Home / Cryptocurrency / Huobi could disburse 32 coins while the new altcoin scam is discovered

Huobi could disburse 32 coins while the new altcoin scam is discovered

  • To tie
    margin trading now available on Bitfinex

Change of cryptocurrency Bitfinex introduced the trading margin
for the Tether stablecoin (USDT) on December 21stst.

"We work at Bitfinex
tirelessly to ensure that our platform reflects the needs of professional operators,
offer the market different types of orders for unique trading strategies.
Today, the addition of margin trades on the USDT / USD pair will not only allow more
price discovery efficient, but in an important move for risk management, unlock
the ability to cover the outlet taken on stablecoins. Together with a dedicated
loan market, USDT will be available as a guarantee for marginal positions, "

they explain in a blog post posted on their website.

Bitfinex and Tether have a lot of things in common, namely several managers with strategic responsibilities and a history of supporting the price of Bitcoin throughout 2017. The function of trading margin for USDT will initially be limited to the USDT matching / USD. This news comes at the same time that Tether is questioned about how much of his offer is actually supported by real deposits in dollars.

  • Huobi
    could remove 32 cryptocurrencies

Recently we witnessed a wave of asset delisting by majors
cryptocurrency exchanges. The projects that have been added are rather suspicious
the fictions are removed to the right and left while the exchanges "clean up theirs
acts ". Huobi is the last platform that has decided to reconsider its trade
wallet.

Looking to "to promote
the healthy development of the blockchain industry and protect the legitimate
investors' rights and interests "
, the exchange decided to revise his
cryptocurrency activities in accordance with its token management regulations
of Huobi. The review was completed on December 20thth and he revealed
32 cryptocurrencies that, among other things, suffer from insufficient volume.

The list of tokens is as follows:

APPC, BCV, BFT, DAT, DGD, EKO, ENG, EVX, GAS, IDT, IIC, LUN,
MDS, MT, MTL, MTN, MTX, OST, PRO, QSP, QUN, RCN, RDN, RTE, SALE, STK, TNT, UTK,
WPR, XMX, ZJLT and ZLA.

Tokens will be reviewed on December 26thth when
Huobi will try to see if the activities meet the terms of Article 16 of the management of
"ST" in Chapter IV Management of violations of the rules. If I'm
found in violation of the rules mentioned, tokens will receive an "ST" tag
next to them, a tag that will inform investors of the potential risks that will come
with investments in said tokens. Check the full administration of tokens
Huobi regulation here.

  • Xtrabytes
    scam exposed online

Cameron0208, a Reddit user, created a thread that explains why Xtrabytes, a master-node-based project that uses a unique consent mechanism called Proof of Signature, is actually a scam. The project has recently been subjected to some controls by the community, as people have started to ask questions about the code and the Xtrabytes increases.

The post opens by analyzing Borzalom, co-founder of XBY e
developer. Apparently Borzalom has a history with dead, scam projects, being a
investor in projects now defunct as Identity and Bitmox. There is also a
problem with Borzalom choosing to stay under a pseudonym and keep the
details of the private code, all while claiming to be "transparent" and "open".
The user also reveals that some data describe Borzalom as someone who is
pretending to work from Hungary while he was in Florida.

Considering its lack of transparency and a general lack of
proof that he has a true knowledge of the developer (his being poorly managed by Bitmox
the biggest smoking gun pointing to its lack of skill), there is an abundance
of reasons for believing that the man behind the pseudonym may not be at the height.
Furthermore, the team suggests that they are actually working on the code and the
technology, but they are choosing to keep it hidden until they can patent it
key parts. The point of discussion "patent" has been debunked by the community as
just another delay tactic fielded by the team.

The community has called the project several times for
their lack of progress and the general vagueness of their updates. Looking at theirs
most
recent update
, it is really full of words of order, empty promises and it does not
really give you some ideas on what to expect from the project and when. Some communities
members have insinuated that this has been going on for over a year and have
clearly had enough

Xtrabytes has created a discussion FAQ Reddit that addresses most of
the issues mentioned above, but most of their arguments are rather weak and do not address
nothing concrete. At the moment, there is a rather intense discussion about it
this project is happening here,
then go and check it for more information.

  • Voyager
    trading platform offers a plethora of cryptocurrencies and some free BTCs
    they attract you

The beta version of the Voyager trading application was launched
just a couple of days ago. Founded by the co-founder of Uber Oscar Salazar, as well as
the first investor of Uber Philip Eytan, the company also has Stephen Ehrlich as his own
CEO, a man with previous experience of online trading at the E-Trade brokerage broker.

The platform will work as a place where individuals will do it
be able to trade cryptocurrency goods through multiple exchanges. Will offer
solutions for both the media and the institutional investor. Next to this,
have ensured a strategic partnership with the Ethos wallet service provider a
guarantee the safe custody of the funds of its customers.

Voyager will allow simple and cheap exchanges of various
cryptocurrencies, including:

Bitcoin (BTC)
Ethereum (ETH)
Ripple (XRP)
Bitcoin Cash (BCH)
Bitcoin Satoshi Vision (BSV)
EOS (EOS)
Stellar Lumens (XLM)
Litecoin (LTC)
Ethereum Classic (ETC)
Ontology (ONT)
Zcash (ZEC)
Tron (TRX)
Cardano (ADA)
Iota (IOT)
Neo (NEO)
VeChain (VET)
Qtum (QTUM)
ICON (ICX)

Anyone who signs up for the beta will be rewarded with $ 25
BTC's worth in their wallet. Check the app complete here.


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The writers and authors of CapitanAltcoin may or may not have a personal interest in any of the projects and activities mentioned. None of the contents on CaptainAltcoin is an investment advice, nor does it replace the advice of a certified financial planner.
The opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

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