Lis 22

Kraken ‘Named’ in SEC Investigation, Calvin Ayre Claims as Bitcoin Cash Forks Go Live

The controversy surrounding the Bitcoin Cash (BCH) hard fork is increasingly engulfing cryptocurrency exchange Kraken as the altcoin’s proponents take aim at its treatment of its two forks.

Deposits, Withdrawals And Up To 30 Confirmations

After BCH split into ABC and SV forks, Kraken opted to keep the BCH ticker to describe ABC, crediting users with SV tokens while describing it as an “extremely high risk investment.”

SV has suffered a tumultuous first few days as a standalone fork of BCH, a blockchain reorganization sparking claims of overt centralization from some of Bitcoin’s best-known names.

Since trading opened on Kraken, SV tokens have changed hands for less than $30. Deposits and withdrawals begin today, subject to 15 confirmations for ABC and 30 for SV.

Ayre: Kraken ‘Mentioned’ in SEC ‘Investigations’

Retaliating on social media, SV proponent Calvin Ayre hit back at Kraken’s decision to use the BCH ticker for rival chain ABC, further claiming that both entities were part of unnamed legal proceedings by US regulators.

“(My) current prediction is that ABC chain will collapse and BCH will remain Satoshi Vision as the most likely outcome of the hash war,” he wrote on Twitter November 21.

Criminal and SEC investigations are under way in the US based on docs leaked to us. Kraken named also.

bitcoin cash calvin ayre

Ayre did not provide evidence for the accusations, which he’s promising to release “next week.”

While Kraken has yet to publicly react, Ayre’s words could well end up buried beneath the mountain of rhetoric, which has emerged on social media from all parties in the BCH debacle over the past week.

SV sources have been particularly vocal, nChain chief scientist and self-proclaimed Satoshi Nakamoto Craig Wright accusing ABC’s lead figures of myriad transgressions.

“You are my enemy,” he allegedly told owner Roger Ver in an email before the hard-fork.

BCH recorded the biggest drop of all the top twenty cryptocurrencies by market cap over the past 24 hours at around 7.5 percent, data from Coinmarketcap shows.

What do you think about Calvin Ayre’s accusations? Let us know in the comments below!

Images courtesy of Shutterstock,

Zář 26

Lamassu Unveils New Line of Bitcoin, Cryptocurrency ATMs

On September 24th, Lamassu announced the introduction of their new line of cryptocurrency ATMs to the public. Lamassu calls its new line of ATMs, “Sintra.” The ATMs herald a new line of ATMs as another crucial step in crypto’s march towards widespread consumer use and accessibility. 

Growing Industry

According to, there are currently roughly 3,750 crypto ATMs installed worldwide. Lamassu has been producing cryptocurrency ATMs since 2013 when they produced their first, which was called the Bitcoin Machine.

While that number sounds impressive, and the number of the crypto ATMs installed continues to grow steadily, it is important to put that number in context. Information from, for example, indicates that there are over 5,500 bank-owned ATMs in New York State alone. Crucially, this ATM count does not include independently managed ATMs at convenience stores and other retail locations.


Pricing for the new crypto ATM’s ranges from 5,200 EU for the cheapest Duoro II model, to 8,900 EU for the highest price Sintra Forte model. The mid-priced Sintra model costs 7,500 EU. The Duoro II model is the newest model of Lamassu’s original Crypto ATM, and features one-way fiat to crypto conversion, while both the Sintra and Sintra Forte feature two-way conversion.

The new models offer a bevy of features, designed to make buying and selling crypto through the machines as painless as possible. The machines feature a sleek, futuristic look, and are all crafted in Portugal. The body of the machines is crafted out of 2.5mm steel for extra durability.

Owners of these machines can configure their ATM’s to take almost any major currency, and support conversions from fiat to Bitcoin, Zcash, Ethereum, Bitcoin Cash, Litecoin, and Dash.

While Lamassu does not directly facilitate transactions on the ATM, it does offer a backend exchange trading engine that can steer conversions to liquidity providers. Lamassu’s engine is currently connected to BitPay, Bitstamp, Kraken, and Coinbase.

Fees and Regulatory Issues

ATM operators have control over the fee structure charged by their machines and can profit by either charging direct fees or adjusting the spread charged by their liquidity provider.

