The popularity of cryptocurrencies has no end. To invest and trade in digital currencies, one will need to opt for crypto...
Data shows more than 70% of the total staked Ethereum supply is contributed by staking services, with Lido accounting for the most amount. Ethereum Staking Service Providers Have Locked In A Total Of 11.4 Million ETH Last year, ETH successfully completed a transition to a Proof-of-Stake (PoS) consensus mechanism, which meant that...
Kraken, one of the longest running cryptocurrency exchanges, has shed its global workforce by 30%, firing approximately 1,100 people “in order to adapt to current market conditions.”
The action, which the United States-based crypto exchange announced on Wednesday, comes at a time when some crypto firms based in the country are undergoing bankruptcy proceedings....
Changpeng Zhao's latest tweet is drawing criticism for spreading FUD against rival exchanges Kraken and KuCoin.
The cryptocurrency exchange Kraken said it was getting rid of 1,100 jobs or 30% of its staff. Former CEO and co-founder Jesse Powell, who left his job in September, made the announcement. Kraken is the latest cryptocurrency company to lay off a lot of people. In a blog post, co-founder and former CEO of Kraken, […] The post Kraken cuts 30% of staff...
Cryptocurrency exchange Kraken has reached a settlement with the US Treasury Department's Office of Foreign Assets Control (OFAC) for sanctions violation on Iran, agreeing to pay a penalty of $362,159.
Announced on Monday, the penalty on the crypto exchange will settle a potential civil liability for apparent violations of sanctions...
The recent debacle of the FTX crypto exchange, coupled with the fiasco that took place with Terra earlier this year, disrupts the level of confidence among the crypto community. The major takeaway from the ongoing crisis might be how centralized crypto platforms and businesses need transparency, which the current regulatory framework lacks in achieving. To regain the shattered trust of the community, the...
The two crypto founders might team up to build a proof of reserve with Binance as the pilot in a move that might prop up confidence in centralized exchanges again.
Cryptocurrency exchange Kraken has frozen accounts connected to "FTX Group, Alameda Research, and their executives" on its platform in the wake of the FTX saga. On November 13, Kraken wrote on Twitter that the accounts were frozen "to protect their creditors" that it "maintains full reserves" and that other users' funds are unaffected. Kraken was probably […] The post...
Nick Percoco, CSO of Kraken Exchange tweeted that his team had successfully identified the $600M FTX hacker. The CSO of Kraken Exchange, Nick Percoco, tweeted that the Kraken team now knows the user's name who hacked FTX. How Kraken was able to recognize it with ease Since the hacker used the exchange to dump the […] The post $600M FTX Hacker...
Kraken and Coinbase have both been experiencing connectivity issues in the past hour. Just before 19:00 UTC, Kraken announced that it was investigating reports from users who reportedly had difficulty connecting to Kraken both on desktop and mobile. The issue was still being investigated at press time. Coinbase noted a similar...
Kraken Pros: High securitySimple interface for both beginners and professional tradersOffers a variety of more than 200 cryptocurrenciesLow fees Kraken Cons: Credit/Debit cards only supported for US residentsNo call services as supportNo regular promotions discounts What is Kraken? Kraken is one of the biggest and most established...
In accordance with EU sanctions, Kraken is the most recent cryptocurrency exchange to impose restrictions on Russian user accounts on its platform. Kraken informed its Russian clients via email on October 19 that the exchange is discontinuing service to Russian clients. “Due to the new European legislation, we have to take measures to restrict your […] The post...
BTC added the layer-2 protocol to mitigate the scaling challenges, Bitcoin Lightning Network (BLN). The BLN was created to offer better scalability, make transactions cheaper, and increase the transaction speed on Bitcoin Network. Scalability has been a deterrent factor to the mass adoption of many cryptocurrencies. For example, High transaction fees and slow speed are some of the challenges encountered on the Bitcoin...
FTX.US President Brett Harrison and Celsius CEO Alex Mashinsky both resigned yesterday, following departures from a list of other top crypto executives. They follow Genesis CEO Michael Moro, Microstrategy CEO...
According to a recent report, Kraken's new CEO, Dave Ripley, announced that he does not intend to register Kraken with SEC. Security token offerings (STOs) started gaining traction in the crypto industry in 2017 and grew remarkably in 2018. The number of successful STOs increased over the...
Kraken's incoming CEO says that his exchange has no plans to register with the U.S. SEC. Kraken Doesn't List Securities Kraken is resisting SEC overreach. On September 21, Kraken announced...
News