According to a Reddit post published in the CLAMClient subreddit on Oct. 9, Poloniex announced the upcoming delisting in an email sent to users who hold them on the exchange.
Crypto exchange Poloniex has announced that it is delisting six digital currencies: Clams (CLAM), Pascal (PASC), Steem (STEEM), Navcoin (NAV), GameCredits (GAME) and LBRY Credits (LBC).
The delisting procedure
Per the announcement, trading of PASC, STEEM, NAV, GAME, LBC and CLAM will be disabled on Oct. 15. LBC withdrawals will be permanently disabled on Oct. 28. Lastly, PASC, STEEM, NAV, GAME and CLAM withdrawals will be permanently disabled on Nov. 15. The exchange urges its users who hold those assets to take action:
“Please be sure to withdraw your assets before the withdrawal deadlines shown above. To withdraw your assets, visit the Balances page of your account and provide a withdrawal address for the currency you wish to withdraw. In order to withdraw your funds, you must have a balance that is greater than the minimum network fee of that asset.”
As Cointelegraph reported in September, major cryptocurrency exchange Binance also announced that it is removing about 30 trading pairs from its platform. Interestingly, six of those trading pairs involved tokens launched on Binance Launchpad – its Initial Exchange Offering platform.
Also in September, crypto exchange Upbit delisted and ceased trading support for privacy coins Monero (XMR), DASH, ZCash (ZEC), Haven Protocol (XHV), BitTube (TUBE) and PIVX due to money laundering concerns.
French State-Owned Bank Joins $8M Lightning Network Startup Funding
One of the developers of Bitcoin’s (BTC) Lightning Network has secured $8 million in funding from partners, including a bank partially owned by the French state.
State-owned Bpifrance funds Lightning development
In a press release published on Oct. 9, Bitcoin technology company ACINQ confirmed the news. This brings its total investment to $10 million.
The funding came from the lead contributor Idinvest Partners, which focuses on small and medium-sized European businesses. Also involved was Bpifrance, an investment bank created by two French public entities.
As such, the government has come conspicuously close to directly funding the improvement of Bitcoin amid an apparent softening of its stance on cryptocurrency more broadly. Bpifrance’s digital investment director Véronique Jacq noted:
“Cryptocurrency’s potential is becoming more and more obvious. In this area where there is still much to explore and build, Bitcoin provides a platform for experimenting and implementing that is second to none. … Lightning is its most promising scalability solution and we’re happy and proud to help and partner with ACINQ, a French company that is one of the world leaders of this new technology.”
Lightning’s slow grind to recognition
ACINQ has stated that it would use the money to improve the Lightning protocol and expand its own business operations.
The news comes as commentators continue to put faith in that Lightning allows for faster and cheaper Bitcoin transactions.
As Cointelegraph reported, it was Samson Mow, CSO of fellow Bitcoin technology firm Blockstream, who reconfirmed his belief that Lightning would form part of Bitcoin’s future mainstream presence.
Nonetheless, its journey to common usage cannot come as a result of a single watershed moment, he suggested, adding:
“Lightning has to grow organically, there’s no real way to jumpstart it artificially. People need to open up channels, lock up Bitcoins and start connecting with other nodes.”