On Lamassu’s website, the estimates indicate that a machine needs roughly $800-$1,000 worth of daily transactions to break-even. Lamassu estimates that the average monthly turnover on their machines is roughly $20,000 and rising.

The Sintra line of ATMs features numerous compliance features, but investors interested in purchasing and managing a machine need to do their due diligence regarding the legality of operating an ATM in their jurisdiction.

Prospective ATM operators in the United States must ensure they are following both federal and state laws. Bitcoin ATMs would currently fall under the criteria of “Exchangers,” according to the Financial Crimes Enforcement Network. In turn, they must register as “Money Service Businesses.” If you are interested in purchasing a machine in the United States, this primer is a handy starting point.

As interest in Crypto continues to grow among the retail investing community, ATMs will likely be a key “on-ramp” for investors into the crypto industry.

What do you think of Lamassu’s New ATMs? Let us know in the comments below!

Images courtesy of Bitcoinist archives, Shutterstock,

Čvn 02

Spoofed Kraken Email Is A Mt.Gox Victims Phishing Attempt

Source: bitcoin

Bitcoinist_Email Phishing

It appears as if there is a phishing email making the rounds regarding the ongoing Mt. Gox investigation. These emails are allegedly coming from the Kraken exchange, and contain a link to a Google Drive file.

Also read: Six Russian Banks Lose US$25.7m To Hacker Collective

That file supposedly holds the list of all accepted and rejected Mt. Gox claims, but there is a likely chance this is an attempt to infect users with malware or ransomware.The incident was initially reported on the Bitcoin subreddit and seems to be targeting email address found on the Bitcointalk forum.

Malicious File Claiming To Hold Mt.Gox Information

What is even more disconcerting is how these messages allegedly are coming from the Kraken exchange platform. People who have been following the Mt. Gox bankruptcy proceedings will recall the exchange was appointed to aid in collecting affected customer’s claims for the trustee.

The phishing email contains a link to a Google Drive file, which should hold a list of all accepted and rejected Mt. Gox claims. It is not the first time a document like that is trying to make the rounds among Bitcoin members. The real information can be found here. Users should always be extra careful when facing these types of files and documents, as there is a high chance someone wants to hack your computer and steal your Bitcoin.

What is rather strange is how these emails are allegedly only sent out to members of the Bitcointalk forum, rather than those who have filed a Mt. Gox claim. There will be plenty of forum members who are affected by the defunct exchange. However, the vast majority of users may have used a different email address, which raises a lot of flags regarding this phishing attempt.

It is unclear as to why these messages are being sent to Bitcointalk users, or where the assailants got the email list from in the first place. Moreover, not every member of Bitcointalk has received the message to their email address on file either. A very strange phishing attempt, to say the least.

Did you receive a similar phishing email in the past 48 hours? Let us know in the comments below!

Source: Reddit

Images courtesy of Kraken, Shutterstock

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Spoofed Kraken Email Is A Mt.Gox Victims Phishing Attempt

Kvě 25

Kraken Details the Latest Mt Gox Creditors Meeting

Source: bitcoin

Mt Gox

The leading cryptocurrency exchange Kraken and Tokyo’s court-appointed trustee has announced the current status of all Mt Gox claims have been determined. For the first time, thousands of claimants will be able to see if their claim has been accepted and will soon be processed.

Also read: Blockchain-based Remittance App AirPocket Comes To Latin America

The Mt Gox Creditors Meeting in Tokyo Determines All Claims

The San Francisco-based Kraken has revealed the news today concerning the long awaited Mt Gox claims. During the creditor’s meeting in Tokyo, Trustee Nobuaki Kobayashi has detailed that over 24 thousand claims were filed. Out of all the claims, a very interesting application of 260 trillion yen by one individual is “likely to be denied.” Kraken states in the announcement what will be released:

“Overall, the amount of bitcoin held by the MtGox estate is approximately 202,185 XBT, or $91,185,435 USD at today’s bitcoin price of approximately $451, which Kraken will help to distribute.”

