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Topic: Bittrex's delisting list - page 2. (Read 5463 times)

full member
Activity: 322
Merit: 100
October 04, 2017, 04:57:51 AM
#41
That's very sadly. None of those are in my portfolio but these kind of news can hurt the sentiment about crypto currencies. I hope they can change their mind.
member
Activity: 98
Merit: 10
October 04, 2017, 12:35:22 AM
#39
Quote from: johnsmith
2‍. Bitshares is a TXSRB clean token and will not be subject to SEC or other government crackdowns (happening right now!)

No where do I see the TXSRB explain why a “Fat Protocol” token fails to meet the Howey test.

What is the logic?



Quote from: johnsmith
3‍. Bitshares is being used to create the STOKENS exchange for issuing and trading SEC-compliant tokens. Most/all ICOs will be moving to Bitshares instead of Ether in the future as companies are forced to follow the rules set by the SEC and other government/regulatory agencies. Already there are many ICOs happening on Bitshares - Smoke, Kexcoin, Bitspark, Satoshi.fund, Bondonblockchain, Crypviser, YOYOW from the top of my head - many more on the go!

7‍. China is shutting down centralized exchanges; the US and other countries will follow soon. SEC has recently filed charges against a US based-ICO and they are using it to build a model to crack down on all the other ICOs. Decentralized exchanges are the future of trading crypto and Bitshares is the No. 1 DEX on the planet by any metric - transactions per second, scalability, security, volume, adoption, speed, number of assets, etc.

Well there is a likely reason to delist it if an exchange is concerned about securities regulations exposure.

Stokens are presumably the TXSRB’s attempt to subvert nation-state regulations and create a global self-regulated authority, but that does NOT make them SEC-compliant. It makes them a competitor to the SEC’s jurisdiction.

All I see is dire warnings from the TXSRB and no details about solutions:

As we move forward we must both create legal coins and clean up the old mess created by the Swiss, Singapore and other countries who skirted security laws globally.  There is a possible path forward with the SEC if nothing nefarious occurred in a company.  For those who pumped and dumped, where insiders sold or manipulated markets, where advisors took broker/dealer fees of 25% and added no real value, where investors were purposely lead astray or worse, you can expect no free ride.  For the Swiss law firms who represented the bad firms I personally hope they're held personally liable when SEC v. Traffic Monsoon finishes and global jurisdiction and class action lawsuits become the new thing.

A mess was created in Switzerland and cloned in Singapore, Gibraltar, Luxembourg, Estonia and similar countries who promised to magically transform companies into not being companies, with the sole purpose of avoiding global securities & exchange laws, KYC/AML, taxes and provisions to protect investors from fraud. That anyone in Switzerland wants to represent a regulatory authority to tackle the problem they made fortunes creating, now that the founders they guided could face fines and jail time, is sad and ironic.

[…]

(2) Once/if tokens trading on an exchange are deemed securities an exchange must comply with the SEC & FINRA or cease operations and that would include delisting identified toxicoins deemed as illegal, unregistered securities in the hands of non-accredited, un-documented, un-KYC/AML'd individuals who could be bad characters. More than likely the exchange would be shut down as well or at least investigated and sued by the SEC for non-compliance. Hopefully users would have time to take their tokens before/if assets are frozen.

The very bad news is that potentially most tokens and exchanges are illegal and could be investigated or shut down, and the founders/lead engineers/lawyers brought before US courts, regardless of being distributed or autonomous, based on a SEC victory in SEC v. Traffic Monsoon, which could literally see that outcome any day.

The dominoes are falling.  On July 25th the SEC let the world know they think some tokens are securities and specifically the DAO token.  India, China, Japan, Singapore… announced they are going to regulate some tokens as securities and will likely decide which tokens are, or are not, securities. The SEC could begin investigating individual tokens, creating great inconvenience, cost and damage to the value of that token with the potential years of uncertainty about the outcome weighing on the minds of that specific token’s owners.  There is also uncertainty for centralized exchanges, and perhaps even decentralized exchanges, who allowed the DAO token to trade; or how about all of the tokens that will/may be deemed securities trading on those exchanges now.

[…]

The TXSRB is a private organization but is subject to any government-imposed regulations to the extent an applicable governmental regulation or law applies, supplemented by the internal regulation put in place by the TXSRB.



Edit: From the Bitshares Telegram group: Bittrex refuses to comment on reasoning behind delisting and are not willing to enter into a dialogue.
full member
Activity: 266
Merit: 103
October 03, 2017, 06:15:52 PM
#38
That's crazy.That's incredibly unprofessional of Bittrex to just go about delisting well known projects without even a simple consultation.
hero member
Activity: 1708
Merit: 606
Buy The F*cking Dip
October 03, 2017, 05:37:32 PM
#37


For 1 they would delist Waves as well, and maybe some others ?

edit:
found this https://busy.org/bitshares/@tech-trends/bitshares-is-delisting-on-bittrex-or-13-oct-2017

Wow!  I didn't even think about that.  If BTS is removed due to their decentralized exchanged issue then it could put Waves on the chopping block.  I have a lot of Waves in leasing... I have to wonder if it's worth keeping them now.  Hmmmmmmmmm...

