Tag: kraken

Jan 23 2023

Top 3 Most Popular Crypto Services Of 2023

The popularity of cryptocurrencies has no end. To invest and trade in digital currencies, one will need to opt for crypto...

Ethereum Staking Service Providers Make Up Over 70% Of Staked ETH Supply

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...

Nov 30 2022

Crypto Exchange Kraken Cuts Global Workforce by 30%

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....

Binance CEO Changpeng Zhao Takes A Subtle Dig At Kraken And KuCoin

Changpeng Zhao's latest tweet is drawing criticism for spreading FUD against rival exchanges Kraken and KuCoin.

Kraken cuts 30% of staff to ‘weather crypto winter’

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...

Nov 29 2022

Kraken Agrees to Pay $362K Fine for Onboarding Users from Iran

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...

Nov 28 2022

Kraken’s Powell says Binance Proof-of-Reserve is pointless without liabilities

Nov 28 2022 Published at CryptoSlate under tags  binance cz exchanges kraken

Former Kraken CEO Jesse Powell criticized Binance's Proof of Reserve, calling it an "ignorant or intentional misrepresentation."...

Nov 25 2022

Breaking: Kraken CEO Calls Binance ‘Proof Of Reserves’ Pointless

Nov 25 2022 Published at Coingape under tags  binance cz kraken news

Following the failure of the cryptocurrency exchange FTX, it was discovered that the company had loaned out a sizeable part of its customers' assets as revealed by their bankruptcy filings. As a direct result...

Nov 16 2022

Crypto Exchanges Committing To Proof Of Reserves, Will It Build Trust?

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...

Nov 14 2022

CZ Binance And Vitalik Buterin Envision New Proof Of Reserve Solution, Over $6 Billion Leaves Centralized Exchanges

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.

Kraken exchange freezes accounts related to FTX, Alameda

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...

Nov 12 2022

$600M FTX Hacker Has Been Identified By Kraken’s CSO

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’s CSO Claims To Have Identified The $600 Million FTX Hacker

Nov 12 2022 Published at Coingape under tags  ftx kraken news

Just an hour ago, in response to Mario Nawfal, Nick Percoco, the CSO of Kraken Exchange, tweeted that the Kraken team now knows the name of the user who hacked FTX. How It Was Easy...

Nov 08 2022

Coinbase, Kraken down as Bitcoin breaks below June low

Nov 08 2022 Published at CryptoSlate under tags  binance coinbase exchanges ftt ftx

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...

Oct 20 2022

Kraken Review 2022 – Is Kraken a Good Exchange?

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...

Kraken joins other exchanges to restrict Russian users

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...

Oct 07 2022

Public Capacity Of Bitcoin Lightning Network Rises Over 5,000 BTC

Oct 07 2022 Published at Bitcoinist.com under tags  bitcoin bitpay btcusdt cashapp kraken

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...

Sep 28 2022

Why Are So Many Top Crypto Executives Resigning?

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...

Sep 26 2022

Newly Appointed Kraken CEO Has No Intentions To Register With SEC

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...

Sep 23 2022

Kraken’s Defiant New CEO Won’t File With SEC

Sep 23 2022 Published at Crypto Briefing under tags  kraken news

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...

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