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The Daily: Poloniex Drops 8 Coins, New Exchange Licensed in Estonia

  The Daily: Poloniex drops 8 coins, new exchange license in Estonia

The Daily

The Poloniex cryptocurrency trading platform has removed eight coins with low liquidity from the list, while another Gemini-branded gemini exchange in the United States is adding litecoin to its offers. Also in The Daily, Ironx was authorized to offer exchange services from Estonia, and Bitmain & # 39; s Antpool will sponsor the Houston Rockets NBA team with bitcoin money.

Read also: Coinbase denies self-trading, Kraken gets Feisty

Poloniex removes 8 cryptocurrencies

  The Daily: Poloniex Drops 8 Coins, New Exchange Licensed in Estonia Crypto exchange in the United States Poloniex has decided of eight coins: bitcoindark (BTCD), bitmark (BTM), einsteinio (EMC2), gridcoin (GRC), neoscoin (NEOS), potcoin (POT), vericoin (VRC) and bitcoin plus (XBC). These digital currencies will be excluded from platform offers on Tuesday, September 25th at 12:00 ET, according to an announcement posted on Twitter this week.

The Delaware-based company advised its customers to finalize all transactions and close any positions in these cryptos before this date. "Once removed from the list, you will have 30 days to withdraw the balances in these activities", wrote Poloniex on Twitter . None of the reasons were given for the delisting, but none of the coins is ranked by Coinmarketcap in the top 100, which indicates that low liquidity could be the main reason, commented Forklog.

In a blog post, Poloniex explains that once the deadline is reached, withdrawals will be disabled and activities will be completely disabled. "From now on, we will not be able to process withdrawals from the affected businesses." It is imperative that customers withdraw the tokens removed from the withdrawal period, "the exchange informed its users.

Gemini adds Litecoin to his offers

  The Daily: Poloniex Drops 8 Coins, New Exchange Licensed in Estonia Gemini, another exchange of cryptocurrencies in the US, is adding support for litecoin (LTC) next month . The announcement was made during the Litecoin summit in San Francisco. LTC will be listed on the New York trading platform on October 13, which is also the birthday of the currency, the Litecoin Foundation noted in a tweet .

Recently, Gemini Trust announced the launch of Gemini Dollar (GUSD), a new stable currency anchored to the US fiat currency. The move was approved by the New York State Department of Financial Services (DFS). The regulatory body is responsible for Bitlicense, the state licensing scheme for commercial activities involving cryptocurrencies. According to a study published this week, the GUSD accounts can be frozen by the exchange.

New license granted by Crypto Exchange in Estonia

The Ironx trading platform has been granted regulatory approval by the Estonia Financial Intelligence Unit. The license will allow him to operate as a regulated cryptocurrency exchange from the Baltic country, a member state of the EU and a leader in digitization in the old continent. Ironx is a joint venture between the online brokerage firm Ironfx Group and Emurgohk, the builder of the Cardano blockchain. The exchange is among the first to receive such approval from a European financial regulator, said Finance Magnates.

  The Daily: Poloniex Drops 8 Coins, New Exchange Licensed in Estonia
Tallinn, Estonia

Two cryptographic companies were approved by regulators in Tallinn last June. Ibinex, a provider of white label solutions for cryptographic exchanges and trading software, has obtained a license in Estonia giving it the opportunity to launch exchange and portfolio services in a European jurisdiction. The cryptocurrency trading platform Coinmetro has announced that it has obtained two licenses in Estonia for encrypted-fiat exchange transactions and fiat electronic wallet.

At the beginning of this month, Ironfx Group announced its intention to launch its cryptochange in the fourth quarter of this year. Following the approval of the Estonian authorities, Ironx's Exchange will likely begin beta operations by the end of September, initially only for IRX token holders and the official launch is scheduled for December.

Antpool to sponsor the NBA Houston Rockets with BCH [19659013]   The Daily: Poloniex Drops 8 Coins, New Exchange Licensed in Estonia The team of the National Basketball Association Houston Rockets has agreed to accept the sponsorship in bitcoin cash (BCH ) from Antpool, one of the world's largest bitcoin mining wells, 8BTC reported. Antpool is owned by the Chinese mining giant and Bitmain hardware manufacturer. The sponsorship agreement covers the upcoming 2018-2019 season. His announcement comes weeks after Antpool has chosen the city of Houston to begin its expansion in the United States, where the company plans to grow its customer base in the crypt mining industry. A luxury car dealer owned by the owner of Houston Rockets, the businessman of billionaire business Tilman Fertitta, also accepts payments in bitcoin cash (BCH) and bitcoin core (BTC). At the beginning of this year, the owner of Dallas Mavericks, entrepreneur and investor Mark Cuban, announced that his team will start accepting the cryptocurrency for the tickets.

What are your thoughts on today's news? Tell us in the comments section below.


Images courtesy of Shutterstock, Antpool (Facebook).


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