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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…
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.…
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…
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…
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…
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…
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,…
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…
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…
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…
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, 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…
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…
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,…
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…
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…
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…
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…
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 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…
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…
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…
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…
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…
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”…
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…
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…
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…
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,…
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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