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Kraken Crypto Exchange News

Get all the latest & breaking news, and updates on Kraken. Check crypto exchange platform Kraken updates, valuation, and more on Coinxhigh.com

C.J. Rinaldi moves from Blockchain.com to Kraken

Blockchain.com’s former chief compliance officer, C.J. Rinaldi, moves to compliance-related services to Kraken as he becomes the company’s newest hire. Hiring from rival exchanges Less than two months after Kraken, one of the largest crypto exchanges in the world, laid off about 1,100 of its employees, the centralized bitcoin…

Darknet Market Solaris Hacked by Competitor, Elliptic Reveals

A leading marketplace on the dark web, Solaris, has been hit by a rival, according to crypto analytics company Elliptic. The Russia-linked platform, which tried to occupy space vacated by the busted Hydra, is believed to have conquered up to a fifth of the illicit market before the hack.…

Kraken Is Leaving Japan, Laying Off Several Employees

Popular digital currency exchange Kraken has announced it is closing its Japan branch this month and laying off all its employees in the Land of the Rising Sun. Kraken Is Stepping Away from Japan The Japanese division of Kraken is called Payward Asia. In a recent blog post, the…

Aussie ‘Big 4’ bank mints stablecoin for carbon trading and remittances

National Australia Bank (NAB) is set to become the second “Big 4” Australian bank to launch an Australian dollar-pegged stablecoin on the Ethereum network. Set to launch sometime in mid-2023, the AUDN stablecoin is aimed at streamlining cross-border remittances and carbon credit trading, according to a Jan. 18 report…

Coinbase Leaves Japan After Trade Collapse

Even if Bitcoin’s price has returned to where it was before the FTX crash, the sector is still being negatively affected by the contagion, which has forced the cryptocurrency exchange Coinbase to cease operations in Japan. Due to the current state of the market, Coinbase made the decision on…

Crypto Exchange Kraken Lays Off Over 1,000 Employees

Kraken – a popular digital currency trading platform based in northern California – is laying off more than 1,000 employees as it attempts to deal with the ongoing crypto winter. Kraken Says Bye to a Lot of Workers The crypto exchange says that the maneuver has nothing to do…

Lido overtakes MakerDAO and now has the highest TVL in DeFi

Liquid staking protocol Lido Finance appears to have benefited most from the Ethereum merge in September, with its total value locked (TVL) now sitting at the top position among other decentralized finance (DeFi) protocols. According to data from DeFiLlama, Lido’s liquid staking protocol now commands $5.9 billion in TVL,…

Nic Carter examines recent crypto proof-of-reserves, ranks exchanges

The narratives around proof-of-reserves have become more pronounced in the wake of the FTX collapse. Nic Carter, a well-known bitcoin advocate and Coin Metrics co-founder, ranked the attestations made by the major crypto platforms. To help with all the lingering questions on proof-of-reserves (PoR), Carter had to focus his…

Kraken Shutting Down Crypto Exchange in Japan Citing Weak Global Crypto Market

Cryptocurrency exchange Kraken is shutting down services in Japan. The company explained that the current Japanese market conditions and a weak global crypto market do not justify the resources needed to further grow its business in Japan at this time. Kraken Exiting Japan Cryptocurrency exchange Kraken announced Wednesday that…

Prolonged Crypto Winter Pushes Kraken Exchange Out Of Japan

The crypto winter is a drawn-out one exacerbated by the collapse of large players such as Terra and the FTX crypto exchange. As crypto businesses continue to feel the effects of the current bear market, another major player, Kraken, has been affected to the point that it has, once…

Kraken to withdraw from Japan, cites bad market conditions

The U.S.-based cryptocurrency exchange Kraken, founded in 2011, has said it will withdraw from Japan. The platform cites bad market conditions following the collapse of FTX. According to a Wednesday report by Nikkei, Payward Asia Co., Ltd. — which operates Kraken’s procedures in Japan — will cease the crypto…

Kraken Leaves Japan Again, Citing A Poor Crypto Market.

Kraken, a global cryptocurrency exchange, has made the decision to suspend its operations in Japan for a second time. The company cites a strain on its resources as the primary motivating factor for this decision. In a blog post published on December 28, Kraken announced that it had made…

Kraken unveils public beta of its NFT marketplace 

Jesse Powell’s Kraken crypto exchange has announced the launch of the public beta of its digital collectibles marketplace dubbed Kraken NFT. The team says the platform enables creators and collectors to explore, discover and trade NFTs securely with zero gas fees. Kraken NFT beta now live  While the ongoing…

Kraken unveils its pro trading platform 

Crypto exchange Kraken joins the cohort of platforms offering its users a pro version. The announcement comes just weeks after laying off 30% of its workers. Kraken Pro has launched a set of sophisticated trading tools and a new user interface that streamlines access to spot trading, margin trading,…

Report: Before the Bankruptcy Filing, FTX Co-Founder SBF Was Told by Crypto Execs to ‘Stop Trying to Depeg Stablecoins’

According to a recent report published by the Wall Street Journal (WSJ), cryptocurrency executives were allegedly concerned that Sam Bankman Fried’s (SBF) Alameda Research was trying to “depeg stablecoins.” Purportedly, high-up executives from crypto exchanges are members of a Signal chat group called “Exchange coordination,” and Binance CEO Changpeng…

