The PayPal Bitcoin News Isn’t Entirely Bullish: Kraken CEO Explains

On Monday, the Bitcoin and crypto space saw one of the most positive news events in months. Citing three sources, CoinDesk reported that multi-billion-dollar payment giant PayPal is looking into rolling out cryptocurrency trades. A “well-placed industry source” said to the outlet: “My understanding is that they are going to allow buys and sells of crypto directly from PayPal and Venmo. They are going to have some sort of a built-in wallet functionality so you […]

Ethereum Transactions Take 44 Minutes to Clear Amid Market Chaos

Rushing to send coins to exchanges and DeFi platforms  has caused the Ethereum network to become heavily congested. High gas prices mean new transactions now have to wait up to 44 minutes to be confirmed. Market Crash Causes Panic-Driven Network Activity, Liquidations The recent market crash was also a stress test for networks, as immediately transaction activity picked up. The Ethereum network was the first to show a significant backlog, essentially clogging transactions for close […]

Kraken To Begin Fiat Trading, Will This Be A Game Changer?

On March 12 Kraken will launch Foreign Exchange trading across its global platform. This represents a bold step into the traditional financial space, and reflects the increasing professional development of cryptocurrency exchanges.  KRAKEN EXCHANGE PLANS STANDARD FOREX SERVICE Kraken will offer nine trading pairs, primarily between the most popular and active fiat currencies. The pairs include USD/GBP, EUR/USD, and EUR/JPY. The fees will be competitive, and based on those of its stablecoins when traded against […]

US Court Terminates Kraken, Bitmain, Roger Ver Lawsuit

After a year of appeals, a US court has finally granted a dismissal for the lawsuit of United Corp. against Bitmain, Kraken, Roger Ver and others in the crypto space. Bitmain, Kraken and Others Off the Hook For Now The lawsuit (United American Corp. Vs. Bitmain, Inc. et al), which called for a $4 billion compensation for the actions of the Kraken exchange, Bitmain, and Roger Ver, was dismissed. Now, United Corp. has the chanceRead More The post appeared first on Bitcoinist.com.

Bitcoin Cash Receives European Bank Custody Support

Bitcoin Cash will be available for purchase through Liechtenstein’s Bank Frick. The small bank, which has opened its services to supply leading crypto coins, will also offer BCH custody for clients. Bank Frick Offers Fiat Options to Buy Bitcoin Cash Bank Frick has finally added Bitcoin Cash to its list of supported crypto tokens, including BTC, ETH, XRP, and LTC. Now, customers will be able to purchase BCH with Swiss francs, euro, and US dollars.Read More The post appeared first on Bitcoinist.com.

Kraken Finds Critical Security Flaw in Trezor One and T Wallets

Kraken Security Labs has identified a critical security issue in Trezor hardware wallets which enables seeds to be extracted from the devices.  Kraken Finds Flaw in Trezor Wallets Kraken researchers claim they were able to access Trezor One and T wallet keys by manipulating the voltage in the micro-controller. These hardware components hold vital information, such as seeds, yet are not designed for such purposes. This vulnerability has been understood for some time, and hasRead More The post appeared first on Bitcoinist.com.

Bitmain, Roger Ver, Kraken Case: Judge Shows No Mercy to United Corp

US Judge McAliley has denied United Corp’s request for an extension to serve accusations to Bitmain and its CEO, Jihan Wu, citing the plaintiff has more than enough time to send the necessary documents across.  Bitmain and Others Get a Lucky Break The US court appears to getting fed up with the plaintiff in the high profile lawsuit against Bitmain, Roger Ver, Kraken, and others. United Corp., recently requested an additional 90 day extension periodRead More The post appeared first on Bitcoinist.com.

Kraken Exchange Reports Spike in Law Enforcement Requests

Kraken, one of the most sought-after exchanges, has registered an uptick in requests from law enforcement in the past year. There have been a spike of 49% in requests in 2019, as the exchange has been tested for illegal uses. Kraken issued the latest data in its annual compliance report. Kraken Marked the Most Requests from US Law Enforcement The requests from US law enforcement were once again the most numerous, though other regions gainedRead More The post appeared first on Bitcoinist.com.

Tezos (XTZ) Prepares to Enter Top 10 Coin List

Tezos looking to enter the top 10 crypto list

The Tezos (XTZ) rally may end up putting the coin among the top 10 based on market capitalization. XTZ is closing in on Stellar (XLM), possibly achieving a “flippening”. Tezos Project Gains Popularity The XTZ market price awakened in the past weeks, boosting the expectations for future appreciation. XTZ is getting wider adoption after the initial skepticism, and has improved on almost all ICO earnings statistics. $XTZ set to replace $XLM in the top 10

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Bitcoin Price Analysis: $9,800 Support Stops Price Freefall

Bitcoin

Over the last 3 Days, Bitcoin has dropped around $1,000 forming a tight descending channel. Bears are struggling to gain any momentum as price levels toy with key support around $9,850 as mentioned in my previous analysis. Bitcoin Hourly Chart On the 1 hour chart, we can see the newly formed descending channel as a result of the recent move from $11,000 down to around $9,900 just above key support at $9,850. POC (Point of