The report also notes that the investigations are still ongoing with the Trustee is working with the Tokyo Metropolitan Police Department concerning the case and Mark Karpeles. Not only is Kraken working with investigators but the team also has help from Deloitte and ReEx Accounting looking for possible other lost Bitcoins. Kraken says details of the investigations will remain classified along with the addresses from Mt Gox records. Trustee Nobuaki Kobayashi explains the latest revelations:

“My office and my partners on the Kraken team worldwide are proud to report outstanding news to thousands of MtGox creditors. During our thorough bankruptcy investigation, we have carefully reviewed over 24,000 individual claims and made individual determinations on their validity. In the near future, claimants will be able to browse the MtGox claims website to confirm their status. While the detailed schedule will inevitably be affected by each creditor’s response, we wish to proceed to the distribution process as soon as possible.”

Kraken’s CEO Jesse Powell told the press, “Kraken is honored to provide support to the Trustee on behalf of the community and Mt.Gox clients.” The exchange is pleased with the announcements from the creditors meeting today and look forward to returning assets to customers who suffered losses. Powell says Kraken will be there for the long haul, and the exchange will “continue to offer our assistance wherever possible, and I look forward a speedy resolution from here.”

What do you think about the Mt Gox claims being determined by the creditors meeting? Let us know in the comments below.

Images via Kraken, and Pixabay


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Kraken Details the Latest Mt Gox Creditors Meeting

Kvě 11

Kraken Launches ETH Dark Pool Trading

Source: bitcoin

Kraken Launches ETH Dark Pool Trading

The global Bitcoin and digital asset exchange Kraken has announced it will be the first and only exchange enabling clients to use the (ETH) Dark Pool Trading. The Dark Pool allows users to “discreetly” place large trading orders without exposing the order book to the public.

Also read: Bitcoin is Back: Price Rises Nearly $15, Returns to $460

Kraken Adds More Ethereum Support to it’s Exchange

Kraken has noticed that Ethereum has been on the rise lately both in value and trading volume. The exchange has offered dark pool trading before but  CEO Jesse Powell said now was the perfect time to add an Ether Dark Pool to Kraken’s leading range of services for digital asset traders. The company says it’s hard not to notice the exponential trading activity Ethereum has brought to the industry. The exchange notes that Ether’s price has advanced by 10X in value over the course of 2016. CEO Jesse Powell states in the announcement:  

“Kraken is proud to be the first exchange to provide clients with a Dark Pool for Ether, a strategic option for professional traders. This year, trading volume for ether has dramatically increased on Kraken’s exchange, and we developed the Ether Dark Pool to bridge the gap between our lit order books and over-the-counter desk,”

Customers on the exchange will now be able to view up to six Ether dark pool currency pairs, with the option to exchange Ether for bitcoin (ETH/XBT.d), euro (ETH/EUR.d), United States Dollar (ETH/USD.d), Canadian dollar (ETH/CAD.d), pound sterling (ETH/GBP.d), and Japanese yen (ETH/JPY.d). Similar to Kraken’s initial dark pool trading the fees will be about 0.20% to 0.36% depending on the user’s volume.

Alongside this announcement Kraken has launched some “major enhancements” to its margin trading platform. The company has increased leverage opportunities for ETH/XBT (up from 2.5x to 4x) and the addition of support to three pairs: ETH/EUR, XBT/USD and ETH/USD, all with up to 3x leverage. Ethereum’s native token will also become a margin currency for the Kraken exchange. This means that clients can use their Ether holdings as collateral for this type of trading. Unfortunately, United States residents are unable to participate with the margin trading platform.

The news follows Krakens new position settlement feature that premiered on May 4th. Position settlement allows users to return advance money that is borrowed from margin trading. The service is free of charge and the company says it will eliminate large impact on those trading with this service. Powell explains the new trading vehicles saying:

“The details get technical but there are two important takeaways when it comes to dark pool and margin trading. If traders are looking to move large sizes without affecting the market, they trade dark on Kraken. If traders want to keep fewer assets on account and they want less exposure to funding delays, they trade with margin on Kraken. These services together with our OTC desk reflect the growing professionalism of our client base and our exchange.”

Kraken’s new enhancements should add more variety and borrowing power for its clientele. The company says it has a lot more to come as they have said in the past; 2016 will be the year of the Kraken. Bitcoinist will keep our readers informed of the firm’s latest services and features as the year continues.

What do you think about Kraken adding (ETH) Dark Pool Trading? Let us know in the comments below.