Kraken founder queries FTX’s Margin trading program

Jesse Powel, Kraken founder is concerned about how FTX ran their trades without being in control of their Margin Trading Program, posing several questions and solutions via his Twitter account. Kraken former CEO says SBF was greedy Mr. Powell gave an insight at how FTX might have caused their…

US Trustee Plans to Appoint an Examiner to FTX Case, While SBF Describes Strange Margin Trading Practices

On Dec. 1, 2022, an attorney for the U.S. Trustee submitted a written letter to Delaware bankruptcy court officials that seeks to establish an independent examiner to investigate the FTX Chapter 11 bankruptcy proceedings. The U.S. Trustee explained in the letter that FTX’s collapse was comparable to complex bankruptcy…

Kraken laying off 30% of global workforce

According to co-founder and CEO Jesse Powell, Kraken, one of the biggest crypto exchanges in the world, will let go of around 1,100 employees, or 30% of its workforce, “in order to adapt to current market conditions.” The industry pain deepens As the effects of this year’s digit-asset market…

Total crypto market-cap hits $850M as Bitcoin and altcoins recover from FTX’s collapse

The total cryptocurrency market capitalization gained 2% in the past seven days, reaching $850 billion. Even with the positive movement and the ascending channel that was initiated on Nov. 20, the overall sentiment remains bearish and year-to-date losses amount to 63.5%. Total crypto market cap in USD, 4-hour. Source:…

Crypto Exchange Kraken Settles With Treasury Department Over Sanctions Violations

Crypto exchange Kraken has settled with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) over its apparent violations of sanctions against Iran. The cryptocurrency exchange has agreed to remit $362,159 to settle its potential civil liability and invest an additional $100,000 in certain sanctions compliance…

Ethereum derivatives look bearish, but traders believe the ETH bottom is in

Ether (ETH) rallied 5.5% in the early hours of Nov. 29, reclaiming the critical $1,200 support. However, when analyzing a broader time frame, the 24% negative performance in the past 30 days significantly impacts investors’ sentiment. Moreover, investors’ mood worsened after BlockFi filed for bankruptcy on Nov. 28. Newsflow…

Kraken pays $360k penalty after OFAC’s Iran accusation

The Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department announced in a statement on Monday that it has achieved an agreement with the crypto exchange Kraken regarding serving Iranian customers. Kraken agrees to pay fines for breaking American sanctions Kraken, a cryptocurrency exchange, has consented to…

Kraken settles with US Treasury’s OFAC for violating US sanctions

The United States Treasury Department’s Office of Foreign Assets Control, or OFAC, has announced a settlement with crypto exchange Kraken for “apparent violations of sanctions against Iran.” In a Nov. 28 announcement, OFAC said Kraken had agreed to pay more than $362,000 as part of a deal “to settle…

Crypto Exchange Kraken Is Cutting Off Russian Customers

Popular digital currency trading platform Kraken has announced it is cutting off all business with Russian customers, and the country will not be able to take advantage of its digital currency services. Kraken Ends All Russia-Based Services The big question to ask here is, “What the heck happened?” Back…

Binance proof-of-reserves is ‘pointless without liabilities’: Kraken CEO

The collapse of the crypto exchange FTX revealed the importance of proof-of-reserves in avoiding situations involving the misappropriation of users’ funds. While exchanges have proactively started sharing wallet addresses to prove the existence of users’ funds, several entrepreneurs, including Kraken CEO and co-founder Jesse Powell, called the practice “pointless”…

Kraken’s Jesse Powell Takes Aim at Newly Launched Proof-of-Reserve Lists, POR Audit ‘Requires Cryptographic Proof’

On Tuesday, amid the many conversations concerning crypto exchange proof-of-reserves, Kraken executive Jesse Powell shared a screenshot of coinmarketcap.com’s newly launched proof-of-reserves (POR) dashboard. Powell said he planned to be “more assertive with calling out problems,” and he stressed that a POR audit “requires cryptographic proof of client balances…

Bankman-Fried’s Private Jet Causes Buzz, Kraken CEO Addresses FTX Collapse, More Sleeping Bitcoins Wake Up — Week in Review

With the colossal collapse of crypto exchange FTX in recent weeks, excitement in the world of cryptocurrency and finance has been in no short supply. Former FTX CEO Sam Bankman-Fried’s private jet was reportedly spotted heading to Argentina, Kraken’s CEO has addressed the fallout of the Alameda/FTX saga, saying…

Kraken extends support for deposits and withdrawals of SOL USDC

Besides the Ethereum network, users can now deposit and withdraw USD Coin on Solana and Tron, according to a Twitter post by Bill King, Growth Marketing Lead. The support for these two networks is already live. Users can easily transfer funds to their account by navigating the Funding drop-down…

US crypto exchanges lead Bitcoin exodus: Over $1.5B in BTC withdrawn in one week

Bitcoin (BTC) has flooded out of exchanges in the past week as users become wary of security and regulatory scrutiny. Data from on-chain monitoring resource Coinglass shows United States exchanges in particular seeing heavy BTC balance reductions. U.S. exchanges lead BTC exodus In the wake of the FTX scandal,…

Binance lags behind Coinbase, Kraken and Gate.io in proof of reserves initiative

On November 8, Changpeng Zhao — the CEO of the world’s leading crypto exchange, Binance — suggested that cryptocurrency exchanges should provide proof of reserves. Still, his exchange ended up not being one of those that led by example regarding this initiative. As of November 14, cryptocurrency exchanges Binance, Kraken, Coinbase,…

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