Everything web3, crypto, defi, degen
In brief North Korean hackers have used fake IT job offers to breach cloud systems and steal millions in crypto, Google and Wiz found. The TraderTraitor campaign has evolved since 2020 to target crypto firms with malware and AI-generated lures. The groups have stolen $1.6 billion in crypto this year and continue to scale their…
In brief Coinbase’s stock fell 17% on Friday, the day after the crypto exchange reported its second-quarter earnings. Analysts say the trading platform is poised to report stronger earnings numbers in subsequent financial quarters. Coinbase’s acquisitions and expansion beyond crypto-only services could lift its sagging stock. COIN plunged 17% on Friday, just a day after…
In brief Analysts’ Coinbase forecasts had called for $1.59 billion in total revenue. The crypto exchange giant has made multiple major acquisitions this year, including for options trading platform Deribit. The company’s stock price was down more than 6% in after-market trading. Coinbase clocked $1.5 billion in total revenue, a 25% drop from the previous financial quarter, as…
In brief Top Shot moments are now collectible via physical vending machines located in Japan. Packs are sold for about $6.70, with payments made via mobile devices after interacting with the machines. Users will not need any knowledge of crypto or blockchains to add to their collection. Basketball highlights from Dapper Labs’ NBA Top Shot…
In brief Solana co-founder Anatoly Yakovenko dismissed meme coins and NFTs as “digital slop,” in a discussion with Coinbase’s Jesse Pollak. Pollak defended platforms like Zora, calling content “incredibly valuable” and coins “the most powerful technology” for enabling value transfer to creators. Despite Yakovenko’s criticism, Solana remains deeply tied to meme coin activity, with launchpad…
In brief Three states have passed laws enabling Bitcoin reserves to date. Several efforts in other states have failed over concerns about volatility and public fund safety. Proposals are still pending in 17 more states as crypto advocates push for wider adoption. As random companies snap up Bitcoin and Donald Trump hails the creation of…
Calling all trading maestros! It’s time to showcase your Kraken Pro prowess in our Interface-off Challenge. Your trading desk is a command center, so show us your customized layout that would make Wall Street traders green with envy. Kraken Pro customization features enable you to create your personalized trading screen exactly as you like it.…
Financial fraud has been a part of transactional business since the dawn of transactional business. If you were unfortunate enough to have been on the other side of an insurance deal with Hegestratos, he would have had you insure the corn cargo on his ship – then removed the corn, sold the corn, sank the…
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…
As the crypto industry rallies around the transparency of Proof of Reserves (PoR) audits, Kraken is encouraged to see a greater focus be placed on proof, rather than promises. However, as others rush to catch up, we have observed attempts by other platforms and exchanges to pass off diluted and misleading methodologies as a Proof…
