• Poloniex launching Tron-based token
    Alt coins,  Commentary

    JUST a coincidence? Poloniex launching Tron-based token

    Poloniex is creating an exchange token launch platform. The first project is a Tron-based stablecoin lending service. Who controls Poloniex? Tron founder Justin Sun

    Months after finally admitting he was a part of the group that snapped up Poloniex late last year, Tron founder Justin Sun appears to be using the once-dominant cryptocurrency exchange’s reputation to boost the credibility of his week-old stablecoin.

  • Huobi DM putting brakes on margin calls
    Cryptocurrencies,  Technology

    Huobi DM putting brakes on margin calls

    The new feature should slow or stop borrowers’ assets being automatically liquidated after sudden price crashes, which can cause “extensive user losses”

    Derivatives trading platform Huobi DM has announced a new feature designed to “minimize user exposure during times of severe market volatility” in digital assets. Its solution is to unveil a new mechanism that performs liquidation gradually.

  • Poloniex attacks circle clam flash crash
    Alt coins

    New Poloniex bosses attack Circle, plan refund for those hit by CLAM price crash

    In a scathing blog post, the new management said: ‘We fully recognize the situation could have been handled more professionally’

    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.

  • Trading on margin—what could possibly go wrong? (via Pixabay)
    Cryptocurrencies

    Binance tests lending to margin traders

    The leading cryptocurrency exchange will connect users with capital to investors looking for leverage

    The world’s largest exchange announced on August 26 that customers can earn annualized interest rates of up to 15% by making short-term loans to its margin traders for leveraged investments. Initially limited to one period of 42 hours beginning on August 28, the firm will open up Binance Lending opportunities on a first-come, first served basis. The 14-day fixed interest loans of ethereum classic (ETC), tether (USDt), and binance coin (BNB) are also fairly limited.