• Poloniex launching Tron-based token
    Justin Sun's Poloniex is kicking off a new IEO launch platform with a Justin Sun-branded token (Photo: Tron)
    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

    April 7, 2020 /

    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.

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  • Huobi DM putting brakes on margin calls
    Black Tuesday had much better visuals than Black Thursday, especially on the floor of the NYSE (Photo: Wikimedia Commons).
    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”

    March 19, 2020 /

    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.

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  • Huobi, Binance Steemed at Justin Sun Hive Takeover
    If you think Justin Sun was sick after the "kidney stone" attack that delayed his $4.6 million lunch with Warren Buffet, imagine how he'll look if his Steemit purchase becomes worthless (Photo: Twitter).
    Alt coins,  Cryptocurrencies,  People

    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

    March 19, 2020 /

    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.

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  • Poloniex attacks circle clam flash crash
    The May 26 flash crash left Poloniex's CLAM cryptocurrency margin borrowers under water (Photo: Wikimedia Commons).
    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’

    March 18, 2020 /

    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.

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