Posts Tagged ‘Kraken’

The First Cryptocurrency Bank Coming from Kraken and Fidor Bank

17, Nov 2014

cryptocurrency-bank

The online exchange Kraken and the German bank Fidor have announced their plans for building the first cryptocurrency bank in the world in order to offer an alternative to the big banks for the crypto currency users and businesses. The goal of the Cryptocurrency Bank (BYSE Bank or BICONDO), which is not the final name as the users currently have the option to vote for the name of the bank on the official website, wants to make it easier for people that are involved in the Bitcoin ecosystem to save valuable time and resources and not worry that a traditional bank may stop servicing their personal or business accounts because they are used for operations with Bitcoin. We’ve seen this happening in some countries, even though there is no official ban on Bitcoin or crypto currencies in general, however if the traditional banks refuse to work anymore with you, then you don’t have many options left. Could this be a sign that traditional banks are beginning to see Bitcoin and other crypto currencies as a threat already or is it just because of pressure they are getting form the government or some other powers with different interest.

Regardless, the project that the German online bank and the cryptocurrency exchange does seem like a good idea and looks very promising. Kraken and Fidor Bank are currently looking for investors, service partners and cryptocurrency enthusiasts to help turning the idea for the cryptocurrency bank to a reality. On December 15th/16th the companies are organizing a workshop in Munich, Germany for the project and you can register until November 24th to attend it if you are interested. We like the idea about a cryptocurrency bank and Kraken and Fidor Bank may turn out to the just the right people to make it happen.

– For more information about the First Cryptocurrency Bank project…

The Tradewave Platform Now With Support for Live Trading

6, Sep 2014

tradewave-live-trading-available

Tradewave, a cloud-based trading platform using automated trading bots that you can create and customize has launched a live trading option as previously users were able to only create and backtest strategies (our brief check of the service). Tradewave is very similar in concept to the Cryptotrader service that we have reviewed already, however there are quite a lot of differences between the two. Tradewave uses Python for writing the trading bot code directly in the browser and then the bot runs in the cloud doing the trading for you, so you don’t need to worry about downtime or have to leave your computer on and connected to the Internet all of the time. The service offers free functionality for creating bots and backtesting them, but in order to get access to live trading functionality you will need to upgrade your account for $19.99 USD a month ($10 USD a month at Cryptotrader for the cheapest live trading plan). At the moment Tradewave offers live trading support at the following crypto currency exchanges: Kraken, Bitstam, BTCe and Bitfinex, however the services does support only the primary BTC and LTC for USD/EUR trading pairs and not all crypto currencies supported by some of the exchanges.

– For more information about the Tradewave automated bot crypto trading platform…

Cryptotrader With Support for Kraken and Bitfinex Exchanges

10, Apr 2014

cryptotrader-new-exchanges-support-kraken

The automated bot trading service Cryptotrader has just officially announced the addition of support for trading on two new exchanges – Kraken and Bitfinex. These two exchanges are added along with the already supported Bitstamp, BTC-E and CexIO, the service previously also supported MtGox, but not anymore for obvious reasons. This is essentially the first solution for automated cloud trading on crypto exchanges to provide support for trading on Kraken, a particularly interesting place for trading in Europe due to the large EUR trading volume on the exchange.

If you haven’t tried the service yet, you might want to check our review of Cryptotrader first. We can add to that already that the service still suffers from one major problem and that is letting users know about new features on time, a clear example for that is the announcement about the new exchanges… they have actually been available for a while already, more than a week for Kraken and close to a month for Bitfinex. So they really have to do something about letting their users know about new features and improvement in a more clear way and not just send a newsletter once in a while to sum things that have happened in the past two months for example.

– For more information and to try out the Cryptotrader automated trading service yourself…


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