Beards & Bitcoins Crypto Podcast Bitcoin

Episode 65: Drama In Crypto: Poloniex Delists DGB & Richard Heart’s HEX

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In this episode, Ben and Justin chat about Poloniex Delisting Digibyte $DGB & Richard Heart's HEX.
DGB - The crypto company Circle, recently announced that it was spinning off the trading platform Poloniex and has since warned customers to withdraw assets or they may be sent to national governments. Following the announcement, the founder of the Digibyte Jared Tate, explained he was extremely upset that his friend’s and family’s sensitive personal data “is now in the hands of [Poloniex].” Not too long after Tate’s tweet, the Poloniex Twitter account responded by denying ownership of U.S. customer data, and revealed the exchange would “delist DGB soon.” Is this a case of biting the hand that feeds you?

HEX - Richard Heart recently collected roughly $4 million USD worth of Ethereum for his “High Interest Blockchain Certificate of Deposit… also being called a scam. Make sure to do your own research (DYOR) before investing any of your money.

The system reportedly allows users to earn interest payments on the HEX they hold. Heart claims that a yearly ROI could be as much as 369% depending on the number of people staking HEX tokens via smart contract. These rates of returns will, in theory, attract new people to stake HEX and this demand will result in a rapidly surging price.

There are two methods by which someone can take exposure to the ERC-20 tokens. The first is by making a claim on Bitcoin held in a personal wallet prior to a snapshot taken at the start of this month. Each Bitcoin held will award 10,000 HEX with the number declining the longer from the snapshot they leave it before making their claim.

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