Kraken

Highlights: Kraken launches licensed crypto derivatives brokerage for wholesale clients in Australia, enhancing institutional access to crypto markets. The new service offers over 200 tradable assets with multi-collateral support, adhering to strict regulatory compliance. Kraken expansion in Australia follows regulatory […]

Highlights: Kraken has elicited a workforce overhaul that involved laying off some workers and promoting some. Arjun Sethi became a co-CEO at Kraken as the exchange seeks new heights in the global market. The co-CEOs spoke on eliminating layers while […]

Highlights: Kraken launches own Wrapped Bitcoin token, kBTC, fully backed 1:1 by Bitcoin, expanding its utility on Ethereum and OP Mainnet. kBTC enables Bitcoin holders to interact with DeFi applications, bridging Bitcoin with other blockchain networks. To ensure security and […]

Highlights: Mt. Gox extends creditor repayment deadline to 2025, easing immediate concerns in the crypto market. Creditors still face challenges in the repayment process as Mt. Gox struggles with delays and complications. The collapse of Mt. Gox in 2014 due […]

Highlights: Kraken launched a regulated derivatives platform in Bermuda, offering over 200 contracts, including perpetual and fixed-maturity futures. Bermuda’s clear regulatory framework attracts major crypto firms like Kraken, Coinbase, HashKey Global, and Binance. Kraken is expanding offshore after facing regulatory […]

Highlights: Kraken to delist Monero in the EEA due to regulatory changes, halting trading and deposits by October 31, 2024. Users can withdraw Monero until December 31, while the remaining balances will convert to Bitcoin at market rates. Regulatory pressures, […]

Highlights: Kraken acquires BCM, a Dutch crypto broker, expanding its European footprint and services before MiCA regulations take effect. The acquisition enhances Kraken’s registered VASP status in France and Poland, strengthening compliance and client experience. BCM clients will access Kraken’s […]

Highlights: Kraken challenges the SEC’s authority, arguing digital assets are not securities under the Securities Act and Exchange Act. Kraken seeks a jury trial, maintaining its stance that it did not violate federal securities laws. SEC lawsuit against Kraken proceeds […]

Highlights: A PEPE whale dumped 330 Billion tokens, drawing community interest. Whale retains 1 trillion PEPE tokens after recent significant transactions. PEPE’s NVT ratio hit an all-time high, signaling potential overvaluation amid mixed market reactions. Pepe (PEPE), the third-largest meme […]

Highlights: A United States court recently rejected Kraken’s bid for an appeal in its legal dispute with the U.S. SEC. The court case that began in November 2023 has negatively impacted Kraken’s outlook. The CLO at Kraken has reacted to […]

Highlights: Australia’s Federal Court rules against Kraken’s Bit Trade for regulatory non-compliance. ASIC emphasizes the importance of strict adherence to financial regulations in the crypto industry. Kraken commits to complying with court decisions amid legal challenges in Australia. On Friday, […]

Highlights: Bitstamp starts distributing Bitcoin, Bitcoin Cash, and Ethereum to Mt. Gox creditors on July 25, 2024. Approximately 20,000 former Mt. Gox users to receive over $9 billion in restored digital assets. UK customers are to receive their share of […]