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Delist

BinanceUS suspends U.S. dollar depositsIf you haven`t sold BNB here: Then you should know that BinanceUS, a part of the biggest crypto exchange Binance, has made an announcement regarding changes in its operations. Going forward, the exchange will cease accepting U.S. dollar deposits, and customers will soon no longer have the option to withdraw dollars from the platform. This decision follows a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance, its CEO Changpeng Zhao, and the operator of its U.S. exchange. The SEC alleges various misconduct, including artificially inflating trading volumes, misusing customer funds, failing to enforce restrictions on U.S. customers, and providing misleading information about market surveillance controls. I think BNB will test the $220 support. Looking forward to read your opinion about it.
Short
by TopgOptions
3
TRX Tron | Binance US to Delist Justin Sun's TRX Next Week !!If you haven`t sold TRX Tron here: Then you should know that Binance US, the American division of the world's top cryptocurrency exchange Binance, has declared that it will delist TRON (TRX) from its trading platform next week, on April 18. Binance made the decision to delist TRON in response to the US Securities and Exchange Commission's (SEC) recent crackdown on the cryptocurrency magnate. In its press release, the regulatory authority accused Justin Sun and his three wholly-owned companies, namely Tron Foundation Limited, BitTorrent Foundation Ltd, and Rainberry Inc, of defrauding investors by selling unregistered securities. Sun is also accused of performing "extensive wash trading" and organizing a scheme to pay celebrities to promote TRX and BTT without revealing their compensation. Additionally, the SEC charged a number of celebrities, including Jake Paul, Ne-yo, and Lindsay Lohan, with illegally endorsing TRX and BTT without revealing their pay. According to Elliott Wave theory, I expect for a retracement tp $0.052 level. Looking forward to read your opinion about it.
Short
by TopgOptions
Raven going the way of the Dodo?This is not financial advice. These are my thoughts written out to help my own trading decisions. Do your own due diligence. I've been studying the different coins that have been delisted in the past by Binance. Some signs that typically point towards a delisting seem to be: 1. precipitous drop in trading volume and sustained periods of low volume and liquidity. You can see a consistent drop in volume since the March 2019 pump. A 94% drop from the top to where we are now. Binance makes their money through trading fees. The coin has also spent the majority of it's existence below the 50 ma in volume. Binance is constantly balancing the risk of hacks, regulatory issues, etc...against the reward of how much they earn through trading fees. With that in mind, how does Binance's interest square with how this coin has performed for them? Less volume = less fees earned. 2. order book action. Are the market maker's manipulating the price to accumulate or distribute their positions? What is the trade history. What is price that is actually being bought and sold? Market makers appear to be exiting their positions in a controlled manner. When observing the price action there are more large sell orders that come through followed by small buy orders to maintain the price. Buy walls appear to backfill and act like support. Yet the price is continuing to drop. Do they know something? 3. the coin's community interest, support, and ability to address issues. Unaddressed inflation event due to an exploit that occurred in July that allowed for hackers to mint 6 million RVN. The inflation event caused an increase of 1.5% of maximum supply and a 5% increase of current supply. So far the creators, and community, are at odds on how to address this. These points lead to an, "(un)* healthy, sustainable blockchain and cryptocurrency ecosystem ". These factors lead me to believe that delisting is possible and likely to happen in the near future.
Short
by J167889
Will they name JCPenney JCPenny?J. C. Penney Company, Inc. is an American department store chain with 865 locations. It is a micro-cap @$187million. This upcoming earnings, this companies fate will be decided as the street awaits details of long-term plan. If the stock remains below $1 for a period of 30 consecutive business days, they will face delisting from the NYSE market. JCP August 0.50 straddle is priced for a move of 30% into the expected release of quarterly results before the bell on August 15th. Analyst note: B. Riley FBR lowers their JCP target to $0.60 from $1.30 as they believe that amid traffic/discounting pressure that has been impacting retail in general, there is downside risk to estimates.
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by dorfmanmaster