Jesse Powell, the founder of Kraken exchange, has voiced strong support for Brian Brooks, the former acting US Comptroller of the Currency, as the next Chair of the Securities and Exchange Commission (SEC). Powell highlighted Brooks’ broad expertise in a Nov. 19 post on X, noting that his understanding extends beyond crypto to the SEC’s…
Quantoz launches MiCA-compliant stablecoins USDQ and EURQ, pegged to USD and EUR. Backed by Tether, Kraken, and Fabric Ventures for strong market entry. Dutch fintech company Quantoz Payments has launched two MiCA-compliant stablecoins, USDQ and EURQ, with backing from Tether, Kraken, and Fabric Ventures. The tokens pegged to the U.S. dollar and euro, aim to…
The total amount raised in the crypto industry during October 2024 saw a significant increase of 96% month-over-month, reaching $1.76 billion. According to Messari’s latest report, this represents the highest level of fundraising activity since November 2023. 282 Crypto Deals in October The report shows that the deal count in October increased by 25% compared…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Kraken, a prominent centralized crypto exchange, revealed an unusual but eye-opening scam attempt. A fraudster tried to hijack a client’s account by disguising with a rubber Halloween mask. Digital security is a major concern in crypto, as hackers and scammers continuously look for ways to exploit vulnerabilities. The overall…
November 8, 2024 at 03:45 AM GST updated: November 8, 2024 at 01:41 AM 2 mins read News SEC’s motion against Kraken targets “fair notice” and “major questions doctrine” defenses. Kraken argues need for clarity in SEC’s crypto regulations as legal battle continues. SEC aims to expedite proceedings, citing efficiency and resource conservation. The US…
Kraken’s legal team, led by attorney Michael O’Connor, has criticized the US Securities and Exchange Commission (SEC) for its latest attempt to dismiss critical defenses raised by the exchange in their ongoing legal battle. On Nov. 6, O’Connor shared a statement on X, condemning the SEC’s approach as an attempt to “avoid discovery” into what…
November 7, 2024 at 07:50 PM GST updated: November 7, 2024 at 07:37 PM 2 mins read Crypto Live News SEC challenges Kraken’s claims of unclear crypto regulations in court, seeking to dismiss key defenses. Court denies Kraken’s major questions defense, supporting SEC’s view on securities law applicability. SEC seeks to limit discovery scope in…
On Nov. 5, crypto, venture capital, and fintech firms Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood announced the launch of the “Global Dollar Network.” The partners are combining resources and expertise to increase stablecoin adoption and expand real-world use cases with the launch of the Global Dollar USDG stablecoin. Paxos will be…
The Global Dollar is issued out of Singapore by Paxos and is “substantially compliant” with the MAS Tether’s USDT stablecoin accounts for more than 75% of the market Kraken’s co-founder said there is a “lack of competition” in the stablecoin market A group of cryptocurrency and financial technology companies have introduced a joint stablecoin, the…
Kraken has announced the completion of its 2024 Proof of Reserves, an independent verification process conducted by a third-party accountant. This procedure allows clients to confirm that their account balances are fully backed by onchain assets. The latest attestation, which became available on November 1, 2024, covers a total value of over $21.5 billion in…
Kraken has announced the launch of a licensed broker offering specifically designed for Australian wholesale clients, providing access to a range of crypto-based derivatives products. This new service allows eligible clients to manage risk and gain exposure to cryptocurrency price movements without the need to hold the underlying assets. The offering is backed by Kraken’s…
Kraken exchange has recently made the tough decision to lay off about 400 employees, which amounts to a 15% reduction in its workforce. This move is part of a broader effort to streamline operations and enhance “organizational discipline” after experiencing significant growth that pushed its revenue past the $1 billion mark. The layoffs primarily affect…
