Kraken, one of the cryptocurrency exchanges, has recently filed a motion to dismiss the lawsuit brought against it by the Securities and Exchange Commission (SEC) in a US court. This legal action by Kraken aligns it with other industry peers,…
Kraken challenges SEC’s allegations, defends crypto industry’s right to thrive – Advancing Crypto Innovation in the United States
In the face of the Securities and Exchange Commission’s (SEC) allegations, Kraken challenges the claims and advocates for the right of the crypto industry to exist and flourish in the United States. The complaint against Kraken lacks substantial evidence of…
SEC Accuses Kraken of Co-Mingling $38 Billion in Customer Funds
In the rapidly evolving world of cryptocurrencies, the issue of secure asset management has become a crucial focal point for investors and regulatory bodies alike. Recent developments have shed light on the practices of some prominent cryptocurrency exchanges, raising concerns…
Advocating for Regulatory Clarity: Challenging SEC Claims to Safeguard the Crypto Industry’s Existence in the U.S
Amidst a recent legal contention initiated by the Securities and Exchange Commission (SEC), Kraken, the third-largest cryptocurrency exchange in the realm of spot-market trading volume, finds itself under the accusatory lens for allegedly transgressing U.S. securities law. The central charge…
FTX Seeks $9.4B Bailout As Tron Explodes With News Of A Potential Takeover
Despite being criticized heavily by Kraken CEO Jesse Powell, FTX’s Sam Bankman-Fried has reached out to Kraken for a possible bailout. This is after a collapse in talks that FTX was having with Binance about a possible takeover. The most…
Kraken’s Jesse Powell Says FTX Crash Could Set Industry Back 3 Years
Jesse Powell, the founder and chairman of the cryptocurrency exchange Kraken, reacted to the FTX crash on Twitter and suggested that the crypto community needed to stop being so trusting and strengthen its standards. In a 14-Tweet thread, Powell appeals…
Kraken Becomes Latest Crypto Exchange to Ban Russian Users
In accordance with penalties imposed by the European Union, Kraken is the most recent cryptocurrency exchange to block accounts of Russian users on its site. Kraken informed its Russian clients via email on October 19 that the exchange is discontinuing…
A cryptocurrency exchange software bug in Kraken allowed users to buy Bitcoin cheaper than the market price
Crypto exchanges continue to face challenges. Recently, a cryptocurrency exchange software bug in the prominent crypto exchange Kraken allowed users buy cheaper Bitcoin
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
