Kraken

The late Charlie Munger, esteemed vice chairman of Berkshire Hathaway Inc., had a history of expressing strong opinions against cryptocurrencies, particularly Bitcoin. His views were notable for their intensity and the sharpness with which he delivered them. At Berkshire Hathaway's 2018 annual...

Mark Cuban loves cryptocurrency so much that he continued to advocate for it as an alternative investment after someone hacked his digital wallet for nearly $1 million. The multibillionaire owner of the NBA's Dallas Mavericks is famous for his "no risk-it, no biscuit" business philosophy, and his...

Ark Investment Management, led by well-known investor Cathie Wood, sold more than 700,000 shares of Grayscale Bitcoin Trust (GBTC) last month. The holdings equate to more than $21 million and were offloaded under Ark's Next Generation Internet exchange-traded fund (ETF) (ARKW). This is a...

FTX Trading Ltd. and Alameda Research seem to be unable to stay out of the headlines. After their collapse in late 2022, the firms have experienced an almost unbelievable roller coaster of events. Even more surprising is the fact that the firms continue to operate.  Despite the arrest and...

According to a report from OpenSecrets, as of the end of Q3, spending on lobbying by cryptocurrency companies reached $18.96 million, surpassing the $16.1 million spent in the same period last year. This trend indicates that the sector is on track to set a new record for lobbying expenditures in...

Former FTX Trading Ltd. CEO Sam Bankman-Fried (SBF) is using mackerel to participate in the jail economy, according to a Nov. 23 Wall Street Journal article. SBF also is giving tips on crypto to the other high-profile inmates he's housed with. SBF was arrested in early 2023 on money laundering and...

SoFi Technologies Inc. customers will have two options to choose from as the company plans to shut down its crypto services by Dec. 19.  The default option is to liquidate and close your account. Customers who select this option will have all of their crypto assets sold and transferred into...

Grayscale recently met with the Securities and Exchange Commission (SEC) to discuss its application for a spot Bitcoin exchange-traded fund (ETF). As the date for a decision on the application draws closer, many are beginning to wonder what will happen if spot Bitcoin ETFs are allowed. Because Jan...

Senator Cynthia Lummis (R-Wyo.), on Tuesday, criticized the Securities and Exchange Commission for its current approach to crypto regulation, arguing that the agency often resorts to “ruling by enforcement”. What Happened: Lummis expressed her disapproval on X, formerly Twitter,...

Major cryptocurrencies traded in a mixed manner on Monday evening, as there is an ongoing concern about the future of the world’s largest crypto exchange Binance. Cryptocurrency Gains +/- Price (Recorded 9:30 p.m. EST) Bitcoin (CRYPTO: BTC) +0.86% $37,588 Ethereum (CRYPTO: ETH) +1.31...

Kraken is embroiled in a legal battle with the Securities and Exchange Commission (SEC) over allegations of illegal activities and inappropriate management of customer funds. What Happened: The SEC raised accusations against the San Francisco-based firm on Monday, alleging violation of federal...

Crypto analyst Fiery Trading has an exceptionally bullish forecast for the price of Cardano (CRYPTO: ADA), suggesting a 9,990% surge to $35.  What Happened: Fiery Trading bases this projection on the assertion that ADA has surpassed its lowest value and is now steadily climbing, noting a...

Cardano founder Charles Hoskinson has expressed interest in a possible collaboration with Kraken to create a Layer-2 network. On Sunday, he took to his X (previously Twitter) handle to tag the Kraken co-founder Jesse Powell stating, “I'm game if you are…” What Happened: ...

Kraken announced a new managing director for its U.K. business as the crypto exchange looks to strengthen its foothold in its largest market. The exchange has also revealed that user information will be shared with the IRS in the next month after it receives a court order to do so. Industry...

After capturing a strong position in European crypto markets recently, Kraken is now awaiting approvals for stock and ETF trading in the U.S. and U.K. markets. What Happened? Kraken announced its plans to offer trading in U.S.-listed stocks and ETFs starting in 2024, the first time...