Kraken Financial News

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Kraken Ventures, Fabric Ventures, Arca, and Inovo.vc joined the round as well as existing investors Speedinvest, Credo Ventures and Seedcamp. Fiat secured $3.5 million in financing in 2022.The startup offers a single API integration coupled with a single compliance touchpoint, providing crypto platforms with access traditional transaction banking services, cutting the time and cost of processing fiat currencies.The company is also building a coalition of crypto platforms to "transform the perception of cryptocurrencies in traditional financial circles and focusing them on seeking partnership rather than conflict".Meanwhile, Fiat has been granted a full electronic money institution licence by De Nederlandsche Bank, enabling it to provide regulated financial services across the European Economic Area.

A hacker who targeted the Uranium Finance DeFi platform in 2021 may have attempted to launder their stolen crypto gains by using “Magic: The Gathering” trading cards.

There are many different ways to trade cryptocurrencies with leverage. Some of the most common include crypto futures, options, and tokenized derivatives.

The U.S. Securities and Exchange Commission (SEC) has filed a complaint against Payward Inc. and Payward Ventures Inc., collectively known as Kraken, for operating their cryptocurrency trading platform without the necessary registrations. The complaint, filed in San Francisco, alleges violations dating back to September 2018. Kraken is accused of functioning as an unregistered exchange, broker, dealer, and clearing agency, amalgamating the roles of these entities without proper registration. This reportedly deprived investors of crucial protections, such as SEC inspection and safeguards against conflicts of interest.

Bitcoin (BTC) briefly reached $38,000 on Nov. 24 but faced formidable resistance at the price level. On Nov. 27, Bitcoin price traded below $37,000, which is unchanged from a week ago. 

Last week, the legal drama featuring the world’s largest crypto exchange and United States law enforcement ended with a plea deal. Binance and Changpeng “CZ” Zhao have admitted violating U.S. Anti-Money Laundering laws, agreeing to pay $4.3 billion in fines. CZ resigned as CEO of Binance as part of the deal. Binance’s former head of regional markets outside the U.S., Richard Teng, is the new CEO.

The US Commodity Futures Trading Commission is showing no signs of letting up in its battle against crypto firms.

“The crypto game feels a bit more fair today,” Kraken co-founder Jesse Powell said in an X post on Wednesday.

Kraken co-founder Jesse Powell has welcomed the result of the Binance investigation in an X (formerly Twitter) post and has highlighted the need for long-term-oriented visionaries and shareholders.

Brian Armstrong-led cryptocurrency exchange Coinbase has again called on the US justice system to persuade the Securities and Exchange Commission (SEC) to provide clear regulatory guidelines on crypto assets.

Crypto banking firm, BCB Group, announced the departure of CEO Oliver von Landsberg-Sadie today following the exits of two other executives, according to a company email sent Wednesday.

Outflows from Binance have amounted to more than $1 billion in the past 24 hours, not including bitcoin, according to data from blockchain analysis firm Nansen, after founder and CEO Changpeng Zhao stepped down and pleaded guilty in a deal with the Department of Justice.

Jesse Powell, co-founder of crypto exchange Kraken, has called the US regulators masochists attacking America and extortionists chasing crypto companies out of the country.

The U.S. Securities and Exchange Commission (SEC) fired a fresh salvo in its cryptocurrency crackdown on Monday when it sued Kraken for operating an unregistered securities exchange and allegedly mixing customer funds with its own.

The U.S. Securities and Exchange Commission (SEC) has added Kraken – a San-Francisco-based crypto exchange – to its hitlist of industry giants charged with a litany of securities law violations and internal control failures.

The move follows similar charges levelled by the SEC against Binance and Coinbase and comes just months after Kraken and the watchdog reached a $30 million settlement over the failure to register a staking-as-a-service programme.The SEC alleges that Kraken intertwines the traditional services of an exchange, broker, dealer, and clearing agency without having registered any of those functions with the Commission as required by law. Kraken’s alleged failure to register these functions has "deprived investors of significant protections," including inspection by the SEC, recordkeeping requirements, and safeguards against conflicts of interest, among others.In addition, says the SEC, Kraken commingles its customers’ money with its own, including paying operational expenses directly from accounts that hold customer cash.

The Securities and Exchange Commission accused crypto exchange Kraken of securities-law violations, less than a year after unveiling a $30 million settlement with the firm over other alleged conduct.

The crypto space has been making its feelings known about a lawsuit filed by the United States Securities and Exchange Commission (SEC) against the crypto exchange Kraken. 

Senator Cynthia Lummis has criticized the Securities and Exchange Commission (SEC) for its current approach to cryptocurrency regulation.

The U.S. Securities and Exchange Commission (SEC) has initiated legal proceedings against the cryptocurrency exchange Kraken, claiming it has been operating an unregistered securities trading platform.