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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Markets News 

Kraken Exchange Removes Illiquid Markets and Temporarily Suspends Advanced Trading Orders

“More often than not, companies will open new trading markets, even when there is little demand” writes Jp Buntinx for livebitcoinnews.com. Mainly fiat currency markets are affected by this decision.It appears the Kraken exchanges will get rid of some illiquid markets in the near future.Adding fiat currency markets for currencies and tokens is always a tough call for exchanges.None of the illiquid trading pairs will be relisted in the near future, if ever. Source: livebitcoinnews.com Share This:

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Crypto News 

Bitcoin Cash Trading Frenzy Highlights Major Infrastructure Issues at Kraken Exchange

“No one will be surprised to learn the Kraken exchange is not doing too well these days” writes Jp Buntinx for livebitcoinnews.com. Every time we see some major cryptocurrency trading action, the same exchanges suffer from issues.More specifically, the exchange can’t keep up with the trading volume on the platform. Source: livebitcoinnews.com Share This:

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News Oil 

EnQuest boss Amjad Bseisu: ‘Kraken is by far the largest project we’ve done’

“The founder and chief executive of North Sea oil company EnQuest is contemplating the current state of the oil and gas industry, but could just as easily be describing his own company” writes Lady Barbara Judge for telegraph.co.uk. Debts were mounting and the oil market downturn was dragging on, raising serious questions about survival.Twelve months later and EnQuest has emerged from the downturn as the poster child for the UK oil industry’s renaissance. “That relieves us from a lot of strain – even at current oil prices. Source: telegraph.co.uk Share This:

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Crypto News 

‘Unprecedented’ Bitcoin Boom Sees Coinbase, Kraken Suffer Outages

“Major bitcoin exchanges like Coinbase and Kraken are suffering downtime in a week when bitcoin prices are soaring to all-time highs” reports cryptocoinsnews.com. Coinsecure, one of India’s top three bitcoin exchanges, pointed to the “exponential growth” of bitcoin users on its platform this week, leading to deposit and withdrawal delays.Coinbase, a San Francisco-based exchange that offers bitcoin, ethereum and litecoin trading, was brought to its knees on Thursday, citing ‘unprecedented traffic and trading volume.Both exchanges contribute significantly to enable trading volumes in the US – the world’s largest bitcoin trading…

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Crypto News 

Kraken Exchange Sees Multiple Fake Price Spikes as of Late

“It is rather unusual to see multiple currencies hit fake price spikes on one exchange” writes Jp Buntinx for livebitcoinnews.com. The ETH price briefly jumped to 7.87 BTC. That is quite the change from the normal 0.0787 BTC price.In the case of Bitcoin, the EUR price spiked to over 2,200 EUR multiple times in the past 24 hours.Unfortunately, it appears Bitcoin is not the only currency on Kraken to see fake price spikes.Cryptocurrency users may have noticed there is something strange going on with the Kraken exchange. Source: livebitcoinnews.com Share This:

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