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Cryptocurrency Exchange Poloniex Delists 6 Altcoins

  •  Denis Sinyavskiy
    📰 News

    Poloniex exchange announced the delisting of 6 cryptocurrencies: Clams (CLAM), Pascal (PASC), Steem (STEEM), Navcoin (NAV), GameCredits (GAME) and LBRY Credits (LBC)

Cryptocurrency Exchange Poloniex Delists 6 Altcoins
Cover image via www.123rf.com

Today it became known that the number of cryptocurrencies on the Poloniex exchange will decrease, six cryptocurrencies will undergo delisting at once: Clams (CLAM), Pascal (PASC), Steem (STEEM), Navcoin (NAV), GameCredits (GAME) and LBRY Credits (LBC).

Delisting is coming

Information about the delisting of altcoins from the Poloniex list was sent directly by the exchange to users of these cryptocurrencies, according to a Reddit message published in the CLAMClient subreddit.

CLAM price chart and Poloniex trading volume
image by coinstats

From October 15, the ability to trade the mentioned altcoins will be disabled, and from October 28, the withdrawal of one of them — LBC will be disabled. The withdrawal of the remaining coins (PASC, STEEM, NAV, GAME and CLAM) will be disabled on November 15.

The actual words

Poloniex calls on altcoin owners to take appropriate measures:

“Please be sure to withdraw your assets before the withdrawal deadlines shown above. To withdraw your assets, visit the Balances page of your account and provide a withdrawal address for the currency you wish to withdraw. In order to withdraw your funds, you must have a balance that is greater than the minimum network fee of that asset. We will send another email reminder in the coming weeks. For more information about our delisting policy, please visit our help center article. We greatly appreciate your support.”

The past month also became generous with delistings, so Binance reduced the list of cryptocurrencies by 30 trading pairs, and Upbit removed all anonymous tokens.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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Nationwide Blockchain of China Finally Preparing for Launch

  •  Denis Sinyavskiy
    📰 News

    China launching nationwide blockchain service in beta mode until March 2020. It must push forward digital economy and smart cities

Nationwide Blockchain of China Finally Preparing for Launch
Cover image via www.123rf.com

China continues to take steps toward the digital economy and smart cities by officially releasing a nationwide blockchain service network, XINHUANET says.

Blockchain service network expectations

UnionPay, State Information Center (SIC), China Mobile and three other organizations worked on a system that will help China lead the blockchain technology market. Blockchain beta testing has already been announced and will last until March 2020, and all content and services will be available for free till that date.

BSN is expected to accelerate the development of digital technology and smart cities, as well as foster the development of new technology and industries.

What about CBDC?

Earlier, U.Today reported, that China has come close to creating its own cryptocurrency and may even launch it this fall, but then there was information that the national digital currency will appear later.

But China will not become the first country to introduce a national cryptocurrency. The Kingdom of Bhutan has already done it this month, as we already reported.

So, what do you think? Does the launch of China's national blockchain mean that the country will become a leader? Write what you think about this in the comments section!

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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