What do you mean no-one is talking about this? The community has begged for Kin to list on a proper exchange since the TDE, and guess what? It´s finally happening with the upcoming Kin3 and federation nodes.
Also the event taking place tomorrow the proof of keys I think its called . Where everyone that is willing removes their BTC from exchanges...well HITBTC has locked peoples accounts so they can't withdraw. Why you may ask....best guess is they don't actually have enough BTC should everyone withdraw at once. So fake volume.
I thought the event was to withdraw all of your crypto, not just BTC? Anyhow, I'm a participant. Let's see how it all plays out. I'll never buy anything on HitBTC though. I get my Kin from Coss or Bancor and soon hopefully we'll have Coinbase offering Kin.
If you know anything about fractional bank this shouldn’t be a surprise. If you let anybody control you access to funds (ie keys) of course they are going to use that control to create liquidity. Cryptocurrency was supposed to solve this problem, unfortunately it hasn’t been used properly.
True! But, I had similar experiences with Bittrex and Kraken (about 1 ago). So best Practice is to withdraw your funds anyway to a place where you own your keys. Like MEW MyEtherWallet secured with a nano ledger, metamask or something like that.
Not to sound like a shill, but I like that certain cryptos, like Stellar for example, include the DEX in the protocol, which results in essentially centralizing liquidity within the protocol itself, but decentralizing who can host interfaces to the DEX(ie, anyone).
They are freezing funds because of the expected proof of keys event upcoming (where people are going to pull their coin off exchanges to see if any are lying about how many bitcoin they have in reserve)
n0f00d1 - 2 years account age. 200 - 1000 comment karma.8 months ago
Read the article the title is bullshit.
Two examples of people having failed KYC are given with no context. They clearly state that they don't think this is in any way related to the PoK event, but still publish a shitty article with a misleading title anyway.