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Tag Archives: kraken

Crypto Companies Pour $170M into Premier League Sponsorships

According to a September 7 report by Bloomberg, Premier League (PL) clubs have secured a record-breaking $170 million in sponsorship deals from crypto companies for the 2024/25 season. This uptick comes as league participants face tightening restrictions on gambling sponsorships, which have traditionally been a major source of revenue for them. Crypto Sponsorships on the Rise Per the report, several top clubs have already signed major crypto deals. For instance, leading...

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Bear Market Ethereum (ETH) Trade Leads to $132 Million Profit for Savvy Trader: Details

A cryptocurrency trader has made headlines by securing a profit of $131.72 million through a strategic investment in Ether (ETH). This notable trade was made during the 2022 bear market, after which the individual held onto the assets through volatile market conditions. The Investors Strategy Blockchain analytics firm Lookonchain has identified an Ether address that made a $131.72 million profit after investing during the 2022 bear market when others were losing confidence...

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This Popular Crypto Exchange Extends Support for Shiba Inu (SHIB): Details

TL;DR Kraken added Shiba Inu as collateral for futures trading, enhancing its support for the popular meme coin. Robinhood and Coinbase have also enabled new trading services for SHIB earlier this year. SHIB’s Adoption on the Rise The US-based cryptocurrency exchange Kraken officially listed Shiba Inu (SHIB) on its platform in November 2021. Since then, it has increased its support for the self-proclaimed Dogecoin-killer, enabling various trading services with it. Earlier...

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Are Mt. Gox Creditors HODLing The Newly-Received BTC?

Beginning in early July, the defunct crypto exchange – Mt. Gox – initiated repayments to creditors affected by the 2014 hack. While Kraken has completed the distribution of all the Bitcoin and Bitcoin Cash owed to Mt. Gox creditors, the former’s price remained stable. This could be due to the fact that creditors on Kraken have refrained from offloading their tokens. Mt Gox’s repayments had sparked significant concerns among crypto investors, who feared that many of the...

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Kraken Becomes Official Crypto Partner of Tottenham Hotspur

Leading crypto exchange Kraken has inked a partnership with one of England’s most iconic football clubs, Tottenham Hotspur. According to the official announcement, the alliance has made Kraken the crypto, web3, and the official sleeve partner for Tottenham Hotspur’s men’s and women’s teams ahead of the 2024/2025 football season. Kraken Partners With Tottenham Hotspur Kraken said it shares a vision with Tottenham Hotspur on how to leverage cutting-edge technologies like the...

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Kraken Institutional Debuts Custody Services in UK, Australia Crypto Markets

Kraken Institutional, the specialized division catering to institutional investors of US-based crypto exchange Kraken, has announced the international expansion of its custody services into the UK and Australia. This move marks its first venture following its initial launch earlier this year. Kraken Custody’s Expansion According to the official press release, institutional clients in the UK and Australia can utilize Kraken Custody to securely store, manage, and transfer their...

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