The scrutiny that US regulators are imposing on cryptocurrency companies seems to be becoming a trend. Kraken is the latest company to run into trouble. The exchange had to pay a $1.25 fine for alleged illegal activity.
The United States court has managed to discharge a case that was condemning bitcoin cash (BCH) protagonists such as the Bitmain cryptocurrency exchange, its founder Jihan Wu, Kraken, its founder Roger Ver of forging as well as influencing the token's value in November 2018, when previous BCH hard fork that occurred and gave birth of bitcoin SV (BSV).
The price of Bitcoin SV (BSV) has been drawn into chaos since reports emerged that Binance and several other cryptocurrency exchanges decided to delist the token. Since then BitFinex, Huobi, Kraken and Bittrex were the only major exchanges offering BSV trading. Till April 16, when one of the biggest cryptocurrency exchanges - Kraken - announced that it will delist BSV as well.
Utterly new exchanges are exhibiting drastic robust trading volumes, covering up among high marketplaces and far away above older established platforms, which has resulted to more assertions of attempts to increase visibility in CoinMarketCap's exchange platform rankings, particularly through fake and fraudulent volumes.
In this fast-growing cryptocurrency universe, 2016 seems like donkey’s years ago. Very many giant cryptocurrencies have fallen by a resting-area and 80% out of the top ten crypto platforms by trading volume have completely lost their position. Time has lacked sympathy to many bullish cryptocurrency exchanges including altcoin.
Coin Idol TV News channel broadcasting a new video digest on April 20. Today in our digest: NASA initiates Ethereum blockchain technology research for space communications and navigation, Kraken set to quit the Japanese cryptocurrency market, Lithuania plans to allow the activity of virtual limited liability companies, IMF Chief Christine Lagarde has supported the implementation of cryptocurrency.
Cryptocurrency exchange Kraken, with headquarters in San Francisco, announced on Tuesday, April 17, that it has stopped its activity on the Japanese financial market because of the high operation cost there. However, the company hinted it could come back, with Japan being one of the world’s biggest bitcoin trading centres.
On December 15, 2017, agents of the Ukrainian security service (SSU) conducted a search in the rented apartment of Anatoly Kaplan, the founder of the popular cryptocurrency and blockchain-related media outlet – ForkLog, and literary “robbed” cryptocurrency from his wallets, and a bottle of Kraken rum.
One of the top-5 most valuable digital assets by market cap, Dash, is in another major price uptrend after the announcement that one of the world’s largest cryptocurrency exchanges, Kraken, would support Dash.