Kraken

Cryptocurrency startup Chia Network Inc. announced on Friday that it has taken a significant step towards a U.S. initial public offering (IPO) by confidentially submitting a draft registration statement to the Securities and Exchange Commission (SEC). In 2021, the company was valued at...

Cryptocurrency Shiba Inu (CRYPTO: SHIB), considered one of the 15 largest cryptocurrencies by market cap, launched in August 2020. Here’s a look at how much money people who got in at the start have made. What Happened: Shiba Inu launched as a similarly themed cryptocurrency to Dogecoin (...

Cryptocurrency exchange Kraken is planning to launch its own bank to support struggling cryptocurrency firms that are having difficulty establishing connections with traditional banks. The move comes amid the Securities and Exchange Commission (SEC) accusing Kraken of selling unregistered...

Shark Tank host Kevin O'Leary said that the only way crypto exchanges will stay afloat is by imposing regulations.  What Happened: O’Leary tweeted on Friday, “We’re going to keep seeing these crypto exchanges going to ZERO, until we actually force regulation on these...

A recent research report by JPMorgan Chase & Co. (NYSE: JPM) highlights how the U.S. Securities and Exchange Commission (SEC) views most cryptocurrencies as securities. This view extends to staking services, which the SEC views as similar to offering any other type of security. The report,...

Galaxy Bahamas, a subsidiary of Galaxy Digital, Mike Novogratz's crypto investment firm, has recently received regulatory approval to operate in the Bahamas. The Securities Commission of The Bahamas has authorized the company to operate as a digital asset business under the country's...

Building on his efforts to improve the regulatory environment for cryptocurrencies, as well as for his defense of his company's staking services, Coinbase Global Inc (NASDAQ: COIN) CEO Brian Armstrong said on Monday he was visiting Washington, D.C., advocating for...

The U.S. Securities and Exchange Commission (SEC) recently charged Kraken for offering its staking as a service program as an unregistered security. This has prompted concerns among market analysts and experts about the possibility of a multipronged regulatory crackdown on the cryptocurrency...

Congressman Tom Emmer (R-Minn.) slammed the Securities and Exchange Commission Chair Gensler for his "regulatory purgatory" strategy, arguing that it hurts everyday Americans the most. What Happened: This comes in response to the SEC crackdown on Kraken,...

At least $220 million worth of longs and shorts got liquidated in the last 24 hours from the crypto market, in the aftermath of Kraken suspending ‘staking’ operations. What Happened: Data from CoinGlass shows that $200 million worth of longs were liquidated and over $20M shorts since...

Rocket Pool (CRYPTO: RPL) has risen 7% over the past 24 hours, outperforming Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) gains. What Happened: The rally comes as cryptocurrency exchange Kraken suspended its staking operations in a Securities and Exchange Commission settlement. At the...

Coinbase (NASDAQ: COIN) CEO Brian Armstrong said his cryptocurrency exchange company would keep fighting for "economic freedom" as peer Kraken suspends its crypto-staking operations. What Happened: Armstrong said on Twitter that some days “being...

Leading cryptocurrency exchange Kraken has agreed to discontinue its staking operations as part of a settlement with the U.S. Securities and Exchange Commission (SEC), Coindesk reported on Thursday, citing a source familiar with the matter. The settlement was reportedly approved during a private...

Major cryptocurrency exchange Kraken is currently under investigation by the U.S. Securities and Exchange Commission (SEC) over claims that it broke securities rules related to offerings made to American clients. Citing an anonymous source, Bloomberg reported the SEC probe was in its...

Cryptocurrency exchange Kraken closed its Abu Dhabi office less than a year after obtaining a local license as part of its ongoing retrenchment efforts. The company reportedly laid off most of its team focused on the Middle East and North Africa, affecting around eight employees. The exchange...