Tag: Kraken

Re-birth of US crypto scene in the post-T
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November 25, 2024

The U.S. Reclaims Its Crypto Crown: Trump’s Election and Gensler’s Exit Signal a New Era!

The U.S. is poised to reassert its dominance in the global crypto arena following the election of crypto-friendly President Donald Trump and the impending departure of SEC Chair Gary Gensler. This seismic shift in leadership is expected to transform the U.S. into a powerhouse for digital assets, attracting innovation and investment that had been stifled under previous regulatory regimes.
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The new Kraken CEO Arjun SethiU
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October 31, 2024

U.S. Crypto Exchange Kraken Restructures with 15% Layoff and New Co-CEO Amid Crypto Industry Shifts

Evidently, the crypto industry moves into another transformative bull run. Kraken, one of the global crypto giant, just announced a 15% workforce cut, reshaping its leadership and structure. The move includes the exit of key executives and the appointment of Arjun Sethi as co-CEO, as Kraken aims to streamline and stay competitive in the turbulent crypto landscape.
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Kraken announced closing of bcm acquisitionU
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September 25, 2024

U.S. Crypto Exchange Kraken Strengthens European Position with Dutch Acquisition Ahead of MiCA!

Kraken, one of the world's leading cryptocurrency exchanges based in the U.S., has recently completed its acquisition of Coin Meester B.V., a prominent Dutch cryptocurrency broker d/b/a BCM. This strategic move marks another milestone in Kraken's European expansion strategy and strengthens its position in the evolving cryptocurrency market landscape under the MiCA regime.
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SEC Chair Gery Gensler may lose his job over the crypto warS
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August 28, 2024

SEC Lawsuit Against Kraken Moves Forward Amid Continued Regulatory Crackdown in the U.S.

While the EU has created a comprehensive regulatory framework for the crypto sector with MiCA, the U.S. SEC operates on the basis of a decades-old framework designed for legacy securities, with a “regulation by enforcement” approach, as in the case of Kraken. The SEC's lawsuit against Kraken for operating as an unregistered securities exchange will proceed to trial, intensifying the legal challenges facing major crypto platforms in the U.S.
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Crypto.com, Bitpanda, Kraken and other crypto firms sign sport sponsoring dealsH
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August 15, 2024

Hype Attention: Crypto Sponsorships Surge as Bull Market Signals Possible Peak!

In a move reminiscent of the last crypto bull market 2020/2021, Crypto.com has signed a high-profile sponsorship deal with UEFA, the governing body of European football. This partnership, which will see Crypto.com prominently featured in UEFA events, mirrors similar recent deals by major crypto platforms, suggesting that the market may be approaching another peak. Crypto investors should be alerted.
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Analysis of the Court Case BinanceC
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July 1, 2024

Crypto Compliance: Major Setback for Binance as Judge Allows SEC Lawsuit to Move Forward!

In one of the most prominent crypto court cases, SEC v. Binance, the federal judge Amy Berman has ruled that a substantial part of the SEC's lawsuit against the embattled crypto exchange can proceed. This ruling represents a notable setback for Binance, which had sought to have the case dismissed. The SEC's lawsuit, filed in June 2023, accuses Binance and its former CEO, Changpeng Zhao, of multiple violations of securities laws.
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Kraken and a security but that turned into a blackmailing actoinF
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June 20, 2024

FinTelegram Report: Kraken Accuses Security Researchers of Extortion Over $3M Bug Exploit!

The U.S. crypto exchange Kraken is embroiled in a controversy after alleging that "security researchers" exploited a platform vulnerability to withdraw nearly $3 million from its treasury and subsequently turned to extortion. Nick Percoco, Kraken's Chief Security Officer, disclosed via social media platform X that a bug enabled a malicious attacker to initiate a deposit and receive funds without completing the deposit process.
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Robinhood expands to Europe to compete against Trade RepublicR
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May 7, 2024

Robinhood Crypto Faces Potential SEC Enforcement Over Cryptocurrency Operations

Robinhood, the U.S. fintech renowned for pioneering commission-free stock trading, is currently under scrutiny from the U.S. Securities and Exchange Commission (SEC) for its crypto business, Bloomberg reports. In a Wells Notice, the U.S. regulator informed Robinhood that it faces enforcement action over its crypto business — the latest sign that the SEC isn’t letting up on its years-long crackdown on digital assets.
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Kraken expansion to Europe continues with new regulatory licensesK
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May 5, 2024

Kraken’s CF Benchmarks Emerges as a Major Player in the Global Bitcoin ETF Market

CF Benchmarks, the digital assets index provider of the prominent U.S. crypto exchange Kraken, has positioned itself as a significant player in the burgeoning market for spot-Bitcoin exchange-traded funds (ETFs). This year has seen a notable surge in Bitcoin ETF activity, beginning with launches in the United States in January and expanding to Hong Kong recently, Bloomberg reports.
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FBI warns against unregistered crypto money businessesA
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April 26, 2024

Attention: FBI Issues Warning on Unregistered Crypto Money Transmitting Services!

High-risk segment merchants increasingly use crypto payment processors to process payments. On Thursday, the U.S. Federal Bureau of Investigation (FBI) cautioned Americans about the risks of using crypto services from companies not registered as Money Services Businesses (MSBs) under federal law. This warning highlights a crucial aspect of the regulatory framework governing financial transactions in crypto.
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SEC Chair Gary Gensler failed the crypto industryR
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April 23, 2024

Resignations at The U.S. SEC Increases Pressure on Controversial Chair Gary Gensler!

The U.S. regulator, the Securities and Exchange Commission (SEC), is in difficult waters. Most recently, Chair Gary Gensler publicly expressed his confidence in the regulator on X. However, this comment has caused even more unrest and fueled speculation about Gensler's resignation. Most recently, the two SEC lawyers, Michael Welsh and Joseph Watkins, have resigned following a district court's severe reprimand of the agency for "gross abuse" of power.
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Binance founder Changpeng Zhao plead guilty to money laundering issuesH
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April 22, 2024

He is Not a Martyr But a Criminal: The Upcoming Sentencing of Former Binance CEO Marks a Pivotal Moment for the Crypto Industry!

The upcoming sentencing of Changpeng Zhao (CZ), the former CEO and founder of crypto exchange Binance, casts a shadow over the crypto industry and highlights significant regulatory and ethical challenges. CZ pleaded guilty to violating U.S. financial laws and facilitating activities related to scams and terror organizations and is awaiting his sentence set for April 30. It remains hoped that the judge will find a just sentence that corresponds to CZ's misconduct. He is not a martyr.
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