Images courtesy of Kraken and Pixabay 


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Kraken Launches ETH Dark Pool Trading

Dub 25

Industry Report: Kraken, Others Receive Large Investments

Source: bitcoin

Bitcoin Investment Trust

Want to see what’s new in the world of cryptocurrency? This week, we saw big investments coming into the Bitcoin ecosystem, notably a funding round from Kraken. Take a gander at some of the latest stories:

Also read: Hullcoin Leads This Week’s Digital Currency News


It’s a week of investments for cryptocurrencies as Bitcoin exchange Kraken received a hefty sum during its Series B stage of financing from Money Partners Group in Tokyo, one of Japan’s leading foreign exchange brokerages. The firm holds nearly 300,000 clients and boasts a market cap of over $250 million. Kraken had also previously received a “multi-million dollar agreement” from Japanese capital firm SBI Investment last February.

Japan has had a rocky past with bitcoin granted its history with Mt. Gox and the arrest of Mark Karpeles, but the country is allegedly trying to recover from the dark stain on its financial past and move towards lighter ground, and Kraken is now serving as its fiscal partner.

Kraken CEO Jesse Powell expressed enthusiasm regarding the investment, explaining:

“Our new relationship with Money Partners Group is a huge win for Bitcoin and Ethereum awareness and adoption around the world. The results we will achieve together will show other financial institutions why they should embrace digital assets and blockchain technologies.”


Gold-backed digital exchange Digix raised millions of dollars in just a matter of hours through an Ethereum blockchain crowdsale, purportedly the first of its kind. Funds will be used to create one of the first Decentralized Autonomous Organizations by DigixGlobal Ltd, which according to CryptoCoinsNews will, “employ a proof of asset (POA) protocol to back Digix tokens (DGX) with ’99.99% London Bullion market Association (LBMA) approved gold.’”

RUSSIA (again)

It seems like Russia’s stance on bitcoin and related currencies is really easing up. In our previous industry piece, we looked at how the nation was allegedly developing plans for a future digital currency that the country could declare all its own. Now, Russia is holding a cryptocurrency conference titled, “Electronic Currency in Light of Contemporary Legal and Economic Challenges.” The event is slated to invoke study of the problems cryptocurrency poses and how best to deal with them.

Among those invited to the conference include leading scientists and members of Parliament. Bitcoin entrepreneurs and representatives from the Russian Civic Chamber are also scheduled to make appearances.

Would you like to see a particular story recapped in one of our weekly industry articles? Let us know which ones below!


Images courtesy of &

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Úno 22

What’s Causing Bitcoin’s Current Bullish Run?

Source: bitcoin

What’s Causing Bitcoin’s Current Bullish Run?

The price of Bitcoin has been trending upwards for the past couple days giving some people the opinion that it is in a bullish phase. The value of the cryptocurrency has been quite eventful as it had been sitting at USD $375 over the past couple of weeks until just recently bumping up over the $400 mark. On the 21st of February, the price had touched $450 per BTC and seemed to be edging towards the $500 mark. However, the market value hit resistance and now is hovering in the $425-435 range.

Also read: Linux Mint Backdoor Puts Users and Bitcoin Miners at Risk

Bitcoin’s Bullish Run Trends Upwards

A few publications including Forbes believe that it’s possible the recent Miners agreement, and the Bitcoin Classic node adoption has increased the price. Sentiment has seemed to be in good spirits from some camps and others have been negative about the two subjects. Speculation on the fact that these two proposals are lifting the price doesn’t seem to be the case as both sides still have disagreements. The early discussions of consensus possibly coming to a conclusion could be making the price rally, but it’s not too clear if this is the reasoning behind it. There have been a few positive write-ups by mainstream media at times but nothing too sensational that has seemed to be the direct cause of the price spike.

Others have felt that institutional awareness has brought the price up a touch from corporate entities such as Microsoft and IBM. However, these two companies in particular and a whole slew of other businesses have clearly established they are not too interested in the Bitcoin blockchain. Most of these firms are creating and using other distributed ledgers that are permissioned by design. Some are using altcoin blockchains such as Ethereum, and this has caused a spike in price with ETH bringing it just below Bitcoin’s market capitalization.

