• Ether's massive sell-off could have been a 'single whale' dumping his life savings, Kraken CEO says

    10 days ago - By Business Insider

    Summary List Placement The massive selloff in the cryptocurrency ether on Monday was not an error, the CEO of crypto exchange Kraken, said. Instead, "it could be that a single whale just decided to dump his life savings."
    The second-largest cryptocurrency by market capitalization saw its price plummet by more than 50% on the exchange at the beginning of the week.
    "We're in the process of investigating," Kraken CEO Jesse Powell told Bloomberg on Tuesday. "There doesn't seem to be any evidence of a trading-engine malfunction. It seems like trades processed accurately."
    The ether price dipped...
    Read more ...

     

  • Ether's massive sell-off could have been a 'single whale' dumping his life savings, Kraken CEO says

    Ether's massive sell-off could have been a 'single whale' dumping his life savings, Kraken CEO says

    10 days ago - By Business Insider

    : A photo illustration of the digital Cryptocurrency, Ethereum, is seen on September 13 2018 in Hong Kong, Hong Kong.
    Yu Chun Christopher Wong/S3studio/Getty Images
    The massive selloff in ether witnessed by investors on Monday was not an error, CEO of cryptocurrency exchange Kraken, said.
    Instead, "it could be that a single whale just decided to dump his life savings."
    For roughly one minute, the price of the cryptocurrency plunged to around $700, from $1,628.82 just moments before.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell
    The massive selloff in the...
    Read more ...