Bitfract’s New Platform Could Change Crypto Investing Forever

Bitfract’s new platform could change crypto investing forever

Bitfract, powered by ShapeShift, launches the first tool to exchange one crypto for multiple at once.

April 2018 (Austin, Texas): Meet Bitfract, the easiest way to design and invest in a diversified portfolio of cryptocurrencies.

Launching April 1st, Bitfract Beta enables investors to trade either Bitcoin, Ethereum, or Litecoin for up to 62 different coins in a single transaction. Up until now, the process to construct a diversified portfolio required traders to sign up for multiple exchanges for specific coins, manually calculate allocations, and then execute transactions individually. This time-consuming process is complex, error-prone, and expensive. Bitfract streamlines this entire process into a few clicks, effectively saving both time and up to 80% in fees.

From their homepage, Bitfract allows you to select an input coin and a set of output coins. You then specify the percent you would like to allocate to each output coin, along with a destination address to receive the coins. Since Bitfract only requires your public addresses (and never touches your private keys) you are empowered to manage your own assets without trusting centralized exchanges. Bitfract is a decentralized exchange platform, and you can expect to find your new assets in your private wallets within minutes.

“Everyone should have the ability to manage and maintain their own portfolio of digital assets, and our mission is to make this significantly more attainable. We hope you enjoy using Bitfract as much as we do, and we can’t wait to show you what’s next.”- Willy Ogorzaly, Co-founder and CEO.

Bitfract is a proud partner of ShapeShift, the earth’s fastest and safest exchange. Reserve beta access at https://bitfract.com.

To join the Bitfract team, submit an application at https://bitfract.com/careers.

source: https://coingeek.com/bitfracts-new-platform-change-crypto-investing-forever/

Kraken re-enables margin trading after rocky system upgrade

Kraken re-enables margin trading after rocky system upgrade

The exchange is also imposing zero fees on trading until January 31.

The last few months of last year have been rocky for the world’s fifth largest cryptocurrency exchange Kraken as massive surge of new users hoping to cash in on the cryptocurrency trade brought their system down to its knees, prompting the exchange to undergo a few rounds of upgrades to help cope with growing demand.

“The recent, unexpected explosion in demand has been overwhelming.  Each of the past few days has produced 50,000 new account registrations and 10,000 new support tickets — an order of magnitude above where we were just last quarter.  Concurrent users, daily trades and volumes are also hitting new all-time highs.  We are struggling to keep up,” they wrote in their blog in December.

Since then, there have been two rounds of upgrades, each stretching to around a week or two to fully implement due to certain issues. Following their January 13 upgrade, the exchange froze new margin positions as a security measure.

The downtime has been frustrating for users, especially since the expected duration had to be extended a few times—which meant that users could not proceed with their trading activities for longer periods of time. Withdrawals have also been problematic. And as we know of the cryptocurrency trade, every hour could possibly translate to thousands of dollars per coin.

Yesterday, Kraken released another post saying margin and free trading will be re-enabled by 10am PT. And seemingly to appease users who have been affected by the downtimes, the exchange is not charging any fees for trading, and reduced fees for margin positions.

According to the post, the system works the same way as before, but only smoother.

“Margin trading works exactly as it did before, only with the system upgrade the experience will now be even smoother. Clients unfamiliar with margin trading who want to get started can begin with our video tutorial and check out our support center for more detailed information on margin trading.”

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.