Kraken opens for trading with euros, bitcoins and litecoins
Kraken is a new exchange for cryptocurrencies. After its long beta test phase, it has just been officially opened for trading. It is the brainchild of Jesse Powell, the CEO of San Francisco-based company Payward. Kraken has been designed to bring digital currency traders some of the same features enjoyed by forex traders such as stop orders and margin trading. The graduation from beta status was announced on the bitcoin forum. It was also announced that several features in the original beta version would not be graduated to the live version for another month: margin trading and the ability....
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Photo via ccchan19. It's been building up for a few weeks now, but Russia has finally decided to ban bitcoins as a form of money. In a statement released by the Prosecutor General's Office, it has been claimed that "bitcoins and other cryptocurrencies carry the risk of violating citizen's property rights." The main point of the statement was to point out that all forms of currency, besides the Russian ruble, are already banned in Russia. This means that dollars, euros, yuan, bitcoins, litecoins, and dogecoins all fall into the same category. It seems that the penalty for accepting bitcoins....
FinCCX, a Finland-based cryptocurrency exchange that allows users to exchange regular money for bitcoins, has begun accepting euros. The exchange is no longer accepting U. S. dollars but hopes to resume doing so in the near future. Euro acceptance makes FinCCX one of the few exchanges that allows users to exchange bitcoins for euros, Elena Umanets, FinCCX's marketing manager, told CCN. While FinCCX no longer accepts U. S. dollars, users can continue to trade bitcoins for U. S. currency and have the U. S. currency converted into euros while withdrawing the funds. FinCCX also accepts....
Bitcoin exchange Kraken put a brief halt on US dollar withdrawals and suspended USD deposits today, offering customers a 2% bonus to convert their balances to euros (EUR). "Many USD withdrawals have been delayed beyond a limit we can accept, and it reflects poorly on our service," a customer support representative said. "All pending USD withdrawals not already in transit are being cancelled and the funds will be automatically credited back to your account." Customers can now select the 'Convert USD to EUR' option on its support page, either for one withdrawal or the entire account.....
It might be too late for bitcoin to save Greece from its currency crisis, but the digital currency is evolving fast enough that there's a good chance it will help future crises. Christopher Mims, a writer for The Wall Street Journal, claims in today's edition that digital currency is "at an inflection point" and evolving faster than most people realize. "Whatever happens to bitcoin itself, the technology underlying it opens up previously unimagined possibilities for the future of just about anything humans exchange," Mims stated. For Greeks to get ahold of bitcoin, they need to buy euros,....
SimpleFX is a Brokerage company established in 2014 that offers traders the chance to use their Bitcoins or Litecoins to Invest in the Forex Market. Its main advantage is the availability of leverage, allowing traders with small amounts to trade with high volumes. Forex is one of the best options for those wanting so trade in a safe environment with limited volatility. That’s why many of those holding Bitcoin are fleeing to invest their coins in the Forex market. The price of Bitcoin is still highly volatile and many traders are considering other options to invest their Bitcoins. SimpleFX....