pfrtlpfmpf
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April 30, 2017, 01:20:26 AM Last edit: April 30, 2017, 01:36:18 AM by pfrtlpfmpf |
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There's no law that they have to add coins and keep them forever on their exchange. What's your news source?
Just google "Unity", "Supernet", and i guaranty, your brain will stick to the window ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) It will be a mess, for sure . . .
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CoinHoarder
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April 30, 2017, 01:22:46 AM |
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I don't think insider trading regulations apply to cryptocurrencies, only stock or other SEC regulated securities. At least... not yet.
Any insider trading regulations that pertained to cryptocurrencies would be hard to enforce and prove too.
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European Central Bank
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April 30, 2017, 01:29:08 AM |
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Maybe not insider trading but fraud is conceivable. That covers a lot more bases.
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pfrtlpfmpf
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April 30, 2017, 01:42:47 AM Last edit: April 30, 2017, 01:59:14 AM by pfrtlpfmpf |
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Maybe not insider trading but fraud is conceivable. That covers a lot more bases.
No fraud in "Unity" "Supernet" going on. See for yourself. Then come back, and clobb me to death. and: insider trading ? Of course it happens, all the time !
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poochpocket
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April 30, 2017, 03:11:11 AM |
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Please check the price graphs of all coins delisted, on April 17.They are all similar,somebody traded/sold all the coins in large amounts before the announcement of delisting.
Please, this is cherry picked data. There were LOTS of coins pumping the week Polo announced the delist. Examples: APM, DGB, EMC2, FTC, GAME, PINK, POT, XEM... Look at the charts, they all pumped during the same period. One has nothing to do with the other.
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NattyLiteCoin
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April 30, 2017, 03:15:56 AM |
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It's nowhere near the biggest it's a minor exchange compared to bitfinex and others.Bitfinex daily turnover will exceed its weekly.
uh, have you lost the ability to count somewhere along the way? let alone figure out that bitfinex doesn't work any more. Bitfinex is trading fine and turned over 44 million dollars yesterday,it cannot take deposits or withdrawals by bank wire from some countries/banks Polo traded 62,000BTC in 24 hours. With just Ripple.
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Viper1
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April 30, 2017, 03:48:40 AM |
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This will be fun to watch. Doesn't matter if there was any or not or even if Polo "wins". If it ever gets to discovery all hell will break loose. I would think Polo would settle out of court before it ever reached that and probably use everyone's BTC to do it lol.. Oh yes, this will be fun.
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BTC: 1F8yJqgjeFyX1SX6KJmqYtHiHXJA89ENNT LTC: LYAEPQeDDM7Y4jbUH2AwhBmkzThAGecNBV DOGE: DSUsCCdt98PcNgUkFHLDFdQXmPrQBEqXu9
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jmpFCE2
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April 30, 2017, 07:20:47 AM |
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It's nowhere near the biggest it's a minor exchange compared to bitfinex and others.Bitfinex daily turnover will exceed its weekly.
uh, have you lost the ability to count somewhere along the way? let alone figure out that bitfinex doesn't work any more. Bitfinex is trading fine and turned over 44 million dollars yesterday,it cannot take deposits or withdrawals by bank wire from some countries/banks Polo traded 62,000BTC in 24 hours. With just Ripple. How much of that volume is real ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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btcxyzzz
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April 30, 2017, 08:12:10 AM |
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I don't think anyone has moral right to sue them for insider trading. If they did it, they just acted accordingly to their power, using markets. No one was forced to sell or buy there. Insider trading is one shit of a concept if you ask me.
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adaseb
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April 30, 2017, 08:20:08 AM |
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It would not make any sense to insider trade those coins because you can't short them anyways.
Plus look at the volume today 142953 BTC, with 0.2% trade fees both ways thats like $750,000 of daily commisions alone. Not including the other 3 currenies.
It makes no sense what so ever for them to commit insider trading.
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NorrisK
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April 30, 2017, 08:43:03 AM |
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I don't think insider trading regulations apply to cryptocurrencies, only stock or other SEC regulated securities. At least... not yet.
Any insider trading regulations that pertained to cryptocurrencies would be hard to enforce and prove too.
Insider trading is never allowed.. Doesn't matter if it is only stock or regulated securities. That it is difficult or impossible to enforce in crypto is another thing ofcourse.
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TrueCryptonaire
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April 30, 2017, 09:07:12 AM |
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I am glad Poloniex is delisting the crab. I am not sure if I am the only one but I have problems with Poloniex user interface - it is sometimes pretty slow and clumsy - probably one reason is that there is so much crab listed so better to get rid off them and focus on a few quality coins and offer them high liquidity and margin trading opportunity.
