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

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Poloniex Drops More Crypto Pairs as Altcoins Become Apparitions

Altcoin fervor is definitely at a low, so much so that crypto exchange Poloniex has dropped 23 pairs citing low volume. Many of the pairs that were popular in 2017 and during the ICO boom have fallen out of favour, as altcoins in general remain at rock bottom prices. Crypto Pairs Axed According to Coinmarketcap.com the US based exchange has 124 pairs. Around 20 of them, or 16%, have less than a thousand dollars in daily volume so it appears to be these that have been targeted for termination. In a tweet yesterday the exchange stated; We will be removing 23 trading pairs on August 16, 2019, due to low volume. Note that each asset will continue to be independently tradable. We will be removing 23 trading pairs on August 16, 2019, due to low volume. Note that each asset will continue to be independently tradable. — Poloniex Exchange (@Poloniex) August 15, 2019 Around half of the pairs listed are in ETH, six are XMR pairings and the rest are stablecoin pairs for various obscure altcoins. Those include Loom Network/USDT which has had $50 traded in the past 24 hours, Status/USDT with just $157 traded, Bancor/USDT trading only $75 per day, FOAM/USDC, and the worst performing pair Khyber Network/USDT. Some of the ETH pairs were once popular altcoins with high volumes such as OmiseGO, Lisk, Civic, Golem, Decentraland, Qtum, GAS and Steem. After bitcoin and stablecoins, the exchange’s top Ethereum pair is Zcash which only has $30,000 daily volume itself. All of the Monero pairs aside from BTC and stablecoins will be dropped due to dwindling volumes. It could just be a case of falling volume on that particular exchange since the same pairs on Binance are doing substantially better. Altcoin Apparitions Many of yesteryear’s crypto darlings are now descending into the realms of altcoin apparitions as very little movements above their winter lows have been made. Compared with August 2017 the altcoin scene looks very different today. Many have just fallen off the digital cliff in terms of token price regardless of any further developments on the projects by respective teams. Two years ago this month, IOTA was the fifth largest altcoin by market cap, priced at $0.94 with $2.6 billion. Today it is struggling to stay in the top twenty and is down 75%. Likewise with NEM, the sixth largest crypto asset back then, but now lulling around 22nd with less than $500k market cap. Other previous crypto favorites of times gone by include NEO, Ethereum Classic, OmiseGO, BitConnect (now deceased), Qtum, Stratis, Waves, TenX and Lisk. Today the majority of them are still down as much as 90% from their all-time highs. With very little signs of life on altcoin markets this is unlikely to change for some time yet. Will altcoins ever get resurrected again? Add your thoughts below Images via Shutterstock, Twitter @Poloniex The post Poloniex Drops More Crypto Pairs as Altcoins Become Apparitions appeared first on Bitcoinist.com.
Bitcoinist

Poloniex announces delisting of 23 trading pairs due to low trading volumes, uncertain regulatory climate

Poloniex, the San-Francisco based exchange which recorded the highest trading volume for altcoins that can be traded for Bitcoin, recently announced that the exchange is going to remove a total of 23 trading pairs on 16 August, 2019, due to low trading volumes. The exchange however, clarified that that the assets will be available for […] The post Poloniex announces delisting of 23 trading pairs due to low trading volumes, uncertain regulatory climate appeared first on AMBCrypto.
AMBCrypto

Poloniex exchange removing 23 crypto trading pairs, citing ‘low volume’

Cryptocurrency exchange Poloniex is today removing 23 trading pairs of cryptocurrencies due to “low volume.” The pairs include litecoin (LTC)/ monero (XMR), DASH/XMR, Zcash (ZEC)/XMR and Civic (CVC)/ ether (ETH), among others, as announced on Twitter on Thursday. Cryptocurrencies involved in the pairs, however, will be available for trading on an individual basis, the exchange added. Poloniex has indeed been facing a tough time. The exchange’s market share has collapsed to meager 1.1% as compared to Binance’s 56%, according to The Block’s research. In an attempt to restore its marketplace, Poloniex recently started offering fiat-to-crypto trading, using bank accounts as well as debit and credit cards. Previously, it operated only as a crypto-to-crypto trading platform.
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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

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

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FBI Investigation Prompts Patrick Byrne to Exit Overstock

