Bittrex to Delist 82 Altcoins at End of March

Bittrex to Delist 82 Altcoins at End of March

Bittrex will delist 82 different altcoins on March 30th. The exchange has stated that the delistings are taking place in order to ensure that all tokens listed meet the platform’s “strict coin listing criteria and have a properly functioning blockchain and wallet”.

Also Read: 76% of This Year’s ICOs Are Already Under Water 

Bittrex Announces Mass Altcoin Delisting

Bittrex has revealed that it will delist 82 different altcoins on March 30th. The exchange has informed customers that they must withdraw soon-to-be delisted altcoins that they wish to keep prior to the date of their removal from the platform.

Bittrex has stated that the decision to delist these tokens has been made on the basis of maintaining the company’s “strict coin listing criteria”. Of the 82 digital tokens to be delisted, 28 have either “broken blockchains or wallets that will not allow withdrawals.” Other tokens are set to be delisted due to thin liquidity.


Bittrex Seeks Greater Regulatory Compliance

The delistings are taking place amid increasing steps on the part of Bittrex to ensure greater regulatory adherence.

On the 9th of March, Bittrex’s new terms of service came into effect, prohibiting “citizen[s] or resident[s] of any state, country, territory or other jurisdiction that is embargoed by the United States” – North Korea, Iran, the Crimean region, Syria, and Cuba – from accessing the exchange.

On March 7th, Bittrex responded to the United States Securities and Exchange Commission (SEC)’s announcement that if an “Online trading platform […] offers [the] trading of digital assets that are securities […] then the platform must register with the SEC as a national securities exchange or be exempt from regulation.”

The exchange stated that it “is committed to incubating new blockchain technology projects and offering innovative, compliant digital tokens to our customers. Bittrex uses a robust digital token review process to ensure the tokens are listed on the exchange are compliant with U.S law and are not considered securities.” The exchange added that it “look[s] forward to continuing [its] proactive dialogue with the SEC and other regulators on how to build a secure, fully-regulated environment for blockchain.”

Do you think that more exchanges will delist altcoins in a bid to attain greater regulatory complaince? Share your thoughts in the comments section below!

Images courtesy of Shutterstock

At all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.  

The post Bittrex to Delist 82 Altcoins at End of March appeared first on Bitcoin News.

Australia First, Hong Kong Next? World’s 6th Largest Stock Exchange Eyes Blockchain

The Hong Kong Stock Exchange (HKEX) is tapping into the expertise of the Australian Securities Exchange (ASX) in implementing blockchain technology for core processes. After two years of rigorous testing, the Australian Securities Exchange became the world’s first major exchange operator to turn to blockchain technology for its post-trade settlement process, a core feature, in … Continued

The post Australia First, Hong Kong Next? World’s 6th Largest Stock Exchange Eyes Blockchain appeared first on CCN

83% of Australian Cryptocurrency Investors are Male, Study Shows

A study of Australian cryptocurrency traders has discovered that 8 out of ten are men. The study examined data from seven cryptocurrency trading exchanges spanning a period of 12 months. More than 83 percent of the registered 312,633 traders were male, according to the work by the Australian Digital Commerce Association and Accenture (ADCA). Whilst the … Continued

The post 83% of Australian Cryptocurrency Investors are Male, Study Shows appeared first on CCN

Indian Woman Shares Credentials with Scammers, Loses $55,000 in Bitcoin

Indian police in the country’s capital city of Delhi are reportedly investigating a bitcoin theft wherein a woman’s wallet was allegedly ‘hacked’ by scammers to siphon away 6.5 bitcoins, approx. $54,000 in current prices. According to a local report, the Central Bureau of Investigation (CBI) – India’s primary law enforcement and intelligence agency – has … Continued

The post Indian Woman Shares Credentials with Scammers, Loses $55,000 in Bitcoin appeared first on CCN

PR: ChronoBase Will Run a Token Pre-Sale to Protect Your Watch with a Blockchain Technology

Chronobase Will Run a Token Pre-Sale to Protect Your Watch with a Blockchain Technology

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. does not endorse nor support this product/service. is not responsible for or liable for any content, accuracy or quality within the press release.

The world’s first decentralized luxury watch database – ChronoBase – announces its token pre-sale, which will start on March 27th. Thanks to this database, the owners of luxury watches will be able to price them accordingly and claim ownership on the spot, while manufacturers and dealers will be able to prove the ‘clean’ origin of watches.

ChronoBase is based on the modern blockchain technology called a decentralized database. The system will generate an Ethereum-based certificate that cannot be falsified. Moreover, users can check whether the watch is stolen and find out if it is already in use to avoid a fraud.

The Etherum-based blockchain technology makes any manipulations with the data impossible — what the user has put into the system remains safely guarded. The technology enables ChronoBase to keep and verify the whole ownership history of the watch, making it available to users anywhere in the world, in just a few clicks. All you need to do is to enter the brand name, model, and serial number.

Andreas Fleischer, ChronoBase CEO, says: ‘Luxury watches are not just an accessory; it is also an investment. As well as artworks, any watch increases in price over time. Therefore, keeping as much information about the luxury watch as possible is extremely important, whatever it takes. This is possible even in case of a loss or theft. How? Thanks to blockchain technology and ChronoBase service.’

ChronoBase partners receive access to all profitable features: watches registration and ownership confirmation with original documents; lost or stolen watches search; verified information on watches history, age, ownership; maintenance, repair, restoration or any other service registration.

