EOS Price Hit after Getting a C- in Decentralization by Weiss appeared first on NewsBTC.
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