Kraken

The post Kraken Prepares for IPO, Aims to Raise $100M Before Public Offering appeared first on Coinpedia Fintech News Kraken is reportedly considering a final funding round ahead of its Initial Public Offering (IPO) as reported by Bloomberg. The exchange is considering raising $100 million in the new funding round, which comes amidst the crypto prices rallying, with BTC hitting all-time highs of over $73,000.  The exchange received inquiries from potential investors during the ongoing crypto market rally, which initiated…

The post Ancient Ethereum Whale Moves $32 Million ETH To Kraken appeared first on Coinpedia Fintech News An ancient ETH whale has transferred 8,518 ETH worth $32.51 million to the address of a Major US exchange, Kraken. During the ICO, the holder received 100,000 ETH when the price of the main altcoin was $0.311 and sold it after a year. He then stopped and resumed activity three months ago, transferring 29,519 ETH to the address we know today. Since the…

The post Kraken Witnesses Largest BTC And ETH Outflows Since 2017 appeared first on Coinpedia Fintech News Kraken witnessed an outflow of over 49,100 BTC, the largest since 2017. In terms of USD, this is the largest outflow in the exchange’s history, totaling $3.33 billion. It also saw a massive outflow of 572,100 ETH, equivalent to $2.15 billion! Kraken’s BTC reserves dropped to 2018 levels, holding 122,300 BTC. For Ethereum, Kraken’s reserves have fallen below 1 million units. The synchronized…

The post Coinbase, Kraken, Others Form Coalition To Address Online Scams appeared first on Coinpedia Fintech News Prominent crypto exchanges including Coinbase and Kraken have joined hands to prevent online frauds and scams. The ‘Tech Against Scams’ coalition will serve as a convening body through which its members will collaborate and take action against the scammer’s methods. The coalition stated that this would include sharing best practices, threat intelligence, and other tips to keep users protected before they fall prey…

The exchange maintains its support for USDT in Europe despite upcoming MiCA regulations. Kraken is actively exploring solutions to comply with MiCA while keeping USDT accessible to European traders. Following a recent report from Cryptocurrency News Flash (CNF), Kraken, a leading U.S.-based cryptocurrency exchange, has unveiled a new division aimed at providing tailored services to institutional investors, focusing on capturing a significant portion of the burgeoning Bitcoin ETF market. Simultaneously, it has been confirmed that Kraken will reaffirm its USDT…

The post From Kraken to Robinhood: Crypto Giants Confront SEC’s Expanding Grip appeared first on Coinpedia Fintech News Recent regulatory actions by the U.S. Securities and Exchange Commission have drawn criticism not only from the common public but also from professionals. Multiple crypto exchanges and platforms have raised concerns about the SEC’s rigid behavior towards the crypto industry.  From Kraken to Coinbase and now Robinhood, the SEC’s aggressive stance has made some question whether the agency is exceeding its authority…

Kraken, the second-largest crypto exchange in the U.S., has introduced its self-custodial mobile wallet. Dubbed Kraken Wallet, the product follows in the footsteps of prominent platforms such as Binance, OKX, Coinbase, Bitget, and Bybit. Kraken Wallet’s Focus on Privacy and Self-Custody Kraken Wallet offers users a solution for managing their tokens, NFTs, and DeFi across blockchain networks such as Bitcoin, Ethereum, Polygon, Dogecoin, Base, Solana, and Arbitrum. In addition, users can connect to popular decentralized applications and access 24/7 customer…

Former Kraken CEO Jesse Powell is indignant over FTX CEO Sam Bankman-Fried (SBF)’s behavior preceding the fallout of the latter’s company. In a Twitter thread on Thursday, Powell blasted the young billionaire for recklessly tarnishing the crypto industry’s reputation.  Powell Calls Out SBF The Kraken co-founder, known as a long-time crypto veteran and believer, called this week’s events a “massive setback” for the industry.   Noting that the crypto industry is the frequent target of con artists, he said the community…

Kraken co-founder CEO Jesse Powell is set to exit his position as CEO of the major exchange platform. Amid speculation that various controversies have prompted the move, Powell claims this decision has been in talks for over a year.  Powell Is Not Leaving Kraken Entirely The avid crypto advocate shared that he plans to remain active within the crypto platform. Powell will step into a new role as the company’s first chairman of the board. He reportedly intends to shift…