September 19, 2024 at 02:45 AM GST updated: September 18, 2024 at 06:35 PM 2 mins read News One of the most critical aspects that cryptocurrency investors and traders need to consider. Here, five exchanges likely to be top players in 2024 – Kraken, Coinbase, KuCoin, Crypto.com, and Gemini live up to their billing due…
September 17, 2024 at 04:23 AM GST updated: September 16, 2024 at 10:27 PM 2 mins read News Expanding cryptocurrency trading has facilitated platforms such as Kraken, MEXC, OKX, Bybit, and Binance to offer advanced options for margin trading. These platforms have given traders access to high liquidity and diverse leveraged products to enhance their…
Kraken, a cryptocurrency exchange, has removed the Bitcoin Lightning Network service for its users in Germany owing to technical modifications. The suspension was initially ascribed to regulatory concerns by a Kraken support representative; however, a spokeswoman for the San Francisco-based firm emphasized that Kraken Support had erroneously identified these modifications as the cause for the…
Kraken has requested a jury trial in response to the US Securities and Exchange Commission’s (SEC) lawsuit, according to a Sept. 12 court filing. The move comes after a federal judge rejected Kraken’s bid to dismiss the case, which centers on claims that the platform operated an unregistered securities exchange. Kraken’s defense In its filing,…
Popcat meme coin rose more than 11% as Kraken announced listing for spot trading on Sept. 19. The POPCAT price reached highs of $0.67 and was trading higher at the time of writing. Solana meme coin Popcat (POPCAT) has traded higher after crypto exchange Kraken announced it would add spot trading support. The cat-themed meme…
The Australian Federal Court ruled that Kraken’s fiat margin extensions are subject to regulatory obligations, but crypto margin extensions are not. Kraken acknowledged the decision but stressed the need for clearer crypto regulations in Australia. Following the ruling, Kraken adjusted its margin product to restrict fiat margin trading for non-wholesale investors, while crypto margin extensions…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Kraken, one of the leading cryptocurrency exchanges, has encountered a significant legal challenge in Australia. Just recently, an Australian Federal Court ruled in a lawsuit brought by the Australian Securities and Investments Commission (ASIC). The lawsuit centered around Kraken’s offering its Magic Extension Product to Australian retail investors, particularly…
September 8, 2024 at 07:00 AM GST updated: September 7, 2024 at 06:04 PM 2 mins read News Although decentralization is commonly associated with blockchain technology, several centralized cryptocurrencies have emerged as industry heavyweights. These tokens, usually owned by certain companies or organizations, provide a perfect combination of centralized regulation and easy access to cryptocurrencies….
September 8, 2024 at 05:00 AM GST updated: September 7, 2024 at 05:47 PM 2 mins read News Despite the increased popularity and adoption of cryptocurrencies, centralized exchanges remain significant places in trading and investing. Some of the platforms that have attracted people’s attention are Bitstamp, Bybit, KuCoin, Coincheck, and Kraken. These exchanges have carved…
TL;DR The Canadian clients of a popular crypto exchange can now trade meme coins Pepe (PEPE) and dogwifhat (WIF). The company recently added Shiba Inu (SHIB) as a new margin trading pair and collateral asset, offering more trading flexibility and leverage options. More Options for Canadian Users The leading cryptocurrency exchange, Kraken, announced on X…
The crypto market has certainly experienced a downturn in August. Few have been safe, with Bitcoin falling as low as $58,000 Friday. Yet, things could be turning soon. Moreover, meme coin mainstay Shiba Inu could get help from crypto exchange Kraken to push SHIB back to its $0.000015 level. The asset has enjoyed a rough…
TL;DR Kraken added Shiba Inu as collateral for futures trading, enhancing its support for the popular meme coin. Robinhood and Coinbase have also enabled new trading services for SHIB earlier this year. SHIB’s Adoption on the Rise The US-based cryptocurrency exchange Kraken officially listed Shiba Inu (SHIB) on its platform in November 2021. Since then,…
A California Judge has ruled that the SEC’s lawsuit against the Kraken crypto exchange will proceed to trial. The federal regulator sued Kraken in California last year, alleging that the crypto company failed to register with the SEC as a broker, exchange, or clearinghouse. JUST IN: 🇺🇸 SEC lawsuit against Kraken crypto exchange will proceed…