It appears that they are having technical issues on their side (Bittrex) and that's the reason why they are delisting it. Though I'm not a supporter of BTS, it would be still great if they'll sort it out and doesn't remove it. The other concern that I have is the one stated above pertaining to coins who has decentralized exchanges. I'm a Waves supporter and has a significant amount of it. It would be bad if they'll remove Waves due to that reason. Hopefully not.
full member
Activity: 392
Merit: 102
October 03, 2017, 05:14:20 PM
#36
Why was BTS removed Sad

Select 1, 2 or 3  Grin

1. Bittrex don't like decentralized exchanges

2. Bittrex has added ADA some days ago. That shitcoin from Charles Hoskinson. If I remember right he was involved in Bitshares as well and there was some bad blood with him and Dan Larimer before he left the project.

3. Its still profitable to short on poloniex



For 1 they would delist Waves as well, and maybe some others ?

edit:
found this https://busy.org/bitshares/@tech-trends/bitshares-is-delisting-on-bittrex-or-13-oct-2017

Wow!  I didn't even think about that.  If BTS is removed due to their decentralized exchanged issue then it could put Waves on the chopping block.  I have a lot of Waves in leasing... I have to wonder if it's worth keeping them now.  Hmmmmmmmmm...
legendary
Activity: 1612
Merit: 1608
精神分析的爸
October 03, 2017, 05:10:53 PM
#35
The link below has been offered in the BTA thread and seems to offer some explanations:

http://stockemperor.com/currencies/sec-purges-cryptocurrencies/


full member
Activity: 252
Merit: 100
October 03, 2017, 03:19:57 PM
#34
I think it's probably because Bitshares is a DEX that challenges the existing exchanges, therefore removing a competitor. However, the question though is timing, why now? Is there something else behind the scene that we didn't know? It will be good for bittrex to explain this on the twitter.
full member
Activity: 238
Merit: 104
October 03, 2017, 03:09:31 PM
#33
oh my god i hope they wont delist other coins i have  Sad
sr. member
Activity: 467
Merit: 251
October 03, 2017, 03:07:39 PM
#32
these flash delistings of high volume coins is making bittrex unreliable and open to insider trading and other scams.

they could not contact the devs before this~?

same happened before with bbr last month.

Millions of dollars of volume down the toilet lol. If it is due to regulations, one has to wonder how many will be following.
full member
Activity: 322
Merit: 100
Deal Coin - P2P Lending Eco-system
October 03, 2017, 03:01:23 PM
#31
Who knows why bittrex delist bitshares? A good coin with great potential. Amazingly
full member
Activity: 134
Merit: 100
First DJ to play gigs for Bitcoin & Crypto Guru
October 03, 2017, 02:56:34 PM
#30
Bitshares delisting comes as a big surprise. It's a hot coin with quite large trade volume. Why would trex do that?  Huh

I hope they change their mind, as some people here suggest. This will be bad news for an important crypto, if happens...  Sad

could be few things really but yeah was bit shocked

long BTS or BTFD!!!! Smiley
hero member
Activity: 886
Merit: 510
October 03, 2017, 11:11:20 AM
#29
Bitshares delisting comes as a big surprise. It's a hot coin with quite large trade volume. Why would trex do that?  Huh

I hope they change their mind, as some people here suggest. This will be bad news for an important crypto, if happens...  Sad
ask
legendary
Activity: 1386
Merit: 1004
October 03, 2017, 10:30:34 AM
#28
Very interesting for BTS it has enough volume to be listed on bittrex maybe they are experiencing some technicall problems.
Will wait for dev announcements to find an opportunity
sr. member
Activity: 259
Merit: 250
October 03, 2017, 10:26:49 AM
#27
Not that I consider Bitshares a legit coin, but I'm surprised they have delisted it. It has quite decent trading volume.



1. Bittrex don't like decentralized exchanges
Even not being so decentralized as some people think, it's a possibility. It's competition for them.
jr. member
Activity: 266
Merit: 1
October 03, 2017, 09:37:35 AM
#26
none of it in my crypto-folio
full member
Activity: 658
Merit: 100
PayAccept - Worldwide payments accepted in seconds
October 03, 2017, 09:36:47 AM
#25
I regret that it is called bts coin. Because of this stupid list people have sold off a large amount of coin to make its price drop quite fast. Some information impersonating polo also deletes bts as it makes them sell faster. Do not know what the bts are doing to get bittrex floor it dell coin on the floor a coin quite delicious but removed
newbie
Activity: 42
Merit: 0
October 03, 2017, 09:10:51 AM
#24
I think because they are Chinese Tokens and it's related to China new regulation. I hope it will not affect other tokens.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
October 03, 2017, 08:05:45 AM
#23
Why was BTS removed Sad

According to the following tweet:

https://twitter.com/woolsim/status/915130624830201856



So it looks like Bittrex is having problems with their node. If the issues can be resolved, then they might change their minds.

That doesn't make any sense.  So what if their node needs some tweaking.  As if that would stop them from fixing it since BTS is a high volume coin and brings in decent profit in fees.

Let's wait for what move Polo makes.  If it delists BTS too then it's prolly the SEC.
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
October 03, 2017, 06:43:13 AM
#22
these flash delistings of high volume coins is making bittrex unreliable and open to insider trading and other scams.

they could not contact the devs before this~?

same happened before with bbr last month.
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