The Australian Securities and Investments Commission (ASIC) has fined Bit Trade, the local operator of the Kraken crypto exchange, of AUD 8 million (approximately USD 5.2 million) for illegally providing credit facilities to over 1,100 customers. The announcement was made on December 12. According to the regulators, In October 2021, ...
Bitwise Asset Management predicts that 2025 will be a landmark year for cryptocurrency companies going public, with at least five “crypto unicorns” expected to launch Initial Public Offerings (IPOs). In their “10 Crypto Predictions for 2025” report, Bitwise’s Chief Investment Officer, Matt Hougan, and Head of Research, Ryan Rasmussen, have ...
A recent survey of 1,248 cryptocurrency investors highlights the profound influence of emotions on investment decisions. According to Kraken, 84% of respondents admitted to investing due to fear of missing out, while 81% were swayed by fear, uncertainty, and doubt. Kraken noted that the findings indicate a "significant majority of ...
A California federal judge has denied crypto exchange Kraken’s request to appeal a ruling that allows the U.S. Securities and Exchange Commission (SEC) lawsuit against it to proceed. The decision, issued by Judge William Orrick on November 18, explains the court's stance that the SEC has sufficiently alleged that Kraken ...
Dutch payment technology firm Quantoz Payments has announced the launch of two new stablecoins, EURQ and USDQ, set to go live in Europe on November 21. According to a November 18 press release, EURQ and USDQ are fully backed on a one-to-one basis by fiat reserves and highly liquid financial ...
A consortium of cryptocurrency and traditional finance companies, including Robinhood, Galaxy Digital, Kraken, and Paxos, has been established to back the latter's newest stablecoin offering, the Global Dollar (USDG). According to a statement released on November 5 by Paxos, the newly established "open network", called "The Global Dollar Network," aims ...
U.S.-based crypto exchange Kraken is broadening its range of crypto services for Australian customers. The expansion targets eligible wholesale clients, enabling them to gain exposure to cryptocurrency price fluctuations without directly holding the assets themselves. In a blog announcement on November 3, the crypto exchange revealed that the service is ...
The competition in the Wrapped Bitcoin (WBTC) space is intensifying, with major crypto platforms launching their own products to cater to DeFi and institutional users. U.S.-based exchange Kraken has just unveiled its version, kBTC, following Coinbase's recent debut of cBTC. In a blog post published today, October 17, Kraken announced ...
Kraken has announced it will delist Monero (XMR) for users in the European Economic Area (EEA) due to evolving regulatory obligations. As per a blog post from the U.S.-based crypto exchange, XMR trading and deposits, including XMR/USD and XMR/EUR, will end on October 31 at 15:00 UTC for EEA-registered clients. ...
Kraken has made another strategic move to bolster its presence in Europe with its acquisition of Coin Meester (BCM), one of the Netherlands' oldest registered crypto brokerage firms. This acquisition allows Kraken to strengthen its foothold in the Dutch market while also securing a virtual asset service provider (VASP) licence ...
