Industry Report: Kraken, Others Receive Large Investments

Industry Report: Kraken, Others Receive Large Investments

Want to see what’s new in the world of cryptocurrency? This week, we saw big investments coming into the Bitcoin ecosystem, notably a funding round from Kraken. Take a gander at some of the latest stories: It’s a week of investments for cryptocurrencies as Bitcoin exchange Kraken received a hefty sum during its Series B stage of financing from Money Partners Group in Tokyo, one of Japan’s leading foreign exchange brokerages. The firm holds nearly 300,000 clients and boasts a market cap of over $250 million. Kraken had also previously received a “multi-million dollar agreement” from....


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Trustee Opens Formal Claims Process for Mt Gox Customers

Mt Gox customers can now formally make a claim against the defunct exchange, with the potential to receive their payout in bitcoin. The process is being overseen by exchange Kraken, appointed to assist Mt Gox's bankruptcy trustee Nobuaki Kobayashi last November. According to instructions posted on the Mt Gox homepage, account holders have until 29th May (Japan time) to fill out forms directly from the site, or open an account with Kraken and begin from there. The online claims process is available as the large majority of Mt Gox's 100,000 creditors live outside Japan, enabling them to....

Kraken Releases Anonymous Bitcoin Trading Feature for Large Bitcoin Buyers

Kraken Bitcoin Exchange. The bitcoin currency market is still a very small boat in a large sea when it comes to the world of currency. Bitcoin's global digital currency is not like any fiat currency except in the fact that its relatively small size does make it vulnerable to high volatility and market fluctuations, just like a smaller fiat currency would be. A large purchase can act like a ship creating a huge wake next to a small sailboat, causing massive instability. Kraken is one of the world's leading bitcoin exchanges and is looking to help solve this problem with their new "Dark....

Mt Gox Customers to receive Bankruptcy Distributions in Bitcoin

Mt Gox customers can now receive bankruptcy distributions in Bitcoin, among several other benefits by becoming a user of the cryptocurrency exchange Kraken. According to the San Francisco-based Bitcoin exchange's official blog post, Kraken has begun the process of accepting Mt Gox creditor claims and is offering up to $1 million in free trade volume per creditor as a bonus for claiming funds through Kraken. With the support of Kraken, the Mt Gox's trustee has been able to create a system which will enable customers to file bankruptcy claims and receive compensation via a smooth and simple....

Kraken Launches Across Canada with Vogogo

Kraken Bitcoin Exchange. Payment processor and security provider Vogogo has partnered with Kraken to bring Kraken's exchange services to Canada. The new partnership and expansion also equates to a new Canadian dollar/Bitcoin exchange that Kraken will provide. All exchanges are constantly looking for ways to gain a competitive edge and moving to another country also to the one you started in; that's a good way to expand your business. This is exactly what Kraken has done. The exchange said Canadians who use its service would benefit from low fees and good technology. It's hard to tell if....

Kraken to help Settle Verified Mt Gox Bitcoin Claims

Kraken, the bitcoin exchange will be distributing bitcoins to the Mt Gox claimants as their claims get verified. Mt Gox customers may have something to look forward to in the coming days. Some of the investors in the now-defunct Bitcoin exchange Mt Gox may soon be receiving at least a part of their investments back. A recent announcement made by Kraken earlier today shows that the verification process for all the claims made so far by about 25,750 creditors may have been complete. According to the press release, the total claims received so far exceed 263, 519,268303,371 Japanese yen,....