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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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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
    📰 News

    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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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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