Tagged: kraken

SEC Crypto Crackdown Expected to Continue. Who Will Be Next?

  SEC Chair Gary Gensler received some face time this morning on CNBC in the wake of the Commission’s enforcement action taken against crypto exchange Kraken. The platform was compelled to pay a $30 million penalty for its staking service offered to US investors. Staking… Read More

Fireblocks, Proof of Stake Alliance Comment on Kraken’s Settlement with SEC

  Digital asset firm Kraken’s settlement with the US Securities and Exchange Commission (SEC) has left many wondering what this means for the industry’s future. Fireblocks’ Chief Legal & Compliance Officer Jason Allegrante and Proof of Stake Alliance (POSA)’s Executive Director Alison Mangiero have the… Read More

Coinbase Shares Sink 14% Following SEC Enforcement Action Targeting Kraken

Shares in Coinbase (NASDAQ:COIN), the only publicly traded crypto exchange in the US, tanked today – perhaps reacting to the SEC’s enforcement action taken against rival crypto exchange Kraken. In a complaint revealed today, the SEC claimed that crypto staking, or staking as a service,… Read More

Staking No More: Kraken Hit With $30 Million Penalty by SEC, Halts Crypto Staking for US Accounts

Following industry rumblings anticipating the move, the Securities and Exchange Commission (SEC) has taken action against crypto exchange Kraken in regard to their staking service. Kraken has settled the charges by the SEC without admitting or denying the allegations and paying a $30 million penalty…. Read More

Digital Asset Firm Kraken Releases Latest Transparency Report

In an effort to lead the industry in “trust” and “transparency” on their mission to accelerate the adoption of cryptocurrency, Kraken is pleased to release its 2022 Transparency Report. The 2022 Transparency Report “provides a summary of how they protect their clients’ privacy and financial… Read More

Bitcoin Adoption Still in Early Growth Phase as Relatively Small Percentage of People Invested in Crypto-Assets: Report

The Bitcoin market has evolved “dramatically” since its launch in 2009, according to an update from Kraken. The team at Kraken notes that what was once an “intimately small” group of tech enthusiasts has grown into a global community of investors. Some 40 million crypto… Read More

Kraken Remains Committed to Accelerating Crypto Adoption, Despite Layoffs, Exiting Japan

There has never been a “dull moment” in crypto, and this year was no exception, the team at Kraken noted. In 2022, Kraken celebrated 11 years of their mission “to accelerate the adoption of cryptocurrency so that you and the rest of the world can… Read More

NFTs: Kraken NFT Adds RENGA Black Box, Invisible Friends, Great Goats, Other Collections

The team at Kraken has announced that they have added ten new NFT collections to Kraken NFT for our current beta testers to explore, collect and trade. After revealing the first 70 collections earlier this year, and dozens more over the past few weeks, Kraken… Read More

Bitcoin Taproot Address Supported on Kraken

Digital asset firm Kraken is pleased to announce that their crypto trading platform now supports withdrawals to Taproot (Bech32m) Bitcoin addresses. Taproot is “an upgrade to the Bitcoin protocol that aims to improve the privacy and efficiency of the world’s first and largest cryptocurrency.” Taproot… Read More

Kraken to Slash Employee Count by 1100 Individuals

Kraken, the third largest crypto exchange according to Coinmarketcap, has decided to reduce its workforce by 1100 employees representing approximately 30% of its headcount. The reduction in employees was revealed in a blog post today by Kraken CEO and co-founder Jesse Powell. Powell said the… Read More

Senator Ron Wyden, Chairman of Senate Finance Committee – Presses Crypto Exchanges on Risk, Consumer Protection

  Senator Ron Wyden, the Chairman of the Senate Committee on Finance, has sent letters to several crypto exchanges which operate in the US pressing them on consumer protection concerns in the wake of the bankruptcy of FTX. Senator Wyden contacted the following crypto exchanges; … Read More

Kraken Settles with US Department of Treasury, Pays $362K Penalty

Crypto exchange Kraken has settled with the US Department of Treasury, which had alleged sanction violations. Falling under the Office of Foreign Assets Control (OFAC), Kraken has agreed to pay $362,158.70 to settle a possible civil liability for claimed violations of the Iranian Transactions and… Read More

Kraken to Allow Digital Asset Investors to Enhance Crypto Portfolios with Recurring Buys

The team at Kraken says you can keep calm and HODL on, because recurring buys are now available on the Kraken app. This new feature lets you “schedule your crypto purchases quickly and easily, which saves you time and can help ease the stress of… Read More

Digital Assets: Kraken Announces Support for The Graph (GRT) Staking

The team at Kraken notes that they’re pleased to announce that their crypto trading platform now supports staking for The Graph (GRT) holders, From the Earn section of your Kraken account or from your Pro mobile app, you’ll be “able to stake your GRT holdings… Read More

Digital Asset Firm Kraken Claims its Committed to Ensuring Transparency and Trust

Given the current discussion regarding solvency, the team at Kraken wanted to explain the systems they have in place “to ensure that assets on [their] exchange are readily available to you at any time and especially during times of uncertainty.” First, it is important to… Read More

Digital Asset Platform Kraken Now Supports TOKE, MOVR, PHA Crypto Trading for US, Canada

Following Kraken’s listings of Altair (AIR), Basilisk (BSX), Bifrost (BNC), Karura (KAR), KILT (KILT), Kintsugi (KINT), Moonriver (MOVR), Phala (PHA) and Tokemak (TOKE) for most countries, Kraken is pleased to announce “the availability of these tokens for residents of the United States and Canada.” Funding… Read More

Kraken CEO Jesse Powell to be Replaced by COO Dave Ripley

Kraken, a top five crypto exchange operating in the US, has announced that Kraken CEO Jesse Powell will step down and be replaced by current COO Dave Ripley. In a blog post, Kraken explained that after a “rigorous” search Ripley was selected for the CEO… Read More

Ethereum Fork: Kraken Supports EthereumPoW (ETHW) Trading, Token Distribution

Digital asset firm Kraken is pleased to announce that their platform now supports EthereumPoW (ETHW). As mentioned in an update posted on September 16 by Kraken, ETHW trading “is live and the ETHW token has been distributed to eligible clients.” A further announcement will be… Read More

Ethereum After The Merge: More ETH Expected to be Destroyed than Created, Report Claims

We’re quickly approaching (or have already followed through with) The Merge, the most notable upgrade in Ethereum’s history and “a crucial turning point for the wider crypto industry,” according to an update from digital asset firm Kraken. As the Ethereum blockchain transitions from proof-of-work (PoW)… Read More

Bitcoin, Ethereum, Other Crypto-Asset Prices Decline Significantly: Report

After July’s green candles, August 2022 resumed a downward trend for crypto-assets across the board, the team at Kraken noted in a new report. Bitcoin, Ethereum and the rest of the crypto market “saw negative returns for the month.” Prices of BTC (-14%) and ETH… Read More

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