Poloniex to Delist 8 Coins

The exact reasons for the decision are not indicated, however, all these assets, except BitcoinDark, do not even enter the first 100 of the CoinMarketCap rating
19 September 2018   745

On September 25, the Poloniex Exchange will issue a delisting of eight assets: BitcoinDark (BTCD), Bitmark (BTM), Einsteinium (EMC2), GridCoin (GRC), NeosCoin (NEOS), PotCoin (POT), VeriCoin (VRC), Bitcoin Plus (XBC) .

The exact reasons for the decision are not indicated. However, all these assets, except BitcoinDark, do not even enter the first hundred of the CoinMarketCap rating. This indicates the extremely low liquidity of coins and, accordingly, of insignificant popularity in the market, which could serve as the reason for delisting.

Concerning BitcoinDark, it is noted in the the FAQ that the coin actually remained without the support of the creators. Holders of BTCD got the right to exchange coins for Komodo until mid-January 2018. However, at the moment there are still almost 1.3 million BTCD in turnover.

Also, the administration of Poloniex reminded users about the need to close all positions on the relevant coins until September 25.

After the date of delisting, traders will have 30 more days to withdraw coins to third-party wallet.

Circle to Lay Off 10% Staff

30 people are now going to look for new job due to "organizational changes"
22 May 2019   121

The company Circle, which owns the cryptocurrency exchange Poloniex and the crowdfunding portal SeedInvest, has reduced 30 employees, which is about 10% of the staff.

Today we made organizational changes at Circle and eliminated approximately 30 positions, which is about 10% of our employees. We made these changes in response to new market conditions, most importantly, an increasingly restrictive regulatory climate in the United States. Circle remains strong and healthy, and we will continue to drive new product innovation and growth globally, working with jurisdictions that offer forward-looking policies regulating digital asset businesses, while we press for more balanced crypto policy in the U.S.

Jeremy Allaire

CEO, Cirle

First of all, the cuts affected the main office of Circle in Boston. The company also liquidated several positions in the departments of finance and product development in the New York office. 

He also added that due to regulatory uncertainty, Poloniex was forced to restrict access to certain assets to US residents. In particular, the site will stop trading assets ARDR, BCN, DCR, GAME, GAS, LSK, NXT, OMNI and REP. The changes will take effect from May 29.

According to The Block, the company also revised its investment plans. Informed sources said that in the next round of financing Circle intends to raise $ 150 million instead of $ 250 million.