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Bitcoin Flash Crash sends BTC / CAD pairs to almost zero – Plus Ripple and XRP, Ethereum, Litecoin, Stellar, NEO, Tron




From a large Bitcoin flash crash on the Kraken crypto exchange to a new adoption for Ethereum, here's a look at some of the stories that break in the crypto world.

Bitcoin

Crypto dealers are trying to figure out exactly what triggered a flash crash that led to the price of Bitcoin's Canadian Dollar crashing down to as little as $ 101 CAD.

For about five minutes on the Kraken crypto exchange, the price of BTC was reduced from $ 11,250 to a low of $ 101,20, a drop of more than 99%.

Source: Twitter / Cryptowatch

Crypto sleuths on Reddit say the order book shows a trader or a villain trading trade, may have mistakenly sold 1,155 BTC (about $ 10 million USD) for $ 101 CAD each.

So far, Kraken has not commented exactly on what went down. Canadian crypto dealers have been looking for alternative sites to buy BTC following the collapse of QuadrigaCX, the country's largest encryption exchange, which settles after the CEO's death.

Meanwhile, Bittrex partner CatalX has just opened a new digital trading trading platform that offers Canadians more than 100 coins at launch.

Ethereum

A new edition of the week in Ethereum's blog post is out.

This week's record covers the latest measures to scale Ethereum blockchain and includes a number of updates on Ethereum-based platforms such as Quorum, Chainlink and Maker.

Ripple and XRP

Stephan Thomas, Coil's co-founder and CEO, says that XRP "fixes" many things he doesn't think works well for Bitcoin.

Thomas was an early Bitcoin lawyer who joined Ripple in 2012 and became the company's chief engineer within one year. In a AMA on Reddit, he outlined what he prefers about the latter.

litecoin

Litecoin Foundation brings 11 new volunteers to its Chinese team to help promote adoption and awareness.

Rebecca Yang LTC Foundation's Litecoin Leading Ambassador to the Country, says the new volunteers include a developer, copywriter, designer, and community director.

Stellar

Boris Reznikov, director of partnership at Stellar, gave only a speech that looks at the platform's past, present and future.

Reznikov says that one of Stellar's main goals is to ensure that money flows like seamlessly, quickly and cheaply as email.

Faith

From increasing the DApp data management to incentivizing users to sharing files, Tron adds the benefits of the recently announced BitTorrent File System.

NEO

]

The NEO moon is hours away from a new upgrade, which will be June 3.

"In this upgrade, all MainNet consensus nodes will be upgraded to neo-cli v2.10.2 with the optimized dBFT 2.0 consensus algorithm. To improve network stability, the network fee mechanism will also be adjusted. The main change is the addition of an Oversize Fee that will be charged in relation to the size of transactions greater than 1024 bytes. "

The upgrade is also designed to prevent malicious transactions and network attacks, according to NEO.

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Disclaimer: Opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any loss you may incur is your responsibility. Daily Hodl does not recommend buying or selling cryptographic or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl is participating in affiliate marketing.



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