Bitcoin: Kraken Unveils New Wrapped kBTC
Kraken launches $kBTC, a wrapped Bitcoin on Ethereum and Optimism, aiming to revolutionize DeFi trading. Could this be Bitcoin’s new DeFi superpower? Or just a fancy new cape? ?♂️ #Crypto #Humor
Kraken
Kraken Expands Dutch Market With BCM
Kraken acquires Dutch crypto broker Coin Meester (BCM) to boost its European presence. This includes a VASP license for France and Poland, aligning with upcoming MiCA regulation. BCM clients will access a wider range of digital assets.
Ethereum Whale Moves 3510 ETH to Kraken
An inactive Ethereum ICO participant transfers 3510 $ETH to Kraken after two years. Initially acquiring 150,000 $ETH for $46,500, the current value of the transferred ETH is nearly $390 million. The wallet still holds 11,489 $ETH.
Ethereum Whale Moves 10,000 ETH
Ethereum whale moves 10,000 $ETH to Kraken after two years of inactivity. The wallet, originally holding 50,000 $ETH, still retains about 9,298 $ETH worth $22.66M. Ethereum price up 5% this week.
Bitcoin Demand Surges on Kraken Coinbase
Bitcoin accumulation on $COIN and @krakenfx surges amid market volatility, with buy/sell ratios at 123% and 250% respectively. Larger transaction sizes and institutional investors drive this trend, indicating potential market stability despite recent fluctuations.
Bitcoin Whale Transfers 25 BTC After Decade
An anonymous Bitcoin whale transferred 25 BTC, worth $1.59M, to Kraken after 11 years of dormancy. Another whale moved 64 BTC after 13.5 years, indicating potential market shifts and changes in long-term holder strategies. $BTC
SEC Wins Major Victory Against Kraken
Federal Court Rules in Favor of SEC in Kraken Lawsuit. The court denied Kraken’s motion to dismiss, citing securities law violations. Kraken must respond within 20 days; next hearing on Oct 15, 2024. This ruling may set a precedent for future crypto regulatory actions.
Kraken Loses Lawsuit to Australian Regulator
ASIC wins lawsuit against Kraken subsidiary Bit Trade for compliance failure on a new product. The court’s ruling avoids harsher penalties but sets a precedent for increased regulatory scrutiny in the crypto industry. Kraken agrees to comply.
Kraken Users Withdraw Mt. Gox Bitcoins
Kraken users have transferred over 5000 BTC (~$330M) in Mt. Gox refunds to cold wallets within 24 hours, signaling a shift towards holding and enhanced security. This trend reflects confidence in Bitcoin’s future value and aligns with broader market behavior. #Update #Bitcoin
Kraken Claims CertiK’s $3 Million Crypto Exploit
Kraken reports a $3M crypto withdrawal by @CertiK’s ethical hackers due to a critical bug, promptly fixed to secure client funds. Dispute arises over delay and compensation demands. Highlights need for clear protocols in #cryptocurrency security. #Update
Kraken Secures $100M Funding Ahead of IPO
Kraken plans to raise $100M by end of 2024 ahead of its 2025 IPO, targeting a major partner amid booming #crypto market. This move could set a precedent for the industry. #Updates
Kraken Adds New Meme Coins BODEN and TREMP
Kraken Pro lists meme coins Joe Boden (BODEN) and Donald Tremp (TREMP), marking the first US exchange to offer PoliFi assets. BODEN surged 36.5%, TREMP market cap hits $140M. #CryptoNews #Updates
Kraken denies plans to delist USDT in EU
On May 18, a Kraken executive clarified that the exchange will not delist Tether’s USDT in Europe, countering speculation and emphasizing Kraken’s commitment to compliance with the new European MiCA regulations. This move showcases Kraken’s dedication to maintaining a broad range of services for European clients amidst evolving regulatory demands.
Kraken Ends USDT Support: Europe Crypto Shift
Kraken is considering halting USDT stablecoin support in the EU due to new MiCA regulations, signaling a major shift in the region’s crypto exchange landscape and highlighting the industry’s efforts to comply with evolving legal frameworks. This strategic move underscores the balance between adhering to regulations and serving European clients effectively.