The U.S. Securities and Exchange Commission (SEC) is seeking to dismiss critical defences raised by crypto exchange Kraken in an ongoing lawsuit. In a motion filed in the Northern District Court of California, the SEC argued Kraken had received sufficient notice of potential securities violations. The legal team, however, labelled
A group of major players in the fintech and crypto world—Robinhood, Kraken, Galaxy Digital, and Paxos—have launched a new stablecoin, the Global Dollar (USDG), pegged to the US dollar and aimed at boosting accessibility and rewarding community engagement. [1 / 4] Today, we’re launching Global Dollar Network (@global_dollar ) —
Crypto.com has significantly grown digital asset trading in 2024, surpassing Coinbase Global Inc. in trading volumes across North America. The firm recorded a monthly spot trading volume of $134 billion in September. This marks a significant surge from $34 billion in July, nearly a fourfold rise in two months. Collectively,
While new cryptocurrencies come into being one after another, staking has become one of the favorite ways for investors to make passive income by locking their crypto assets. This article will guide you to the best staking platforms to earn passive income in 2024 as follows. What is staking? Staking
In 2024, the global crypto market has seen significant developments, including the launch of Bitcoin ETFs and growing adoption by both institutions and governments. As we enter Q4, the momentum continues with new projects and innovations. The leading crypto exchange Kraken has joined the action by introducing its own wrapped
In order to facilitate derivatives trading, crypto exchange Kraken has established a trading platform in Bermuda. The BMA has granted Kraken the necessary license. An increasing number of people are considering Bermuda as a potential location for crypto activities. After Coinbase and HashKey Global reach the island, Kraken follows suit.
Australian police have seized $6.4 million in cryptocurrency tied to a global criminal group. The seizure was part of “Operation Kraken”, a long-running investigation. Authorities revealed that the funds were linked to the group’s alleged leader. Operation Kraken is a collaborative effort involving Australia and international law enforcement. However, the
Kraken Exchange has officially announced the completion of its acquisition of Coin Meester B.V. (BCM), a Dutch digital asset broker. This strategic move underscores Kraken’s commitment to regulatory compliance and its adaptability to the evolving cryptocurrency landscape despite its legal fight with the SEC by requesting a jury trial. The
Crypto exchange Kraken is escalating its legal battle with the U.S. Securities and Exchange Commission (SEC) by demanding a jury trial. This request, revealed in a recent court filing, comes as a California judge has ruled that the SEC’s lawsuit against Kraken will proceed to trial. The SEC first sued
In a recent blog post, Kraken Australia detailed its concerns about ASIC’s judgment, which it believes reflects the broader ambiguity in the country’s regulatory environment. According to Kraken, the ruling exemplifies the challenges that crypto businesses face in Australia, where regulations remain unclear and inconsistent. Kraken Australia’s criticism comes at
