Law firm Berns Weiss LLP has begun scrutinizing Bitcoin exchanges involved in recent DDoS attacks.It will investigate claims on behalf of the users of crypto exchanges Kraken and Poloniex who may have suffered losses as a result of manipulation and insider trading.Although it is too early to jump to conclusions, many account holders on major exchanges had their positions liquidated as a result of the attacks and could not do anything about it.The need for more transparent markets is becoming evident.San Francisco-based cryptocurrency exchange Kraken and Delaware-based exchange Poloniex both experienced severe distributed denial of service (DDoS) attacks on May 7-8 that led to many leveraged positions being liquidated.A large Ethereum sell order was executed within minutes of a DDoS attack on Poloniex.That was a sell order of enough volume to push down the Ethereum price and therefore liquidate positions that had been placed on margin calls.During the attacks, both exchanges were not functioning properly and many users could not log on to manage their account and control their positions.

The exchanges, in turn, may have to liquidate users’ positions based on the margin calls.Many users of the exchanges are under the impression that they are victims of market manipulation and possibly even insider trading.bitcoin mining uk calculatorBerns Weiss LLP states that if the exchanges or individuals associated with the exchanges, such as employees, broke the law, the owners of accounts affected as a result of the violation could bring forward a lawsuit to recover lost capital.ethereum mining contractJeffrey Berns, the managing partner of the firm, says: “The virtual currency/blockchain practice of Berns Weiss LLP has been contacted by various people inquiring about potential legal action against Poloniex and Kraken with regard to the recent sell off at those exchanges in conjunction with DDoS attacks.” .bitcoins kaufen 2014

Berns Weiss is one of the firms that actively engages in Blockchain-related cases and research.Apart from the exchange-related case, they have published insight calling on the US government to avoid falling behind even further in regards to Blockchain innovation and has urged lawmakers to increase venture capital focus on Blockchain technology.rising bitcoin japanDigital currency exchange Kraken is adding support for wire transfers denominated in US dollars and other government-issued currencies.ethereum decisionThe company disclosed the update in an email to customers this morning.how to start bitcoin mining nvidiaIn addition to USD support, Kraken is supporting wire transfer deposits and withdrawals in euros and British pounds.bitcoin pension fund

The San Francisco-based startup, founded in 2011, is launching the updated deposit feature effectively immediately, though the withdrawal upgrade won't go live until 24th April, the exchange said.It's a notable service update given the timing and the state of the global bitcoin exchange space.how to use kraken bitcoinFor example, Bitfinex, the world’s largest bitcoin exchange by USD volume, said yesterday that it is now unable to accept inbound wire transfers due to banking problems.kraken bitcoinThe British Virgin Islands-based company had previously gone to court over issues related to outbound wire transfers denominated in USD (only to withdraw that suit a week later).Further, China's exchange ecosystem, under effective lockdown due to regulatory pressures, has yet to reactivate bitcoin and litecoin withdrawals amidst ongoing discussion with the People’s Bank of China, the country’s central bank.

So far, bitcoin's market has continued its upward momentum in the face of these challenges, though that's not to say there isn't concern.In recent days, traders have begun to voice concerns that market operations may be deviating from the norm.Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Kraken.Competition summary Founded in 2011 and based in San Francisco, Kraken is the world's largest global Bitcoin exchange in euro volume and liquidity.Along with bitcoin and euros, hundreds of thousands of traders, institutions and authorities trust Kraken to facilitate trading in US and Canadian dollars, British pounds, Japanese yen, and a variety of digital assets like ether.Kraken was the first digital asset exchange to have trading price and volume displayed on the Bloomberg Terminal, one of the first exchanges to offer leveraged bitcoin margin trading, the first to pass a cryptographically verifiable proof-of-reserves audit, is a partner in the world's first cryptocurrency bank, and is consistently rated the best and most secure digital asset exchange by independent news media.

They invited teams from universities across the world to submit a proposal to solve an investment issue, outlined below.Kraken will select the best three proposals, and the People's Choice winner rests in your hands.PrizesFirst place team receives $10,000Second place receives $5,000Third place receives $3,000People’s Choice receives $3,000 *The case competition challenge and resulting selection of winners are based solely on the opinion of the challenge sponsor.The Economist does not endorse the opinions contained in the content of the challenge or the participants’ written and video submissions.Read Kraken's feedback about the winners selection.Challenge summary Bitcoin vs Ethereum: You have $1M to invest across these two blockchain technologies by buying bitcoins and ethers – the digital assets or “cryptocurrencies” that power these decentralized computer networks.You cannot touch your investment for the next 5 years.How much of that $1M do you invest in each?Why?Bitcoin and Ethereum are both versions of blockchain technology, but there are significant differences in their purpose, adoption and application.

In terms of market performance on Kraken and other digital asset exchanges where bitcoin and ether are traded, both have been dominant in their own way.Bitcoin was released over 6 years earlier and currently has almost 10x the market cap of Ethereum (as of August 2016).But in the past year the price of ethers has appreciated over 10x compared to about 3x for bitcoins, and Ethereum has taken a strong second place position in market cap at around 5x that of any other digital asset besides Bitcoin.While many have argued that Bitcoin and Ethereum are complementary rather than competing technologies, others see Ethereum as Bitcoin's strongest rival.Even if they are complementary, one may prove the better investment over the next 5 years and that's where you come in.Presentations should be accessible to a wider audience with no special knowledge of blockchain technology.However, we want to be wowed by your sophisticated insight and thorough analysis of the new digital asset class.Students Jon-Paul Navarro Alex Moore Jake Tremblay Quieting the Chaos: An Analysis and Investment Strategy for Bitcoin and Ether Bitcoin and Ether represent an opportunity to invest in an emerging asset class based on Blockchain technology, a technology tapped by many as a disruptive force in a wide variety of industries.