Amid a multi-month bear market in crypto land, this industry’s leading startups have still shot for the stars. Case in point, leaked documents indicate that a distinguished crypto exchange, Kraken, is seeking to be valued at a jaw-dropping sum, which may place the platform among the ranks of Earth’s foremost startups. While the firm’s appetite…
Over the last two months, Bitcoin price has rallied from the depths of the bear market to a well over a 100% gain for crypto investors who bought when there was “blood in the streets.” Those who did catch the bottom have watched at their investment in Bitcoin double in short order, with little to…
A recent statement from an NYU professor brought yet another troublesome aspect of US crypto regulation to the attention of the public. This time, it is a rivalry between different regulators, with all of them wishing to establish dominance. US Regulators Competing for Turf The US is under a lot of pressure when it comes…
As the crypto industry grows, its increased use by both innocent cryptocurrency investors and malicious cyber criminals does as well. This has prompted government agencies and financial market regulators to take a deeper look at crypto transactions in order to track down potential criminal behavior in hopes of finding evidence that will lead to successful…
The Bank of England denied a bid by Nicolas Maduro, Venezuela’s dictatorial ruler, to withdraw $1.2 billion worth of Gold, reported Bloomberg. The move came after top US officials requested their UK counterparts to disconnect the Maduro’s regime from its assets abroad. The UK accepted the request as it, and many other countries, joined the US’…
A security research team at Kraken, a crypto exchange valued at $4 billion, has found a way to gain access to seeds from the widely-used KeepKey hardware wallet. To carry out the attack, the Kraken Security Labs team said that a specialized piece of hardware and knowledge is needed. With that, it takes less than…
Does Coinbase’s mild direct listing performance have emerging crypto platforms thinking twice about going public? The latest comments from major cryptocurrency exchange Kraken might be suggesting so. In an interview with CNBC earlier this year, Kraken CEO Jesse Powell shared that the company was considering going public via a direct listing in 2022. Coinbase went…
Cryptocurrency exchange Kraken recently announced that they will be acting to strengthen their ties to Switzerland, describing the country as a “kindred spirit” due to its positive approach to regulating and incubating growth within the crypto sector.To build a foundation within the country, the exchange recently began offering support of the Swiss Franc (CHF) while…
Kraken and five other DeFi projects contribute $250,000 each to support the teams that work on the Ethereum upgrade. In addition, they donated the sum to the ETH Foundation to develop the network’s version 2.0. Open-source developer teams like Erigon, Besu, Nimbus, Geth, and Nethermind will join the ETH Foundation in the donation. 1/ A…
Jesse Powell, the CEO of the popular crypto exchange Kraken, has said that Bitcoin under $40K would be a good buy, while also predicting that the dollar will go to zero. Bitcoin’s Fall Is A Buying Opportunity If the price of Bitcoin falls below $40,000, Kraken CEO Jesse Powell says the present downward pressure would…