Crypto.com’s trading volume jumped to $134B in September. The platform listed 378 tokens, outpacing its rivals in the market. Crypto.com has significantly grown digital asset trading in 2024, surpassing Coinbase Global Inc. in trading volumes across North America. The firm recorded a monthly spot trading volume of $134 billion in September. This marks a significant…
Kraken, a global cryptocurrency exchange, plans to launch its blockchain, Ink, by early 2025. The blockchain aims to give users access to decentralized finance (DeFi) without intermediaries. Kraken’s project, inspired by Coinbase’s Base network, will begin with a beta phase set for later this year. Blockchain developers will use Ink to build decentralized applications (dApps)…
Kraken’s “Ink” blockchain, set for Q1 2025, will enhance DeFi accessibility, offering a user-friendly ecosystem without a native token. Built on Layer 2 using the OP Stack, Ink aims to enhance scalability and interoperability, marking Kraken’s competitive move in the blockchain space. The last development update on Kraken highlighted its expansion with a Bermuda license,…
GOAT perpetual futures are now live on Kraken, offering up to 50x leverage and long-term trading strategies. GOAT futures are available on Kraken, BitMEX, and Binance, reflecting the token’s growing presence in major exchanges. Kraken Exchange has officially launched GOAT perpetual futures, providing traders with a new way to bet on the price of GOAT,…
Kraken is setting its sights on launching its own blockchain next year, much like Coinbase’s Base chain, according to a report from Bloomberg’s Olga Kharif. The new network, which is focused on decentralized finance (defi), is expected to release a testnet later this year. Reportedly named “Ink,” the blockchain is slated to be ready for…
Crypto exchange Kraken announced the upcoming launch of Ink, an Ethereum layer-2 network based on the Optimism Superchain, in an Oct. 24 statement. Ink aims to empower users to trade, borrow, and lend tokens without the need for intermediaries, marking a significant shift from Kraken’s current centralized exchange model. Ink founder Andrew Koller said: “Ink…
Following over a decade of operating as one of the largest digital asset trading platforms, the United States-based crypto exchange Kraken has decided to launch its own blockchain. A Bloomberg report disclosed that Kraken’s network would likely go live in early 2025. The new blockchain, dubbed Ink, would be designed primarily for decentralized applications enabling…
As the cryptocurrency sector has continued to grow substantially this year, the Kraken crypto exchange is reportedly set to launch its very own blockchain in 2025. Indeed, one of the industry’s earliest exchanges, the platform is preparing a developer testnet for its incoming ‘Ink’ network. Set to launch in the early months of next year,…
October 23, 2024 at 05:00 PM GST updated: October 23, 2024 at 02:11 PM 6 mins read Press Release The QuickShock event in Dubai is not just another conference. It is a closed event with the participation of top managers of exchanges, hedge funds and other leaders of the crypto industry, where you can discuss…
Solana (SOL)-based memecoin launch platform, Pump.fun has liquidated $78 million worth of SOL, forcing a nosedive from the recent high of $170. A Solana whale is also reported to have sold 22,726 SOL ($3.86 million), however, he still holds 20,000 SOL ($3.33 million). Solana (SOL)-based Memecoin-launch platform Pump.fun is reported to have generated total revenue…
While new cryptocurrencies come into being one after another, staking has become one of the favorite ways for investors to make passive income by locking their crypto assets. This article will guide you to the best staking platforms to earn passive income in 2024 as follows. OkayCoin Binance Kraken Coinbase Crypto.com Nexo Ku Coin Bybit…
Kraken, a leading cryptocurrency exchange, has launched its wrapped Bitcoin token, kBTC. The new token, available on the Ethereum and Optimism networks, is backed 1:1 by Bitcoin. This move aims to expand Bitcoin’s utility within decentralized finance (DeFi) ecosystems. kBTC from Kraken is Bitcoin with greater interoperability across many different blockchain platforms. By allowing users…
In what is an important move for the cryptocurrency exchange, Kraken has announced it is launching its very own wrapped Bitcoin token, kBTC. Indeed, the debuting token is set to arrive on both Ethereum and the OP Mainnet, the exchange recently told CoinDesk. The move follows one taken by crypto exchange Coinbase earlier this year….
