Kraken

Mt. Gox, the crypto exchange that faced a major hack, is making significant progress toward reimbursing its creditors in Bitcoin (BTC) and Bitcoin Cash (BCH). Mt. Gox Rehabilitation Trustee has been actively contacting affected parties to verify their identities and confirm account details necessary for repayment. Many creditors have received emails from the company confirming […]

The United States Securities and Exchange Commission (SEC) has filed a complaint against Kraken, accusing the cryptocurrency platform of being an unlisted exchange, broker, dealer, and clearing agency. The SEC alleges that Kraken has unlawfully enabled cryptocurrency transactions since 2018. Kraken, in response, expressed disagreement with the SEC’s claims, asserting its intention to defend itself […]

The regulator claimed that Bit Trade, the provider of Kraken in Australia, failed to ascertain its target market. They introduced its margin trading product to Australian customers without proper consideration. ASIC sues Bit Trade, Kraken’s operator in Australia, in a legal move involving the Australian Securities and Investments Commission. This action is due to their […]

The Ethereum-to-Bitcoin ratio hit a 14-month low as major token holders, including Ethereum co-founder Vitalik Buterin, moved significant amounts of coins to crypto exchanges, possibly as a prelude to selling. Data from TradingView showed that ETH-BTC fell to around 0.0602 on Wednesday, the lowest reading since July. The recent decline supports some market analysts’ bearish […]

A mysterious wallet address that holds 61,216 Ether (ETH) from the pre-mining period of Ethereum transferred its entire balance to the Kraken crypto exchange on July 18, after being inactive for eight years. 💤 💤 💤 💤 💤 💤 💤 💤 💤 💤 A dormant pre-mine address containing 61,216 #ETH (116,396,127 USD) has just been […]