Margin lending is a very risky business, regardless of which industry it is performed in. As far as cryptocurrency margin lending is concerned, things are bound to get interesting, albeit not always for the right reasons. Users who had active margin loans on Poloniex a while ago will see a 16.2% haircut. The reason is simple: the CLAM market collapsed for no real reason. Blame CLAM for Major Losses As explained by the Poloniex team on their blog, a very odd market trend affected CLAM. For those who are not familiar with this project, it is a token which was
The post CLAM Market Crash Costs Poloniex’s Bitcoin Lenders 16.202% of Their Balance appeared first on The Merkle Hash.
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Multiple concerned U.S. corporate customers of Bitfinex have posted on Reddit after discovering that they were unable to access the exchange’s margin trading services. Although Bitfinex has previously indicated that it would no longer allow U.S individuals to access the exchange’s services, Bitfinex’s support portal currently states that the restrictions do not affect U.S. corporate […]