Archive for the ‘Crypto News’ Category

kraken-eur-doge-makert-data

Some really good news for people mining and trading DOGE, one of the best so far crypto currency exchanges for people based in Europe – Kraken has added DOGE to EURO trading (DGE/EUR) and DOGE/BTC though they call it DGE/XBT, along with DGE/LTC, NMC/DGE and USD/DGE. Kraken are famous for their really fast service for Depositing and Withdrawing using SEPA transfers in EU and they are really setting up a high standard to other exchanges especially if you compare them to MtGox that are the benchmark for SLOW deposits and withdraws and other various issues as we’ve seen. Of course the Kraken exchange is not that big as MtGox and since DOGE trading is really new there the volume can be low at first but in just a few days things will probably get moving quickly as more people start trading DOGE there. And while this happens you can register and get your account verified in order to lift the initial restricting limits that you have set at the exchange.

You can check out the Kraken cryptocurrency trading platform by clicking here….

mtgox-exchange-rate-still-going-down

In a previous statement regarding the situation with the suspended BTC withdraws at MtGox the company has said that this Thursday (today) they could restore the normal operations including BTC withdraws as they have worked on a workaround to prevent fraudulent use of the reported malleability issue with BTC transactions. Today however they have released an update on the situation and they still haven’t restored normal BTC withdraw operations while meanwhile the exchange rate of BTC at MtGox continues to fall and is closing to $100 USD mark. The good thing is that the exchange rate of BTC in other major exchanges has stabilized already and is not affected that much by MtGox’s very low rate because of the BTC withdraws being suspended there for a while already. Below is the official statement from MtGox from today:

Thank you for your patience this week while we are working on re-initiating bitcoin withdrawals. In addition to the technical issue, this week we have experienced some security problems, and as a result we had to relocate MtGox to our previous office building in Shibuya (details can be found here https://support.mtgox.com/home). The move, combined with some other security and technical challenges, pushed back our progress.

As much as we didn’t want to only provide an “update on an update”, this is the current status. We are committed to solving this issue and will provide more information as soon as possible to keep everyone in the loop.

We are very sorry for the delays and deeply appreciate your kind understanding and continuous support.

Best regards,
MtGox Team

litecoin-hashrate-new-difficulty-change

Litecoin (LTC) difficulty has gone up again for the next 3 days. After DOGE coin moved past block 100000 and the reward per block was halved and the recent fork on the DOGE network accompanied by panic sell from some users things are finally getting back to normal. What also helped for that was the adjustment of difficulty for the LTC, going up by a bit more than 19% to 3207 has made DOGE much more profitable to mine at the moment. The DOGE difficulty has also decreased a bit, so as soon as the pool you are were mining DOGE has updated their DOGE software you can move back to mining DOGE again. Another good thing with the increase of the DOGE profitability, our new favorite backup pool LTC Rabbit has again started mining alternative cryptos such as DOGE and pays alt coin bonus after a few slow days with only LTC being mined. For the moment the alt coin bonus payed in LTC is small, but it should increase more after the next 4 hour shift is over due to the increase of DOGE profitability. Hopefully things with the recent BTC exchange issues will continue moving in the right direction and we should see the exchange rates for bot LTC and BTC starting to get back to their normal levels.


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