The veteran US exchange Kraken has added Cardano (ADA) staking as of May 4th. This comes amid the growing interest in the cryptocurrency, the price of which has been on a roll since the start of the year. Staking in the cryptocurrency world requires the token holders to lock a certain amount of coins based...Read More
The exponential growth of bitcoin and the entire cryptocurrency sector has caught the attention of global regulators, noted Kraken’s CEO, Jesse Powell. Speaking to CNBC, the executive warned of potential crackdowns, especially after the threats coming from the US government. Regulatory Crackdowns on the Crypto Industry? The cryptocurrency industry has been on a roll since...Read More
Another major US-based cryptocurrency exchange is reportedly considering going public. Kraken revealed record-breaking Q1 numbers and is also planning an IPO – following in the footsteps of Coinbase. Coinbase is the first major US-based cryptocurrency exchange that will see its IPO later this month. As CryptoPotato reported, the company will have its shares listed on Nasdaq on...Read More
With bitcoin currently enjoying a near 70% YTD increase, bullish predictions see the asset topping into a six or even seven-digit territory in the following decade. These projections came recently from Kraken’s CEO, Jesse Powell, and the Managing Director of Magnetic, William Quigley. Bitcoin to $150K in the Next Year Founded in 2010, Magnetic is...Read More
The veteran US-based cryptocurrency exchange Kraken is reportedly in talks to raise more than $5 billion and double its valuation to over $10 billion. Some of the giant names potentially participating in the latest funding round include Fidelity, General Atlantic, and Tribe Capital. Kraken to Increase its Valuation to $10B? Based in San Francisco, California,...Read More
Crypto-exchanges faced technical issues once again today, as system traffic reached all-time highs. CZ, CEO of Binance, took to Twitter to address connectivity issues on the platform, stating that all funds are SAFU. Binance also faced up to two-minute delays for account/trade data when queried from the API. All time high on system traffic again....Read More
After another day that reminded of the volatility in the cryptocurrency market, Binance has experienced technical difficulties that resulted in temporarily halting withdrawals. Nevertheless, the leading exchange reassured its customers that all funds are safe and later announced it had resolved the problem. CryptoPotato reported earlier that BTC, as well as most alternative coins, skyrocketed...Read More
Dan Held is among the most popular and influential people within the cryptocurrency industry. Apart from being a vocal bitcoin supporter, he’s also the current Head of Growth of the veteran US exchange Kraken. A position that he described as: “leading our initiatives around efficiently acquiring users and getting them activated.” CryptoPotato had the opportunity...Read More
Chief Security Officer at cryptocurrency exchange Kraken, Nicholas J. Percoco alerted users today about a scam that was targeting crypto users, which involved a homograph phishing attack and “multiple” people who were pretending to be Kraken employees. Percoco further alleged that people named Liz Cohen, Darin Zumberi or Jing Kang were posing as Kraken employees and...Read More
The price of Bitcoin (BTC) on major exchanges has dropped by approximately 2.9 percent to $10,558.60 over the past 24 hours, as of press time —sparking widespread declines throughout the wider cryptocurrency market. Tokens relating to decentralized finance have seen particularly harsh declines of late, and BTC’s drop in valuation since a failure to push...Read More
The Wyoming Banking Board has voted to approve an application for a special purpose depository institution (SPDI) charter of Kraken. In essence, Kraken has officially become the very first cryptocurrency exchange to become a newly chartered bank in the US since 2006, according to a NASDAQ report. This means that the exchange will get access...Read More
Bitcoin and cryptocurrency exchange Kraken says that the drop in BTC’s volatility is not the end of the story. Historical observations suggest that after losing gains and remaining lifeless on the trading front, Bitcoin will galvanize into action soon, to end the year on an explosive note. Despite September Crash, Kraken Bitcoin Volatility Report Has...Read More
Early traders of Polkadot’s new DOT token have come in for an unfortunate surprise, as two prominent exchanges decided to list the token ahead of its “redenomination” despite warnings from the project. The redenomination, due to take place on August 21, will see the new DOT denominated at one-hundredth of the value of the DOT...Read More
The veteran US-based cryptocurrency exchange Kraken will enable trading and staking services for Polkadot (DOT) starting August 18th. The addition comes shortly after the sharded multichain network raised over $40 million in its second private token sale. Kraken To Add DOT Trading And Staking According to the statement from the US exchange, Polkadot is “coming...Read More
According to a recent report, three US-based cryptocurrency exchanges, namely Gemini, Coinbase, and Kraken, remain the platforms with the highest-ranking during Q2 2020. The paper also added that only 15% of exchanges claimed that they store more than 95% of their digital asset holdings in cold wallets. Top-Rated Cryptocurrency Exchanges In its July report analyzing...Read More