Kraken has launched KBTC, a wrapped bitcoin product fully backed 1:1 by bitcoin and compatible with multiple networks. KBTC aims to expand bitcoin’s use beyond its native chain and into decentralized finance (defi) ecosystems. Kraken Introduces KBTC to Enhance Bitcoin’s Utility Across Networks Kraken’s KBTC is an ERC20 token that allows bitcoin (BTC) to interact…
Kraken has introduced a new wrapped Bitcoin product, kBTC, to tap into the rapidly expanding sector, according to an Oct. 17 statement. kBTC is a fully-backed, cross-network-compatible ERC-20 token representing Bitcoin. Each kBTC is backed 1:1 by an equivalent amount of Bitcoin, stored securely in Kraken’s custody, with on-chain reserves available for public verification. The…
October 17, 2024 at 09:20 PM GST updated: October 17, 2024 at 08:03 PM 2 mins read News Kraken’s kBTC is a 1:1 backed ERC-20 token, enhancing Bitcoin’s utility across Ethereum and OP Mainnet for DeFi users. With kBTC, Kraken leverages 13 years of expertise, ensuring secure, transparent access to Bitcoin in decentralized applications. Users…
Kraken announced the launch of its own wrapped Bitcoin token custodied by the crypto exchange. Dubbed ‘Kraken Bitcoin (kBTC),’ the new product is a fully backed, cross-network-compatible ERC-20 representation of Bitcoin. According to the official blog post, kBTC is held at the cryptocurrency exchange’s Wyoming-chartered Special Purpose Depository Institution (SPDI) – Kraken Financial. kBTC is…
Kraken has launched a new feature allowing its clients to restake their ether (ETH) directly on the platform through Eigenlayer. This integration, Kraken says, makes the relatively complex process of restaking more accessible to a broader audience, especially those who have already staked ether on Kraken. Kraken Introduces ETH Restaking to Broaden Defi Access Kraken’s…
Crypto exchange Kraken announced its successful integration with EigenLayer, enabling its users to restake Ethereum (ETH) directly from the platform, according to an Oct. 15 press release. The partnership aims to simplify restaking, making it more accessible to a broader range of users. Access to the service is currently limited to verified Kraken Pro users…
A recent survey by Kraken reveals that a significant 83.53% of crypto investors have used dollar-cost averaging (DCA), with 59% employing it as their primary investment strategy. The survey, which polled 1,109 crypto investors, delved into the real-world effectiveness of DCA in helping investors manage market volatility and avoid emotional decision-making. Interestingly, younger investors (18-29…
Coinbase has announced a significant update for its users, enabling them to send Bitcoin to Taproot addresses on October 8th. This integration expands Taproot’s accessibility, enhancing privacy, scalability, and security. With the latest support, Coinbase has joined prominent crypto exchanges such as Binance, OKX, and Kraken. In its tweet, the crypto exchange stated, “We’re pleased…
According to a September 7 report by Bloomberg, Premier League (PL) clubs have secured a record-breaking $170 million in sponsorship deals from crypto companies for the 2024/25 season. This uptick comes as league participants face tightening restrictions on gambling sponsorships, which have traditionally been a major source of revenue for them. Crypto Sponsorships on the…
The Australian Federal Police have taken a major step against organized crime by seizing $9.3 million in cryptocurrency. The operation uncovered a secret encrypted communication platform, Ghost, leading to the arrest of its alleged mastermind. Through digital forensics, authorities cracked the suspect’s crypto accounts. With previous operations yielding millions in seized assets, the ongoing investigation…
Cryptocurrency exchange Kraken has launched a new regulated derivatives trading platform in Bermuda after obtaining a Class F Digital Business License from the Bermuda Monetary Authority. This platform offers over 200 contracts, including perpetual and fixed-maturity futures, and aims to provide a secure and reliable trading experience. The move highlights Bermuda’s supportive regulatory environment and…
October 4, 2024 at 04:40 PM GST updated: October 4, 2024 at 04:32 PM 1 min read News Coinbase to delist all non-compliant stablecoins in the EEA by December 2024. MiCA regulation forces exchanges to restrict unauthorized stablecoins. Tether among stablecoins facing delisting due to EU MiCA rules. Coinbase plans to delist all unauthorized stablecoins…
