Crypto News 

Kraken to Halt Trading Services in Japan by June…

“Cryptocurrency exchange Kraken has announced that it will be halting its trading services for Japanese residents, citing rising costs in Japan for the decision” writes Rebecca Campbell for livebitcoinnews.com. Now, though, it has decided to stop its services to Japanese residents claiming rising costs as the reason for its decision.Unlike China, though, which has taken the approach of banning cryptocurrency trading, Japan still remains open to the market. Source: livebitcoinnews.com Share This:

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Crypto News 

Restrain the Kraken! Crypto Exchange ‘Kraken’ Pulls Services from Japan

“Japanese authorities have begun conducting in-person inspections of cryptocurrency exchanges; exchanges who are applying for licensure under the Virtual Currency Act are under heavy scrutiny” reports financemagnates.com. Popular cryptocurrency exchange Kraken has made the decision to halt its business in Japan, according to a Bloomberg report.In fact, several cryptocurrency exchanges have made the decision to close down operations rather than spend the time and money to become sufficiently compliant with regulatory standards.The rising costs associated with operating as a crypto firm in Japan were given as the reason to exit…

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Rare shows Sea of Thieves’ mighty kraken in action, details new launch and post-launch features

“The kraken is one of several launch features that have yet to be shown in Sea of Thieves’ numerous pre-launch stress tests and betas” reports eurogamer.net. Rare has unveiled Sea of Thieves’ final launch trailer in anticipation of the game’s release next week, and it offers a first glimpse of its long-teased kraken in action.Elsewhere, Rare revealed that Sea of Thieves’ launch build will include hidden lore books, helping to enrich the game world and offering further incentive to go out and explore its distant landmasses. Source: eurogamer.net Share This:

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Kraken Prepares to Shut Down SWIFT Funding Accounts in Japan

“The letter outlines that the SWIFT funding accounts will be closed on the 21st, next month” reports financemagnates.com. Back in December, Bulgarian banks shut down access to the bank accounts of a number of local websites that are dealing with cryptocurrencies.Citing “a variety of circumstances”, the company is closing its SWIFT bank accounts in USD, EUR, and GBP. In addition, JPY funding accounts at Japanese bank Sumitomo Mitsui are to cease accepting funds.The company insists that its SEPA Euro funding accounts and cryptocurrency deposits will not be affected. Source: financemagnates.com Share…

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Crypto Markets News 

3 crypto exchanges are planning to hire more than 1,000 staff – but it’s not going to be easy

“There is a significant shortage of people who have expertise and acumen in this space,” said Mike Poutre, the chief executive of The Crypto Company, a crypto market structure firm” writes Frank Chaparro for businessinsider.com. But the relative calmness of the market has provided a chance for crypto exchanges to take a breath and ramp up hiring.Coinbase, Kraken, and Circle, which recently announced its acquisition of crypto exchange Poloneix, are all looking to double their headcount in 2018.This precipitated countless exchange outages and even forced a handful of exchanges to…

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Crypto News Platforms 

Kraken Reinstates Delisted Currency Pairs and Advanced Order Types

“Additionally, we may see additional fiat currency trading pairs for all of the supported currencies as well” writes Someone Special for newsbtc.com. Instead, Kraken re-added the delisted trading pairs, including a JPY market for XRP and EOS’s USD and EUR pairs.All of these pairs are related to fiat currency pairs to increase overall market liquidity.Setting up an advanced order is done through the web-based trading portal and selecting the right order from the “Type” field.Advanced orders and 10 different currency pairs have been added to the platform overnight. Source: newsbtc.com Share…

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Crypto News 

Kraken Bitcoin Exchange Reopens After Two Anxious Days

“Kraken, along with Coinbase, are showing that a bitcoin exchange can be professional, trustworthy, and regulated” writes David Z for fortune.com. Gox, then the world’s largest Bitcoin exchange.It’s a happy ending to what some feared could become yet another in a line of ignominious cryptocurrency exchange collapses.There is still, though, a gigantic elephant in the room — Bitfinex, the world’s largest cryptocurrency exchange, is still the target of serious skepticism.Kraken, a major North American cryptocurrency exchange and the fifth-largest globally, came back online Saturday after an exceptionally long maintenance outage…

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News Oil 

Enquest returns to lenders to waive debt terms as it plunges to a loss

“Embattled oil explorer Enquest has returned to its lender base less than a year after a full-scale financial restructuring to ask for its debt terms to be waived after plunging to a half year loss” writes Jillian Ambrose for telegraph.co.uk. The downturn-hit North Sea minnow has been betting on the start up of its Kraken project east of the Shetland islands to reverse its shrinking oil production and help pay off its $1.8bn of debt. Source: telegraph.co.uk Share This:

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News Oil 

Enquest hit by delays at North Sea oil project

“North Sea oil company Enquest has taken a 10pc blow to its market value after telling investors that delays to a cornerstone project have cut into to its production for this year” writes Jeremy Warner for telegraph.co.uk. In addition lower global oil prices could wipe a further 10pc from the project’s revenues.Over the first half of this year Enquest’s production averaged just over 37,000 barrels of oil a day, down from 42,500 barrels a day in the same months last year.The heavily indebted independent was relying on oil flows from…

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