Posts Tagged ‘Kraken’

More Bitcoin Exchanges React to the BitLicense

9, Aug 2015

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.

Kraken Dark Pool For Large Bitcoin Orders

11, Jun 2015

kraken-trading-charts

The online Bitcoin exchange Kraken has just introduced a new feature called Dark Pool that allows clients to discreetly place large Bitcoin orders and execute against similar sized orders at potentially better prices. The Kraken dark pool is an order book not visible to the rest of the market. Each trader only knows their own orders. Traders can anonymously place large buy or sell orders without revealing their interest to other traders. Typically, outsized orders, when seen by other traders will cause the market to move unfavorably, making it more difficult to fill the order at the desired price. This unfavorable price movement may be avoided in a dark pool.

Kraken will charge an extra 0.1% for dark orders. Dark pool trading is available to all Kraken clients with accounts verified to Tier 2 or higher. The minimum dark order size is 50 Bitcoins and only limit orders are supported. The dark pool will accept orders for trading between Bitcoins and EUR, USD, JPY or GBP. Dark pool pairings are designated by a “.d” extension (e.g. XBT/EUR.d or XBT/USD.d).

You Can Now File your MtGox Creditor Claim with Kraken

22, Apr 2015

kraken-mtgox-bankruptcy-claim

As announced in November last year, Kraken was selected by the MtGox trustee after extensive and objective review to assist MtGox creditors in investigating missing Bitcoin, filing claims, and distributing remaining assets. Now Kraken is accepting MtGox creditor claims and offering up to $1 million in free trade volume per creditor as a bonus for claiming funds through Kraken. The claim and payout service through Kraken is available in all areas of operation, including all US states.

Creditors claiming funds with Kraken can expect the following benefits:
– 100,000 KFEE credits redeemable for up to $1 million in free trading volume at the lowest fee tier of 0.1%
– Creditor claim and payout support with live chat and email
– Option to receive funds in the form of Bitcoin
– An easier and more convenient process from claim to payout

Note that you are not required to file your claim through Kraken and can instead elect to make your claim through the alternative system provided by the MtGox trustee, but Kraken has already proved to be a trusted and reliable service, so we are filing our MtGox claim through them. If using Kraken, then your Kraken account must be verified to Tier 2 or higher to make a claim, so make sure you have already verified your account up to that level at least. If you have a claim to file, you can get started by logging in to your Kraken account, and following the instructions under the “MtGox Claim” tab. Do note that filing your claim through Kraken does not guarantee that you will be getting back all your funds and Bitcoins that were available in your MtGox account!

mtgox-online-bankruptcy-claim-service

Once you initiate the claim procedure you will need to first visit the dedicated MTGOX online bankruptcy claim filing system where you need to provide your username and password for MtGox. You will be getting a temporary authentication code to your MtGox registered email address to verify your identity and set a new password to continue. Then you can switch back to Kraken or continue using the claims system on the MtGox website. When you are back on the Kraken website you will need to fill in some personal details and answer some additional questions before you can complete your claim filing procedure. After that all that is left for you is to wait…


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