The past week was marked by discount actions and Airdrops. KuCoin, for example, on the occasion of the two-year anniversary, the opportunity to buy Bitcoin at a discount of 90%. Keybase celebrates the partnership with the Stellar Development Foundation via Airdrop gives away 2 billion XLM in the next 12 months. An error (engl. bug) on the well-known Exchange led to the Kraken now, that you could buy Bitcoin at a price of $ 8,000.It is Once again Monday and thus, the start of a new weeks. If you want to see the most Important of the last week, again in a nutshell, then, review for the KW-37 is our week just Right!
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Bitcoin for 8,000 $ and buy for up to $ 12,000 to sell?
Two days ago, on 14. September, tested the Exchange Kraken is a previously unpublished type of job. However, not everything went as planned. Because an error in the System (engl. bug), led to the purchase were matched prices for Bitcoin with the wrong side of the order books. The Result? A Trader could buy BTC at a price of $ 8,000 and $ 12,000 to sell.Kraken even noticed the Bug of course, and also noted in the official Twitter Channel for it. As it says in the Post that the Bug convey the impression that the liquidity was exhausted on the Exchange in the price range of 8,000 – 12,000 $; furthermore, Kraken pointed out that the Stop Market Orders were executed in the same price range (8.000 – 12.000 $) correctly. Correct price is available in this case means the best Bid/Ask.The original tweet you can see in the Following:
1/3 Yesterday a test of an unreleased advanced order type encountered a bug which resulted in the order’s prices being matched against the wrong side of the book. Some clients bought from the tester at $8000 and others sold at $12000 without clearing the intervening liquidity. pic.twitter.com/iG3sEPCVXS— Kraken Exchange (@krakenfx) September 14, 2019
Buy Bitcoin for 8,000 $ – Kraken proves backbone
That such a Bug leads to a financial loss, it should be clear. For a fast profit of $ 4,000 will of course be exploited like that. Kraken would have had the possibility of a “rollback” – that is, the sick, the orders would back can take. However, the Exchange decided not to make a Rollback, so you must bear the loss himself. On the other hand, all those traders who were able to buy Bitcoin at a price of $ 8,000 and then for $ 12,000 to sell features now.Such action is rewarded by the Crypto Community of course. So there was a lot of praise for octopuses and their behavior. Dovey Wan, the comments on topics in the crypto space like, praised the Actions of the octopus and said on Twitter:
??? at least this time the Kraken eats the majority of the loss and didn’t “roll back” like other shitty exchanges have done before https://t.co/DRESjQ4QB4— Dovey Wan ? ? (@DoveyWan) September 15, 2019
We can not say that Bugs like this are, of course, is the rule. Nevertheless, they always come back and bring (as in this case) of the octopus customers are even an advantage. So who says Bugs have to always be troublesome?
As well as you Bitcoin can buy at the normal price
On the award-winning and award-winning platform from eToro you can buy Bitcoin and other crypto-currencies! Also, if eToro sold you Bitcoin for $ 8,000, providing the platform, especially for the beginners one of the best User experiences in the world. In addition, you can not only rising but also falling share prices!Just try it out and get in, instead of just reading!75 % of private CFD accounts lose money. No EU investor protection.Buy Bitcoin at a price of $ 8,000. An involuntary promotion of a special kind. What you think about the Kraken Bug? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock)