Kraken Financial News

Bitcoin continues to trade at $27,698 with a nearly 1% increase. Marathon Digital Holdings boosted its Bitcoin production by 16% monthly and Kraken experienced its highest Bitcoin deposit activity in half a decade due to surging prices and growing ETF confidence. 

London | There are plenty of tentacles in the $18.7 billion Brookfield-EIG takeover bid for Origin Energy, but there is only one Octopus.

Cryptocurrency exchanges are adopting alternative strategies to conduct business in the face of tighter crypto regulatory environments worldwide. Signs are everywhere.

Kraken, a prominent US-based cryptocurrency exchange, is reportedly considering expanding its product offerings to include traditional stocks and exchange-traded funds (ETFs). 

San Francisco-based crypto exchange Kraken is reportedly considering a move into the stock market with the addition of stocks and exchange-traded funds (ETFs) to its trading platform, according to a Bloomberg report today.

Cryptocurrency exchange Kraken reportedly plans to offer users trading services for stocks listed in the United States and exchange-traded funds, or ETFs.

Kraken moves toward a wider European presence with key regulatory steps in Spain and Ireland after it obtained an EU e-money license.

Cryptocurrency exchange Kraken has received an Electronic Money Institution (EMI) from the Central Bank of Ireland and registration as a virtual asset service provider (VASP) from the Bank of Spain.

Ethereum co-founder Vitalik Buterin has reportedly transferred 400 ETH to Coinbase, worth $632,000, resulting in a total transfer of $3.94 million worth ETH to various crypto exchanges in September alone.

The Australian Securities and Investments Commission (ASIC) alleged that Bit Trade, the provider of the Kraken crypto exchange to Australian customers, did not make a target market determination before offering its margin trading product to Australian customers. Design and distribution obligations (DDO) are legal requirements for firms that offer financial products in Australia, requiring products to be designed to meet the needs of customers and to be distributed in a targeted manner. ASIC noted that Bit Trade provides credit to buy and sell certain crypto assets on the Kraken exchange, and customers are able to receive an extension of credit of up to five times the value of the assets they used as collateral. The regulator claimed that, since DDO began in October 2021, at least 1,160 customers had used Bit Trade’s margin trading product, incurring a total loss of about A$12.95 million (£6.74 million). Despite being notified of the ASIC’s concerns in June 2022, the regulator alleged that Bit Trade has continued to offer the product without making the appropriate determinations.

Australia's regulatory body, the Australian Securities and Investments Commission (ASIC), has initiated legal proceedings against Bit Trade Pty Ltd, the provider of the Kraken cryptocurrency exchange for Australian users, for breaching design and distribution obligations related to its margin trading product.

The Australian Securities and Investments Commission (ASIC) has commenced civil penalty proceedings against Bit Trade, the provider of the Kraken crypto exchange in Australia, for failing to comply with design and distribution obligations for one of its trading products. 

Pirola. Eris. Kraken.

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While investors continue to withdraw capital from the decentralized finance (DeFi) industry at large, one particular sub-sector is growing at breakneck speed. Here's the latest.

Origin Energy’s partly owned Octopus business in the United Kingdom will add two million customers after striking a deal to buy Shell’s energy retailing business in the UK and Germany.

Size and energy allowed Kraken to stay in Canada after the imposition of new registration requirements for crypto exchanges in February. But in spite of the demanding process, the regulatory clarity has benefited the company, Kraken managing director for Canada Mark Greenberg said.

Citing the organization’s extensive experience in having completed “hundreds of early stage investments,” Brandon Gath, managing partner for Kraken Ventures, told Cointelegraph in an email that the new fund would focus on early stage founders but would offer support throughout the venture:

Moon and Brick, two tokens created by users of social media platform Reddit, are up 48% and 443%, respectively, in the past week after being listed on cryptocurrency exchange Kraken.

The revival plans of crypto exchange FTX have been met with skepticism from industry insiders, with Jesse Powell, co-founder of Kraken, raising concerns about the feasibility of FTX 2.0's aspirations.

The US Internal Revenue Service (IRS) has outlined the latest tax guidance that classifies earnings from crypto staking as taxable income.