Kraken Removes Major Stablecoins from EU Platform to Comply with MiCA Regulations
Cryptocurrency exchange Kraken announces removal of five stablecoins, including USDT, from its European platform by March 2024 to comply with EU's MiCA regulations. The move reflects broader industry adjustments as major exchanges adapt operations to meet new regulatory requirements.
Ross Ulbricht's Hidden Bitcoin Fortune: Over 400 BTC Discovered in Untouched Wallets
On-chain researcher Conor Grogan has identified 430 BTC worth $44 million in wallets linked to recently pardoned Silk Road founder Ross Ulbricht. While the discovery suggests a potential windfall, questions remain about Ulbricht's ability to access these long-dormant funds after his 13-year imprisonment.
Kraken's Donation to Ross Ulbricht Coincides with Discovery of $47M Bitcoin Fortune
Cryptocurrency exchange Kraken donates $111,111 in Bitcoin to support pardoned Silk Road founder Ross Ulbricht. The donation comes as dormant wallets containing 430 BTC worth $47M, potentially linked to Ulbricht, spark intrigue in the crypto community.
Deribit Exchange Draws $5 Billion Valuation Interest Amid Crypto M&A Surge
Leading crypto options platform Deribit attracts potential buyers with valuations up to $5 billion, enlisting FT Partners to evaluate opportunities. The platform's success reflects broader industry momentum, with crypto M&A deals reaching $1.2 billion in Q4 2024.
Kraken Leads FTX Recovery Effort with First Wave of Creditor Payouts
Cryptocurrency exchange Kraken has begun distributing funds to FTX creditors, marking the first major step toward compensating users affected by the 2022 collapse. The structured payout process includes incentives for affected users, though timelines vary based on claim size.
Australian Court Fines Kraken's Local Operator $8M for Unlicensed Credit Services
Bit Trade, operating Kraken crypto exchange in Australia, faces an $8M penalty for offering margin trading without proper regulatory compliance. The landmark case clarifies the regulatory treatment of cryptocurrency lending services and highlights increasing oversight of digital asset businesses.
Emotions Over Logic: Kraken Study Shows FOMO and FUD Dominate Crypto Trading
A recent Kraken survey reveals that over 80% of cryptocurrency investors make trading decisions based on emotional factors like FOMO and FUD rather than rational analysis. The study highlights how social media amplifies impulsive trading while showing demographic differences in emotional trading patterns.
Ethereum Co-founder Offloads $72M in ETH Amid Market Rally
Jeffrey Wilcke, an Ethereum co-founder, transferred 20,000 ETH worth $72M to Kraken exchange, continuing his years-long liquidation pattern. Despite selling over 356,000 ETH since 2016, Wilcke still holds approximately $382M worth of ETH as the cryptocurrency approaches $3,700.