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SEC Sues Kraken: Crypto Exchange Plans to ‘Vigorously Defend’ Its Position in Court
21.11.2023
The U.S. Securities and Exchange Commission (SEC) has sued cryptocurrency exchange Kraken for the second time this year, alleging that the crypto trading platform operates as an unregistered securities exchange, broker, dealer, and clearing agency. Kraken disagreed with the securities...
Senator Cynthia Lummis Slams SEC for its “Ruling by Enforcement” Approach Following Kraken Lawsuit
21.11.2023
Source: Sen. Cynthia Lummis’ website Senator Cynthia Lummis has criticized the Securities and Exchange Commission (SEC) for its current approach to cryptocurrency regulation. In a recent post on X (formerly Twitter), the senator accused the agency of relying on a “ruling by enforcement”...
SEC Accuses Kraken of Operating Unregistered Platform, Kraken Responds
21.11.2023
Source: Kraken The U.S. Securities and Exchange Commission (SEC) has initiated legal proceedings against the cryptocurrency exchange Kraken, claiming it has been operating an unregistered securities trading platform. The SEC filed the lawsuit in North District of California against the parent firms...
Tokens In SEC's CrossHairs Are Posting Double Digit Year-To-Date Returns
21.11.2023
The Securities and Exchange Commission is doubling down on its allegations that certain crypto assets are securities. These allegations haven't dampened investor enthusiasm for the tokens
Kraken co-founder slams ‘decel’ SEC, warns others should flee US
21.11.2023
Jesse Powell didn’t mince words when he criticized the SEC for suing his exchange, calling it the country’s “top decel.”
SEC sues Kraken alleging it violated securities laws
20.11.2023
The SEC alleged Kraken operated as an unregistered exchange, broker, dealer and clearing agency
Kraken Accused by SEC of Operating Unregistered Platform, Improperly Mixing Customer Funds
20.11.2023
Crypto exchange Kraken commingled customer and corporate funds while operating as an unregistered broker, clearing agency and dealer, the U.S. Securities and Exchange Commission (SEC) alleged in a new lawsuit Monday
Crypto Exchange Kraken Helps UK Police Return $2 Million to Scam Victims
10.11.2023
Source: Adobe / Matteo Benegiamo Crypto exchange Kraken has partnered with the UK’s South East Regional Organised Crime Unit (SEROCU) to return nearly £2 million ($2.4 million) worth of stolen crypto to victims of a scam. Following the arrest of 40-year-old Dutch national Wybo Wiersma,...
The Protocol: Kraken Awakens – as Ethereum L2 Candidate
8.11.2023
In this week's edition of The Protocol newsletter, we explain how Kraken is reportedly considering launching its own layer-2 blockchain, following Coinbase's recent launch of a similar network, amidst a broader trend of companies creating Ethereum-based transaction solutions
Kazakhstan Confirms Official Block of Coinbase Website Amid Ongoing Restrictions
7.11.2023
Source: Iliya Mitskavets/Adobe The Ministry of Culture and Information of the Republic of Kazakhstan has officially confirmed that it blocked access to the Coinbase website in the country, citing violations of the country’s new digital assets law. According to a report from November 7 by...
Kazakhstan’s authorities confirm they blocked access to Coinbase: Report
7.11.2023
The authorities cited the Law on Digital Assets, enacted in February 2023, that forbids the issuance and trading of digital currencies and the crypto exchange operation without a national license, according to reports
Kraken Said to Seek Partner to Help Build It a Layer 2 Blockchain Network
7.11.2023
The crypto exchange is still considering which blockchain developer should build its network, with Polygon, Matter Labs and the Nil Foundation in the mix, according to people familiar with the situation. Rival crypto exchange Coinbase blazed the trail with Base
Kraken Appoints Fintech Entrepreneur Bivu Das as New UK Managing Director
27.10.2023
Kraken appoints Bivu Das, an ex-Starling Bank executive, as a UK corporate representative to drive business expansion in the strengthening UK regulatory environment. On October 27, the prominent cryptocurrency exchange Kraken announced that Bivu Das, a fintech entrepreneur and former Starling Bank...
Kraken to suspend trading for USDT, DAI, WBTC, WETH, and WAXL in Canada
27.10.2023
According to customer emails, the changes will go into effect starting Nov. 30
Kraken to Release User Data to IRS in Compliance with June Court Mandate
27.10.2023
Kraken will provide user data to the IRS after a legal battle over crypto tax reporting. Image by Michael O’Keene, Adobe Stock.Major U.S. cryptocurrency exchange Kraken will provide limited user information to the Internal Revenue Service (IRS) next month following a court order received...
Kraken Co-Founder Criticizes Venture Capitalists for Enabling Fraud at FTX
12.10.2023
In an X social media post on Wednesday, Jesse Powell, the co-founder of Kraken, criticized venture capital firms for their role in what he described as "obvious fraud" at FTX, led by Sam Bankman-Fried (SBF).
Powell's comments come amid ongoing legal proceedings against SBF in New York....
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Kraken Announces Acquisition of Coin Meester B.V. in Move Towards European Expansion
6.10.2023
Kraken, a San Francisco-based cryptocurrency exchange, has announced its intention to acquire Coin Meester B.V. (BCM) in the Netherlands.
On October 5, in a blog post, Kraken emphasized that the planned acquisition "highlights our commitment to growing our business in Europe" and underlined...
Kraken set to acquire Dutch exchange BCM, eyes European expansion
5.10.2023
Kraken is planning to acquire the Netherlands-based cryptocurrency platform as a base for future European expansion
Crypto Biz: Kraken offers stock trading as exchanges adapt to changing regulations
29.9.2023
This week’s Crypto Biz explores Kraken’s securities arm, Gemini’s expansion in India, Binance’s return to Belgium, and an oil company in Argentina investing in crypto mining
Kraken Mulls Offering Traditional Stocks and ETFs
29.9.2023
Kraken, a prominent US-based cryptocurrency exchange, is reportedly considering expanding its product offerings to include traditional stocks and exchange-traded funds (ETFs).
The move marks Kraken's first push beyond the realm of crypto assets, Bloomberg Law reported, citing people familiar with...