Kraken

Building on his efforts to improve the regulatory environment for cryptocurrencies, as well as for his defense of his company's staking services, Coinbase Global Inc (NASDAQ: COIN) CEO Brian Armstrong said on Monday he was visiting Washington, D.C., advocating for...

The U.S. Securities and Exchange Commission (SEC) recently charged Kraken for offering its staking as a service program as an unregistered security. This has prompted concerns among market analysts and experts about the possibility of a multipronged regulatory crackdown on the cryptocurrency...

Congressman Tom Emmer (R-Minn.) slammed the Securities and Exchange Commission Chair Gensler for his "regulatory purgatory" strategy, arguing that it hurts everyday Americans the most. What Happened: This comes in response to the SEC crackdown on Kraken,...

At least $220 million worth of longs and shorts got liquidated in the last 24 hours from the crypto market, in the aftermath of Kraken suspending ‘staking’ operations. What Happened: Data from CoinGlass shows that $200 million worth of longs were liquidated and over $20M shorts since...

Rocket Pool (CRYPTO: RPL) has risen 7% over the past 24 hours, outperforming Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) gains. What Happened: The rally comes as cryptocurrency exchange Kraken suspended its staking operations in a Securities and Exchange Commission settlement. At the...

Coinbase (NASDAQ: COIN) CEO Brian Armstrong said his cryptocurrency exchange company would keep fighting for "economic freedom" as peer Kraken suspends its crypto-staking operations. What Happened: Armstrong said on Twitter that some days “being...

Leading cryptocurrency exchange Kraken has agreed to discontinue its staking operations as part of a settlement with the U.S. Securities and Exchange Commission (SEC), Coindesk reported on Thursday, citing a source familiar with the matter. The settlement was reportedly approved during a private...

Major cryptocurrency exchange Kraken is currently under investigation by the U.S. Securities and Exchange Commission (SEC) over claims that it broke securities rules related to offerings made to American clients. Citing an anonymous source, Bloomberg reported the SEC probe was in its...

Cryptocurrency exchange Kraken closed its Abu Dhabi office less than a year after obtaining a local license as part of its ongoing retrenchment efforts. The company reportedly laid off most of its team focused on the Middle East and North Africa, affecting around eight employees. The exchange...

Cryptocurrency Shiba Inu (CRYPTO: SHIB) has built a loyal following of fans and investors since launching 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 in August 2020 as a similarly themed cryptocurrency to Dogecoin...

Cryptocurrency exchange Kraken on Wednesday announced that it will stop offering trading services through its subsidiary, Payward Asia, in Japan on January 31, 2023, and deregister from the Financial Services Agency of the Asian nation. This marks Kraken's second exit from the...

Non-fungible token (NFT) marketplace OpenSea has started to delist Cuban artists and users in order to comply with U.S. sanctions. "Our terms of service explicitly prohibit sanctioned individuals, individuals in sanctioned jurisdictions, or services from using OpenSea," a spokesperson for...

Binance (CRYPTO: BNB) has appointed accounting firm Mazars to verify its proof of reserves (PoR), weeks after the collapse of Sam Bankman-Fried's crypto exchange FTX. As part of the PoR upgrade, Binance chose Mazars — the accounting firm that worked for former U.S. President Donald...

Cryptocurrency exchange Kraken is sacking 1,100 employees, 30% of its workforce, in yet another sign of the prolonged crypto winter following the collapse of FTX (CRYPTO: FTT). Kraken co-founder and CEO Jesse Powell explained in a blog that his company tripled its workforce over the last 12...

A London High Court has ordered six cryptocurrency exchanges, including Binance, Coinbase Global Inc (NASDAQ: COIN), Luno, and Kraken to disclose users' data as part of a hacking investigation to trace $10.7 million stolen from an undisclosed UK-based exchange in 2020. Two of the six exchanges...