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Leaked Audio:! Chinese Biggest Crypto-Whale Slams NEO, TRX, QTUM, Binance and Big.one

Li Xiaolai, one of the most important investors in the Chinese crypto sphere, broke the news today, but not for the reasons he would have liked.

It is rumored that Mr. Li is the person with the most Bitcoins in China, so it would be normal to see bullish tabloids associated with his name; however, today, a private conversation was secretly recorded and leaked. In it, Li Xiaolai slams several cryptocurrencies and even offends not only its creators but the general public.

Known for being a righteous man, the conversation, full of foul words, shocked the community. But more important than the way he talks is knowing what he thinks about several important projects:

Li Xiaolai about Lao Mao, CEO of Big.One:

“Lao Mao was a nobody; it is me who help him to be somebody in the crypto world.”

Li Xiaolai about Qtum

“Patrick Shuai’s Qtum is an “air coin,” it is me who helped him promote Qtum for six months. Because his scamming mode is simple. If he decided to develop DAPP first, I might have given no care.

Li Xiaolai about Adopters

Blockchain founders should be at least Internet Celebrity, fans-flow is the core competition, and other factors are all bullshit. As long as those idiots believe in you, there will be consensus and what you need to do is to continue cheating them.”

Li Xiaolai about NEO

…NEO is also a stupid project, worthless; if you were Wang Lijie [a famous angel investor in China], you would have sold them at 1.5 RMB. But why did its price went up so high? Just because some significant venture capital participated in it and hyped its price. Even Da Hongfei [CEO of Onchain Capital] himself is holding very little NEO…

Li Xiaolai about Tron (TRX)

After you have already achieved financial freedom, what keeps you moving on is you’re unwilling to let the No.1 feeling go. For example, there is a fraud exchange called Binance and a scammer called Justin Sun (Founder of TRON), how could you allow yourself to lag behind the?! You have to work harder and faster.

Li Xiaolai about Binance and CZ

Zhao Changpeng (founder of Binance) is not a good guy; he used to have dirty deals with Xu MingXing (founder of OKEX). He knows very little about technical issues. Binance made its name because all the crypto exchanges had to shut down upon the crypto ban last September in China, but he insisted on keeping Binance operating only for his Canadian nationality

The Responses:

He Yi, Cofounder of Binance:

“In a scammer’s eye, all others are scammers; in an idiot’s eye, all are idiots. Binance made its name by solid technology, products, and users. We surely have a lot to be improved, but the claim that CZ is not a good guy is too far and lacking in evidence. The emergence of such incident indicates that the industry has entered a period of stagnation, and someone’s out there using this to get attentions.”

Justin Sun, founder of Tron

He was again innocently hit by a scandal. While comments upon it were quite brutal saying “everyone knows you are a scammer, Li’s right on it

Patrick Shuai, founder of Qtum, responded with some solid counter argumentation:

Qtum is not an “air coin”, its mainnet has been launched in 2017 with more than 7,000 POS nodes in 56 countries.

Lao Mai CEO of Big.one

Don’t take it too seriously as a private conversation, and there are indeed useful points in it if dirty words are removed, after all, Li is an investor.

What does Mr. Li think of all this?

After learning that his conversation had leaked out, Li Xiaolai apologized for the language used. However, he never said he thought differently or apologized for categorizing the scam coins.
In a post from Weibo (a Chinese social network similar to Twitter), Li said the following:

“Very embarrassing … I swear a lot when speaking privately. I also like studying how to curse in various languages, for example, Americans can utter a sentence with all fuck words in a row: FUCK FUCKING FUCKER. I’d like to avoid those dirty words in public speaking, but in private, I don’t have to bother to please others.:”

See the full video here (Chinese Audio):

[embedded content]

Translations courtesy of 8btc and Asia Crypto Today

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Binance, Bitfinex and More To Support EOS (EOS) Token Swap

The current countdown to the EOS (EOS) MainNet launch reads 5 Hours, 9 Hours and 50 Minutes at the moment of writing this. At exactly 22:59:59 UTC on June 2nd, EOS tokens will become frozen on the Ethereum blockchain and the MainNet launch will occur shortly afterwords.

It is therefore with this background that Ethereum World News wanted to inform you of the known exchanges that will be supporting the token swap.

  1. Binance – The popular exchange made the announcement less than 8 hours ago that it will be supporting the token swap. EOS deposits and withdrawals will be suspended from May 31st, 0:00 am (UTC) and the swap will be initiated. The exchange also added two more trading pairs for EOS: EOS/BNB and EOS/USDT
  2. Bitfinex exchange reassured users that it will be managing all the technical requirements related to the swap to ensure a smooth transition.
  3. Kucoin exchange made the announcement via its twitter page and gave similar instructions of halting withdrawals and deposits on the 31st of May. The exchange also requested that you deposit your EOS onto their exchange as soon as possible for them to facilitate the swap for you. You can then withdraw your EOS once the swap is complete
  4. Cobinhood prides itself as being on of the few exchanges that do not charge trading fees for each transaction on the exchange. The exchange also announced it will be supporting the token swap just today
  5. BigONE exchange announced that it will be supporting the EOS swap two days ago on its website. The exchange has similar plans to suspend trading during the said time period
  6. Bitbns will be carrying out the token swap for its users with the exchange handling all the technical details
  7. Kraken made the announcement on its website that it will be supporting the token swap
  8. OCTBTC will also handle the swap on behalf of its users
  9. CoinSpot stated that they are ready for the swap
  10. OKEx will be also ensuring a smooth transition to the MainNet
  11. BitMart pledged its support for the token swap
  12. Mercatox will support the token swap together with all its technical intricacies
  13. Zebpay will be carrying out the EOS swap for its users
  14. and so will CoinDCX

Therefore, Ethereum World News has managed to find the above mentioned exchanges as the ones supporting the EOS token swap that begins on the 31st of May. All users are advised to transfer their EOS to these exchanges before then to facilitate easy token migration to the EOS MainNet.

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