Poloniex Closing to U.S. Customers

On October 18, 2019, Poloniex announced spinning off from Circle into a new company, Polo Digital Assets, Ltd. Poloniex would be backed by a “major” Asian investment group. While the announcement said that this investment group would focus on global crypto traders, those traders do not include U.S. based traders. Beginning October 18, 2019, U.S. based users will no longer be able to create and setup an account on Poloniex. Then, as of November 1, 2019, trades will no longer be possible, the message advised U.S. users to not deposit funds to Poloniex accounts. Funds will be available for withdrawal … Continue reading Poloniex Closing to U.S. Customers

USDT/Tether Comes Under Further Scrutiny

As stated in a recent post. There is a bill in California that would allow Cannabis businesses to pay their state taxes in stable coins. A move that would go a long way towards mass adoption. The issue as this adoption approaches, attention will turn to the cryptocurrency space. NY Attorney General Letitia James said in a statement: “Our investigation has determined that the operators of the ‘Bitfinex’ trading platform, who also control the ‘tether’ virtual currency, have engaged in a cover-up to hide the apparent loss of $850 million dollars of co-mingled client and corporate funds”. So what does … Continue reading USDT/Tether Comes Under Further Scrutiny

Dragonchain Ticks Up

Dragonchain (DRGN) has seen a 1.05% ($0.11) up tick in the last 24 hours after the company was awarded the Eastside Small Business Award by the Bellevue Chamber of Commerce. Dragonchain made its name during the 2017 bull run due to originating in a Walt Disney Company incubator. But when the Crypto market crashed in December 2017, Dragonchain like many small ICOs went silent or were ignored for bigger names like Bitcoin, Ethereum and XRP. Which is what makes the news of the uptick interesting, Dragonchain has been off the crypto news radar for sometime but has continued to grow … Continue reading Dragonchain Ticks Up