Goldman Sachs Lynches LBRY

Goldman Sachs Lynches LBRY

As you may or not may know, recently, Poloniex announced it was going to delist LBRY Credits (LBC) on its cryptocurrency exchange. For obvious reasons, this took everyone by surprise. Although it had been speculated by a few sharp eyed people within the LBRY community multiple times, due to low volume trading, and lack of marketing to drive coin adoption, these concerns were never taken seriously as a possible scenario, yet here we are today, with this now being a reality.

At the time of writing this, LBRY Inc have had no explanation about why Poloniex had chosen to delist LBRY Credits from its exchange. The founder and CEO of LBRY Inc, Jeremy Kaufman told me that he had recently received a personal “answer” from Jeremy Allaire, the founder of Circle Internet Financial Limited, the Goldman Sachs funded startup that owns Poloniex. Unfortunately, the answer was just a repeat of the FAQ’s Jeremy had already received. “They have refused to say why”, Jeremy said.

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