The Poloniex crypto exchange has offered an update on a major price crash that triggered a loss of 1,800 BTC back in May 2019—and delivered what appears to be a scathing rebuke to the company’s previous owners.
A major reservation with accepting USDC as collateral lied in how the stablecoin is centralized. This is a significant departure from Maker’s stance of ensuring DAI is only backed by decentralized assets—as USDC is the brainchild of Coinbase and Circle, major players in the crypto industry. As MakerDAO’s (now out of date) white paper noted: “Unlike other Stablecoins, DAI is completely decentralized.”
Six-year-old blockchain payments firm Circle announced on Dec. 17 that it has sold its Circle Trade over the counter (OTC) desk to the Kraken cryptocurrency exchange. The firm also said in addition to co-CEO Sean Neville—whose departure was announced on Dec. 4—CFO Naeem Ishaq and Chief Legal Officer Gus Coldebella were “transitioning from the company into new adventures befitting their expertise.”
Cryptocurrency Exchange Poloniex is delisting DigiByte's DGB token after its CTO, Jared Tate, went on a Twitter rant. His target, Tron CEO Justin Sun, first denied and then admitted to being part-owner of Poloniex recently.