After Coinbase and HashKey Global reach the island, Kraken follows suit. Kraken’s legal name, Payward Digital Solutions, was granted a Class F Digital Business License. In order to facilitate derivatives trading, crypto exchange Kraken has established a trading platform in Bermuda. The BMA has granted Kraken the necessary license. An increasing number of people are…
October 3, 2024 at 02:50 PM GST updated: October 3, 2024 at 11:51 AM 2 mins read News An Ethereum ICO investor sold 19,000 ETH ($47.54M), triggering concerns about potential impacts on ETH price. ETH dropped 3.5% to $2,387.53 after the sale, amid broader market factors like ETF outflows and institutional inflows. Reactivation of dormant…
XMR price dropped nearly 7% after Kraken’s EEA delisting, reflecting regulatory challenges for privacy coins. Bearish technical indicators suggest Monero’s downtrend may persist amid increasing regulatory pressure. Monero (XMR) experienced a nearly 7% price drop following Kraken’s announcement to delist the privacy coin in the European Economic Area (EEA) due to regulatory changes. This may…
Kraken has announced its decision to end support for Monero (XMR) in the European Economic Area (EEA) by the end of October, according to an Oct. 1 statement. The exchange explained that this decision was due to the recent regulatory shifts in the region. Due to this, the platform stated: “On October 31 2024 at 15:00…
Kraken has announced the delisting of Monero (XMR) across the entire European Economic Area (EEA) due to regulatory changes. Effective October 31, 2024, at 15:00 PM UTC, trading and deposits for all XMR markets will be halted, and any open orders will be automatically closed. Clients will have until December 31, 2024, to withdraw their…
Kraken completed its acquisition of Dutch broker BCM, boosting its European expansion ahead of MiCA regulations. The acquisition strengthens Kraken’s market presence, offering expanded crypto services across multiple European countries. Kraken, a renowned cryptocurrency exchange, has officially finalized its acquisition of Coin Meester B.V. (BCM), one of the Netherlands’ oldest licensed cryptocurrency brokers. This move…
September 25, 2024 at 03:15 AM GST updated: September 25, 2024 at 03:06 AM 2 mins read News A dormant Bitcoin wallet from 2009 reactivates, moving 10 BTC to Kraken in three transactions after a decade-long inactivity. Early Bitcoin miner’s wallet, holding 1,215 BTC worth over $77M, resumes activity for the first time in over…
Kraken’s acquisition of BCM boosts its European market presence and service offerings. The firm is well-prepared to adapt to new MiCA regulations, enhancing regulatory compliance. Kraken Exchange has officially announced the completion of its acquisition of Coin Meester B.V. (BCM), a Dutch digital asset broker. This strategic move underscores Kraken’s commitment to regulatory compliance and…
Kraken has announced its acquisition of Coin Meester (BCM), one of the Netherlands’ oldest registered crypto brokers, according to a Sept. 24 statement. This move aims to strengthen Kraken’s presence in the Dutch market and also expand its business reach with virtual asset service provider (VASP) licenses in France and Poland. Brian Grahan, Kraken’s managing…
An early bitcoin whale has made waves in the crypto world, according to the onchain analytics platform Arkham Intelligence. This long-time holder transferred five bitcoins to Kraken, while still sitting on an impressive 1,215 BTC—worth a hefty $77 million as of today. Arkham: Vintage Bitcoin Whale Sends 5 BTC to Kraken After Years of Inactivity…
Kraken has closed the acquisition of Dutch cryptocurrency exchange Coin Meester B.V. The exchange has been expanding its services across EU ahead of MiCA regulation. Crypto exchange Kraken has completed the acquisition of Coin Meester B.V., or BCM, a regulated Netherlands-based crypto broker. BCM has regulatory approval as a registered virtual asset service provider in…
A cryptocurrency trader has made headlines by securing a profit of $131.72 million through a strategic investment in Ether (ETH). This notable trade was made during the 2022 bear market, after which the individual held onto the assets through volatile market conditions. The Investors Strategy Blockchain analytics firm Lookonchain has identified an Ether address that…
September 23, 2024 at 01:15 AM GST updated: September 23, 2024 at 12:28 AM 2 mins read News Ethereum whale deposits 15,000 ETH worth $38.4M to Kraken, sparking market watch. ETH price surge follows Fed’s rate cut, climbing 6.39% in just one week. Whale’s 26,639 ETH stash now valued at $69.7M, profits soar to $132M….