Kraken

PayPal Pauses Stablecoin Project Amid Paxos Regulatory Scrutiny
PayPal Pauses Stablecoin Project Amid Paxos Regulatory Scrutiny
February 12, 2023  |  Cryptocurrency

PayPal is reportedly pausing its stablecoin project amid heightened scrutiny around the cryptocurrency industry. The payments company had wanted to unveil the stablecoin in the...

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Kraken Ends US Crypto Staking After $30M Settlement With SEC
Kraken Ends US Crypto Staking After $30M Settlement With SEC
February 10, 2023  |  Cryptocurrency

Kraken is ending its cryptocurrency staking service for U.S. users as part of a settlement. The settlement with the Securities and Exchange Commission (SEC), which...

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After the FTX News, Can Binance’s CEO Be Believed?
After the FTX News, Can Binance’s CEO Be Believed?
December 15, 2022  |  Cryptocurrency

As FTX news piles up, scrutiny is growing over rival exchange Binance’s operations. Already, jittery users have withdrawn billions in funds from the world’s largest cryptocurrency exchange by...

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New Kraken CEO Says Alleged Fraud Was Committed at FTX
New Kraken CEO Says Alleged Fraud Was Committed at FTX
December 07, 2022  |  Cryptocurrency

The incoming CEO of crypto exchange Kraken says FTX founder Sam Bankman-Fried is an alleged “fraudster.” “We have information to know that fraud was committed there,”...

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Kraken Lays Off 1,100 Citing Lower Crypto Trading Volume
Kraken Lays Off 1,100 Citing Lower Crypto Trading Volume
November 30, 2022  |  Cryptocurrency

Cryptocurrency exchange Kraken has laid off 1,100 employees in response to the current crypto winter.  The reduction amounts to 30% of the firm’s global workforce and...

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British Court Orders Crypto Exchanges to Disclose Customer Information
British Court Orders Crypto Exchanges to Disclose Customer Information
November 29, 2022  |  Cryptocurrency

A British court has ordered six cryptocurrency exchanges to help a rival track stolen funds. The six exchanges — each of which own or operate...

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Kraken, US Treasury Settle Case Over Crypto Service in Iran
Kraken, US Treasury Settle Case Over Crypto Service in Iran
November 28, 2022  |  Cryptocurrency

The U.S. Treasury Department has officially reached a settlement with crypto exchange Kraken over alleged transactions in Iran. In a statement released by the Treasury’s...

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Report: Incoming CEO Says Kraken Doesn’t Plan to Register With SEC
Report: Incoming CEO Says Kraken Doesn’t Plan to Register With SEC
September 23, 2022  |  Cryptocurrency

Although the Securities and Exchange Commission (SEC) has identified some tokens as securities and called for cryptocurrency platforms to register with the agency as exchanges,...

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Kraken CEO Jesse Powell, Crypto’s First Banker, Steps Down
Kraken CEO Jesse Powell, Crypto’s First Banker, Steps Down
September 21, 2022  |  News

Update: Adds background.   Jesse Powell, the CEO of the first U.S. cryptocurrency exchange to receive a banking license, is stepping down. Powell made history...

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