Posts Tagged ‘Kraken

Kraken, one of the big crypto exchange is finally back online after an extended downtime of over two days due to problems experienced during scheduled and long overdue upgrade of the trading system. The long period of downtime for the popular exchange, especially among European users has caused a lot of different rumors and speculations to circle around, even though the exchange has tried to assure users that all funds are safe. The main concern was that people did not have access to their funds stored on the exchange and within turbulent market that could mean a lot of potential losses, especially for day traders. Anyway, the good news is that no funds were lost and any transfers of crypto to the exchange during the downtime should also be available in the user’s balances.

Do note that all orders have been cancelled prior to trading resuming and all trading pairs were launched with no orders on the books, so be extra careful at the moment when placing orders, especially for sales or buys with market price. Withdrawals are currently disabled and will remain disabled for a minimum of 12 hours, for fiat or crypto deposits (initiated before, during or following the downtime) users should allow up to 2 additional business days for funds to be credited. Kraken has also activated zero fee trading for all clients (across non-margin trades) starting today and lasting through the end of this month (January) as an excuse for the caused trouble with the long downtime.

Update: It seems that not all issues have yet been resolved and soon after getting back online the exchange has taken down trading until they resolve a problem with the order book data not being displayed properly.

etherscan-augur

It has been a bit over 1 year since Augur has finished with their crowdsale of Reputation Tokens (REP) for their decentralized prediction markets platform. Augur has already sent the Reputation Tokens (REP) to everyone that participated in the crowdsale sometime today, even though their platform is not yet live (still in beta). The prediction markets platform is expected to be ready and launched probably by the end of the year, though exact date is not yet set.

The total supply of Augur Reputation Tokens (REP) is 11,000,000 REP (eleven million). The total number of token holders at the time of distribution is apparently 2516 based on unique addresses. If you have participated in the Augur crowdsale you can check if you have received your tokens successfully already.

How to check if you received your REP tokens:
1. Open https://etherscan.io/token/REP
2. In the field “Filter By Address” enter your Ethereum Wallet Address
3. You need to use the ETH Wallet address that you set in the Augur crowdsale
4. There should be a transaction and you need to check if the Value (REP) is the right one
5. Do note that if you have not participated in the crowdsale last year no REP tokens will be shown

The Augur REP tokens however will be available for trading on exchanges even before the official launch of the platform and there are already announcements from exchanges that they will be supporting REP token trading. The first exchange to announce Augur REP token support is apparently Kraken. The exchange is introducing the following trading pairs for Augur Reputation Tokens (REP): REP/XBT, REP/ETH, REP/EUR, REP/USD, REP/CAD and REP/JPY, though we are probably also going to soon see more exchanges. If you have missed the crowdsale of REP tokens last year now could be your chance to get some by trading them on exchanges. The expectations from the Augur platform are pretty high already, and the amount of money that users invested in the project during the crowdsale phase was tremendous…

ny-bitlicense

New York’s controversial BitLicense has driven away two more Bitcoin exchanges away from NY, these are Kraken and Bitfinex who are not going to be applying for the BitLicense at this time. Both exchanges will stop servicing clients living in the state of New York in order to avoid complications due to the financial regulation change. Another large Bitcoin exchange, namely BitStamp, apparently has plans for applying for a BitLicense in order to be able to continue to operate in New York. The biggest concerns that people have with the BitLicense regulations is regarding their privacy and since Bitcoin and crypto currencies are more privacy oriented it is no wonder that crypto currency businesses decide to get out of NY instead of applying for BitLicense.


top