Poloniex Users Complain about the Exchange Operating Improperly 336

The famous cryptocurrency exchange Poloniex was accused of providing bad quality services. According to the unofficial Poloniex community on Reddit, the exchange is not transferring funds to the users` accounts. Whereas Poloniex representatives commented on the situation on Twitter:

However, later the users reported that their customer balances were displayed incorrectly and in particular cases even showed negative amounts which was not true.

Poloniex admitted the fact of a failure in their system and reported that it had already started working to fix it up as quickly as possible. At the same time the exchange also disabled forced liquidation of positions.

Although, recently almost every single cryptocurrency exchange has faced different problems, especially related to client support, users have been complaining about Poloniex technical support failures for almost a year already. Therefore one user says that he has been waiting for a response for as much as 158 days.

Another user claims:

“Been waiting on withdrawal verification for 3 months!! This is crazy!! Do I have to get a lawyer? Can’t get access to my own money!”

In the first quarter of this year Poloniex intends to introduce mandatory account verification system.

The Co-Founder of Apple Announced the Launch of His Own Blockchain-Based Project 214

interview with steve wozniak

Steve Wozniak, the co-founder of Apple, took part in an exclusive interview at the conference ChainXchange and talked about his attitude towards Bitcoin and cryptocurrencies in general and also shared his plans for the blockchain technology:

I like to keep up with things… Bitcoin caught my attention. It had so many unusual aspects for any technology I had ever heard of. Nobody is really known to be the creator. It doesn’t have any centralized [component]. It’s based on mathematics. There’s a certain number of Bitcoin that can ever exist… Mathematics to me is like nature. It’s much better than human beings… I trust those things of nature more than what man makes up. Man makes up currencies, controls them, issues new US dollars every year; Bitcoin was immune to that.

We want to point out that the famous American inventor, electronic engineer and programmer was not particularly interested in the subject of cryptocurrency in the fall of 2017 and even sold all his Bitcoins. Back then he found that cryptocurrencies only brought “anxiety”, but now, he seems to have learnt more things about the advantage of the blockchain technology:

At first I kept hearing [about blockchain], and I didn’t understand it. It’s not something you understand in a day. You think about it, read more about it and how it works, and then you see how people actually start to use it, through the mining process and also the verification and, aha! It all adds up!” said Wozniak.

After that, the co-founder of Apple made a sensational statement: he himself is going to start working with blockchain. According to him, this will happen “very soon”, the project is likely to be launched in Malta:

I’m involved with, very soon, my first time being involved in a blockchain company. [It’s] called Equi… Our approach is not like a new currency, or something phony where an event will make it go up in value. It’s a share of stock, in a company. This company is doing investment by investors with huge track records in good investments in things like apartment buildings in Dubai. We have one person in our group who has listed out a whole apartment building for Bitcoin… We might be starting up in Malta around the time of their blockchain conference. Some countries are very positive about [blockchain]the same way they were about electric vehicles.

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Gemini Forms a Partnership With 3 Major Crypto Exchanges Including Bittrex 173

gemini will cooperate with 3 crypto exchanges

The Winklevoss brothers are working hard on the development of their brainchild. They are considering to create a joint venture with Nasdaq, and some experts believe that the twins tried to bribe an official to receive permission to trade in New York.

Now Gemini is partnering up with 3 cryptocurrency exchanges with the aim of forming a self-regulatory working group. The group will include:

  • Bittrex
  • Bitstamp
  • bitFlyer

We want to remind you that the crypto exchange Bittrex has also started cooperating with the project Ripple.

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The Chinese Crypto Rating Welcomes New Coins While EOS Remains #1 227

chinese crypto rating

Taking into account all the crypto novelties, China Electronic Information Industry Development updated its previous ranking of the best digital coins. Some cryptocurrencies managed to keep their position or even climb up, others lost their ground.

The list of the best 5 coins currently looks in the following way

  1. EOS
  2. Ethereum
  3. Komodo
  4. Nebulas
  5. NEO

Ethereum and EOS are keeping their positions, they once more proved to be best in terms of technology, application and innovativeness. The “lucky” coins of the previous rating Lisk and Stellar have both lost 2 positions, whereas Bitcoin has climbed from the 17th to the 10th place. However, the next rating might change the things drastically.

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Ripple Wonders Why The SEC Has Not Come Up with Cryptocurrency Status Yet 331

crypto status

We all remember the loud statement of the Securities and Exchange Commission which clearly said that the world’s two most popular digital coins (Bitcoin and Ethereum) do not comply with the definition of a security. What about other altcoins?

The representative of Ripple contacted the SEC not so long ago, asking why they have not yet determined the official status of cryptocurrencies. In response, the Commission’s spokesperson stated:

The SEC has not made a determination as to whether any specific cryptocurrency may be deemed a ‘security’ under the federal securities laws.

This answer is not quite informative, thus, we only have to wait upon the decision of the SEC.

We remind you that the SEC will take the decision concerning Bitcoin ETF in September of this year.

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What Does John McAfee Have to Say About Bitfi, His Future Projects and Crypto in General? 515

interview with john mcafee

John McAfee is a very eccentric but still popular crypto personality. His every action and word instantly draws attention. Thus, we absolutely could not miss an interview that he gave to ETHNews discussing a couple of important issues.

Firstly, McAfee addressed the infamous story with Bitfi which we have thoroughly covered on our news portal. Many people were confused by McAfee’s behavior, thinking that he lied to all of his followers and customers. However, the “accused one” had an explanation for that:

My job is to market this thing [Bitfi]. How better to market it than to create a controversy?

Basically, McAfee admitted that he intentionally started all this drama with Bitfi to attract more attention to his wallet.

The crypto enthusiast also talked about a new big project – his own version of the CoinMarketCap, called McAfee Market Cap, and the further development of a decentralized crypto exchange. Though the program was launched, the developers had to take it down to introduce some upgrades and improvements.

Of course, the topic of possible running for presidency was not left out of the conversation. Here McAfee claimed that he is not interested in being the US President, he only intends to run for the post. According to him:

The act of finding and creating the president – that’s what changes America. So I want to be involved in that.

Overall, McAfee is very satisfied with everything he’s currently doing and the influence that he has on the financial world. He even modestly called himself “one of the premier technologists of this world”. However, only the time will show whether his ambitious plans will come true.

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The First Crypto Exchange in the History of Muslim Countries Launches Soon 756

arabic crypto exchange

As we mentioned in our article about the first Arabic cryptocurrency, Dubaicoin, the muslim world states perceive cryptocurrency very cautiously, since all of the activities that they engage in must comply with the Sharia law. That is why all crypto novelties appear in such countries with a slight delay. For example, the company Adab Solutions is planning to launch the first ever Arabic crypto exchange.

The First Islamic Crypto Exchange (FICE) will conduct its token sale this September, after that it will start listing other digital coins and provide exchange services. The Sharia Advisory Board fully approved the project which means that the Islamic countries will soon enter the cryptocurrency market.

We would like to remind you that Stellar’s blockchain became the first one to comply with the Sharia law.

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