Categories: Bitcoin

Bithumb Criticized For Listing a Cryptocurrency Created by its Developers


Join our neighborhood of 10 000 merchants on As a cryptocurrency listed in Bithumb, ‘Popchain’ is inflicting controversy amongst traders.

Investors have began to say that Bithumb paused its ICO plans to advertise Popchain, a cryptocurrency created by its builders that management 91 p.c of the cryptocurrency’s provide.

Initially, upon the introduction of Popchain, the Bithumb workforce stated that it’ll use The E&M’s Popcorn TV and Celeb TV to evolve Popchain into a profitable blockchain-based content material service platform. Investors have been attracted by the token, as Popcorn TV and Celeb TV are platforms which are already getting used by hundreds of thousands of customers.

Investors Outraged, Bithumb Cancels Listing

Investors in South Korea have been outraged by the Popchain itemizing and airdrop as a result of in contrast to different tokens like Kyber Network, EOS, and Storm, which needed to undergo a rigorous verification course of, Popchain, a cryptocurrency that’s merely two weeks in improvement with supply code copied from different cryptocurrencies, secured a itemizing on Bithumb.

When Bithumb introduced its plans to checklist Popchain, lower than 18 wallets or customers had the Popchain token. To put it merely, Bithumb introduced a itemizing of a cryptocurrency owned and held by 18 folks.

Cryptocurrency traders advised Hankyung that the itemizing of Popchain is a fraud-like operation and that Bithumb prematurely integrating Popchain.

In response, Bithumb said that it’ll not checklist Popchain within the short-term and wait till Popchain is built-in by main cryptocurrency exchanges.

Images from Shutterstock.

Follow us on Telegram.
Advertisement

Disqus Comments Loading...
Share

Recent Posts

Bitcoin Has Outperformed Apple & other Tech Stocks Since Last January

In January of last year, the U.S. stock market went through one of the largest bull markets in recent history,…

48 mins ago

Blockchain is a ‘Systemic Risk’ for Financial Industry: DTCC Exec.

The Depository Trust & Clearing Corporation or DTCC issues a report every year on the stability of the global financial…

2 hours ago

If You Mine Ethereum, You’re a Target for Crypto Hackers

Hackers have devised a new way to steal your cryptocurrencies. This time, they are running a massive scanning campaign to…

4 hours ago

Bitcoin Tax Confusion Has Accountants Turning to Specialized Software

Every time you convert Bitcoin to anything, be it goods or services, other cryptocurrencies, or even tax payments, it might…

5 hours ago

No, the Price of Bitcoin Didn’t Drop Because of Bomb Threats

On Friday, as the Bitcoin price fell by around six percent against the U.S. dollar, several reports claimed that the…

7 hours ago

Alleged Reporter Says Republicans Won The Market

A person claiming to be the designated reporter for an Augur predictions market which asked the question “Which party will…

9 hours ago

This website uses cookies.