In a recent interview with Real Vision boss Raoul Pal, Kraken CEO Jesse Powell said some startling things. According to him, Bitcoin’s anonymous creator Satoshi Nakamoto may have foreseen a bigger financial crisis than 2008’s Great Recession. Jesse Powell: ‘Satoshi Saw a Bigger Bubble Coming’ The second to last talk of Real Vision’s exclusive ‘The...Read More
Kraken Security Labs found some vulnerabilities in the hardware wallet Ledger Nano X. The wallet is regarded by many as one of the most secure storage devices. Attackers Can Tamper Wallet Devices to Steal Crypto Funds On Wednesday, Kraken Security Labs – the exchange’s team that checks the security of crypto products – announced that...Read More
According to recent reports, the Ministry of Finance in India has proposed to ban digital assets. The move comes only three months after the nation’s Supreme Court revoked a two-year-old ban. India Changes Its Mind On Crypto (Again)? A local report from today informed that India’s Ministry of Finance had moved a note for inter-ministerial...Read More
In mid-April, news.Bitcoin.com reported on a great number of BTC withdrawn from cryptocurrency trading platforms and after the third BTC halving, the trend has picked up once again. Data from Glassnode’s Bitcoin Exchange Net-Flow statistics show that close to 24,000 BTC has been withdrawn since May 11. Additionally, statistics from Bituniverse’s exchange reserve data indicate...Read More
Bitcoin’s price might reach $350,000 in the years to come, according to a recent report compiled by the popular U.S. cryptocurrency exchange, Kraken. It indicated that Millennials will soon inherit trillions of dollars, which the younger generation could invest in Bitcoin, as they are more tech-oriented. The Great Wealth Transfer The paper estimated that more...Read More
If you are on the lookout for a job in these pressing times, when the coronavirus pandemic has limited public movement and shut down businesses, it’s worth exploring opportunities to work from the relative safety of your home. The number of people doing so globally has been steadily growing, including in the crypto industry which...Read More
Last week’s decision from the Supreme Court of India to lift a two-year-old ban on cryptocurrency usage already has a positive impact on the local business scene. Kraken, a leading veteran U.S.-based digital asset exchange, announced plans to invest resources in the Indian market. Kraken Recommits To The Indian Market The veteran San Francisco-based exchange,...Read More
Supreme Court overruling Crypto Ban on India is bringing Crypto exchanges back. Kraken Exchange announced its recommitment to the Indian market. Dawn of a new Crypto Era in India is Inevitable The Crypto industry had suffered a huge loss during the 2-year RBI vs Crypto ban. However, Indian crypto heaved a sigh of relief once...Read More
Starting tomorrow, March 5th, the popular U.S. cryptocurrency exchange Kraken will be adding Tron’s native currency – TRX. The platform will initially provide four trading pairs, and trading will begin shortly after enabling deposits and withdrawals. Kraken Adds TRX The U.S.-based cryptocurrency exchange announced the news earlier today. At approximately 14:30 UTC on March 5th,...Read More
Cold storage hardware wallets are considered to be the most secure way to hold Bitcoin and other cryptocurrencies. The main reason for that is because the private key is never exposed to the internet, unlike hot wallets. Trezor is believed to be the most popular hardware wallet, together with Ledger. During last October of 2019, Kraken...Read More
Most of the developments in the crypto industry appear to go by unnoticed. Kraken has been on a very aggressive acquisition spree throughout 2019. The most recent acquisition comes in the form of Circle Trade. Kraken Keeps Picking up Smaller Companies Prior to that development, however, Kraken had already taken control of three other firms....Read More
Kraken Exchange, one of the top 5 exchanges as per CoinGecko has acquired Circle’s OTC Desk as per its blog post. The post reads ” Kraken is acquiring one of the most recognized OverTheCounter desks in crypto, Circle Trade. ” Through this acquisition, Kraken exchange plans to provide support trading partners globally, especially in Asia....Read More
The popular U.S.-based cryptocurrency exchange, Kraken, has been reportedly served with a lawsuit against it from a former employee. The case is brought by a whistleblower accusing the company of harassment, discrimination, wrongful termination, and even lack of paying rent. Kraken Sued By A Former Employee Kraken’s former employee, Nathan Runyon, has filed a lawsuit...Read More
Crypto markets are in the doldrums at the moment, just as they were this time last year. A $10 billion dump on the week looks bad in the short term but things may not be that negative overall. One of the largest players in the industry has been on a shopping spree this year.Crypto Giant...Read More
Tezos holders will be able to stake their coins on the popular cryptocurrency exchange, Kraken, starting today. As a result, XTZ price has increased with over 12% in the last 24 hours, mirroring its movements when other exchanges announced Tezos staking on their platforms. Kraken Adds Tezos Staking The large U.S.-based cryptocurrency exchange, Kraken, has...Read More
