Kraken

CFTC levies $1.25 million penalty against Kraken — and Commissioner Stump weighs in on settlement

CFTC levies $1.25 million penalty against Kraken — and Commissioner Stump weighs in on settlement

The Commodities Futures Trading Commission (CFTC) has filed and settled charges against Kraken for failing to register as a futures commission merchant and offering margin transactions in crypto.  Kraken will pay a $1.25 million civil monetary penalty and refrain from further violations, according to a statement from the CFTC. The agency claims the crypto exchange …

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IRS wins court approval to serve Kraken with a request for customer information

IRS wins court approval to serve Kraken with a request for customer information

After a denial last month, a federal court in the Northern District of California has authorized the Internal Revenue Service (IRS) to serve an information request to Kraken. The IRS will serve the crypto exchange with a John Doe summons, which requests user information to identify crypto holding taxpayers. The Department of Justice announced the …

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Kraken Company Intelligence Report

Kraken Company Intelligence Report

This report is for Research Members Join The Block Research for exclusive research like this Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem. …

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Kraken to run its own Chainlink node to provide price data to DeFi apps

Kraken to run its own Chainlink node to provide price data to DeFi apps

Crypto exchange Kraken announced Monday that it will run its own Chainlink node to provide spot price data to decentralized finance (DeFi) applications and others. “Running our own Chainlink node will not only provide us with a mechanism to broadcast our Oracle Rates on any blockchain, but we can leverage Chainlink’s built-in cryptographic signing capabilities …

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Kraken releases new security updates to combat phishing attacks

Kraken releases new security updates to combat phishing attacks

Crypto exchange Kraken’s Chief Security Officer, Nick Percoco, announced the release of four new security enhancements, on the Kraken platform that will be made available to all the exchange’s customers from today. Percoco further detailed the security updates in four different features named: Security Shield, Security Checkup, Device Approvals, and Device Management, with each step …

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Kraken Shows How Crypto Companies and Banks Are Evolving Together

Kraken Shows How Crypto Companies and Banks Are Evolving Together

Some say that meaningful change happens gradually. Others insist it erupts unexpectedly. This week, we saw that both are true.  Earlier this week, the Wyoming Banking Board voted to approve the application from San Francisco-based crypto exchange Kraken for a Special Purpose Depositary Institution (SPDI) banking charter. Yes, one of the crypto industry’s oldest exchanges …

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Crypto exchange Kraken wants to hire an Ethereum evangelist

Crypto exchange Kraken wants to hire an Ethereum evangelist

Cryptocurrency exchange Kraken is seeking an Ethereum specialist to serve as the face of the firm’s endeavors in the ecosystem. According to a job posting, the Lead Ethereum Strategist position would have internal and external responsibilities related to the second-largest cryptocurrency. Externally, the person would be tasked with appearing in media interviews and serving as …

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Crypto exchange Kraken taps Marco Santori as chief legal officer

Crypto exchange Kraken taps Marco Santori as chief legal officer

Kraken, the cryptocurrency exchange company, has hired veteran industry lawyer Marco Santori as its chief legal officer. The exchange firm said Monday that Santori “will use his experience with regulators, banks, payment service providers, broker-dealers, and several other key industry players to drive the next phase of Kraken’s growth.”  Santori previously served as Blockchain.com’s president and …

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