Kraken crypto exchange is currently confronted with a legal dispute initiated by the U.S. Securities and Exchange Commission (SEC) on the grounds of purportedly functioning as an unregistered securities exchange. According to the SEC, certain crypto tokens available on Kraken’s platform meet the criteria of “investment contracts,” which means they are required to comply with…
The chief legal officers at Kraken and Ripple have weighed in on the Federal Court for the Northern District of California’s recent decision in the U.S. Securities and Exchange Commission’s lawsuit against Kraken. “Another court, this time in the Kraken case, confirms there’s no such thing as a ‘crypto asset security.’ Bad news for the…
August 25, 2024 at 04:55 AM GST updated: August 25, 2024 at 01:26 AM 2 mins read News Ethereum Foundation’s transfer of 35,000 ETH to Kraken aims for gradual sales, not a mass sell-off. ETH price gained 4.5% to $2800 despite transfer concerns, supported by broader macroeconomic factors. Ethereum Foundation still holds reserves of 273,776…
The U.S. District Court for the Northern District of California has denied Kraken’s motion to dismiss a lawsuit by the U.S. Securities and Exchange Commission (SEC). The court determined that the SEC “has plausibly alleged” that certain crypto tokens traded on the Kraken exchange could be considered securities, thereby allowing the case to proceed. Kraken’s…
August 24, 2024 at 06:10 PM GST updated: August 24, 2024 at 05:45 PM 2 mins read News Judge Orrick ruled that Kraken’s crypto transactions could qualify as securities under the SEC’s Howey test. Kraken must now face discovery, with the SEC arguing that certain tokens on its platform, like ADA and SOL, are securities….
The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination, breaching the Corporations Act. ASIC emphasized the need for compliance in the crypto industry, aiming to ensure consumer…
Ethereum Foundation transferred significant amounts of ETH tokens to the Kraken exchange. The altcoin has begun to show signs of price recovery in the last 24 hours. The Ethereum Foundation caught market attention in the past day with its significant ETH transactions. While the altcoin has struggled to surpass the $2.6K level in the past…
Kraken cryptocurrency exchange has been directed by US District Judge William H. Orrick to respond to the securities law violations complaints made by the SEC. The judge has allowed twenty days for a reply. This follows another legal set back with the Australian Securities and Investment Commission. SEC Claims Against Kraken The SEC claims Kraken’s…
August 24, 2024 at 03:45 AM GST updated: August 24, 2024 at 02:43 AM 2 mins read News Australian court finds Kraken’s operator non-compliant with financial product regulations since Oct 2021. ASIC targets Bit Trade for lacking crucial target market determination in crypto margin trading. Kraken vows compliance enhancement following Australian Federal Court’s regulatory ruling….
On October 15th, a new trial date will be suggested, replacing the original January 14th date. Notably, the exchange has maintained that the SEC should not regulate it. Kraken, a prominent cryptocurrency exchange, is under increasing legal pressure after a US court rejected its request to dismiss the SEC lawsuit. The most recent court filing…
US District Judge William H. Orrick has ruled that the US Securities and Exchange Commission has a plausible case against crypto exchange Kraken. According to the judge, the SEC’s lawsuit against Kraken will proceed. The US Securities and Exchange Commission’s lawsuit against crypto exchange will proceed, a judge has ruled. On Friday, August 23, 2024,…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Australia’s Federal Court has ruled against Bit Trade, the operator of Kraken’s crypto exchange in Australia, siding with the Australian Securities and Investments Commission (ASIC). The court determined that Bit Trade failed to comply with key financial regulations, including design and distribution obligations, and operated as an unlicensed credit…
TL;DR Kraken added new EUR margin pairs, including SHIB/EUR, offering more trading options for European users. SHIB is gaining wider support, while the meme coin community aims to take control by the end of 2024. More Support for SHIB and Other Altcoins One of the leading US-based cryptocurrency exchanges, Kraken, expanded the list of margin…