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    Crypto Currency Markets US Banks Running Out Of Coins, Bitcoin Keeps On Persisting Along

    July 21, 2020

    Crypto Currency Markets US Banks Running Out Of Coins, Bitcoin Keeps On Persisting Along

    US Banks Running Out Of Coins, Bitcoin Keeps On Persisting Along

    Posted: 21 Jul 2020 05:11 AM PDT

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    Posted: 21 Jul 2020 02:53 PM PDT

    A pre-PSA of sorts - Requesting advice on how to address Binance, their BEP2 Network (Monopoly??), and resulting issues that related to delisting of BEP2 tokens.

    Posted: 21 Jul 2020 06:30 PM PDT

    I realize I'm not the first person nor the last that this will fall into this trap. My objective with this post is to get a better understanding of how "scammed" I should feel. Additionally, I believe it's possible that I have some sort of misunderstanding that will resolve my issue, but I'm not holding my breath. At the end of the day, I'm guessing what Binance did (and has done? And will continue to do?) is probably not illegal(yet). Ok, I can live with that. But...

    Here's the quick and dirty rundown of the situation that I'm in;

    So I bought a token(s) that was delisted the following day (oops). I mean, I definitely take some responsibility here for looking at the "Biggest Losers" list on the home page, seeing a coin that was down 30% or so, trying to play an oversold bounce, and then being surprised the next day when I pull up TradeView to see the pair colored red. I can live with this, but I'm not really sure what the lesson to be learned here is. I mean, let's be real, 20%-30% drops are literally a daily occurrence when trading in the crypto currency space.

    The coin is only traded on one other exchange that I can access from the US. Which I can't say surprises me, obviously it was delisted for a reason. The other exchange, surprise(!!), does not support BEP2 network. OK...

    Binance does not support withdraw on ERC20 Network. OK...

    I mean, I don't think I need to describe this any further to point out the fact that if a coin is on the BEP2 network and Binance delists it... game over... rip asset.

    So here's my main issues with this whole situation, and I'm not sure if they are justified or not, so that is basically what I would like feedback on.

    • The Binance trading platform to my knowledge makes no attempt to warn traders in situations where they are buying or selling a token that will be delisted in the immediate future(literally hours). Yes, they did make a single announcement on Twitter, and their support articles do reference a delisting date. But unless I'm actively following their Twitter, or reading their support articles... how would I have ever come across that information before I fall into the trap? Again, I do take partial responsibility for not searching for a potential reason the coin price was falling, but that happens every damn day, and I wouldn't be surprised at all if Binance is intentionally taking advantage of that dynamic in this exact situation.
    • I feel like Binance "advertising" coins in the form of the "Biggest 24h Losers" list, that are literally going to be delisted in a matter of hours, is just blatantly fking people over. Again, if there was any kind of a warning on the actual platform, I would not bring this up.
    • The whole BEP2 Network thing to me just doesn't quite feel right... So there are coins that can be only transferred using the BEP2 network, Binance discontinues support of ERC20 Network withdrawl, and then when a BEP2 coins is delisted it effectively cant be traded anywhere ever??? Because obviously their competitors aren't eagerly adding support for their "Monopoly Network" I'm sure someone else could summarize this situation more eloquently, but seriously wtf...
    • Is it fair to compare the BEP2 Network to a monopoly?
    • Am I missing something here?
    • Do I have a right to be a little pissed off about this and create a PSA to warn other traders that Binance will actively bring your attention to coins that in just a few hours will basically cease to exist from a value standpoint?
    • Am I just stupid? Seriously... like if I'm in the minority opinon here, please let me know. I'm always down for some personal growth.

    I'm disappointed because up until this point I felt like Binance was a decent platform that wasn't out right trying to deceive people, but now I'm not so sure.

    How should I feel?

    Thanks for reading my sob story and any subsequent comments, observations, or advice !! :)

    submitted by /u/LostCausesEverywhere
    [link] [comments]

    AERGO signs agreement with BLOCKO for ‘DeFi DApp incubation and technical support for Samsung Blockchain service’

    Posted: 21 Jul 2020 12:17 AM PDT

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    Posted: 21 Jul 2020 10:06 AM PDT

    Mastercard Expands Crypto Program

    Posted: 21 Jul 2020 06:14 AM PDT

    Mastercard has an Accelerate program for those who are willing to issue a crypto card. On July 20, Mastercard announced that they expand the access to the program for crypto firms. The decision came from the increasing interest in digital currency and alternative payment systems. However, Mastercard also reminded that companies who are willing to become partners have to comply with a certain amount of rules, such as the Anti-Money Laundering policy.

    Mastercard also announced that their first partner is Wirex, a crypto payment processor. Before that Mastercard cooperated with BitPay, a blockchain payments provider.

    submitted by /u/SimpleSwapExchange
    [link] [comments]

    Decentralized finance 'DeFi' is now a $3 billion Industry

    Posted: 21 Jul 2020 09:21 AM PDT

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    Posted: 21 Jul 2020 04:28 AM PDT

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    Posted: 21 Jul 2020 08:13 AM PDT

    Central Bank Digital Currencies: A Threat Or A Blessing?

    Posted: 21 Jul 2020 08:11 AM PDT
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