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SEC’s regulatory actions push US-based exchanges to withdraw staked Ethereum
What is CryptoSlate Alpha? CryptoSlate Alpha is a membership designed to empower you with cutting-edge insights and knowledge, built on top of Access Protocol. More about CryptoSlate Alpha › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. You Need More ACS It looks…
Kraken eyes own bank amid regulatory scrutiny
Ad Crypto exchange Kraken has plans to launch its bank, The Blocks reported March 6. According to the report, the crypto firm continues its plans despite the recent regulatory issues plaguing the industry. Kraken’s chief legal officer Marco Santori said: “Kraken Bank is very much on track to launch, very soon. We’re going to have…
Kraken closes Abu Dhabi’s office, sacks 8 staff
Kraken Exchange Company in North America Kraken is a San Francisco-based digital asset exchange in euro volume and liquidity that trades various currencies, including Canadian dollars, US dollars, British pounds, and Japanese yen. More about Kraken Info Twitter LinkedIn
Kraken to shutter operations in Japan by end of January 2023
Kraken will shut its operation in Japan and deregister with the country’s Financial Services Agency on Jan. 31, 2023, according to a Dec. 28 statement. According to the exchange, the decision was made as part of efforts to prioritize its overall business. The firm said the “current market conditions in Japan in combination with a…
Kraken’s Powell says Binance Proof-of-Reserve is pointless without liabilities
Former Kraken CEO Jesse Powell criticized Binance’s Proof of Reserve, calling it an “ignorant or intentional misrepresentation.” I’m sorry but no. This is not PoR. This is either ignorance or intentional misrepresentation. The merkle tree is just hand wavey bullshit without an auditor to make sure you didn’t include accounts with negative balances. The statement…
Coinbase, Kraken down as Bitcoin breaks below June low
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Kraken CEO Jesse Powell moving to Chairman role to focus on crypto industry advocacy
Kraken’s Co-founder and CEO Jesse Powell is stepping down from his position and will be replaced by the firm’s COO Dave Ripley, according to a Sept 21 press statement. Powell will become the chairman of the company’s board; he will now be focusing on product development and crypto industry advocacy. The press release stated that…
US Congress sends 5 major crypto exchanges letter inquiring how they are combatting crypto fraud
Five prominent cryptocurrency exchanges in the U.S. received letters from Congress requesting information about their steps to combat crypto fraud. The inquiries are part of the latest push from Congress to bring tighter regulation to the crypto industry in the U.S., as the country still struggles to determine which of its many regulatory agencies should…
Federal Reserve to finalize guidelines on crypto access to master account
The U.S. Federal Reserve said on August 15 that it plans to publish guidelines for crypto firms to access Fed master accounts and payment services. A master account allows financial institutions to be part of the global payments system without intermediary banks. According to the press statement, the regulator said institutions offering new types of…