One of the major crypto exchanges in the world-Binance, announced yesterday that they will be delisting four tokens from their trading platform. The announcement arrived in our crypto news today where the exchange stated that this decision is due to enhancing the protection and safety of their users.
You can read the announcement on Binance’s website. According to the text, the tokens that will get delisted are Bytecoin, ChatCoin, Iconomi, and Triggers. Unsurprisingly, after the release of the notice, all of these tokens started crashing in a matter of minutes.
The Binance team believes that by doing so they are proving their dedication to their clients by keeping them safe and in order to maintain this level of security and safety, the team works hard to go through all the comprehensive reviews of all digital assets that are listed on the platform.
Binance says that when they notice that certain tokens fall way below a certain level of quality, they are reviewed by the company or they will get de-listed from the exchange. This is a practice that lets Binance maintain the high level of quality when it comes to the coins available on the platform.
All of the coins went down after the announcement which is not something that we should expect after they get de-listed especially from large crypto exchanges such as this one. This proves that the price of certain cryptocurrencies is closely tied to being listed on a major cryptocurrency exchange.
For example, Bytecoin declined by 22%, ChatCoin by 30%, Triggers by 49% and Iconomi by 9%.
Binance still hasn’t officially explained why these four tokens got de-listed but simply mentioned that they have gone below the optimal level of quality. The coins will be removed from the platform by October 12.
Russia Is Not Planning To Buy $10 Billion In Bitcoin
“This statement has no common sense. The Russian Federation — like any other country in the world — is simply not ready to combine its traditional financial system with cryptocurrencies.”Sidorenko reacted to the fake news reports from Telegraph where it was noted that Russia wants to invest $10 billion in bitcoin in order to mitigate the economic impact that is brought up from the US sanctions. The rumors emerged on Twitter where a particular user wrote that Kremlin has no choice but to invest in bitcoin and that it is the only way to avoid the harsh sanctions by President Trump. Ginko posted on Twitter and his post went viral after Telegraph wrote a story about it and lots of other websites just added their own touch to it. Ginko is known to the public for making such shocking tweets and comments after once saying that sham investment adviser Bernie Madoff is the real Satoshi Nakamoto. However, Sidorenko said that Ginko’s comments are absurd:
“Even if Russia wants to place its cryptocurrency assets now, it simply cannot do this. We do not have any mechanisms that would allow us to introduce a system: where these assets would be stored, which authorities would be responsible for it, which would be responsible for abuses and stuff.”However, according to Tota Kaliaskarova, the director of macroeconomic policy with the Eurasian Economic Union says that crypto could have a huge impact on the Eurasian economy.
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