Kraken, a prominent cryptocurrency exchange, is under increasing legal pressure after a US court rejected its request to dismiss the SEC lawsuit. The most recent court filing states that US District Judge William H. Orrick rejected Kraken’s request and directed the exchange to respond to the “complaint” within twenty days.
Australia’s Federal Court ASIC, delivered a ruling against Bit Trade Pty today. Bit Trade Pty is the operator of the Kraken cryptocurrency exchange in Australia. According to ASIC, Bit Trade failed to meet the legal requirements for its margin trading product. In September 2023, ASIC initiated legal proceedings against Bit
In a significant update for the cryptocurrency community, Kraken announced the successful distribution of Bitcoin (BTC) and Bitcoin Cash (BCH) to creditors affected by the Mt. Gox hack nearly a decade ago. The now-defunct exchange’s long-awaited fund recovery process has been facilitated by Kraken, alongside Bitstamp and other partners. On
Jesse Powell, Kraken’s co-founder and chairman, recently made headlines for a large personal contribution he made to the 2024 presidential campaign of former president Donald Trump. A major player in the cryptocurrency industry, Powell has donated $1 million to Trump’s campaign, mostly in Ethereum (ETH). In a recent social media
The biggest withdrawals of Bitcoin (BTC) and Ethereum (ETH) from the cryptocurrency exchange Kraken since 2021 have occurred recently. The current exchange supply crisis was described in depth in a post by Joao Wedson, founder and CEO of Dominando Cripto, which was cited by CryptoQuant, a blockchain analytics firm. Wedson
Crypto exchange Kraken, has officially denied plans to delist Tether (USDT) in Europe. The news comes as concerns about the reliability and compliance with regulations of popular stablecoins like Tether (USDT) are growing in the cryptocurrency world. Investor mood and market dynamics are affected by Kraken’s position on the topic,
In light of the impending implementation of the Markets in Crypto-Assets Regulation (MiCA) in the European Union, cryptocurrency exchange Kraken is contemplating the removal of support for the stablecoin Tether (USDT). Kraken is reportedly “actively reviewing” strategies to meet the requirements of the forthcoming MiCA framework, as reported by Bloomberg
Kraken, a cryptocurrency exchange, has acquired TradeStation Crypto, boosting its regulatory license in the U.S. TradeStation Group, a division of Monex Group, has a digital assets subsidiary called TradeStation Crypto. The acquisition is a component of Kraken’s strategy to expand its footprint in the US, according to a company representative.
The Kraken Wallet is the latest addition to Kraken’s product range. Users are able to manage their digital assets on eight major blockchain networks—Dogecoin, Ethereum, Solana, Optimism, Base, Arbitrum, and Polygon—through this self-custodial mobile wallet. Users will have full control over their digital assets with this wallet, and they won’t
On Thursday, Kraken filed a motion to dismiss the case, claiming that the U.S SEC had not charged fraud and had instead stretched the meaning of a contract in its lawsuit. With the argument that cryptocurrencies—or at least those included in the SEC’s complaint—should be classified as commodities rather than
