Blog Archives

Kraken to launch Japanese exchange

Posted on 17th August, 2014

San Francisco-based cryptocurrency exchange Kraken is no stranger to the international bitcoin market. Although the company is based in the U.S., the exchange doesn’t do much business in dollars, preferring instead to avoid the finicky, risk-averse, account-closure prone American banking system as much as possible. While most of its business is in euros, Kraken’s founder […]

Ripple Labs board member Jesse Powell resigns amid ongoing controversy

Posted on 26th May, 2014

Last week, not-quite alt-coin Ripple found itself facing an existential crisis when co-founder Jed McCaleb revealed he was planning to sell off his 9 billion XRP stash. The announcement caused a dramatic XRP price crash, halving Ripple’s currency value in less than a 24 hours. McCaleb’s planned cash-out also hinted at deeper problems behind the […]

Report: The 10 most promising blockchain-based startups

Posted on 6th May, 2014

In a report published today on Business Insider, bitcoin-business consultant Tim Swanson names his top 10 startups that use blockchain-based technology. Swanson limited his list to companies no longer operating in pre-launch “stealth mode,” and which he believes to already offer a viable service. Several of Swanson’s picks are hardly unknown in the bitcoin community: […]

Kraken gains $5 million in new funding, GoCoin raises $1.5

Posted on 26th March, 2014

The venture capital world has been spreading their money around the bitcoin ecosystem in a big way this week. While much the attention is understandably going to the $17 million raised by Circle, two smaller VC investments may have even bigger impacts in the coming months. San Francisco-based bitcoin exchange Kraken has raised $5 million […]

BTC exchange Kraken passes audit, all customer coins held in reserve

Posted on 24th March, 2014

The first generation of bitcoin exchanges had it easy. Users were so happy to have a place to buy and sell bitcoin, that they didn’t worry too much about how those businesses actually operated, whether or not they were secure, or even if the user funds were really all accounted for. The situation at Mt.Gox […]

Kraken puts hold on USD transactions

Posted on 26th February, 2014

Cryptocoin exchange Kraken announced today that it was putting a temporary halt on transactions in the U.S. dollar, and offering a 2% bonus to users who switch their existing balances to euros. Speaking with CoinDesk, a Kraken customer support representative explained the decision as the result of slow and delayed USD withdrawals. According to Kraken’s […]