Bitlinex delisted from Alliance Block and other platforms
According to the official announcement, Bitlinex will be removed from the shelves of Alliance Block (ALBT), Anchor Protocol (ANC), Everpedia (IQ), KardiaChain …
According to the official announcement, Bitlinex will be removed from the shelves of Alliance Block (ALBT), Anchor Protocol (ANC), Everpedia (IQ), KardiaChain (KAI), Mirror Protocol (MIR), Oxygen (OXY), Oasis Network (ROSE), BLOCKv (VEE), Xriba (XRA) and Zus (ZCN).
Bitlinex will remove 10 kinds of tokens such as ANC, ANC, IQ, KAI, etc
Interpretation of the news:
Bitlinex, a leading digital asset exchange, is set to be delisted from several cryptocurrency platforms, according to an official announcement. The platforms that are removing Bitlinex from their shelves include Alliance Block (ALBT), Anchor Protocol (ANC), Everpedia (IQ), KardiaChain (KAI), Mirror Protocol (MIR), Oxygen (OXY), Oasis Network (ROSE), BLOCKv (VEE), Xriba (XRA), and Zus (ZCN).
This move follows numerous controversies that have plagued the exchange in recent months, including concerns over its lack of transparency and questionable trading practices. Furthermore, several countries have imposed strict regulations on cryptocurrency exchanges, making it difficult for Bitlinex to operate in those regions.
Alliance Block, a decentralized, blockchain-based platform for cryptocurrency trading, announced that it will be removing Bitlinex from its platform due to “unresolved technical issues” and “noncompliance with regulations.” Similarly, Anchor Protocol, a decentralized finance (DeFi) platform that offers users a range of financial services, cited “security concerns” as its reason for delisting Bitlinex.
Everpedia, a decentralized knowledge database that rewards contributors with cryptocurrency, will remove Bitlinex due to concerns over its questionable trading techniques. KardiaChain, a blockchain platform for building decentralized applications and smart contracts, also cited concerns over Bitlinex’s trading practices and lack of transparency.
Mirror Protocol, a blockchain-based platform that allows users to trade synthetic assets, will delist Bitlinex because of concerns over its liquidity and market integrity. Oxygen, a DeFi credit platform, citing similar reasons, as well as concerns over Bitlinex’s lack of stablecoin support.
Oasis Network, a privacy-focused DeFi platform, will also remove Bitlinex due to concerns over market manipulation and lack of transparency. BLOCKv, a blockchain platform that allows companies to create and distribute virtual goods, will remove Bitlinex due to concerns over its noncompliance with data protection regulations. Finally, Xriba and Zus will also be removing Bitlinex due to concerns over fraud and lack of transparency.
In conclusion, the decision to delist Bitlinex from so many platforms is a significant blow to the exchange and its reputation in the cryptocurrency industry. Many of the platforms cited similar reasons, such as noncompliance with regulations, lack of transparency, and concerns over market manipulation, suggesting that Bitlinex will need to make significant changes if it hopes to regain the trust of its users and the wider crypto community.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/4179/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Hong Kong Web3.0 Association: A New Frontier in Technology
It is reported that at the founding ceremony of the Hong Kong Web3.0 Association, guests present included Li Jiachao, Chief Executive of the Hong Kong Special Administrative Region
-
The Growth and Potential of Web3 in Hong Kong
On April 12th, at the \”2023 Hong Kong Web3 Carnival\”, Xiao Feng, Chairman of Wanxiang Blockchain and Chairman of HashKey Group, stated in a welcoming speech that the Hong Kong gove
-
#Ultrasound.money data shows a decrease in Ethereum supply post-merger
According to reports, Ultrasound.money data shows that Ethereum\’s supply has decreased by over 100000 units since the merger, and the current supply has decreased to 100134.11 ETHs
-
Gauntlet to Provide Uniswap with Quantitative Framework and Incentive Mechanisms
On April 12th, it was announced that DeFi risk manager Gauntlet has received funding from the Uniswap Foundation and will focus on designing and specifying incentive plans to benef
-
Desmo Labs Launches D/Wallet digital identity wallet
It is reported that Desmo Labs (formerly Debond) has now launched a D/Wallet digital identity wallet based on the Source.ID scheme, which has passed the conformance testing in line
-
America’s Internet Revolution at Risk Due to Regulators’ Mistakes
On March 16, Cathie Wood, founder of Ark Invest, said on Twitter that the Federal Deposit Insurance Corporation and other institutions would prevent the United States from participating in the most important stage of the Internet revolution, and regulators were using cryptocurrency as a scapegoat for their own regulatory mistakes in the traditional banking industry. Cathie Wood: If cryptocurrency becomes the scapegoat for US policy mistakes, it will be transferred overseas Analysis based on this information:Cathie Wood, founder of Ark Invest, recently took to Twitter to express her concerns regarding the United States’ ability to participate in the most important stage of the Internet revolution. According to Wood, regulatory bodies like the Federal Deposit Insurance Corporation (FDIC) are hindering the country’s progress by using cryptocurrency as a scapegoat for their own regulatory mistakes in the traditional banking industry. The Internet revolution has been long in the making, with various advancements such as artificial intelligence, the Internet of Things, and 5G…
-
When did the Graph project start? (graphitabs)
The Graph project started to enable people to conduct transactions more convenie
-
**Coin An’s Product Roadmap: A Comprehensive Analysis of Its Latest Releases**
On April 19th, it was reported that in a recent blog post, Coin An shared the product roadmap outlined by its product owner Mayur Kamat on March 22nd. Kamat stated that Coin An\’s r
-
The Mystery of SyncSwap’s Airdrop Allocation
On April 10th, it was reported that the SyncSwap Chinese account and its operators released information related to project airdrops, which mentioned that token allocation of airdro
-
Stargate Cross Chain Liquidity Protocol Reports Record Monthly Transaction Volume of Over $1 Billion
On April 15th, Stargate, a cross chain liquidity protocol based on LayerZero, posted on social media that its monthly cross chain transaction volume exceeded $1 billion for the fir
-
What coins can be mined by the dual mining feature of Spark Pool (Spark Pool has been stealing quite a lot lately)
What coins can be mined by the dual mining feature of Spark Pool? According to
-
Chaos Labs Raises $20M in Seed Round Financing
It is reported that the blockchain risk analysis company Chaos Labs announced on Tuesday that it would complete the US $20 million seed round financing. PayPal…
-
Large transfer of ETH to Coinbase suggests increased institutional interest in cryptocurrency
It is reported that 27000 ETHs were transferred from unknown wallets to Coinbase at 08:56 today, with a value of about US $39.06 million. The transaction hash …
-
When was XMR coin issued (XM coin development prospects)?
According to official information, XMR coin was issued on September 1, 2018. Th
-
What is sep (what is sae)?
Sep is a decentralized protocol based on Ethereum. The project primarily provide
-
Table of Contents
According to reports, the market shows that OKB has fallen below $50 and is currently trading at $49.96, with a daily decline of 6.42%. The market is highly volatile, so please tak