From April 11th to June 5th ChronoBase will be selling the tokens of its platform, the sale is followed by the pre-sale from March 27th to April 5th. 100 million tokens are issued for sale. The initial price for 1 BASE is 0.1 USD. The BTC and ETH cryptocurrencies will be accepted.

About ChronoBase

ChronoBase is a reliable and easily accessible database with the information on thousands of luxury watches, which can be registered by manufacturers, dealers, owners etc. The project has the modern blockchain technology — a decentralized database — as its cornerstone. The whole watches life cycle, from manufacturing to end usage, can now be recorded in the blockchain. For more information visit

Contact Email Address
Supporting Link

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: ChronoBase Will Run a Token Pre-Sale to Protect Your Watch with a Blockchain Technology appeared first on Bitcoin News.

India’s Bitcoin Trading Volume Plummets amid Banks’ Blockade of Exchanges

Regulatory and bank challenges are pressuring cryptocurrency exchanges in the country, as evidenced by a 90% decline in volume on bitcoin trading platforms. The Reserve Bank of India, its central bank, has not put the hammer down on trader accounts, but Indian banks have taken a two-pronged approach that’s denting trading activity, including closing bitcoin

The post India’s Bitcoin Trading Volume Plummets amid Banks’ Blockade of Exchanges appeared first on CCN

Hong Kong Regulator Shuts Down ‘Black Cell’ ICO

Hong Kong’s Securities and Futures Commission, the country’s securities regulator, has moved to shut down  an initial coin offering (ICO) citing “potential unauthorized promotional activities and unlicensed regulated activities.” Black Cell Technology was forced to halt its initial coin offering by the regulatory body. The project has complied with the official verdict by ceasing the token sale, … Continued

The post Hong Kong Regulator Shuts Down ‘Black Cell’ ICO appeared first on CCN

Some of Bitcoin’s Earliest Adopters Find it Difficult to ‘Cash Out’

Wealthy Darknet Vendors Have Issues 'Cashing Out'

The price of BTC had increased in value significantly over the years, reaching $19,600 at its highest peak – and the exchange rate rests at $8,500 today. This is a stark contrast to just over a year ago when the digital currency’s value was under $1,000 per coin. Since the fiat value has increased so much it has made some early investors very rich. Moreover, there’s one group of early adopters that no one likes to talk about — darknet market vendors.

Also read: Since Embracing Bitcoin, Robinhood App Value Jumps to $5.6 Billion

Wealthy Darknet Vendors Have Issues ‘Cashing Out’

Whether people like to talk about it or not, darknet markets (DNM) exist, and some people believe vices are not crimes. Some well-known bitcoiners have made millions gathering the currency in the early days but there are also anonymous millionaires that people will never know. DNM operators and vendors are among bitcoin’s earliest adopters since the inception of the first modern DNM the Silk Road launched in 2011. Estimates detail that the Silk Road took in $30-45 million annually with 146,946 buyers in 2013 and 3,877 vendors. When the Silk Road collapsed in October of 2013 many of those vendors moved on to newer DNMs and many of them still exist today.

Wealthy Darknet Vendors Have Issues 'Cashing Out'

According to a report by Vice author David Gilbert, lots of DNM vendors have obtained massive quantities of bitcoins by selling their wares and deeds online but cashing them out into fiat isn’t so easy. Gilbert details that many of the super-rich vendors have even contacted Swiss banks trying to exit into fiat in a quiet manner. Some have even offered bank employees 10 percent to get them “out of the situation.” Further, some DNM vendors from marketplaces like the Wall Street Market, the Point market, and others detail how they get their bitcoin’s back into the fiat system.

Modus Operandi

One method is mixing the coins and selling them locally to someone who is willing to pay cash for the cryptocurrency. Another procedure is purchasing prepaid cards with the BTC that offer credits and gift redemptions to a wide range of stores. A funny technique is using the payment service Western Union as one vendor sends his coins to platforms that “automatically transfer bitcoin to Western Union accounts.” Lastly, however, if a person decides to exchange their cryptos for fiat, the trick is to do it slowly, as one vendor remarks the process can be “slow and tedious.” The report goes on to quote another vendor who explains that roughly only 20 percent of these people have come up with “innovative ways of cashing out — 80 percent have no idea how to do it.”

Put Yourself Through School

Wealthy Darknet Vendors Have Issues 'Cashing Out' DNM vendors have been making a lot of money for quite some time as reported back in 2016 the day-to-day affairs of everyday darknet merchants. One guy ran a one-man operation making $200-300 thousand USD per year and operations security (Opsec) was his top priority. Another DNM merchant made $150K annually and put himself through grad school selling LSD, DMT, ketamine, cocaine, and MDMA. The DNM merchant detailed that many vendors used their funds for schooling at universities so they could one day go ‘legitimate.’

It’s safe to say DNM vendors are some of the earliest adopters but many of them have to use rather unique methods of utilizing the funds. Additionally, these types of individuals and groups were some of the first people to give bitcoin its value proposition and utility as DNM vendors are quite literally crypto’s first merchants — and they still are very loyal. However, the evolution of blockchain surveillance companies has become a threat to DNM vendors and many of them may have to try different techniques to avoid the law.

What do you think about the darknet market vendors trying to ‘cash out?’ Let us know what you think in the comments below.

Images via Shutterstock, and Pixabay. 

Need to calculate your bitcoin holdings? Check our tools section. 

The post Some of Bitcoin’s Earliest Adopters Find it Difficult to ‘Cash Out’ appeared first on Bitcoin News.