Kraken delists more than 10 trading pairs

Kraken crypto exchange announces delisting of some tarding pairs and temporary suspension of advanced order types
22 August 2017   3336

Kraken, one of the biggest Bitcoin exchanges, has delisted 12 cryptocurrency trading pairs in order to reduce the platform load  "until upgrades can be made that will enable to smoothly scale capacity".

In addition, the company will temporary suspend of advanced order types.

According to the report, the changes will go into effect on Tuesday, August 22nd, around 6 am UTC (Monday August 21 around 11 pm Pacific).

In order to help mitigate the strain on our platform caused by recent exponential growth, we are delisting some of our illiquid trading pairs and temporarily suspending all advanced order types.
 

Kraken team

Thus, the following pairs will be delisted with all outstanding orders being cancelled:

  • XBT/GBP
  • ETH/GBP
  • XRP/CAD
  • XRP/JPY
  • EOS/EUR
  • EOS/USD
  • XLM/EUR
  • XLM/USD
  • GNO/EUR
  • GNO/USD
  • REP/USD

On top of that, open orders will remain open until cancelled or executed, but the users will no longer be able to create new orders in any of the following advanced types:

  • Stop Loss
  • Take Profit
  • Stop Loss, Take Profit
  • Stop Loss, Take Profit Limit
  • Stop Loss Limit
  • Take Profit Limit
  • Trailing Stop
  • Trailing Stop Limit
  • Stop, Limit

The above changes will go into effect the same time as the trading pairs delisting.

Users Suspected RusGas of Scam

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol
07 December 2018   97

The RusGas cryptocurrency project (RGS) demonstrates disturbing signs and releases new tokens in excess of the pre-set emission limit, Cryptovest reports. With an aggregate capitalization of $ 117, RGS trading volume for the last few days is $ 35,000. Events unfold against the backdrop of promises made by the project organizers about the upcoming restart.

Most of the RGS trade is focused on the Crex24 exchange, which has a daily  of $ 700,000. RusGas had a daily volume of several million dollars in its best days, which already then caused questions about the authenticity of this value.

According to CoinMarketCap, RGS emissions are limited to 10 billion tokens, but Etherscan indicates that currently 298 addresses contain 860 billion RGS. The rapid growth of emissions was recorded in recent days and hours. The largest wallet contains 99% of all tokens, which is probably the crex24 wallet. The developers themselves explain these movements to the next restart.

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol(PRL), when the additional issue feature was used in a smart contract.

The likelihood of such an outcome is a characteristic feature of projects based on the Ethereum protocol, which allows additional emission of tokens through a smart contract at the discretion of its owner, not to mention other vulnerabilities that cost investors a lot of money.

RusGas is based on the idea of ​​using tokens and blockchains to optimize the Russian gas industry. Despite the dubiousness of the project’s mission, the data on the network indicates that in April of this year he managed to raise $ 2.2 million for ICO.