Kraken Lists Cosmos (ATOM) Following BSV Controversy
- The exchange will "probably" begin listing two new coins per month in May.
US-based cryptocurrency exchange Kraken has made the decision to begin offering support for Cosmos (ATOM), a Proof-of-Stake cryptocurrency based on the Tendermint consensus protocol. Trading will begin today, April 22nd, and will be offered in five pairs: ATOM/USD, ATOM/EUR, ATOM/CAD, ATOM/BTC, and ATOM/ETH.
Kraken is listing Cosmos (ATOM) on Monday, April 22nd. Find out more here: https://t.co/7yzg2SilMM
— Kraken Exchange (@krakenfx) April 21, 2019
The announcement of the listing does not seem to have had any major positive effect on the price of Cosmos, which had fallen nearly 17 percent over the last 24 hours at the time of writing. Cosmos’ market cap was $1.06 billion, down from $1.2 billion less than 24 hours before.
Cosmos' (ATOM) market cap over the last 24 hours. (Source: CoinGecko)
On March 20th, shortly after Cosmos’ March 13th launch, research firm Diar posted a report ranking Cosmos as the third-largest Proof of Stake cryptocurrency in terms of the value of the USD staked on its Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term. EOS and Dash both ranked above Cosmos; Tezos, NEM, Tron, and several others sat below it.
Source: Diar
Kraken Moves Forward Following BSV Controversy
Kraken became embroiled in a bit of controversy last week when its CEO, Jesse Powell, declared that the exchange would be de-listing Bitcoin Cash Satoshi’s Vision (BSV), the cryptocurrency created by Craig Wright. Wright has proclaimed that he is Satoshi Nakamoto Satoshi Nakamoto “Satoshi Nakamoto” is the alias of the mysterious person (or group of people) that are responsible for the creation and launch of Bitcoin back in 2009 and the authorship of the Bitcoin whitepaper, published in 2008. As such, Satoshi Nakamoto is also the entity who conceptualized and created the first-ever blockchain network. Nakamoto was the first to effectively solve the double-spending problem for digital currency using a Peer-to-Peer (P2P) network. Nakamoto was active in the development of bi “Satoshi Nakamoto” is the alias of the mysterious person (or group of people) that are responsible for the creation and launch of Bitcoin back in 2009 and the authorship of the Bitcoin whitepaper, published in 2008. As such, Satoshi Nakamoto is also the entity who conceptualized and created the first-ever blockchain network. Nakamoto was the first to effectively solve the double-spending problem for digital currency using a Peer-to-Peer (P2P) network. Nakamoto was active in the development of bi Read this Term, the creator of Bitcoin. At the same time, Powell announced that Kraken would "probably" begin listing two new coins each month starting in May.
JUST ! Kraken is delisting Bitcoin SV amid controversy, but the exchange plans to list 2 coins per month starting in Mayhttps://t.co/CmHKIYFMC0
— Frank Chaparro (@fintechfrank) April 16, 2019
It seemed that the fact that Wright’s proclamations were not taken very seriously by most people in the cryptosphere really started to get under his skin last week because he made the decision to begin taking legal action against individuals who denied that he is Satoshi.
As a result of the legal actions and threats that Wright has made, several cryptocurrency exchanges de-listed BSV, including Kraken. Kraken also took a Twitter poll that found that users think BSV is ‘toxic,’ although it’s not clear what that means on a practical level. The de-listings caused a major price crash for BSV.
US-based cryptocurrency exchange Kraken has made the decision to begin offering support for Cosmos (ATOM), a Proof-of-Stake cryptocurrency based on the Tendermint consensus protocol. Trading will begin today, April 22nd, and will be offered in five pairs: ATOM/USD, ATOM/EUR, ATOM/CAD, ATOM/BTC, and ATOM/ETH.
Kraken is listing Cosmos (ATOM) on Monday, April 22nd. Find out more here: https://t.co/7yzg2SilMM
— Kraken Exchange (@krakenfx) April 21, 2019
The announcement of the listing does not seem to have had any major positive effect on the price of Cosmos, which had fallen nearly 17 percent over the last 24 hours at the time of writing. Cosmos’ market cap was $1.06 billion, down from $1.2 billion less than 24 hours before.
Cosmos' (ATOM) market cap over the last 24 hours. (Source: CoinGecko)
On March 20th, shortly after Cosmos’ March 13th launch, research firm Diar posted a report ranking Cosmos as the third-largest Proof of Stake cryptocurrency in terms of the value of the USD staked on its Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term. EOS and Dash both ranked above Cosmos; Tezos, NEM, Tron, and several others sat below it.
Source: Diar
Kraken Moves Forward Following BSV Controversy
Kraken became embroiled in a bit of controversy last week when its CEO, Jesse Powell, declared that the exchange would be de-listing Bitcoin Cash Satoshi’s Vision (BSV), the cryptocurrency created by Craig Wright. Wright has proclaimed that he is Satoshi Nakamoto Satoshi Nakamoto “Satoshi Nakamoto” is the alias of the mysterious person (or group of people) that are responsible for the creation and launch of Bitcoin back in 2009 and the authorship of the Bitcoin whitepaper, published in 2008. As such, Satoshi Nakamoto is also the entity who conceptualized and created the first-ever blockchain network. Nakamoto was the first to effectively solve the double-spending problem for digital currency using a Peer-to-Peer (P2P) network. Nakamoto was active in the development of bi “Satoshi Nakamoto” is the alias of the mysterious person (or group of people) that are responsible for the creation and launch of Bitcoin back in 2009 and the authorship of the Bitcoin whitepaper, published in 2008. As such, Satoshi Nakamoto is also the entity who conceptualized and created the first-ever blockchain network. Nakamoto was the first to effectively solve the double-spending problem for digital currency using a Peer-to-Peer (P2P) network. Nakamoto was active in the development of bi Read this Term, the creator of Bitcoin. At the same time, Powell announced that Kraken would "probably" begin listing two new coins each month starting in May.
JUST ! Kraken is delisting Bitcoin SV amid controversy, but the exchange plans to list 2 coins per month starting in Mayhttps://t.co/CmHKIYFMC0
— Frank Chaparro (@fintechfrank) April 16, 2019
It seemed that the fact that Wright’s proclamations were not taken very seriously by most people in the cryptosphere really started to get under his skin last week because he made the decision to begin taking legal action against individuals who denied that he is Satoshi.
As a result of the legal actions and threats that Wright has made, several cryptocurrency exchanges de-listed BSV, including Kraken. Kraken also took a Twitter poll that found that users think BSV is ‘toxic,’ although it’s not clear what that means on a practical level. The de-listings caused a major price crash for BSV.