Australia fines Kraken operator $5M for regulatory breaches
Kraken Australia operator Bit Trade must pay $5 million plus the cost of court proceedings after the Federal Court sided with the country’s corporate watchdog. Go to Source
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88% of crypto holders feel they missed out on major gains — Kraken survey
The survey highlighted that 63% of holders acknowledged that emotional decisions significantly negatively affected their digital asset portfolio Go to Source
Kraken winds down NFT marketplace
Starting Nov. 27, Kraken’s NFT marketplace will transition to withdrawal-only mode. Go to Source
Judge rejects Kraken’s bid to challenge decision in SEC case
Kraken won’t get the chance to appeal a California District Court judge’s decision that found the SEC had adequately alleged it sold unregistered securities. Go to Source
Tether, Kraken, Fabric Ventures back new MiCA-compliant stablecoins
Quantoz Payments has partnered with Kraken, Tether and Fabric Ventures to launch MiCA-compliant EURQ and USDQ stablecoins in the EU, aiming for secure, efficient digital payments. Go to Source
SEC seeks dismissal of Kraken defenses in ongoing legal dispute
The SEC argued that Kraken’s defenses about the major questions doctrine are a “due process fail as a matter of the law.” Go to Source
What is Ink: Kraken’s layer-2 DeFi bridge?
Learn how Ink by Kraken enhances DeFi with fast, low-cost transactions and secure cross-chain interoperability for a better decentralized experience. Go to Source
Kraken Completes 2024 Proof of Reserves, Verifying Over $21.5 Billion in Client Assets
Kraken has announced the completion of its 2024 Proof of Reserves, an independent verification process conducted by a third-party accountant. This procedure allows clients to confirm that their account balances are fully backed by onchain assets. The latest attestation, which became available on November 1, 2024, covers a total value of over $21.5 billion in … Read more
Kraken Launches Licensed Broker Offering for Australian Wholesale Clients, Expanding Access to Crypto-Based Derivatives
Kraken has announced the launch of a licensed broker offering specifically designed for Australian wholesale clients, providing access to a range of crypto-based derivatives products. This new service allows eligible clients to manage risk and gain exposure to cryptocurrency price movements without the need to hold the underlying assets. The offering is backed by Kraken’s … Read more
Crypto Biz: Crypto industry faces fresh round of layoffs
This week’s Crypto Biz explores Coinbase’s earnings, Reddit’s sale of crypto holdings and Circle’s new fee structure for institutional investors and high-volume traders. Go to Source