‘Crypto’ firms unbank themselves from struggling Silvergate
Silvergate notified the U.S. SEC that it wouldn't be filing the annual report on its fiscal health by March 16, insisting it "requires additional time" to fully diagnose its shortcomings.
Latest Kraken News
Brutal layoffs continue in the digital currency industry—is this the worst bear market yet?
Only two months since entering 2023, thousands have been laid off in the digital currency industry, but hopes of a bull market remain, though it may not likely be the same as before.
Is the SEC catching on to the BTC decentralization myth?
Gary Gensler recently gave an interview to the New York Magazine in which he had some revealing things to say about Bitcoin and its knockoffs, and in particular whether or not they are securities.
Coinbase says ‘crypto’ needs ‘scalability’ but exchange still shuns BSV
Recent figures show Coinbase generated revenue of just under $3.15 billion last year, down from $7.35 billion in 2021.
South Korea goes after digital currency staking services following Kraken’s debacle: report
At the moment, details and the direction of the financial regulators' investigations remain unclear largely because of the lack of staking regulations in South Korea.
US officials to meet with ‘crypto’ crooks to discuss European regulations
Apart from the planned meeting with EU officials on the MiCA regulations, U.S. authorities will also hold talks with controversial digital asset firms, including Binance, Ripple, and Coinbase.
Kraken fined $30M by SEC, agrees to halt US customer staking programs
The U.S. securities regulator announced that two Kraken entities had agreed to "cease offering or selling securities through crypto asset staking services" and pay $30 million in penalties.
SEC probes Kraken for unregistered securities, threatens Coinbase staking
The U.S. Securities and Exchange Commission appears to have the Coinbase and Kraken digital asset exchanges squarely in its sights for dealing in unregistered securities.
Kraken shuts down Abu Dhabi office less than a year after launch
Kraken also laid off some employees in the MENA region and suspended AED but maintains that clients in the region will still have access to the platform.
2022: A year in regulation
The FTX's collapse is the final imperative for global lawmakers to enact a string of regulations in the digital asset sector, while the event also led to a tug-of-war game between two state agencies.
Kraken’s $362,000 sanctions settlement spells trouble for Binance
The settlement relates to 826 transactions worth $1,680,577.10 which were processed by Kraken on behalf of individuals located in Iran, which has been subject to U.S. sanctions since 1987.
FTX’s Sam Bankman-Fried pens ‘Crypto Regulation for Dummies’
SBF recently tweeted his "thoughts on crypto regulation" alongside a more detailed set of Possible Digital Asset Industry Standards posted to the policy page of the FTX.US.