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
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.
Huobi, Binance Steemed at Sun
The two cryptocurrency exchanges that Tron CEO Justin Sun suckered into supporting his abortive ‘hostile takeover’ of Steem are helping boot him off the blogging platform
Actually, it’s more like Binance and Huobi are helping the Steem community abandon Sun. On March 17, leading Steem developers and community members announced Hive, a hard fork of the social blogging platform’s blockchain designed with one goal: to recreate Steem without the 65 million STEEM tokens (and their 20% governance vote) Sun received when he acquired blockchain developer Steemit.
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.