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Bitfinex CTO Shades Binance as DigiByte Founder Sets the Record Straight

  • Alex Dovbnya
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    DigiByte founder Jared Tate slams “unethical” centralized exchanges while Bitfinex CTO Paolo Ardoino says that they never required a listing fee

Bitfinex CTO Shades Binance as DigiByte Founder Sets the Record Straight
Cover image via news.u.today
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Jared Tate, the founder of decentralized exchange DigiByte, has put yet another log on the fire by recently releasing a tell-all video message about his struggle with centralized exchanges.

This comes after Tate publicly accused Binance of demanding ridiculously high listing fees.  

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Centralized exchanges ”come and go”

In the aforementioned video, Tate emphasizes that he’s not inherently opposed to the idea of centralized exchanges given they that provide newbies with an important on-ramp. However, they should operate ethically and under proper regulations.

“I am, however, opposed to centralized exchanges that continuing to operate in an unethical and shady manner while continuing to disrespect the DigiByte community and everything decentralized Blockchain stands for.”

Tate further says that he has faced a lot of criticism in the past for not getting DGB listed on multiple exchanges. For example, he was “berated” for not getting his coin listed on BTC-e before the owner until the exchange was seized by the US government for money laundering.

“Over the past several years, we’ve seen dozens of centralized cryptocurrency exchanges come and go, but DigiByte has remained consistent and decentralized.”

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Bitfinex shades Binance

Bitfinex CTO Paolo Ardoino has stepped into the fray by commenting that DGB has been available on their exchange for a long time. Moreover, they never asked for any listing fees.

Tate claimed that Binance asked DigiByte a whopping $300,000 for DBG to end up on the exchange. To put this into perspective, this is three percent of the token’s total supply.

However, Binance CEO Changpeng Zhao (CZ) said that Tate specifically didn’t want to list DGB on Binance, so he wouldn’t waste his time on “this type of guys.”

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • Yuri Molchan
    📰 News

    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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