CFTC orders Kraken to pay $1.25M as fine for alleged illegal offering
The US Commodity Futures Trading Commission has ordered Kraken exchange to pay more than $1 million in civil monetary penalties in connection with charges that the exchange violated the Commodity Exchange Act. The CFTC stated in a statement on Tuesday that Kraken, a cryptocurrency exchange based in the United States that operates under the name […]
Kraken chief lawyer says the SEC is open to discussion on anything crypto
“I can’t support that kind of approach with regulators. It’s never been successful historically, and from our experience, we’ve found the SEC to be open to discussion,” Kraken’s chief legal officer. In the midst of a tumultuous era for certain high-profile US crypto firms and financial regulators, Kraken’s chief legal officer (CLO) is urging caution […]
Kraken exchange plans to enter the European market
Kraken cryptocurrency exchange is planning to enter the European market, following in the footsteps of competitor exchange Coinbase. The exchange’s potential jurisdictions reportedly include countries like Malta, Luxembourg, and Ireland. Jesse Powell, co-founder and CEO of Kraken, stated that his company is actively working on obtaining a European license, with many local jurisdictions being targeted […]
Ledger Live incorporates ‘accessible’ Option for Ethereum staking
To help improve cost and inclusiveness in the market, Ledger has announced support for Ether staking through the use of Lido Finance. Ledger, a renowned cryptocurrency hardware wallet, recently announced a new relationship with Ethereum 2.0 staking service Lido Finance in a blog post, claiming that the new cooperation will increase accessibility and liquidity for […]
Man who minted 14M ICX tokens as a result of a bug can file lawsuit to keep them
A defect in an upgrade to the ICON blockchain that occurred in 2020 allowed a user to manufacture millions of ICX tokens on a regular basis. According to a California federal judge, a cryptocurrency enthusiast who took advantage of a defect in the ICON network to mint a substantial amount of the network’s native ICX […]