Kraken

Bitcoin (BTC) briefly reached $38,000 on Nov. 24 but faced formidable resistance at the price level. On Nov. 27, Bitcoin price traded below $37,000, which is unchanged from a week ago. What is eye catching is the unwavering strength of BTC derivatives, which signals that bulls remain ...

Last week, the legal drama featuring the world’s largest crypto exchange and United States law enforcement ended with a plea deal. Binance and Changpeng “CZ” Zhao have admitted violating U.S. Anti-Money Laundering laws, agreeing to pay $4.3 billion in fines. CZ resigned as CEO of Binance as part ...

Kraken co-founder Jesse Powell has welcomed the result of the Binance investigation in an "X” (formerly Twitter) post and has highlighted the need for long-term-oriented visionaries and shareholders. Over the last 12 months, leaders of major crypto exchanges such as FTX and Bina ...

The crypto space has been making its feelings known about the latest blow from regulators in the United States, a lawsuit filed by the Securities and Exchange Commission (SEC) against crypto exchange Kraken. The lawsuit was filed on Nov. 20 based on the SEC's allegations that Kra ...

Kraken co-founder Jesse Powell has lashed out at the Securities and Exchange Commission after it sued his crypto exchange for alleged securities law violations. In a Nov. 21 post to X (formerly Twitter), Powell called the regulator “USA’s top decel” — a term us ...

The United States Securities and Exchange Commission (SEC) has sued Kraken alleging it failed to register as an exchange, broker, dealer and clearing agency with the regulator and claimed it commingled customer funds. In a Nov. 20 complaint, the SEC claimed that since 2018, ...

The Ministry of Culture and Information of Kazakhstan has officially confirmed they have blocked the Coinbase website in the country. The authorities of Kazakhstan have been blocking local IPs' access to Coinbase since September at least.  According to a Nov. 7 report from a loca ...

Crypto exchange Kraken neither confirmed nor denied rumors of the company’s plans to potentially release a layer-2 solution similar to what its competitor Coinbase did with Base network earlier this year. The rumors were fueled by reports citing anonymous sources and a job posting fro ...

United States-based cryptocurrency exchange Kraken said it will share the data of 42,000 users with the U.S. Internal Revenue Service (IRS) in compliance with a court order. The information will be sent to the IRS in early November. On its support page, Kraken specifies that the summo ...

Kraken will suspend all transactions related to USDT, DAI, WBTC, WETH, and WAXL in Canada in November, according to multiple customer emails shared with Cointelegraph.In response to a request for comment from Cointelegraph, a Kraken spokesperson said, via email, “we constantly monitor the ...

Cryptocurrency advocacy group DeFi Education Fund (DEF) has urged a United States court to consider the unique aspects of blockchain technology when evaluating the privacy rights of cryptocurrency users under the Fourth Amendment.DEF filed an amicus brief to the U.S. Court of Appeals (Firs ...

Kraken, a prominent cryptocurrency exchange, is gearing up to diversify its services by entering the realm of traditional finance. The exchange has announced plans to launch US-listed stock and Exchange-Traded Fund (ETF) trading services in 2024, marking its first venture outside of the cryptocurren ...

The Australian Securities and Investments Commission (ASIC) has initiated legal action against Bit Trade, the provider of the Kraken cryptocurrency exchange in Australia, for alleged non-compliance with design and distribution obligations (DDO) for one of its trading products. ASIC claims that Bi ...

Moons and Brick, two tokens created by users of social media platform Reddit, are up 48% and 443%, respectively, in the past week after being listed on cryptocurrency exchange Kraken.In an Aug. 7 announcement, Kraken announced the listing of Moons (MOON) and Brick (BRICK) fo ...

Cryptocurrency exchange KuCoin has shut down rumors suggesting it was preparing to lay off 30% of its workforce — a figure that amounts to approximately 300 staff — in the coming weeks. “We want to clarify that KuCoin has not initiated any alleged layoff plans,” a K ...

The United States Federal Bureau of Investigations (FBI) reportedly searched the home of Kraken co-founder Jesse Powell in March as part of an investigation into claims he hacked and cyber-stalked a nonprofit arts group.It is claimed that Powell interfered with computer accounts by blockin ...

The Bitcoin futures premium reached its highest level in 18 months on July 4. But traders are now questioning whether the derivatives metrics indicate “excessive excitement” or a “return to the mean” after a prolonged bear market.BTC price gains capped by regulators, macroeconomicsBit ...

The United States District Court for the Northern District of California has ordered crypto exchange Kraken to turn over account and transaction information to the Internal Revenue Service (IRS). The agency said it needed the information to determine if any of the exchange’s users had underreport ...

Blockchain investigator ZachXBT has received over $1 million in donations in slightly more 24 hours from the crypto community to pay for his legal fees in a defamation lawsuit.ZachXBT, known for his investigative work in the blockchain and cryptocurrency industry, has become embroiled in a ...

