Kraken Delists Bitcoin SV, Blockchain’s Billion Dollar Babies, Trading Bots Influencing Crypto Price Movement And The Hunt For Satoshis Treasure — The Crypto2Cash Chronicle
Your daily dose of crypto and blockchain news, summarized by the Crypto2Cash team
Kraken Delists Bitcoin SV
Kraken has joined Binance and Shapeshift in delisting Bitcoin SV. This was due to the ongoing feud with the coin’s creator, Craig Wright and the decision was made after a Twitter poll, asking their users for their opinion, was clearly won by users supporting the delisting. SV deposits will stop on April 22, trading will cease on all pairs on April 29 and withdrawals will stop May 31. This was not the first time Kraken had it’s problem with BSV. In December of last year, a Florida-based mining firm filed a lawsuit against several defendants, including Kraken, for supporting the ABC version of Bitcoin Cash after the hardfork.
“Blockchain’s Billion Dollar Babies”
Well respected financial news outlet Forbes has released a list of “Blockchain Billion Dollar Babies”; a list of companies that have implemented blockchain technology with a minimum valuation of $1 billion or more. The list includes many traditional financial firms like banks and many household names like Amazon, Walmart, Facebook, ING and many more. There are also many cryptocurrency related firms on the list, including names like Coinbase, Ripple and mining hardware firm Bitfury.
Trading Bots May Influence Crypto Price Movement
According to a paper from researchers at Cornell Tech and several other universities, crypto trading bots may be a big issue in the crypto space. Special arbitrage bots are profiting from decentralized exchanges, by analyzing other user’s trades and then putting their order first by paying higher fees and getting prioritized. This practice is called front running and has been seen in the traditional financial world for years. The extent of this “malfeasance” is still fairly unclear, but with decentralized exchanges expected to grow, the problem could only grow larger. The study is the latest red flag for the crypto market, that has seen many allegations of manipulation over the last few months and it will be interesting to see if more details emerge.
The Hunt For Satoshis Treasure
An unknown broadcaster has recently sent out a cryptic message via the Blockstream satellite. The message challenges readers to participate in a treasure hunt for $1 million in Bitcoins and sets different challenges with increasing difficulty. It further noted that a Bitcoin key has been split into thousand parts and that players need to find at least 400 of them to win the game and get the prize. While it is unclear who the creator of the treasure hunt is, Twitter crypto-personality Jameson Lopp has made it clear, that many “well known folks” are involved.
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