Bitcoin Price Eyes $1,800, Altcoin Rout As Poloniex Feels Strain
The majority of altcoins dropped sharply Tuesday, while Bitcoin surged ahead on reports major exchange Poloniex was unable to cope with the demand. As multiple altcoins shot up in price over the past two weeks, trading activity has increased with them. Poloniex, which deals with many of the most popular assets, began showing signs of strain over the past 24 hours. On social media, users were complaining about lag in trading and price data, transactions failing to complete and the site even failing to load altogether. Panic selling thereafter has put major pressure on all the altcoins in....
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The launch of the much anticipated anonymous currency led to a trading frenzy yesterday with price reaching a dizzying high of more than $2 million per coin on Poloniex, the most popular altcoin exchange. Zcash trading on its launching day. In what can only be described as absolute insanity, Zec’s price changed by hundreds of thousands of dollars in seconds on Poloniex. By comparison, BitMEX’s Zec futures went from $7,000 per coin, to $3,000 to $1,000 to only reach $7,000 once more, all within minutes. Today, price has calmed slightly, but it remains absurd, with one Zec going for more....
Monero (XMR) is an cryptocurrency based on the CryptoNote protocol that touts anonymity as one of its winning features. Recently, United States cryptocurrency exchange Poloniex added a new Monero market to its list of features. The addition makes Monero not only the first altcoin to establish its own market pairing since Litecoin on Poloniex, but also the first Monero direct market in existence. CCN. Poloniex, founded in January of 2014, currently offers over 140 Bitcoin and Monero trading pairs. Many know it's name from the Bitcoin theft they experienced this past March. The event was a....
Monero has ranked among the top altcoins since its release in April, even earning its own market as a trading pair on the altcoin exchange Poloniex. However, the Monero price has been in decline for the past several months. CCN examines this altcoin price movement to help investors make wise trading decisions. Also Read: Monero Market Added To Poloniex Cryptocurrency Exchange. Monero Price Trending Downwards. The Monero price has been in decline for several months, and the fall continued during the past week. On October 24, the Monero price was 212,653 satoshis. Over the next two days, the....
Poloniex, a global cryptocurrency exchange that has been on the scene since 2014, collaborated with APENFT to integrate a one-stop NFT platform. Eddie Jiang, Poloniex Head of Marketing, discussed the reasons behind cooperation and the future development of NFT and metaverse in a recent interview with Bitcoinist. Q: Can you tell us what led Poloniex […]
Poloniex, the biggest altcoin exchange with daily volume in tens of thousands, if not hundreds of thousands btc, is insecure according to an anonymous “really light testing” security review. Xavier59, whose StackExchange profile states “[a]pparently, this user prefers to keep an air of mystery about them,” publicly released three vulnerabilities after claiming Poloniex failed to reply to his emails informing them of security bugs more than a month ago. The vulnerabilities, according to Xavier59, indicate incompetence and potential risks. The most prominent seems to be using Get (which is....