Kraken

A digital wallet that had accumulated over 61,000 Ether (CRYPTO: ETH) during the initial coin offering (ICO) about eight years ago has now transferred the entire amount to another wallet. The wallet in question is believed to be associated with the cryptocurrency exchange, Kraken. The value of...

The Federal Bureau of Investigation (FBI) raided the Los Angeles residence of Kraken founder Jesse Powell in March, as part of a criminal inquiry focusing on allegations that he hacked and cyberstalked a nonprofit organization. The investigation primarily centers on the accusation made by the...

In a recent ruling, a federal court has mandated cryptocurrency exchange Kraken must provide account and transaction details to the Internal Revenue Service (IRS). The IRS stated it requires this information to investigate whether Kraken's users have failed to accurately report their...

Blockchain analytics firm Nansen announced that it has reduced its staff count by 30% as a result of harsh market conditions.  What Happened: This comes as several other crypto firms including Coinbase, Kraken, Crypto.com, and Gemini have also recently laid off part of their staff. According to...

The Securities and Exchange Commission (SEC) is expected to launch regulatory action against Coinbase Global Inc (NASDAQ: COIN) soon, according to a research report from Berenberg. It's a move that might resemble previous actions against competing cryptocurrency exchanges such as...

Raising concerns over the Securities and Exchange Commission's (SEC) handling of the digital asset landscape, the U.S. Chamber of Commerce, a major business interest group, is voicing criticism on behalf of digital asset detractors. The regulatory approach towards entities like Coinbase...

One of the biggest trending cryptocurrencies in 2022 was Shiba Inu (CRYPTO: SHIB). Trends on social media saw the cryptocurrency, which is based on the Shiba Inu dog breed, and similar to Dogecoin (CRYTPO:DOGE), generate huge interest. After falling in value, here’s a look at what an...

Cryptocurrency startup Chia Network Inc. announced on Friday that it has taken a significant step towards a U.S. initial public offering (IPO) by confidentially submitting a draft registration statement to the Securities and Exchange Commission (SEC). In 2021, the company was valued at...

Cryptocurrency Shiba Inu (CRYPTO: SHIB), considered one of the 15 largest cryptocurrencies by market cap, launched in August 2020. Here’s a look at how much money people who got in at the start have made. What Happened: Shiba Inu launched as a similarly themed cryptocurrency to Dogecoin (...

Kraken, a well-known cryptocurrency exchange, recently made the decision to terminate its relationship with Silvergate Capital Corp (NYSE: SI), following the bank's recent acknowledgment of potential insolvency. In order to provide clients with an added level of security, Kraken has sought out...

Cryptocurrency exchange Kraken is planning to launch its own bank to support struggling cryptocurrency firms that are having difficulty establishing connections with traditional banks. The move comes amid the Securities and Exchange Commission (SEC) accusing Kraken of selling unregistered...

Shark Tank host Kevin O'Leary said that the only way crypto exchanges will stay afloat is by imposing regulations.  What Happened: O’Leary tweeted on Friday, “We’re going to keep seeing these crypto exchanges going to ZERO, until we actually force regulation on these...

A recent research report by JPMorgan Chase & Co. (NYSE: JPM) highlights how the U.S. Securities and Exchange Commission (SEC) views most cryptocurrencies as securities. This view extends to staking services, which the SEC views as similar to offering any other type of security. The report,...

Coinbase Global Inc. (NASDAQ:COIN) shares have gone through the roof following a crypto rally that put Bitcoin (CRYPTO: BTC) back over the $24,000 mark. Yet Davidson analysts don't like the volatility and see much risk in the ongoing SEC crackdowns haunting the crypto sector. The Coinbase Analyst:...

Galaxy Bahamas, a subsidiary of Galaxy Digital, Mike Novogratz's crypto investment firm, has recently received regulatory approval to operate in the Bahamas. The Securities Commission of The Bahamas has authorized the company to operate as a digital asset business under the country's...