Jesse Powell, the chief executive officer (CEO) and co-founder of major cryptocurrency exchange Kraken, will step down from his position after leading affairs at the company for more than a decade. This is yet another leadership change in crypto-related companies in the past several months. According to a press release on Wednesday (August 21, 2022),...Read More
BlackRock – the world’s largest asset manager – has partnered with Kraken’s subsidiary CF Benchmarks to assist with its newly established Bitcoin Trust. According to a report from The Block, BlackRock’s Bitcoin product will be benchmarked using CF Benchmark’s indexes. CF Benchmarks is a member of the Crypto Facilities Group, of which is part of...Read More
The shutdown of Tornado Cash by the US Treasury Department on August 8 has made Kraken CEO Josse Powell question the constitutionality of the decision. In an interview with Bloomberg TV on Tuesday, Powell doubted if the Treasury’s move will withstand judicial scrutiny. Tornado Cash allows users to conceal sources and destinations of funds by...Read More
Kraken – a popular US cryptocurrency exchange – is reportedly being investigated by the Treasury Department for allegedly servicing sanctioned Iranian users. The department is expected to levy a fine against the exchange. Would Kraken Break the Law? As reported by the New York Times, the investigation was revealed by five people affiliated with Kraken....Read More
Jesse Powell, founder and CEO of popular cryptocurrency exchange Kraken, recently commented on the company’s latest corporate culture document emphasizing the need for a “crypto-first culture.” Internal Debates on Kraken According to Powell, Kraken recently had some heated internal debates, and a small group of 20 employees out of the company’s 3,200 staff were not...Read More
Jesse Powell – CEO of Kraken – explained on Friday why his exchange decided to list Terra 2.0 despite the collapse of the original chain. Many in the crypto community showed skepticism of the move, given Terra’s loss of credibility over the past month. Listing Isn’t Endorsement When questioned about the listing, Powell explained that...Read More
The veteran US exchange is the latest to receive a license to function as a virtual asset trading platform in Abu Dhabi. Thus, Kraken follows a similar example set by other industry giants such as Binance and FTX. In an attempt to enhance the nation’s cryptocurrency engagement, the UAE has been among the leaders in...Read More
Kraken’s CEO decided to close the company’s headquarters in San Francisco after blaming the city for being incapable of ensuring public safety. San Francisco Is not Safe Jesse Powell, the CEO of Kraken, released a statement that the company has closed the headquarters office located in San Francisco “after numerous employees were attacked, harassed, and...Read More
The leading cryptocurrency exchange – Kraken – will give $1,000 in bitcoin to each Ukrainian citizen who opened an account on the platform before March 10th. The initiative is designed to help those in need after Russia launched its “special military operation” in the country. Kraken’s Support to Ukrainians The list of companies, trading venues,...Read More
The CEO of Kraken, Jesse Powell, has responded to Mykhalio Fedorov – the Vice Prime Minister of Ukraine, who asked cryptocurrency exchanges to downright ban Russian users from their platforms. As CryptoPotato reported yesterday, the Vice PM of Ukraine asked cryptocurrency exchanges to halt servicing Russian customers. The CEO of Kraken – one of the most popular...Read More
The Ontario Securities Commission (OSC) recently flagged Brian Armstrong and Jesse Powell – CEOs of Coinbase and Kraken respectively – for tweets surrounding Canada’s freedom convoy protests. Each has been accused of offering advice on how to evade national financial emergency restrictions through the use of self-custodial crypto wallets. Crypto CEOs Against Canada’s Government According...Read More
Leading cryptocurrency exchange Kraken announced on Thursday the results of a proof-of-reserve audit, showing that it holds over $19 billion worth of Ether (ETH) and Bitcoin (BTC). Almost $20 billion Stored on Kraken As per a blog post, the audit was conducted by Armanino LLP, a consulting and technology firm in the US. The results...Read More
The CEO and founder of the veteran US crypto exchange – Jesse Powell – explained that the company is currently developing an NFT marketplace. However, he said it will have new features, including allowing customers to use their digital collection as collateral to borrow funds against. Powell outlined the company’s plans in a recent interview...Read More
Kraken is stepping up its crypto game. After a successful year, the U.S. exchange decided to close 2021 with the acquisition of Staked, thus expanding its token staking capabilities and generally improving the quality of its services. Staked is a non-custodial crypto staking platform, which facilitates the secure storage of assets while providing attractive yield...Read More
The Bitcoin (BTC) market looks tepid as it heads towards the end of 2021. While CoinMarketCap’s early Christmas cheer turned out to be a glitch, the regulators wrestling to bring the $2.2 trillion market under government oversight has further delayed the chances of a potential relief rally. With only a fortnight left, Bitcoin predictions are...Read More
