FBI Ends Investigation Into Kraken Co-Founder, Returns Seized Devices
The Federal Bureau of Investigation (FBI) has officially ended its investigation into Jesse Powell, the co-founder of cryptocurrency exchange Kraken. This move marks the conclusion of a case that had raised questions about Powell’s personal conduct, though it remained unrelated to his activities at Kraken itself. The investigation began over two years ago when authorities […]
Kraken Unveils Krak: A New Peer-to-Peer Payment App for Crypto and Fiat
Global cryptocurrency exchange Kraken has launched a brand-new peer-to-peer (P2P) payment platform called Krak, allowing users to send and receive both cryptocurrency and fiat money with ease. The app marks a significant step for Kraken as it moves beyond traditional crypto trading and into global financial services. Krak aims to provide users with a seamless […]
Kraken to Shutdown NFT Marketplace
Kraken cryptocurrency exchange will discontinue its non-fungible token (NFT) marketplace just over a year after its inception on Nov. 27. The NFT marketplace will transition to withdrawal-only mode on Nov. 27, as indicated in an email sent to clients. This transition will commence a three-month withdrawal period before the marketplace’s complete closure. Kraken stated that […]
US SEC Challenges Kraken Defences, Files Motion for Judgment
The US SEC has filed a motion for judgment against Kraken, with the objective of restricting the scope of discovery regarding crypto policy. The U.S. Securities and Exchange Commission (SEC) has submitted a motion for judgment in its lawsuit against Kraken , a cryptocurrency exchange. The motion emphasizes defenses such as the “major questions doctrine” […]
Kraken, Galaxy Digital, & Others Launch Global Dollar Network
Kraken and Galaxy Digital have co-pioneered the Global Dollar Network to strengthen USDG in an effort to promote more universal stablecoin products. Leading Web3 companies, including Kraken, Galaxy Digital, Robinhood, and Paxos, have jointly established the Global Dollar Network, aiming to expand the use of the US Dollar through innovative stablecoin applications. Kraken’s Role in […]