Poloniex to remove six crypto from listing

Posted 10 October, 2019

A prominent crypto exchange Poloniex has announced a major change at the platform intending to to delist six cryptocurrencies. The company sent users a letter in which they disclosed the details of delisting. 

According to the report, delisting will cover Steem (STEEM), Clams (CLAM), GameCredits (GAME), LBRY Credits (LBC), Navcoin (NAV), and Pascal (PASC). 

Trade will be closed on October 15, and withdrawals are available until November 15. Users need to withdraw their assets in the above coins before this deadline. 

Poloniex did not explain the reasons for delisting but reported that this was due to the policy of its parent company Circle. All altcoins, except Steem and Navcoin, fell significantly after the announcement. The market price of Pascal fell by 62% over the past day, GameCredits lost 19% of the value, LBRY Credits 17%.

Also, the scandalous situation associated with CLAM ends. For reference, the price of CLAM in two hours fell by 40% on May 26. This caused the Poloniex price crisis and the default of several CLAM / BTC margin loans. Poloniex made every effort to resolve the situation, promising to compensate all victims of the sudden incident. After the delisting announcement, the value of altcoin's CLAM fell by 49%.

Previous story

10 October, 2019 16:21

← CME Group expects Asia to show good demand for new options

Chicago Mercantile Exchange forecasts healthy demand for its upcoming bitcoin-futures options in Asia. Tim McCourt, CME Group’s global head of equity products and alternative investments, told South China Morning Post that the announced options would become as popular as bitcoin futures.

CME Group expects Asia to show good demand for new options

Next story

10 October, 2019 13:38

US IRS publishes tax guidance covering cryptocurrencies →

US Internal Revenue Service has expectedly released the tax guideline for the holders of the cryptocurrencies. The document has become the first taxation rules for this area for over 5 years. With the new edition, the authority managed to cover the issues that were not considered by the previous guideline released in 2014.

US IRS publishes tax guidance covering cryptocurrencies
Write a comment
Prove you’re not a bot + 14 = 21