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Busting Crypto Myths: “Bitcoin is Destroying the Environment”

Bitcoin’s appetite for energy needs little discussion. For years it’s been a top-of-mind topic for regulators, a major concern among critics, and a frequently misreported feature of the protocol. The specific point of contention lies with bitcoin mining — a resource-intensive, cryptography-based competition that repeats approximately every ten minutes. Each winner is rewarded with transaction…

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Bitcoin Taproot address now supported on Kraken

December 19, 2022 | News, Product We’re thrilled to announce that Kraken now supports withdrawals to Taproot (Bech32m) Bitcoin addresses! Taproot is an upgrade to the Bitcoin protocol that aims to improve the privacy and efficiency of the world’s first and largest cryptocurrency.  Taproot included three proposals — Schnorr, Taproot, and Tapscript — which delivered…

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Busting Crypto Myths: “Bitcoin is a Ponzi Scheme”

Over the last decade, countless critics have pointed the finger at Bitcoin as being nothing more than an intelligently-orchestrated Ponzi scheme. Detractors like Brazilian computer scientist Jorge Stolfi argue that the leading decentralized cryptocurrency bears all the hallmarks of a scam named after Italian swindler Charles Ponzi. The question whether or not cryptocurrency in general…

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New NFT Collections added to Kraken NFT

We’re thrilled to announce that we have added ten new NFT collections to Kraken NFT for our current beta testers to explore, collect and trade. After revealing the first 70 collections earlier this year, we carefully selected these new collections so you can continue to build the NFT collection of your dreams with zero gas…

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Self-custody best practices

Self-custody in crypto is the process of storing your own cryptocurrency using a digital or physical wallet, thereby removing it completely from any exchange or custodial partner. A self-custody wallet, also known as a non-custodial wallet, ensures that you and only you have access to your cryptocurrency. Self-custody also means you are responsible for your…