Liquid Virtual Asset Exchange Stops Crypterium (CRPT) Trading As A Result Of Doubtful Activity
Virtual asset exchange Liquid has for the time being put off trading in Crypterium (CRPT), native currency of a payment system which is based on the innovative blockchain technology. The trade in CRPT was suspended as a result of a doubtful order which was placed recently. Currently, the exchange as well as the team behind Crypterium are working to sort out the matter before commencing trading activities again.
The innovative trading stand of Quione also known as Liquid, resolved to suspend the buying and selling of CRPT following a trade which was carried out accidentally. One trader erroneously sold 30,000 CRPT on Sunday evening. The placement of the order resulted in an unexpected crash in the price to BTC 0.00000699. The situation was explained by the team behind the crypto via a post on Telegram.
A couple of days ago, there was a merger between Qryptos and Quionex, which led to the setting up of Liquid. CRPT also migrated from Qryptos to the innovative exchange. In many ways, the Liquid exchange makes use of a circuit breaker, which is an instrument used in observing markets constantly. The moment the tool is triggered, the circuit breaker is instantaneously incapacitated.
Explanations given by the CRPT team suggest that the available information on Coinmarketcap (CMC) seems not to be accurate since the site could have received the incorrect information. Crypterium was being sold at $0.31, indicating a rise of slightly over 32% on day to day basis. This is accordance with the CMC earlier this week.
The virtual asset was traded at BTC 0.00004940, which indicated a gain of over 32%. On the other hand, according to HitBTC, the largest Crypterium market, the price went down by 1.18%, which is BTC 0.00004949.
In conjunction with Bitcoin, HitBTC is also known for providing CRPT transaction pairs with Ethereum. All these are in accordance with CMC. It should however be noted that the exchange information does not indicate any kind of support for such a pair. During the month of July, CMC altered its listing set of rules. This was done in order to counter the many fake volume concerns which were prevalent in the system.
On Monday, the team behind Crypterium issued a warning via Twitter, concerning a scam which involved allegations that the project was giving away Ethereum. Crypterium is a virtual asset startup which was launched last year.