It's Binance, Bitfinex, OKX, Coinbase and Kraken At the same time, ethers began to actively leave U.S. exchanges Experts believe other cryptocurrencies will soon begin to leave the U.S. According to a Kaiko report, 72% of ETH liquidity is concentrated ...

Firms commented after yesterday's incident And say Australia's crypto flight is normal The news that Binance Australia has suspended local currency deposits via PayID was hotly debated online yesterday. The reason was the provider Westpac, which refused to coo ...

Cryptocurrency exchange Kraken announced the listing of a new popular token called PEPE, inspired by the iconic Internet character Pepe the Frog. "PEPE's hype token meme has been launched on the Etherium blockchain in April 2023. It quickly gained popularity among cryp ...

It should have been done months ago Ali Sheriff and Luke Daschr Influential members of the NFT community are opposed In their opinion, this is an unwarranted attack on a promising trend Bitcoin Core team members Ali Sheriff and Luke Daschr ...

It's been about a month since the Shanghai update went live, but data from the Etherium network, Decrypt states, shows: enthusiasts are still willing to stake ETH. Shanghai update allowed ether stackers to withdraw their coins from the network. Some users have been on hol ...

The Kraken cryptocurrency trading platform team has officially announced the completion of a management rotation. Kraken cryptocurrency exchange co-founder Jesse Powell announced his resignation as CEO last September. The Exchange announced that Chief Operating Officer D ...

Cryptocurrency exchange Kraken is currently in a legal battle against the US Internal Revenue Service (IRS) over the IRS's request to access information on users of the exchange. Kraken is reportedly seeking to have the request invalidated by the court, and a hearing has been scheduled for May to ...

A recent court ruling has put a stop to all cryptocurrency-related activities on major platforms, such as Binance, Crypto.com, Bitstamp, and Kraken. The decision was made in response to a request from the liquidator of the defunct cryptocurrency platform Globix, who sought to freeze all digital a ...

Kraken, the popular cryptocurrency exchange, has recently been granted a Virtual Asset Service Provider (VASP) license by the Central Bank of Ireland, the country's financial regulatory authority. According to the exchange's official blog, Kraken has registered its subsidiary, Payward Europe Solu ...

A new report from cryptanalytics platform IntoTheBlock says that by the start of the week, Ethereum holders had applied to withdraw 868,631 ETH worth more than $1.8 billion from staking. Approximately 63% of the ethers pending the completion of the withdrawal operation pr ...

On April 13th, the Ethereum developers initiated the Shanghai update on the main network, which successfully enabled the withdrawal of coins from staking. Despite initial concerns, this development did not negatively impact the value of ETH. Currently, there is approximately $32 billion worth of ...

The market for tokens linked to the price of gold has reached a total capitalization of $1.02 billion. PAX Gold and Tether Gold are the two dominant players in this market, accounting for 99% of the tokenized gold capitalization. These tokens provide a stablecoin option but are not pegged to f ...

Tether Uses Signet to Transfer US Dollar Funds to Bahamas Banking Partner. According to recent reports, Tether, the issuer of USDT stablecoin, used Signet, the payment platform of Signature Bank, to transfer US dollar funds to its banking partner, Capital Union Bank, in the Bahamas. The transf ...

The Williams Racing team's vehicles now showcase a distinctive design, thanks to US-based cryptocurrency exchange Kraken. Instead of their traditional livery, the cars now bear a unique message that reads "Peer-to-Peer Electronic Cash System," taken from the Bitcoin White Paper. On March 31, K ...

Kraken, an American cryptocurrency exchange, has made headlines by announcing its partnership with the Williams Racing team, becoming the first major cryptocurrency company to enter into an F1 deal this year. The announcement comes ahead of the Australian Grand Prix scheduled to take place in ear ...

Kraken Cryptocurrency Exchange Faces ACH Channel Challenges with Silvergate Bank Kraken, a major cryptocurrency exchange, has recently faced difficulties with its Automated Clearing House (ACH) deposit and withdrawal channel due to issues with its banking partner, Silvergate Bank. As a result, Kr ...

The US Securities and Exchange Commission (SEC) has issued a warning to Coinbase, a popular cryptocurrency exchange, indicating that it could face enforcement action for selling unregistered securities. According to Coinbase management, the SEC's notice pertains to an unspecified portion of digit ...

Amidst an ongoing investigation by law enforcement into FTX and its subsidiary, Alameda Research, someone has made a hefty withdrawal of 69.64 million USDT stablecoins and 75.94 million USDC from affiliated wallets. According to the Lookonchain service, funds from three wallets linked to bankrupt ...

According to the CEO of the Kraken cryptocurrency exchange, American financial regulators are supporting those entrepreneurs and start-ups that are aimed at developing the cryptocurrency industry, not destroying it. Jesse Powell, in his recent statement, pointed out - "The nefarious ent ...

South Korean financial authorities are exploring the possibility of implementing a ban on staking services offered by domestic virtual asset exchanges. They held a meeting in Seoul to discuss global trends in cryptocurrency regulation and plans to support and stabilize the national financial market ...