By CCN: Kraken is not pleased with the way Canadian regulators propose to go about governing crypto trading platforms. In a sternly written paper to the Canadian Securities Administrators and the Investment Industry Regulatory Organization of Canada, the crypto exchange explained its gripes. The two regulatory bodies have proposed a security law framework that all exchanges would have to abide by...
By CCN: ‘Reported volume’ is the default metric that people look for when determining the ranks of crypto exchanges. ‘Reported’ and ‘adjusted’ volumes wildly differ on sites like CoinMarketCap.com. For example, if you look at the image below, you’ll notice a wild difference in “reported” and “adjusted” volumes at press time. Ranking Exchanges Beyond Their "Volume" ViewBase, a “market insights and...
By CCN: Both Kraken and Bitmain have asked a federal court in Florida to dismiss a lawsuit against them brought by UnitedCorp, the news of which CCN broke back in December. The UnitedCorp lawsuit, broadly speaking, accuses Bitmain, Kraken, and others in concert with Roger Ver of conspiring to manipulate the Bitcoin Cash price and deviate from network consensus by “winning” the hash war. Were...
By CCN: Vitalik Buterin is known first and foremost as the creator of Ethereum, but he's also famous for his disdain of centralized exchanges. After previously wishing that centralized exchanges would all "burn in hell", now Buterin is coming to their defense. In an exposition reminding the crypto community about the pillars of the First Amendment to the U.S. Constitution, Buterin tackles one of...
By CCN: Add Jesse Powell to the chorus of crypto exchange CEOS who are done with Craig Wright's games. San Francisco-based crypto exchange Kraken has announced that it will be delisting Bitcoin SV (BSV), following in the trend-setting footsteps of Binance and later ShapeShift. Kraken has been engaging with its community about it ever since Binance CEO Changpeng "CZ" Zhao got the ball rolling...
Kraken has repeatedly said that it has no operations in New York but a lawsuit by an ex-employee has disputed this putting the bitcoin exchange at risk of facing the wrath of financial regulators in the Big Apple. According to Bloomberg, Kraken’s ex-trading desk manager, Jonathan Silverman, is suing the cryptocurrency exchange for over $0.9 million. He is consequently seeking compensation for...
The cryptocurrency revolution is here, and traditional banks are terrified. JP Morgan is the perfect example. First, the bank's boss Jamie Dimon labelled bitcoin a “fraud” and promised to fire any employees caught trading crypto. Now, the bank is blacklisting cryptocurrency startups and refusing to open checking accounts. Per a Bloomberg report, JP Morgan still refuses to bank cryptocurrency...
Zerononcense, a cryptocurrency blog run by editor James Edwards, claimed that it found the trails of the missing $90 million worth of crypto from the now-defunct exchange QuadrigaCX.
The detailed report curated by Edwards discovered the transfer of 649,708 Ethereum from the wallets of QuadrigaCX to cryptocurrency exchanges including Poloniex, Bitfinex, and Kraken.