Binance delisted BitShares (BTS). Risk for Hive being delisted and what to do about it?
Binance hat vor Kurzem BitShares (BTS) und noch einige weitere Coins (PERL, TORN, WTC) von seiner Plattform entfernt.
Diesmal dürften nicht so sehr regulatorische Gründe dahinterstehen, sondern die Entwicklung von BitShares dürfte mehr oder weniger eingeschlafen sein und vermutlich hat auch das Trading Volumen und die Liquidität nicht mehr den Erwartungen von Binance entsprochen.
Nach dem Delisting ist der Kurs von BitShares nocheinmal um 50% gecrasht und wird sich wahrscheinlich auch nicht mehr erholen, da BTS von keiner großen Börse mehr gehandelt wird und das Projekt nicht einmal mehr über eine eigene Website verfügt.
Update: es gibt doch noch eine Website und eine Bitshares App:
Gefahr für Hive?
Ein ähnliches Schicksal könnte theoretisch auch Hive widerfahren.
Ein weiteres Risiko ist die Regulierung.
Stellt euch vor, die SEC würde Hive und die meisten Altcoins als Wertpapier einstufen und dann von Binance entfernen lassen, da sich Binance jetzt strikt an die Vorgaben der SEC halten muss. Das wäre der Super-GAU für die meisten Altcoins.
Was können wir tun?
Nicht nur von einer Börse abhängig machen lassen, sondern Hive auf so vielen großen Börsen wie möglich listen. Das wäre sogar ein sinnvolles DAO-Projekt, zb Hive auf Coinbase zu bringen.
Dezentrale Exchanges ausbauen und Hive auf so viele dezentrale, kleinere Plattformen wie möglich listen.
So groß werden, dass Hive nicht mehr delistet werden kann.
Was sagt ihr dazu? Wie seht ihr das Risiko für Hive, was können wir dagegen tun?
Binance to Delist BTS, PERL, TORN, WTC Starting from December 7, 2023
@lordbutterfly
Binance delists Bitshares // Do we need any more convincing?
English
Binance recently removed BitShares (BTS) and several other coins (PERL, TORN, WTC) from its platform.
This time it was probably not so much for regulatory reasons, but because the development of BitShares had more or less fallen asleep and presumably the trading volume and liquidity no longer met Binance's expectations.
After the delisting, the price of BitShares crashed by another 50% and is unlikely to recover, as BTS is no longer traded on any major exchange and the project no longer even has its own website.
Update: There is still a website and a Bitshares app, didn't find it before:
Danger for Hive?
A similar fate could theoretically befall Hive.
Another risk is regulation.
Imagine if the SEC were to classify Hive and most altcoins as securities and then have them removed from Binance, as Binance must now strictly adhere to SEC regulations. That would be the worst-case scenario for most altcoins.
What can we do?
Don't dependent on one exchange only, but list Hive on as many major exchanges as possible. That would even be a sensible DAO project, e.g. getting Hive onto Coinbase.
Expand decentralized exchanges and list Hive on as many decentralized, smaller platforms as possible.
Become so big that Hive can no longer be delisted.
What do you think? How do you see the risk for Hive, what can we do about it?
Live your Secrets and Hive Prosper 🍯
xx Viki @vikisecrets
Schön und gut, aber wer macht es (das Listen von Hive auf anderen Börsen)?
Das ist eines der Probleme. Es gibt oft niemanden, der sich zuständig fühlt. Das hat den Vorteil, dass Hive keine Gehälter an Angestellte auszahlen muss (wie die meisten anderen Projekte), aber hier offenbart sich eine Schwäche. Jeder kennt das Risiko (es ist ja nichts Neues), aber niemand tut etwas dagegen. Diejenigen, die sich auskennen und etwas tun könnten, haben bereits ihre DAO-Projekte in "trockenen Tüchern" und cashen ab, ohne große Motivation, noch zusätzlich was zu machen.
hive should enlist on crypto.com. that is one of the major exchanges right?
Not really true, BTS core and UIs are regularly receiving upgrades. Have you not seen any of my developer blog posts? Bruh..
Binance is due to get absolutely rekt by the SEC as their guilty pleas are now being used against them in the SEC cases. CZ is going to get decades in jail, not simply 18 months.
fake news. pretty manipulative of you.
