Tron (TRX) founder and CEO Justin Sun has possibly refuted recent reports suggesting that he is leading an investment group behind the acquisition of cryptocurrency exchange Poloniex. In a tweet published on Oct. 19, Sun has claimed that he is “not buying anything,” noting that he is an investor and disclosing some of his crypto assets: “Just invest some and help out my friends. Actually I have a huge bag of $BNB, $HT, $OKB etc and bet on all exchanges that support $TRX & $BTT.” As Cointelegraph reported on Oct. 18, the United States-based crypto exchange Poloniex is spinning out …

United States-based crypto exchange Poloniex is spinning out from Circle to form a new exchange that will not support trading for customers based in the U.S. New firm receives backing from Asian investment group The new independent firm, called Polo Digital Assets, will free Poloniex from its parent company Circle, the firm said in an official announcement on Oct. 18. Per Poloniex, this will allow it to focus on the needs of global crypto traders with new features, assets and services to boost its competitiveness in the market. In a separate blog post, Circle said that Polo received backing from …

Crypto exchange Poloniex has announced that it is delisting six digital currencies: Clams (CLAM), Pascal (PASC), Steem (STEEM), Navcoin (NAV), GameCredits (GAME) and LBRY Credits (LBC). According to a Reddit post published in the CLAMClient subreddit on Oct. 9, Poloniex announced the upcoming delisting in an email sent to users who hold them on the exchange. The delisting procedure Per the announcement, trading of PASC, STEEM, NAV, GAME, LBC and CLAM will be disabled on Oct. 15. LBC withdrawals will be permanently disabled on Oct. 28. Lastly, PASC, STEEM, NAV, GAME and CLAM withdrawals will be permanently disabled on Nov. …

Global wash trading on cryptocurrency markets was down by more than 35% in September, according to the latest surveillance report from the Blockchain Transparency Institute (BTI). Kraken, Poloniex, Coinbase and Upbit are still the “cleanest” platforms According to the report, global wash trading was reduced by 35.7% among the exchanges on the institute’s top 40 listings. Wash trading refers to a practice where sell and buy orders are simultaneously placed on the same asset to artificially inflate trading volumes while giving the impression that the asset is more in demand than it actually is. The practice is illegal on regulated …

U.S.-based crypto exchange Poloniex took to Twitter today to announce the upgrade of its XRP wallets, which will result in withdrawals and deposits being suspended for several hours. What will change? On Sept. 5, the crypto exchange took to Twitter to explain that it will upgrade its XRP wallets to further enhance the user experience. Once the upgrade is implemented the base reserve deposit requirement of 20 XRP to create a new address will no longer be needed. In addition, deposit confirmations have been reduced from 12 to 2, which will reduce deposit times from 20 minutes to about 15 …

Cybersecurity company McAfee Labs has released its August 2019 threat report, which notes an increase in cryptojacking campaigns and ransomware attacks in Q1 2019. Cryptojacking on the rise McAfee Labs posted their report on the company’s website on Aug. 28. According to the report, crypto jacking — installing and running a cryptocurrency miner without user permission — has been on the rise, with a 29% increase in crypto jacking campaigns in Q1 2019. Additionally, the company discovered new malware families for both Microsoft Windows and Apple users. One crypto jacking campaign they discovered was PsMiner — a crypto jacker for …

When a financial system like the crypto market lacks liquidity, a crash becomes inevitable. This was the case at the margin trading marketplace hosted by U.S.-based crypto exchange Poloniex toward the end of May, when the value of a lesser-known crypto asset, CLAM, experienced a sudden, sharp crash. This resulted in the generalized loss of approximately 1,800 Bitcoins (BTC). In what is its second attempt to make things right, Poloniex has said recently that, beginning later in August, it will start recovering the losses of the margin traders. The exchange will begin the trading fee holiday by crediting the affected …

Binance.US, an upcoming subsidiary of one of the world’s leading cryptocurrency exchanges that will be compliant to operate within the United States, has recently gotten investors excited with an announcement that the platform was reviewing 30 new assets for listing. Importantly, the news also shed some light on the Digital Asset Risk Assessment Framework — a novel set of criteria to determine blockchain projects that Binance deems worthy of adding to the platform. In the realm of digital finance, one of the biggest imaginable accomplishments for a blockchain startup is to get its coin listed on a major cryptocurrency exchange. …

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Premiums for Bitcoin in Hong Kong and Argentina despite price slump Bitcoin (BTC) briefly veered back into four figures this week — reversing recent gains. It comes amid cooling tensions between the United States and China in their long-running trade war, with Washington deciding to delay the introduction of new tariffs that would have affected …

San Francisco-based cryptocurrency exchange Poloniex is going to remove 23 trading pairs ostensibly due to low volume. In a tweet published on Aug. 15, Poloniex announced that it will be removing 23 trading pairs on August 16, 2019, due to low volume. After removing, each asset will continue to be independently tradable, the exchange notes. The list of pairs slated for removal reads: LTC/XMR, DASH/XMR, ZEC/XMR, MAID/XMR, NXT/XMR, BCN/XMR, LSK/ETH, GNT/ETH, MANA/ETH, QTUM/ETH, STEEM/ETH, OMG/ETH, LOOM/ETH, SNT/ETH, CVC/ETH, KNC/ETH, GAS/ETH, BNT/ETH, LOOM/USDT, SNT/USDT, KNC/USDT, BNT/USDT and FOAM/USDC. Earlier this year, Poloniex announced that starting from May 29 it will stop …

Cryptocurrency exchange Poloniex has announced a scheme to reimburse users affected by a flash crash in May, which led to total losses of around 1,800 Bitcoin (BTC). In an Aug. 13 blog post, the company pledged to repay daily trading fees (in BTC) to impacted lenders until their losses are fully recovered. Payments will begin later in August and the first credit will include all trading fees incurred since the generalized losses were first recognized on June 6, 2019. Margin trading multiplies effects of flash crash Poloniex has a peer-to-peer margin trading system. Users can receive interest for sending their …

Major crypto payments firm Circle will launch a new subsidiary in Bermuda in order to serve non-American customers of its trading platform Poloniex. In a blog post on July 22, Circle said that it has acquired a full license to offer crypto-related services under Bermuda’s Digital Assets Business Act of 2018, a major local regulatory framework for cryptocurrencies that was introduced in July 2018. Many Circle services will be unavailable in the U.S. due to regulatory limitations As a part of the expansion to Bermuda, Circle plans to offer an array of new crypto-related services, including advanced trading products and …