Patrick Byrne, the CEO and primary board member of Overstock.com, has resigned from his position with the company.  Who Will Replace Byrne? Many enthusiasts will likely remember that Overstock.com, a massive online retailer, was one of the first selling platforms to accept bitcoin as a means of payment from its customers. Byrne, himself, has been a major bitcoin advocate over the years. In a letter to shareholders, Byrne explained that while he is sad to leave the company he has worked with and respected for so long, he believes this is the right move for the “country.” Byrne says that his involvement in an FBI investigation regarding Russian interference in the 2016 presidential election is what led to his decision. The letter reads:  In July, I came forward to a small set of journalists regarding my involvement in certain government matters. Doing so was not my first choice, but I was reminded of the damage done to our nation for three years and felt my duty as a citizen precluded me from staying silent any longer, so I came forward in as carefully and well-managed fashion as I could. The news that I shared is bubbling (however haphazardly) into the public. Though patriotic Americans are writing me in support, my presence may affect and complicate all manner of business relationships, from insurability to strategic discussions regarding our retail business. Thus, while I believe that I did what was necessary for the good of the country, for the good of the firm, I am in the sad position of having to sever ties with Overstock, both as CEO and board member, effective Thursday August 22. It appears Byrne had been in a relationship with a Russian agent named Maria Butina since 2015. He’s confident that the company will remain strong without him, and that blockchain will ultimately carve out a future in which financial freedom is available to every citizen. He states:  I think the blockchain revolution will reshape key social institutions. We have designed and breathed life into perhaps the most significant blockchain keiretsu in the world, a network of blockchain firms seeking to revolutionize identity, land governance (=rule of law=potential=capital), central banking, capital markets, supply chains and voting. In three of those fields (land governance, central banking and capital markets), the word ‘trillions’ comes up when calculating the disruptive opportunity of blockchain. In closing, Byrne tells the company’s shareholders what an honor it has been to serve them. He comments that it was initially his Rabbi that convinced him to come forward, and that after seeing his country “tear itself apart” over the past three years, he felt he could not remain uninvolved.  The End of an Era… He finishes his letter with:  I wish all shareholders a smooth and level road, and don’t forget to shop Overstock.com. The post FBI Investigation Prompts Patrick Byrne to Exit Overstock appeared first on Live Bitcoin News.
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Bitcoin Struggles As BAT And ETC Lead The Charge

The cryptocurrency market has somewhat stabilized, presenting a predominantly green landscape as Bitcoin struggles to stay above the psychological $10,000 marker.   Cryptocurrency Market Situation. Source: Coin360   Sentiment for Bitcoin has seen a moderate improvement towards a strongly neutral outlook.   Bitcoin Sentiment Chart by theTIE.io   Despite this overall lukewarm performance, proponents of Bitcoin’s store of value potential have reason to rejoice today. According to a report by Digital Asset Data, BTC is increasingly gaining correlation with the broader asset markets – positively with gold, and negatively with the stock market. With a recession looming on the global economy, Bitcoin could fulfill the role of a “safe haven asset,” to which investors flock during uncertain economic times. Altcoins see recovery with ETC and BAT leading The rest of the cryptocurrency market is seeing strong corrections from yesterday’s fall, with two strong outliers making significant gains. Basic Attention Token is strongly reacting to its new listing on Kraken, a popular exchange part of Weiss Ratings’ Real 10 index of platforms reporting true volume. BAT has gained more than 15% on yesterday’s price, while curiously its partner-in-listing WAVES has registered a much more modest 4%. The stark difference can be explained by the contribution of other fundamental drivers, with BAT recently launching the much-anticipated online tipping feature in its browser.   BAT Recent Price Trend. Source: CoinMarketCap   The other outlier is none other than Ethereum Classic, which after an against-the-grain rally on Tuesday has continued today with a 14.6% gain. The total 7-day performance is a solid +21%, by far the highest in the top-50. As before, it’s difficult to give a meaningful explanation of the rally. The upcoming ETC Atlantis hard fork is scheduled in about 22 days, too far ahead to justify any price action, though the final confirmation was released on Monday. The run is likely to be due to a combination of factors, including possible whales entering ETC positions. The rest of the altcoin market is seeing moderate recoveries, with IOTA, TRON and Cardano gaining 8%, 6.32% and 6.42% respectively as the rest average on 3-4%.   The post Bitcoin Struggles As BAT And ETC Lead The Charge appeared first on Crypto Briefing.
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Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health

Coinspeaker Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network HealthA famous crypto startup firm recognized as Casa that offers primary management service, and Bitcoin node machine has launched a node monitor as well as accompanying reward program to develop Bitcoin network health.The firm revealed the latest innovation in an official website article on Aug. 21. Per the announcement, the node monitor known as Node Heartbeats depends on creating a brief relationship between the server of Casa plus, an internet synced and Tor-activated node owned by a user. The rewards program enables Casa node subscribers to earn 10,000 SatsBack weekly in exchange for operating 5 Node Heartbeat checks weekly, on separate days.SetBack can reportedly be converted for Bitcoin (BTC) just once per day on Keymaster app for Casa, as long as a consumer has garnered a minimum of 50,000 SatBack points. According to the report, Casa is firmly convinced that it`s hectic for consumers to keep up with the trend on their node`s uptime as well as security. By offering an inducement program to leapfrog node health, the firm reportedly expects to enhance the overall health of the Bitcoin network.How the Node Heartbeat OperatesTo verify that node is online, the company makes a concise link from their server to the users Casa Node. For this to be manageable, the user`s node must be synced, online, and with Tor activated. But with Tor, that indicates the node Heartbeat secures user`s privacy.Speaking of privacy, the Node Heartbeat only utilises the connection code of the consumer-the same code that is already existing in explorers and that which the consumer release to others who are willing to launch a channel with them. Sats App automatically submits the code for the users when they send a Heatbeat to saves them from the agony of looking it up.Guess Who Is The Latest Casa Investor?Charlie Lee, Litecoin (LTC) founder revealed just three days ago that he has heavily invested in Casa. He went ahead to praise Casa for spearheading BTC acceptance, indicating:“I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use, and that is extremely important for this space. Looking forward to great things!”New Node Monitor by Lightning LabsAs initially reported by Cointelegraph that the designer of the high-speed transaction protocol Lightning Network, Lightning Labs recently unveiled an alpha version of a node monitor. The invented device, called Indmon, allegedly enables nodes operators to supervise node functions in real-time. Network cases this year reportedly influenced the developers to design a tool for preemptively detecting network and node issues.Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health
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