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Bitcoin Price Analysis: High Volatility Expected Again Soon

bitcoin

In the last 48 Hours, Bitcoin has broken to the upside as bulls attempt to regain control of price action. Price action tested the 50MA in today’s trading session and could propel price levels above $11,000. Bitcoin Price Analysis 4 Hour Chart On the 4 Hour chart, we can see the downtrend over the last 9 days formed a descending channel that was broken to the upside less than 48 hours ago. Since then, Bitcoin

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What’s Happened to Gemini Dollar? Supply Down 92% YTD

Gemini Stablecoin

Demand for Gemini exchange’s native stablecoin, Gemini dollar (GUSD), has dropped significantly over the last 7 months while other pegged-value assets continue to soar. Gemini Dollar Falls Behind The market capitalization of the dollar-pegged token has been on its way down since December 20, 2018. It has slipped from an all-time high of $103.106 million to $7.981 million at the time of this writing, marking a 92.25% drop in just seven months. The same period

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Bitcoin Price Analysis: BTC Bears Eye $8.8K Target

Bitcoin

Over the last 7 days Bitcoin price has plunged from highs of $13,200 to the current market price at $9,300. This drop has resulted in a clear descending channel forming on intra-minute timeframes. Current market price sits at visible range lows, so the question remains as to whether bears have enough control of the market to break the strong support around $9,000? Bitcoin Price Analysis 30 Minute Chart On the 30 Minute chart for BTC

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Bitcoin Exchange Kraken Raises $6M Equity Funding In 2 Days

kraken bitcoin

US bitcoin and crypto exchange Kraken has raised over $6.5 million in a matter of days as part of a new equity sale, data has revealed. Kraken Fundraiser Hits $6.55M According to a fundraising page on BnkToTheFuture, which Kraken is using to gather the funds, investors have already contributed €5.87 million ($6.55 million) of the total €9.13 million ($10.2 million) target. In doing so, Kraken has thus passed its minimum threshold of €5,552,073 as of

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4 Reasons Why Delisting BSV Was the ‘Right Thing to Do’ for Binance

binance dex

Binance delisting Bitcoin SV (BSV) is forcing other exchanges like Kraken and Shapeshift to follow. Let’s take a look at the implications of this unprecedented move for the world’s biggest exchange.  ‘Satoshi’s Vision’ Should Have Seen It Coming Yesterday, the biggest bitcoin exchange by volume, Binance, announced it would delist Bitcoin SV (BSV) in a stunning move. Citing the failure to meet high standards, CEO Changpeng ‘CZ’ Zhao pulled the plug on the altcoin claiming

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Kraken Offering $100K Reward for Discovery of QuadrigaCX Coins

kraken quadrigacx

Any idea of the whereabouts of the missing QuadrigaCX coins? Kraken is offering a $100K reward if you do. Kraken Continues to Self-Police the Industry Ever since inception, Kraken has made more efforts than most in the cryptocurrency space to fight against crypto theft. In the absence of stricter regulation, in fact, the Kraken history of self-policing the industry goes as far back as 2014. Kraken is giving up to $100,000 USD (fiat or crypto)

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Coinbase Cloud Storage For Private Keys Generates Wide-Scale Backlash

coinbase cloud keys

Cryptocurrency users and business figures alike are reacting with suspicion to a bizarre new security feature unveiled by US exchange Coinbase this week. Back Up Your Funds With ‘Just A Password’ In a blog post February 12, Coinbase announced traders and wallet holders could now store a back-up of their private keys using iCloud or on Google Drive. “You will only have to remember a password, that you decide, in order to recover your funds,”

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Kraken Spends ‘Nine Figures’ Acquiring FCA-Regulated Crypto Facilities

kraken

Cryptocurrency exchange giant Kraken announced today the high-profile and expensive acquisition of Crypto Facilities — an established cryptocurrency trading platform and index provider that is regulated by the Financial Conduct Authority (FCA).  Crypto Facilities is perhaps most notable for as the price reference source for the American financial market company CME Group Inc. Based out of London, the company was the first regulated entity — under the supervision of the FCA — to list Bitcoin

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Quadriga CEO Death – Funds Moved From ‘Lost’ Cold Wallets

A company with legal problems; a mysterious death; missing customer funds. The QuadrigaCX story could have come straight from the pen of a hack Hollywood writer. Well now, the internet’s faithful crypto-investigators, claim to have found evidence of transactions initiated from the supposedly ‘lost’ cold wallets. The Litecoin wallets, at least. Let’s Start With a Quick Recap QuadrigaCX is Canada’s largest cryptocurrency exchange, although it has just filed for creditor protection, following months of transaction delays. Customers

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Kraken Received 3 Times More Law Enforcement Requests in 2018

Kraken Introduces Block Trading OTC Option for Trades of $100,000 or More

Cryptocurrency exchange Kraken has revealed that it has received three times more law enforcement requests in 2018 compared to 2017. The overwhelming majority of requesting authorities is in the US.  A Chokepoint for Law Enforcement San Francisco-based cryptocurrency exchange Kraken has released an infographic displaying the increasing number of law enforcement requests received in 2018. As it turns out, the bear market is not the only thing to be concerned with. Evidently, the exchange has

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