Thx for the feedback, coinmarketcap did not have links to their website, only the github link, so coinmarketcap, which is owned by Binance, manipulated me in thinking they don't have a website. Added links to their website and app in the article for clarification.
i agree! hive should list on many major exchanges. but im just wondering why hive could not make its own exchange like binance?
hive should be more aggressive. but i dont think hive will be delisted on binance.
i hope hive wont have similar fate with those other coins. if it happens i would stop trading crypto.
Keine Ahnung wie hoch das Risiko ist (Binance-Hive). Aber ein Listing auf Coinbase wäre sicherlich sehr sinnvoll 🎯
get HIVE on Thorchain!
BTS did not have a listing on the Korean exchange Upbit. If I'm not mistaken, there are currently 120 million HIVEs on Upbit. The trading volume there is many times greater than on Binance. I don’t think that delisting HIVE from Binance will greatly affect the price of HIVE.
It's good that Hive is on upbit too, but we still need more exchange adoption in my opinion. Just in case for diversification.
Nobody wants to be completely dependent on the Koreans and their dubious pumps and dumps.
We need to buy back 120 million HIVE from them. Wanting is one thing, but reality is completely different.
https://ecency.com/hive/@dalz.shorts/hive-supply-on-upbit
Arguably south korea is doing the most to tackle short sellers in traditional markets, so their govt may be more trustworthy in crypto in the long run
Its kind of a good sign that Binance is only supporting "strong" coins in their platform. However, i hope Hive will not be delisted as there are many people supporting Hive.
Is it? Binance will be shut down eventually, all those "strong" coins will be locked away in bankrupcy claims for years
Ich hoffe immer noch dass msl ein Kraken listing kommt.
!BBH
@vikisecrets! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @thehockeyfan-at. (1/1)
Binance is a huge platform for Hive. If it gets delisted from here then its price will go down a lot and it is likely to lose the market. So better exchange sites should include Hive.
Hive can be traded on the Bitshares Decentralized Exchange :)
Bin gespannt wann das passiert.
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!PIZZA
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It sucks to hear but I kind of expected Binance to start delisting tokens. We need an exchange but I still think Hive has the BSC swap and the internal market. It just sucks that you can't convert the crypto directly.
BSC, being a binance product, is not long for this world.
This is not actually looking good on some coin looking how Binance have strong influence in the Crypto space
Don't worry, Binance isn't long for this world
Diversifying Hive's presence to other exchanges (significant and decentralized platforms) could be a good strategy in case it gets delisted from Binance. Additionally, strengthening the community and the overall adoption of Hive could help consolidate its position.
Yes, there is danger for Hive. Although I think that the one who has started a path towards disappearance is Binance.
That's right we shouldn't dependent on only one exchange.
Bin kein Fan von CEX, daher Vollgas für Listungen auf DEX insb. ThorChain. Die Punkte die du jedoch aufgeführt hast, sind sehr valide.
They still have a website,
https://xbts.io/
thx, was not able to find it on coinmarketcap.
Most welcome Viktor!
That's all the research you do?
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hier siehst du auch ein paar Infos zu Bitshares:
https://www.coingecko.com/en/coins/bitshares
lg !PGM und etwas !invest_vote 🤠
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We need to as a community to choose someone to be a representative to push onto our way onto Coinbase. In the US we already have so few choices when it comes to Hive. We need to start getting onto as many exchanges as possible to really see Hive blossom every time there's a bull market.
Dla mnie to smutna informacja, bo jednak większość operacji przeprowadzam na Binance. Czas pokarze
I really hope they don't touch Hive :(
But on a positive note, we have a really strong community and together we can find solutions to any problems thrown at us!
It is urgent to find alternatives!
Use the Bitshares DEX ;P
Binance is a big platform no matter whatever scandal the CEO may have
Having Hive delisted may be bad for us
I don’t want that to happen
Binance is not too big to fail.
The reign of their platform and exchange token will come to an end just like FTX
That's why I will suggest hive to start having more exchanges to be listed on
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It won't happen like this because the community of this project is very strong and we will see that it should not be like this at all, otherwise we will see some things breaking down within the project as it is and its The price may not come down.