Archive | Kraken

Kraken, ShapeShift CEO Condemn New York For Unfair Cryptocurrency Business Treatment

The New York Attorney General office launched a fact-finding inquiry to discover how the cryptocurrency exchanges work and what they’re doing to fight bots, money laundering, and market manipulation. Erik Voorhees, CEO of ShapeShift, and Jesse Powell, CEO of Kraken, denounce the “questionnaire” as hostile to cryptocurrencies and business, in general. Kraken CEO Slams New York Attorney General for ‘Hostile’ Inquiry Eric T. Schneiderman, the New… […]

Bitcoin Price Watch: Currency Jumps Back to $8,100

At press time, bitcoin has recovered to $8,100 after trading between $7,900 and $8,000 24 hours ago. One of the primary reasons for yesterday’s $400 drop may be Kraken’s recent announcement that it was pulling out of Japan. The San Francisco-based cryptocurrency exchange previously entered the country’s digital currency arena to assist Mt. Gox, the […]

Cryptocurrency Exchange Kraken Withdraws from Japanese Market

Cryptocurrency exchange Kraken is suspending all of its services to Japanese residents. The exchange has been allowed to operate in Japan while its application with the country’s financial regulator is being reviewed. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Kraken Pulling Out of Japan Kraken announced on Tuesday the suspension of its services […]

Kraken to Suspend Trading in Japan due to Rising Costs and Low Volume

Japan is a very important country to cryptocurrency companies. With its open-minded regulation and positive approach to cryptocurrencies, there are a lot of benefits to this region. Surprisingly, the Kraken trading platform is ceasing its service in Japan very soon. This sudden decision is the direct result of rising costs associated with offering services to… […]

Bitcoin Price Watch: Bulls Are Back as Currency Reaches $8,100

Bitcoin is on the rise. After yesterday’s impressive surge to $7,600, the currency has once again defied all odds and spiked beyond the $8,000 mark. At press time, bitcoin is trading for just over $8,100, and is once again reminding enthusiasts of why they got involved in crypto-trading in the first place. The currency had […]

Study Finds $3B Worth of Faked Cryptocurrency Volumes and Wash Trades

On March 10 a cryptocurrency trader and researcher published a report on how he believes $3 billion worth of cryptocurrency trade volumes, primarily from a couple of exchanges, are concocted. The author of the study, Sylvain Ribes, alleges that the exchange Okcoin has been fabricating up to 93 percent of its trade volumes. Also read: Thailand […]

Bittrex Adds Tether Competitor TrueUSD as Regulation Rumors Persist

As the saying goes, don’t keep all your stablecoins in one basket. Over-reliance on tethers could prove costly to an exchange such as Bittrex if U.S. regulators were to crack down on the controversial stablecoin. This week, Bittrex added a second stablecoin in the form Trueusd, in a move seen as a hedge against future […]

Major Cryptocurrency Exchanges Halve Bitcoin Withdrawal Fees Due to SegWit

Some of the largest cryptocurrency exchanges in the global market including Binance and Kraken have halved bitcoin withdrawal fees due to the rising adoption of scaling solution and transaction malleability fix Segregated Witness (SegWit). SegWit Adoption Last week, Coinbase, a major bitcoin brokerage and wallet platform with over 12 million users, along with leading cryptocurrency […]