Kraken
Kraken Facing SEC Scrutiny Is 'Not a Condemnation of Staking At Large': Former SEC Attorney
Crypto exchange Kraken will end its U.S. crypto-staking service and pay a $30 million fine to settle with the U.S. Securities and Exchange Commission (SEC). Former SEC Attorney and Ketsal partner Zachary Fallon weighs in on the developments, noting this is not a condemnation of staking at large, where users can validate transitions on a proof-of-work chain.
Kraken Ending Its Crypto Staking Services for US Customers, Former SEC Attorney Weighs In
Kraken is shuttering its crypto staking-as-a-service platform for U.S. customers and will pay $30 million to settle SEC charges it offered unregistered securities. In a blog post, Kraken said it would automatically unstake any assets staked by U.S. clients except for staked ether, which won't be unstaked until after the Ethereum Network's Shanghai upgrade takes effect. Ketsal partner and former SEC Attorney Zachary Fallon discusses what this could mean for the future of SEC enforcement actions over the crypto industry.
Kraken to End US Crypto Staking Service, Pay $30M Fine in SEC Settlement
Crypto exchange Kraken will "immediately" end its crypto staking-as-a-service platform for U.S. customers and pay $30 million to settle Securities and Exchange Commission (SEC) charges it offered unregistered securities, the U.S. agency announced Thursday. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the details and the wider implications for crypto regulation.
Kraken Agreed to Shutter Crypto-Staking Operations To Settle SEC Charges: Source; Sam Bankman-Fried Developments
Kraken has agreed to shut its cryptocurrency-staking operations to settle charges with the U.S. Securities and Exchange Commission (SEC), according to an industry source briefed on the matter. Plus, at a hearing in New York on Thursday, Judge Lewis Kaplan indicated that he was concerned about Sam Bankman-Fried’s ability to hide or delete his communications.
Kraken's Head of Strategy on Crypto Winter Outlook
Recently, Kraken closed its Abu Dhabi office less than a year after securing a license in the region. This comes after the crypto exchange announced a wave of layoffs last year. Kraken's Head of Strategy Tomas Perfumo addresses reorganization, saying it was "independent of any any of event like FTX [but] born out of the notion we're trying to focus."
Kraken's Head of Strategy on Crypto Winter, FTX Fallout
Kraken Head of Strategy Thomas Perfumo discusses what's next for the exchange following a year of crypto price collapses and a wave of industry bankruptcies. Perfumo also discusses the decision to close Kraken's Abu Dhabi office and the lingering crypto contagion concerns in the wake of FTX's collapse.
Crypto Exchange Kraken to Exit Japan at End of January
Cryptocurrency exchange Kraken said it will exit Japan and de-register from the Financial Services Agency (JFSA) as of January 31. Umee Founder and CEO Brent Xu discusses Kraken's decision following its recent 30% layoff of its global workforce.
Binance Chief Strategy Officer on Proof of Reserves System
Reacting to Kraken's Jesse Powell tweeting about Binance's proof of reserves system, Binance Chief Strategy Officer Patrick Hillman discusses the crypto exchange's bitcoin reserves. "In the end, the marketplace is going to mandate this ... we're going to do what's required of us."
