Tag Archives: kraken

The SEC crackdown on crypto firms has intensified significantly since the bear market of last year incited by several collapses and bankruptcy filings of crypto exchanges. The United States Securities and Exchange Commission (SEC) has tagged Filecoin (FIL) as an unregistered security. As a result, the regulator expects Grayscale Investments its application for Filecoin Trust. According to an update given by Grayscale about the status of the Trust’s registration in a statement on Form 10, a...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Gary Gensler – the head of the Securities and Exchange Commission (SEC) – is asking Congress to grant the agency even more funding so he and his fellow agents can continue their investigations into the crypto arena. Gary Gensler and the SEC Want More Money In a recent conference, Gensler described the crypto...

Coinbase just can’t seem to catch a break. Not long ago, the company was the subject of a lawsuit that’s now being examined by the U.S. Supreme Court, and the trading platform is also the receiver of a Wells notice sent by the Securities and Exchange Commission (SEC), proving once again that the agency has just become a complete bully to all digital currency firms. Will the SEC Go After Coinbase? To be clear, Coinbase has not been charged with anything at the time of...

The news comes as crypto companies are looking outside the United States and China for regulatory clarity. Cryptocurrency exchange Kraken has received regulatory approval to operate in Ireland. The company successfully registered its Irish subsidiary Payward Europe Solutions Limited with the Central Bank of Ireland as a virtual asset service provider (VASP) on April 18. The VASP license allows the crypto exchange to legally operate in the country. 📣 We’re pleased to announce that Kraken...

It is becoming a trend that the SEC is choosing enforcement actions over dialogue. The United States-based digital currency trading platform Bittrex is likely the next exchange to face enforcement actions from the Securities and Exchange Commission (SEC). According to a report by the Wall Street Journal, the trading platform has received a Wells Notice from the regulator for key aspects of its operations within the country. According to the notice which is typically issued before...

With the long-awaited Shapella upgrade just around the corner, crypto exchange Kraken is preparing to withdraw all staked ETH on behalf of its clients as soon as possible after the update rolls out.  The event will bring Kraken’s staking as a service product to a complete close, after being forced by regulators into shuttering the program in February.  Kraken Withdraws its Stake In a Twitter response on Wednesday, Kraken’s support team confirmed that the platform’s locked ETH...

Earlier today, we published an article talking about a lawsuit between Alameda Research and Grayscale. The former is suing the latter and claims it’s holding roughly $9 billion in investment funds that can (and should) be going to its many customers. Grayscale Is Going After the SEC As it turns out, Grayscale is involved in a whole separate lawsuit against the Securities and Exchange Commission (SEC). Not long ago, the agency turned down the company’s application for a...

Starting this weekend, the Kraken logo will be exposed to millions of users thanks to the exchange’s partnership with the famous Formula 1 racing team, Williams Racing. On March 28th, Kraken, one of the largest cryptocurrency exchanges worldwide, announced the signing of a sponsorship agreement with Williams Racing, considered one of the four top Formula 1 teams, alongside Ferrari, McLaren, and Mercedes. According to Kraken’s statement, this is the exchange’s first...

In recent days, there has been a lot of fear centering around the Securities and Exchange Commission (SEC). The agency is clearly motivated to try and bring crypto down for good, though according to Jake Chervinsky – the chief policy officer of the Blockchain Association – traders and investors shouldn’t worry too much as at the end of the day, it’s not the SEC that makes general rules and regulations regarding crypto, but Congress. The SEC Doesn’t Have That Much Power...

Is an all-out crypto war coming? That’s the sentiment of many analysts now that the Securities and Exchange Commission (SEC) has sworn to sue Paxos, the issuer of stable coin BUSD. The agency says that the firm has been selling the asset as an unregistered security. The SEC Clearly Hates Crypto Under normal circumstances, this wouldn’t be any big deal. After all, it’s not like the SEC has had a great attitude towards crypto in the past, though it seems to be making a lot...