As said above a few Bitcoin announcements have been made that have created enthusiasm within the crypto-community such as Steam integrating the digital currency. Other announcements like the fast-food restaurant Burger King accepting the virtual money in “Bitcoin City” of Arnhem has also made headlines. One positive outcome this past week was an announcement from Kraken explaining that the Mt Gox bankruptcy claims were moving along making “significant progress.” 21inc has revealed some new Bitcoin developments with its 21 computer such as a fee prediction service and micropayment platform. Despite the few announcements concerning the digital currency most news in the industry pertained to just blockchain technology.

As the Bitcoin Reward Halving Approaches Hashrate Decreases

The Bitcoin price after rallying to the $450 mark has corrected but shows there still may be some uptrend in the near future. There could possibly be a second spike shortly with current Relative Strength Index (RSI) levels looking positive. The value could still make it to the sought after $500 mark this week if it can eat through market resistance. The weekly chart looks like a steady bullish trend, and the 4-hour chart look as though there may be a breakout but it may go downward.

The upcoming reward halving is taking place soon, and miners are getting prepared for this as we speak. Many believe there currently is a shift in the mining space due to the changes coming, and some say this has, in turn, lowered the hashrate at the moment. At press time, we are seeing a slight advance from last night’s drop so a second run up may be coming soon. Currently, the price is at $438 per BTC via Bitstamp at the time of this writing.


What do you think about what’s causing the upswing in Bitcoin price? Let us know in the comments below.

Images courtesy of Pixbay,, and


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What’s Causing Bitcoin’s Current Bullish Run?

Led 20

BitGo Instant: ‘Eliminates Bitcoin Transaction Delays’

Source: bitcoin


PALO ALTO, CA — Today, BitGo announced the launch of its new service, BitGo Instant. BitGo claimed that this service is “the world’s first way to safely receive zero-confirm Bitcoin transactions with a full financial guarantee. Along with the announcement of its launch, BitGo reported that it has a “strong list of initial partners,” to recognize the zero-confirmation transactions. These partners include, Bitfinex, Bitstamp, CoinHako, FoldApp, Genesis Trading, Kraken, ShapeShift and Unocoin. 

Also read: Protect Yourself From these Based Scams

BitGo Instant: A Guaranteed Zero-Confirmation Transaction

BitGo Instant with a multi-signature wallet implementation. BitGo Instant wallets consist of 3 keys: one held by BitGo, one held by the user, and one held on behalf of the user by a third-party Key Recovery Service (KRS). Two signatures are required on every transaction on a BitGo wallet, and in the usual case this would be done by BitGo and by the user. BitGo claimed that it will never co-sign a transaction that is a duplicate spend, leaving only the possibility of the user and the KRS “conspiring” to double spend. BitGo will attempt to prevent this by having a contract with any KRS it uses that requires the KRS to give BitGo advance notice of any signatures it makes.

BitGo has guaranteed these zero-confirmation transactions. In the event of financial loss from a BitGo Instant transaction, the company said that customers will be able to file a claim and will “be compensated in full by BitGo.”

The company is marketing its new service as a good way to avoid losing value to bitcoin’s volatile exchange rate. According to BitGo, it was unsafe to accept zero-confirmation transactions before its BitGo Instant service, because it was “possible for the sender to spend the money elsewhere before the transaction is confirmed.” This risk led many Bitcoin businesses to require multiple confirmations before crediting a deposit. BitGo said that these wait times were inconvenient and risky in themselves, because “in the volatile Bitcoin market, a delay in moving funds to an exchange can mean the loss of thousands of dollars on a large transaction.”

Bitstamp CEO Nejc Kodrič — one of BitGo Instant’s initial partners — was excited about the announcement of this new service. Kodrič told press:

“BitGo Instant is an elegant solution that lets users send bitcoin quickly and easily. Many bitcoin businesses would love to be able to accept zero-confirm transactions, but it’s been too risky to consider until now. We’re excited to be supporting this much-needed innovation from day one.”

BitGo is a multi-signature technology companies, and offers a suite of services aimed at facilitating secure bitcoin transactions. The company offers BitGo Enterprise, an enterprise-grade, multi-sig, multi-user Bitcoin wallet, and BitGo Platform API, a robust set of tools and services to access the underlying platform. BitGo recently announced handling of $1 billion of bitcoin transactions per quarter. The company was founded by veterans in online security, digital currency, and financial technology, and has raised more than $14 million in financing to date.

What do you think about BitGo Instant? Let us know in the comments below!


Featured image courtesy of BitGo.

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