Kraken Faces Withdrawals, Deposits Delay
Crypto exchange Kraken disclosed that it was investigating a problem with some crypto funding gateways, including Bitcoin, Ether, and ERC-20, which caused operational delays to withdrawals and deposits. The status page of Kraken on June 6 stated, “Deposits and withdrawals are currently delayed. We will provide any new information as quickly as possible.” The initial […]
Kraken to suspend ACH withdrawals and deposits
Kraken cryptocurrency exchange is experiencing issues with the automated clearing house (ACH) withdrawal and deposit channel via Silvergate and in this regard looking to suspend transactions involving ACH. Kraken apparently informed its users on March 27 that it will no longer accept ACH deposits and withdrawals. According to various online accounts from purported Kraken users, […]
Kraken Plans To Launch Its Own Bank
The staggered rollout of its Bank service in 2022 was already indicated on the website of the cryptocurrency exchange Kraken. Despite a challenging regulatory environment and several charges of breaking securities laws by the US Securities and Exchange Commission, Kraken is still committed to launching its bank. The launch is proceeding as planned, according to […]
Kraken reportedly faces probe over possible securities violations
According to reports, the United States Securities and Exchange Commission is apparently looking into certain securities offerings sold by cryptocurrency exchange Kraken if they broke any regulations. The investigation pertains to specific services that Kraken has made to customers in the United States, according to a Feb. 8 Bloomberg article. According to a source with […]
Kraken cuts 30% of staff to ‘weather crypto winter’
The cryptocurrency exchange Kraken said it was getting rid of 1,100 jobs or 30% of its staff. Former CEO and co-founder Jesse Powell, who left his job in September, made the announcement. Kraken is the latest cryptocurrency company to lay off a lot of people. In a blog post, co-founder and former CEO of Kraken, […]