Archives

September 18, 2020 @ 6:09 am By JD Alois  |  

This past week Kraken, a leading US-based digital asset exchange, was approved by the state of Wyoming for a bank charter. The first of its kind in the state, the Special Purpose Depository Institution (SPDI) means that Kraken Financial will operate pretty much just like… Read More

September 16, 2020 @ 10:15 pm By JD Alois  |  

The state of Wyoming has approved its first Special Purpose Depository Institution (SPDI) by approving Kraken Financial – part of the well known digital asset exchange. Tentatively called Kraken Financial and based in Cheyenne, Wyoming, the new bank claims the title as the “first digital… Read More

July 5, 2020 @ 5:11 pm By Omar Faridi  |  

Switzerland-based InCore Bank, a “one-stop” B2B transaction bank (founded in 2007), has reportedly enabled fiat on-ramps for digital asset exchange Kraken’s European customers. Europe’s retail and institutional clients can now purchase cryptocurrencies like Bitcoin (BTC) and Ether (ETH) through Kraken by using their fiat money… Read More

April 7, 2020 @ 3:07 pm By Omar Faridi  |  

San Francisco-based crypto exchange Kraken has appointed industry lawyer Marco Santori as the company’s chief legal officer. Kraken’s management noted on April 6, 2020, that Santori would be using his experience working with regulatory authorities, financial institutions, payment service providers, broker-dealers, and several other industry… Read More

March 29, 2020 @ 2:55 pm By Omar Faridi  |  

Trillions of dollars have been injected into the world’s financial markets in order to stabilize the global economy, following the deadly coronavirus (COVID-19) outbreak. The United States recently reached the highest unemployment rate in its entire history. Even during these times of uncertainty, US crypto… Read More

March 20, 2020 @ 8:21 am By Omar Faridi  |  

The circulating supply for Circle and Coinbase’s stablecoin, called USD Coin (USDC), has increased considerably since the beginning of this month. USDC’s market cap has jumped by about $200 million since March 1, 2020. The US dollar-pegged USDC stablecoin’s market cap presently stands at over… Read More

January 14, 2020 @ 11:17 pm By Cali Haan  |  

San Francisco-based cryptocurrency trading platform Kraken has acquired Bit Trade, a cryptocurrency trading platform billed as, “Australia’s longest running digital currency exchange.” Kraken was founded in 2011 and Bit Trade in 2013. “With this acquisition, Kraken will focus on being the premier crypto service in… Read More

January 8, 2020 @ 11:44 am By Cali Haan  |  

American cryptocurrency trading platform Kraken says the global law enforcement requests for information went up 49% in 2019, with associated costs, “increasing, even in a relatively flat market.” The company tweeted an infographic of showing total requests in 2019, countries of requesting agencies, countries of… Read More

January 7, 2020 @ 8:06 pm By Cali Haan  |  

US cryptocurrency exchange Kraken will enable trading of Circle’s USD-proxy cryptographic stablecoin, USDC, starting January 8th. Kraken says it will enable deposits and withdrawals of USDC at 14:30 UTC on January 8. “The first trades will start shortly after funding is enabled as sell orders… Read More

December 20, 2019 @ 10:29 am By Cali Haan  |  

A former employee for the Kraken cryptocurrency exchange (Payward Inc.) is suing the company in California for discrimination, harassment, wrongful dismissal and retaliation for whistleblowing. The story was broken by Attack of the 50-Foot Blockchain author, David Gerard. Plaintiff Nathan Peter Runyon, “a decorated Marine… Read More

December 17, 2019 @ 10:20 pm By Cali Haan  |  

The OTC division of San Francisco’s Kraken cryptocurrency exchange has announced it is acquiring prominent crypto start up Circle’s “Circle Trade” OTC division. “Today, we’re excited to announce that Kraken is acquiring one of the most recognized OTC desks in crypto, Circle Trade,” Kraken states… Read More

November 29, 2019 @ 4:03 pm By Cali Haan  |  

Kraken’s highest-tiered and verified ‘pro’ customers will now be able to use Silvergate Bank’s Exchange Network (SEN) to fund their cryptocurrency trading accounts. An announcement on the Kraken blog states: “We are pleased to announce that Kraken has joined the Silvergate Exchange Network (SEN)…a proprietary internal… Read More

October 23, 2019 @ 10:19 pm By Cali Haan  |  

The San Francisco-based cryptocurrency exchange Kraken is partnering with “crypto trading terminal” providers Cryptowatch and “decentralized crypto trading platform agglomerator Totle, “to allow users to execute cryptocurrency trading strategies on both centralized exchanges and decentralized financial applications from a single platform.” The companies say the venture,… Read More

July 5, 2019 @ 10:02 am By Cali Haan  |  

Jessie Powell, the CEO of the San Francisco-based cryptocurrency trading platform Kraken told TD Ameritraid Monday that real money pouring onto crypto exchanges fuelled Bitcoin’s recent price rise, not controversial synthetic USDs called tethers. Tether printing comes after fiat and not before, said Powell: “Recently,… Read More

May 21, 2019 @ 11:38 am By JD Alois  |  

Popular crypto exchange Kraken is crowdfunding. Kraken has partnered with Bnk to the Future to “create a rare, but limited opportunity for both large and small investors to own shares of Kraken stock.” Kraken claimed over $85 billion in crypto trading during 2018. Beginning yesterday… Read More

April 26, 2019 @ 4:12 pm By Samantha Hurst  |  

Cryptocurrency exchange Kraken announced earlier this week it was listing Cosmo (ATOM) on its platform. Kraken reported it has enabled funding and trading. Clients are now able to place buy orders as soon as trading is enabled, but sell orders will not start appearing until… Read More

April 11, 2019 @ 11:26 am By Cali Haan  |  

A man who formerly managed institutional sales and trading for the Kraken cryptocurrency exchange is suing the firm for more than $900 000 USD in commissions he claims are outstanding, Bloomberg reports. The suit filed in New York on April 4th by the Silver-Miller Law… Read More

January 18, 2019 @ 12:17 pm By Cali Haan  |  

Crypto wallet and trading app provider Shapeshift has disclosed that it received 60 requests for information from law enforcement agencies across the globe last year. The company says it is providing the data on law enforcement inquiries in the interest of transparency and to distinguish… Read More

December 16, 2018 @ 2:56 pm By Cali Haan  |  

Kraken cryptocurrency exchange, one of the largest and longest-established crypto exchanges in the US, is offering private equity shares of the company to accredited investors for a minimum investment of $100 000. Kraken sent an email soliciting equity contributions this week to “our most valued… Read More

November 21, 2018 @ 2:39 am By Cali Haan  |  

The San Francisco-based cryptocurrency exchange Kraken has begun supporting the “BSV” coin, a crypto token product of last Thursday’s contentious hard forking of Bitcoin Cash. Bitcoin Cash is itself a “fork” or code-splice/copy of Bitcoin created by early Bitcoin champion Roger Ver and allies, who… Read More