Tag: Kraken

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Kraken Unveils a New Wrapped Bitcoin Product—Here’s What It Means for Defi

Kraken has launched KBTC, a wrapped bitcoin product fully backed 1:1 by bitcoin and compatible with multiple networks. KBTC aims to expand bitcoin’s use beyond its native chain and into decentralized finance (defi) ecosystems. Kraken Introduces KBTC to Enhance Bitcoin’s Utility Across Networks Kraken’s KBTC is an ERC20 token that allows bitcoin (BTC) to interact…
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Kraken Integrates In-House Ethereum Restaking via Eigenlayer

Kraken has launched a new feature allowing its clients to restake their ether (ETH) directly on the platform through Eigenlayer. This integration, Kraken says, makes the relatively complex process of restaking more accessible to a broader audience, especially those who have already staked ether on Kraken. Kraken Introduces ETH Restaking to Broaden Defi Access Kraken’s…
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Kraken Survey Reveals 59% of Crypto Investors Favor Dollar-Cost Averaging

A recent survey by Kraken reveals that a significant 83.53% of crypto investors have used dollar-cost averaging (DCA), with 59% employing it as their primary investment strategy. The survey, which polled 1,109 crypto investors, delved into the real-world effectiveness of DCA in helping investors manage market volatility and avoid emotional decision-making. Interestingly, younger investors (18-29…
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Australian Police Seize $9.3M in Crypto, Bust Mastermind Behind Ghost Platform

The Australian Federal Police have taken a major step against organized crime by seizing $9.3 million in cryptocurrency. The operation uncovered a secret encrypted communication platform, Ghost, leading to the arrest of its alleged mastermind. Through digital forensics, authorities cracked the suspect’s crypto accounts. With previous operations yielding millions in seized assets, the ongoing investigation…
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Kraken Launches Regulated Derivatives Platform in Bermuda

Cryptocurrency exchange Kraken has launched a new regulated derivatives trading platform in Bermuda after obtaining a Class F Digital Business License from the Bermuda Monetary Authority. This platform offers over 200 contracts, including perpetual and fixed-maturity futures, and aims to provide a secure and reliable trading experience. The move highlights Bermuda’s supportive regulatory environment and…
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2009 Bitcoin Whale Moves 5 BTC to Kraken, Holds Over 1,200 BTC

An early bitcoin whale has made waves in the crypto world, according to the onchain analytics platform Arkham Intelligence. This long-time holder transferred five bitcoins to Kraken, while still sitting on an impressive 1,215 BTC—worth a hefty $77 million as of today. Arkham: Vintage Bitcoin Whale Sends 5 BTC to Kraken After Years of Inactivity…
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Kraken Adjusts Margin Product to Comply With Australian Crypto Law, Calls for Clearer Regulation

The Australian Federal Court ruled that Kraken’s fiat margin extensions are subject to regulatory obligations, but crypto margin extensions are not. Kraken acknowledged the decision but stressed the need for clearer crypto regulations in Australia. Following the ruling, Kraken adjusted its margin product to restrict fiat margin trading for non-wholesale investors, while crypto margin extensions…
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Ripple, Kraken Legal Chiefs Weigh in on Court Decision in SEC’s Crypto Securities Lawsuit

The chief legal officers at Kraken and Ripple have weighed in on the Federal Court for the Northern District of California’s recent decision in the U.S. Securities and Exchange Commission’s lawsuit against Kraken. “Another court, this time in the Kraken case, confirms there’s no such thing as a ‘crypto asset security.’ Bad news for the…
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Kraken Crypto Exchange Operator Fined by Australian Court

The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination, breaching the Corporations Act. ASIC emphasized the need for compliance in the crypto industry, aiming to ensure consumer…
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Crypto AI Token RENDER Soars 15.6% After Rebrand, Can It Hit $10?

Today, the Render Network finalized its RENDER crypto AI token migration and upgrade. Following the highly anticipated rebrand, the AI token saw a positive price action, surging over 15% on the last day. Investors and market watchers expressed optimism about the rebranded token and consider it could hit $10 soon. From RNDR To RENDER Last…
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