Tag Archives: kraken

Kraken wird zur ersten Bitcoin-Bank in den USA Die Bitcoin-Börse Kraken, gegründet im Jahr 2011 von Jesse Powell, ist eine der ältesten und am weitesten verbreiteten Kryptowährungsbörsen weltweit. Mit ihrem Hauptsitz in San Francisco, Kalifornien, hat sich Kraken als eine führende Plattform im Bereich des Kryptowährungshandels etabliert. Der Artikel beleuchtet die Geschichte, Dienstleistungen, Sicherheitsmassnahmen und die Bedeutung von Kraken in...

The Chamber of Digital Commerce (CDC) has filed an amicus curiae to defend Kraken in a lawsuit the U.S. Securities and Exchange Commission (SEC) initiated in 2023. Notably, the CDC supported the crypto exchange’s motion to dismiss the lawsuit in its latest filing. Chamber of Digital Commerce Argues for Kraken In a February 27 filing, the Chamber explained that the amicus brief aims to address and counter the SEC’s current approach to digital asset industry regulation. 1/...

Major cryptocurrency exchange Kraken is seeking to dismiss the lawsuit filed by the US Securities and Exchange Commission (SEC), arguing that the Commission was overstepping the boundaries of its regulatory authority. The SEC sued Kraken in November 2023, alleging that the crypto exchange co-mingled customer funds and listed assets deemed as securities on its platform. Kraken Fights Back Kraken filed a motion on Feb. 22, 2024, in the U.S. District Court Northern District of...

New research by the cybersecurity reporters at 404 Media has uncovered a new tool named OnlyFakes that reliably generates fake IDs capable of bypassing KYC providers’ checks with relative ease. The fake documents can be generated with or without a background, which would suggest it is a picture that was just taken by a user going through an ID verification process. Allegedly, several hundred fake documents can be produced at once using Excel batches. OnlyFakes Claims to Be...

CoinspeakerAI-Generated IDs for $15 Threaten Crypto Exchange KYC Standards The emergence of OnlyFake poses significant concerns for the crypto ecosystem, particularly in combating fraudulent activities. AI-Generated IDs for $15 Threaten Crypto Exchange KYC Standards

It was a controversial year for the crypto indutrsy. Let’s have a closer look at the major crypto-related events that too place in 2023. The year 2023 has been a rollercoaster ride for the cryptocurrency ecosystem, defined by important events that have impacted the industry’s direction. From stablecoin woes to regulatory disputes, institutional acceptance, and the advent of meme coins, the crypto sector has seen a wide range of stories. Here are the top 10 major crypto headlines that have...

Gensler disclosed that the SEC is actively reviewing rules that could potentially hurt the crypto industry. In a recent interview with CoinDesk, Gary Gensler, chairman of the United States Securities and Exchange Commission (SEC), voiced his concerns regarding the crypto industry, noting that the space is rife with fraud and bankruptcies. The SEC chair said while he respects investors’ decision to explore the crypto market, he does not believe they receive adequate disclosures regarding...

With the heightened crypto regulatory crackdown and the US SEC’s change of attitude towards the industry, Bloomberg analyst argues all 12 applications will be approved in early January. The Bitcoin (BTC) bullish narrative that began in October is expected to continue in the coming weeks after the flagship crypto asset opened December on a high note. During the early New York trading session on Friday, Bitcoin price reached a new yearly high of around $38.8k, thus rejuvenating the $40k...

In his latest remarks, Kraken co-founder Jesse Powell spoke about the current state of the cryptocurrency industry amidst a backdrop of significant regulatory actions. Powell’s comments came shortly after a settlement between Binance and the U.S. Department of Justice, resulting in a $4.3 billion fine for Binance. Jesse Powell Critiques Regulatory Landscape In a recent post on X, Powell expressed his thoughts on the $4.3 billion fine settlement between Binance and the U.S....

TL;DR SEC Sues Kraken: The SEC has initiated a lawsuit against Kraken for operating without proper securities registration. Shift in SEC’s Strategy: Noticing a change, legal expert Mike Selig suggests the SEC is now using multiple district courts for crypto case evaluations, possibly due to concerns over losing cases like its ongoing battle with Ripple. XRP Not Targeted: In its recent actions, the SEC didn’t label Ripple’s XRP as a security. Here is Why the SEC Changed Its...