Bitstamp introduces ‘inactivity fee’ to shore up revenue

Crypto exchange Bitstamp has announced it will start charging an inactivity fee of €10 per month from August 1. The fee will not apply to users in the U.S. or those with an account balance of over €200. Bitstamp clarified that most customers are not affected by the new “inactivity fee.” The exchange said that affected…

New York Times report says Kraken’s CEO began culture war

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A New York Times report has revealed how Kraken CEO Jesse Powell started a culture war within the organization that created a toxic workplace. According to the report, the CEO of one of the biggest crypto exchanges in the US has…

Kraken CEO lashes out against some employees for being ‘bad fit’

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Kraken CEO Jesse Powell lashed out on Twitter against some employees for going against the company’s crypto-first culture, saying that around 20 people out of its 3,200 workforce were not fit for the organization. Powell revealed that these employees’ actions have…

Kraken joins list of centralized exchanges with NFT marketplace

Another leading centralized crypto exchange, Kraken, has thrown its hat into the non-fungible token space with the launch of a waitlist for the beta version of a marketplace for this class of digital assets. Kraken’s NFT marketplace According to the official statement released by the exchange, transactions on the NFT marketplace will incur no gas…

Kraken secures regulatory approval to set up shop in Abu Dhabi

Another leading crypto exchange, Kraken, will begin operations in the United Arab Emirates, having secured a license to set up regional trading headquarters in Abu Dhabi, Bloomberg News reported. Kraken gets Abu Dhabi license Abu Dhabi Global Markets Registration Authority (ADGM) CEO Dhaher bin Dhaher confirmed that the firm will start operating in the region…

Kraken’s Bitcoin Lightning service hits 2,500 BTC in transactions

Kraken, one of the largest centralized crypto exchanges in the world, launched its Bitcoin Lightning service on April 1st this year, but the success of the service seems to be anything but a joke. In less than three weeks, usage of the Lightning Network on Kraken has sent the exchange into the position of being…

Kraken to join list of exchanges launching a NFT marketplace

In recent times, centralized exchanges are stepping up efforts into breaking into the NFT space with a number of new initiatives. So far, top crypto exchanges like Binance, Coinbase, and FTX have released different variations of adoption of the nascent niche in the crypto space. The latest amongst these top exchanges to indicate interest in…

Why crypto exchange Kraken predicts a $100,000 value for Bitcoin (BTC)?

Bitcoin’s value, from the earliest of days, has always attracted different price predictions from many crypto analysts and sceptics alike. Kraken, a leading US-based crypto exchange, is of the opinion that the price of the flagship asset could touch as high as $100,000 before the end of 2021. This was contained in a recently released…

Kraken fined $1.25 million by CFTC for offering Bitcoin, crypto futures

‘DeFi is really eating the world of finance,’ says Kraken CEO The emergence of cryptocurrencies such as Bitcoin and Ethereum made it obvious how much traditional markets lack transparency and are stacked against the “little guy,” Jesse Powell, CEO of crypto exchange Kraken, told Yahoo! Finance in an interview published on Friday. 2 min read…