The crypto exchange Kraken does not want to lag behind in the race to dominate the global cryptocurrency market and is actively working on expanding beyond the United States. The first and also the most challenging destination is Europe. In an interview for the German news outlet Handelsblatt, Jesse Powell, CEO of Kraken, said that...Read More
The skyrocketing demand towards cryptocurrency assets has pushed the veteran US exchange Kraken to release a mobile application in the country. In another development coming from American exchanges, Coinbase integrated its debit card with Apple Pay and Google Pay. Kraken Mobile App Arrives in the US Founded almost a decade ago, Kraken is among the...Read More
A Californian court required Kraken to provide information on users who executed crypto deals for the equivalent of $20,000 or more between 2016 and 2020 to the IRS. The order comes amid growing concerns of strict cryptocurrency regulations coming for the United States. ‘John Doe Summons’ for Kraken A federal court in the northern part...Read More
The veteran US exchange Kraken has added Cardano (ADA) staking as of May 4th. This comes amid the growing interest in the cryptocurrency, the price of which has been on a roll since the start of the year. Staking in the cryptocurrency world requires the token holders to lock a certain amount of coins based...Read More
The exponential growth of bitcoin and the entire cryptocurrency sector has caught the attention of global regulators, noted Kraken’s CEO, Jesse Powell. Speaking to CNBC, the executive warned of potential crackdowns, especially after the threats coming from the US government. Regulatory Crackdowns on the Crypto Industry? The cryptocurrency industry has been on a roll since...Read More
Another major US-based cryptocurrency exchange is reportedly considering going public. Kraken revealed record-breaking Q1 numbers and is also planning an IPO – following in the footsteps of Coinbase. Coinbase is the first major US-based cryptocurrency exchange that will see its IPO later this month. As CryptoPotato reported, the company will have its shares listed on Nasdaq on...Read More
With bitcoin currently enjoying a near 70% YTD increase, bullish predictions see the asset topping into a six or even seven-digit territory in the following decade. These projections came recently from Kraken’s CEO, Jesse Powell, and the Managing Director of Magnetic, William Quigley. Bitcoin to $150K in the Next Year Founded in 2010, Magnetic is...Read More
The veteran US-based cryptocurrency exchange Kraken is reportedly in talks to raise more than $5 billion and double its valuation to over $10 billion. Some of the giant names potentially participating in the latest funding round include Fidelity, General Atlantic, and Tribe Capital. Kraken to Increase its Valuation to $10B? Based in San Francisco, California,...Read More
Crypto-exchanges faced technical issues once again today, as system traffic reached all-time highs. CZ, CEO of Binance, took to Twitter to address connectivity issues on the platform, stating that all funds are SAFU. Binance also faced up to two-minute delays for account/trade data when queried from the API. All time high on system traffic again....Read More
After another day that reminded of the volatility in the cryptocurrency market, Binance has experienced technical difficulties that resulted in temporarily halting withdrawals. Nevertheless, the leading exchange reassured its customers that all funds are safe and later announced it had resolved the problem. CryptoPotato reported earlier that BTC, as well as most alternative coins, skyrocketed...Read More
Dan Held is among the most popular and influential people within the cryptocurrency industry. Apart from being a vocal bitcoin supporter, he’s also the current Head of Growth of the veteran US exchange Kraken. A position that he described as: “leading our initiatives around efficiently acquiring users and getting them activated.” CryptoPotato had the opportunity...Read More
Chief Security Officer at cryptocurrency exchange Kraken, Nicholas J. Percoco alerted users today about a scam that was targeting crypto users, which involved a homograph phishing attack and “multiple” people who were pretending to be Kraken employees. Percoco further alleged that people named Liz Cohen, Darin Zumberi or Jing Kang were posing as Kraken employees and...Read More
The price of Bitcoin (BTC) on major exchanges has dropped by approximately 2.9 percent to $10,558.60 over the past 24 hours, as of press time —sparking widespread declines throughout the wider cryptocurrency market. Tokens relating to decentralized finance have seen particularly harsh declines of late, and BTC’s drop in valuation since a failure to push...Read More
The Wyoming Banking Board has voted to approve an application for a special purpose depository institution (SPDI) charter of Kraken. In essence, Kraken has officially become the very first cryptocurrency exchange to become a newly chartered bank in the US since 2006, according to a NASDAQ report. This means that the exchange will get access...Read More
Bitcoin and cryptocurrency exchange Kraken says that the drop in BTC’s volatility is not the end of the story. Historical observations suggest that after losing gains and remaining lifeless on the trading front, Bitcoin will galvanize into action soon, to end the year on an explosive note. Despite September Crash, Kraken Bitcoin Volatility Report Has...Read More
