Kraken | ForkLog

ForkLog 9 18.11.2024

Kraken and Tether Back Launch of EU-Regulated Stablecoins

The Dutch fintech firm Quantoz has announced the launch of two stablecoins compliant with MiCA regulations, following investments from Fabric Ventures, Kraken, and Tether. Quantoz Payments Issues Euro and US Dollar Stablecoins and receives an investment from Fabric Ventures, Kraken and Tether. Read the full press release with statements from @ahansjee (@fabric_vc), @marklg (@krakenfx), @paoloardoino […]

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ForkLog 21 05.11.2024

Paxos, Robinhood, and Kraken Collaborate to Promote USDG Stablecoin

Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood have joined forces to establish a “global dollar network.” [4/4] This is just the beginning. Join the new frontier: https://t.co/lKjnbabUaJ pic.twitter.com/ugHpsFJYZS — Paxos (@Paxos) November 4, 2024 The Global Dollar Network aims to accelerate the adoption of stablecoins worldwide. At its core is a “new, […]

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ForkLog 9 31.10.2024

Kraken Reduces Workforce by 15% Amidst Leadership Changes

Kraken has laid off 15% of its staff and altered its leadership team. The exchange has introduced a new desktop trading terminal. Founded in 2011, cryptocurrency exchange Kraken has announced a 15% reduction in its workforce, a corporate restructuring, and the appointment of a new co-leader. This was reported by the NYT citing sources. The […]

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ForkLog 22 24.10.2024

Kraken Reveals Details of Its Own Layer 2 Solution

The American cryptocurrency exchange Kraken plans to launch its own blockchain, Ink, in the first quarter of 2025. This was revealed by its founder, Andrew Koller, in an interview with Bloomberg. Access will be open to both retail and institutional users. The launch of the test network is expected by the end of the year. […]

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ForkLog 15 17.10.2024

Kraken Unveils Wrapped Bitcoin Token kBTC

The American cryptocurrency exchange Kraken is set to launch its own version of wrapped Bitcoin, dubbed kBTC. This was revealed by a platform representative in an interview with CoinDesk. Initially, the token will be available on the Ethereum blockchain and the L2 network OP Mainnet (Optimism). Kraken Financial, regulated in the US as a special […]

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ForkLog 8 23.08.2024

Australian Court Sides with Regulator in Case Against Kraken

The Federal Court of Australia has found Bit Trade, the local operator of the Kraken cryptocurrency exchange, guilty of failing to comply with legal requirements in offering margin trading. This was announced by the Australian Securities and Investments Commission (ASIC). On October 5, 2021, Bit Trade offered Australian clients trading on Kraken the “margin extension” […]

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ForkLog 11 25.07.2024

Kraken and Bitstamp Report on Mt.Gox Asset Distribution

Major centralized cryptocurrency exchanges have announced the receipt of digital assets from the defunct trading platform Mt.Gox and their distribution among creditors. In the early hours of July 24, Kraken CEO Dave Ripley reported on the deposits and the commencement of payments. 1/ @krakenfx has successfully distributed #Bitcoin and Bitcoin Cash from the @mtgox estate […]

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ForkLog 33 24.07.2024

Mt.Gox Creditors Receive Funds via Kraken, Reports Suggest

Creditors of the bankrupt exchange Mt.Gox have begun receiving Bitcoin and Bitcoin Cash transfers to their Kraken accounts, according to a report by The Block, citing their Telegram group. The payouts commenced following a series of transactions in which the platform’s trustee moved a total of 48,641 BTC, valued at over $3 billion. According to […]

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ForkLog 5 03.07.2024

Kraken Explores Nuclear Energy for Data Centre Stability

Kraken is exploring the potential of nuclear energy to ensure stable power for its data centres. This was revealed by the cryptocurrency exchange’s CTO, Vishnu Patankar, in an interview with CoinDesk. The manager highlighted a sharp increase in electricity demand from the artificial intelligence and high-performance computing sectors. Kraken also anticipates a boom in the […]

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ForkLog 10 28.06.2024

Jesse Powell Donates $1 Million in Cryptocurrency to Donald Trump

Kraken co-founder Jesse Powell has donated $1 million to Donald Trump’s campaign, “mostly in ETH.” I just personally donated $1m (mostly #ETH) to @realDonaldTrump. For too long, the crypto industry has been under attack by Elizabeth Warren, Gary Gensler and others. Despite overwhelming bipartisan Congressional efforts to put clear rules in place, the Biden White […]

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ForkLog 14 20.06.2024

CertiK Unveiled as ‘White Hat’ Hacker Behind Kraken Exploit

The clandestine “security researcher” who discovered and exploited a vulnerability on the Kraken cryptocurrency exchange has been revealed as CertiK. CertiK recently identified a series of critical vulnerabilities in @krakenfx exchange which could potentially lead to hundreds of millions of dollars in losses. Starting from a finding in @krakenfx‘s deposit system where it may fail […]

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ForkLog 11 19.06.2024

Kraken Bug Hunters Extract $3 Million via ‘Extremely Critical’ Vulnerability

The cryptocurrency exchange Kraken has resolved a dangerous exploit that allowed users to artificially inflate and then deplete their account balances. Kraken Security Update: On June 9 2024, we received a Bug Bounty program alert from a security researcher. No specifics were initially disclosed, but their email claimed to find an “extremely critical” bug that […]

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