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Happy Genesis Block Day!

On January 3, 2009, the anonymous creator of bitcoin, Satoshi Nakamoto, launched the Genesis Block – the first block in the Bitcoin Blockchain. The event at the time wasn’t celebrated – it was arguably considered a blip in the long history of cryptography and digital currency – but today we know the Genesis Block was…

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Kraken’s 2022 year in review

There has never been a dull moment in crypto, and this year was no exception.  In 2022, Kraken celebrated 11 years of our mission to accelerate the adoption of cryptocurrency so that you and the rest of the world can achieve financial freedom and inclusion. It’s been quite a ride. Our singular focus on this…

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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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What is Proof of Reserves? A Beginner’s Guide

In light of recent events in the crypto industry, it’s becoming increasingly important for Kraken clients and industry participants to understand the significance of Proof of Reserves (PoR) at Kraken.  This technique, one that is only possible in the new world of cryptocurrency, is a way for Kraken clients to verify whether or not their…

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Build your crypto portfolio with recurring buys

November 23, 2022 | News Keep calm and HODL on… because recurring buys are now available on the Kraken app! This new feature lets you schedule your crypto purchases quickly and easily, which saves you time and can help ease the stress of timing the market. Recurring buys also make dollar-cost averaging a snap, so…