Kraken enables Bitcoin Cash deposits and withdrawals

Kraken exchange announces Bitcoin Cash deposits and withdrawals 
08 August 2017   1763
Bitcoin Cash

A new cryptocurrency representing a hard-forked version of Bitcoin, different from it in the blocksize limits

One of the biggest cryptocurrency exchanges, Kraken now enables Bitcoin Cash deposits and withdrawals:

As the company reports, 20 confirmations are required before BCH deposits are credited. However, the exchange team does not exclude the opportunity of lowering this number:

We may lower the required number of confirmations in the coming weeks if the BCH network grows and more miners join the network.
 

Kraken exchange team

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Still, the exchange warns their customers about the potential risk when transferring funds due to the fact that the BCH network may remain potentially vulnerable for several weeks or more.

In the event that a deposit is invalidated on the network after the funds are credited to a Kraken account, the amount of the deposit will be debited from the account. If this results in a negative BCH balance withdrawals will be locked until the balance is corrected (by either depositing or buying BCH).
 

Kraken exchange team

According to the company, Kraken has asset-specific deposit addresses and any funds sent to an address that isn’t specific to the asset will not be credited. Thus, Bitcoin Cash (BCH) deposits should only go to BCH-specific deposit addresses, and regular Bitcoin (XBT) deposits should only go to XBT-specific addresses. Any BCH sent to a XBT deposit address will not be credited and any XBT sent to a BCH deposit address will not be credited.

Coinbase to Issue New Statement

As reported, company says it was wrong about SEC approval of acquisitions
18 July 2018   9

Vice President of Communications of Coinbase Rachel Horwitz denied the information that the company received approval from the Securities and Exchange Commission of the United States for a deal to buy brokerage companies. This is reported by Bloomberg.

It is not correct to say that the SEC and FINRA approved Coinbase’s purchase of Keystone because SEC was not involved in the approval process. The SEC’s approval is not required for the change of control application. Coinbase has discussed aspects of its proposed operations, including the acquisition of the Keystone Entity, on an informal basis with several members of SEC staff.
 

Rachel Horwitz

Vice President of Communications, Coinbase

On Monday, a spokesman for Coinbase said that the company received permission from the SEC and the Agency for Regulation of Financial Institutions (FINRA) to purchase Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC.

However, despite the refutation from Rachel Horwitz, Coinbase still intends to obtain a license to carry out brokerage activities.