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lowbander80 (OP)
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April 30, 2017, 09:30:20 AM Last edit: April 30, 2017, 10:13:58 AM by lowbander80 |
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For people here who do not know what insider trading is, its nothing to do with shorting coins or any other idea you seem to have its operating on knowledge, not in the public domain.What Polo did or someone with their knowledge was sold all 17 wallets before announcing they're delisted .Now as they were sold for BTC a judge has to decide again if insider rules apply to bitcoin and if they defrauded their clients in any way.
A cryptocurrency trading expert, who wishes to stay anonymous, spoke about the situation at Poloniex:
“There are people already organizing to present a class action lawsuit for insider trading. I don’t know if that’s going to go anywhere. That’s a ‘bad’ storm for any exchange, having your emails turned over and investigated inside out, a lot of explaining to do.”
Tristan D’Agosta, the founder of Poloniex, is apparently a music graduate, with no listed experience in coding until he created Poloniex. Instead, his work background appears to be fully in “sheet music” and “freelance fiction.” Maybe that's why their security is that bad
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robelneo
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April 30, 2017, 10:06:27 AM |
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Polo is to face class action suit for insider trading before announcement of delisting 17 altcoins,evidence being gathered now according to a coin developer.
I'm surprised all the other exchanges like ccex are delisting inactive coins but they are not being sued so how come only Poloniex being sued for de listing,exchanges has valid reason to delist because their database cannot keep up
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lowbander80 (OP)
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April 30, 2017, 10:11:00 AM |
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Polo is to face class action suit for insider trading before announcement of delisting 17 altcoins,evidence being gathered now according to a coin developer.
I'm surprised all the other exchanges like ccex are delisting inactive coins but they are not being sued so how come only Poloniex being sued for de listing,exchanges has valid reason to delist because their database cannot keep up Its like taking kids by the hand here,it's nothing to do with delisting coins, that's their prerogative but selling the wallets of the coins they held before making the announcement can imply insider trading or fraud
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Caladonian
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April 30, 2017, 10:12:47 AM |
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Polo is to face class action suit for insider trading before announcement of delisting 17 altcoins,evidence being gathered now according to a coin developer.
I'm surprised all the other exchanges like ccex are delisting inactive coins but they are not being sued so how come only Poloniex being sued for de listing,exchanges has valid reason to delist because their database cannot keep up since polo have a lots of traders and more and more people around him are losing money because of those supported project, better to wait for more news update regarding to this concerned as what you've mention also cryptopia delist some coins and no one react about it.
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lowbander80 (OP)
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April 30, 2017, 10:17:16 AM |
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Polo is to face class action suit for insider trading before announcement of delisting 17 altcoins,evidence being gathered now according to a coin developer.
I'm surprised all the other exchanges like ccex are delisting inactive coins but they are not being sued so how come only Poloniex being sued for de listing,exchanges has valid reason to delist because their database cannot keep up since polo have a lots of traders and more and more people around him are losing money because of those supported project, better to wait for more news update regarding to this concerned as what you've mention also cryptopia delist some coins and no one react about it. If someone says it's about delisting coins once again I will put my hand through the screen and punch him.
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TrueCryptonaire
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April 30, 2017, 10:44:43 AM |
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VOX is almost at the same level now as it was prior to the announcement... I do not see any valid reason for whining. It is obvious that Poloniex will get rid off their Voxels they have collected as fees before they will delist it.
My advice is that if you think the price is down, then buy and do not whine. If it is expensive, then sell.
It is good that Polo will focus on quality and leave the shitcoins to other exchanges.
Personally I am happy for removal of shitcoins - it makes Poloniex userface more userfriendly as there is less traffic. Actually if I am not mistaken, I have sent them a suggestion to start removing all the shitcoins from the exchange.
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lowbander80 (OP)
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April 30, 2017, 11:04:39 AM |
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Well if your ok with that type of behavior I am glad you don't run a company as you would be in the jail
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benthach
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April 30, 2017, 11:06:07 AM |
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Polo is to face class action suit for insider trading before announcement of delisting 17 altcoins,evidence being gathered now according to a coin developer.
Please post the names of all 17 altcoins and I am very sure there will be no such lawsuit. They are scam cryptocoins that were used for pump and dumps. Poloniex had the reserved right to delist them. If there were people involved in insider trading it was the coin developers themselves. Unity (Supernet), one of the best projects going on in Crypto, but it´s just about volume, Polo is an exchange, after all. you probably hold the crap bag, after almost 4 years this unity (supernet) still offer nothing it have promised and volume have usually less than 1btc. this scammer jj777 already went to created another scam kid project komoto. the logo is created by some 8 year old girl for $10,0000. polo delisting coins which sit for years which offer and develop nothing on their original promised/roadmap. again, years and years, nothing like they list today and removing next month.
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