Kraken delists more than 10 trading pairs

Kraken crypto exchange announces delisting of some tarding pairs and temporary suspension of advanced order types
22 August 2017   2414

Kraken, one of the biggest Bitcoin exchanges, has delisted 12 cryptocurrency trading pairs in order to reduce the platform load  "until upgrades can be made that will enable to smoothly scale capacity".

In addition, the company will temporary suspend of advanced order types.

According to the report, the changes will go into effect on Tuesday, August 22nd, around 6 am UTC (Monday August 21 around 11 pm Pacific).

In order to help mitigate the strain on our platform caused by recent exponential growth, we are delisting some of our illiquid trading pairs and temporarily suspending all advanced order types.
 

Kraken team

Thus, the following pairs will be delisted with all outstanding orders being cancelled:

  • XBT/GBP
  • ETH/GBP
  • XRP/CAD
  • XRP/JPY
  • EOS/EUR
  • EOS/USD
  • XLM/EUR
  • XLM/USD
  • GNO/EUR
  • GNO/USD
  • REP/USD

On top of that, open orders will remain open until cancelled or executed, but the users will no longer be able to create new orders in any of the following advanced types:

  • Stop Loss
  • Take Profit
  • Stop Loss, Take Profit
  • Stop Loss, Take Profit Limit
  • Stop Loss Limit
  • Take Profit Limit
  • Trailing Stop
  • Trailing Stop Limit
  • Stop, Limit

The above changes will go into effect the same time as the trading pairs delisting.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   116

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.