Kraken

In a recent move that has sparked significant interest and speculation in the crypto world, the Ethereum Foundation transferred 35,000 ETH to Kraken on August 23.  This transaction has fueled discussions among analysts and investors, who are now pondering its potential impact on Ethereum and the broader altcoin market if the ETH were to be sold.  With the Ethereum Foundation's history of strategic sales and market timing, many believe that this move could signal a major bullish trend for Ethereum…

The post Kraken Under the SEC Lawsuit Fire! appeared first on Coinpedia Fintech News Kraken, one of the major cryptocurrency exchanges, was sued by the SEC last November in the Northern District of California. The ongoing legal battle between cryptocurrency exchange Kraken and the SEC has taken a significant turn. On August 23, U.S. District Court Judge William H. Orrick of the Northern District of California ruled that the SEC’s lawsuit against Kraken will proceed to trial, rejecting its motion…

The post Kraken Suffers Setback: Judge Denies Dismissal in SEC Lawsuit appeared first on Coinpedia Fintech News In a legal battle between SEC vs Kraken, the U.S. SEC has won a crucial battle in its ongoing lawsuit against Kraken, a major U.S.-based cryptocurrency exchange. On Friday, Judge William Orrick of the Northern District of California ruled that the SEC vs Kraken case could proceed, denying the exchange’s motion to dismiss the lawsuit. Let’s understand the ruling! Eleanor Terrett Highlights “Double…

The post MT. Gox Creditors Faces Issues on Kraken and Bitstamp appeared first on Coinpedia Fintech News Finally after a decade of wait, the creditors of Mt. Gox crypto exchanges are receiving their lost funds. Crypto community takes it as a great step however the creditors are facing problems claiming their repayments. Let’s explore what kind of issues they are facing and who is responsible for it. Kraken rejecting payouts Data from Arkham shows that two weeks ago Kraken received…

The post Kraken Faces Criticism Over Rejecting BTC Payouts To Creditors  appeared first on Coinpedia Fintech News Kraken, a prominent crypto exchange, is facing criticism due to the rejection of Bitcoin (BTC) payouts to creditors involved in the Mt. Gox bankruptcy proceedings. According to several posts on the Mt Gox insolvency subreddit from users affected by this issue, Kraken has repeatedly informed them that their account verification levels are insufficient to process the Bitcoin transfers. Adding to the confusion, the…

The post Mt. Gox Creditors Finally Receive Bitcoin and Bitcoin Cash via Kraken appeared first on Coinpedia Fintech News After a decade, the creditors of the Mt. Gox hack, which quickly depleted many investors’ wealth, received significant relief. Dave Ripley, CEO of Kraken, announced that Kraken has successfully distributed Bitcoin and Bitcoin Cash from the Mt. Gox estate to creditors. He highlighted Kraken’s decade-long role in facilitating the investigation and return of client funds, emphasizing it as both a privilege…

After a decade-long wait, creditors of the now-defunct Mt. Gox Bitcoin exchange have finally begun receiving their owed Bitcoin (BTC) and Bitcoin cash (BCH) via the Kraken and Bitstamp crypto exchanges.  However, this had a notable impact on the cryptocurrency market, contributing to a nearly 4% drop in the price of Bitcoin after users confirmed the deposits to their wallets from the exchanges.  Mt. Gox Distributes Millions To Bitstamp And Kraken On an early Tuesday morning, wallet addresses linked to…

Kraken, a prominent crypto exchange, has announced that it has received funds from the Mt. Gox Trustees. Within the next seven to 14 days, it will start distributing Bitcoin (BTC) and Bitcoin Cash (BCH) to users affected by the Mt. Gox collapse. For those affected by the Mt. Gox debacle, this distribution represents a critical resolution point, potentially ending a decade-long ordeal of recovery and compensation. Bitcoin Retraces From $65,000 The exchange plans to distribute these funds swiftly, ensuring that…

The post Ethereum ETFs Could Amass $1 Billion Monthly: Kraken Executive appeared first on Coinpedia Fintech News In a recent Bloomberg interview, a Kraken executive noted that the market is trying to figure out ETF inflows suggesting around $750 million to $1 billion monthly. If inflows exceed expectations, the chances of Ethereum tapping all-time highs will increase, driving positive market sentiments. He added that Kraken’s mission is to accelerate crypto adoption through strategic means. Spot Ethereum ETFs could be the…