Everything web3, crypto, defi, degen
In brief ASIC has accused Bitget of offering unlicensed crypto futures to Australians, lacking an AFS licence and bypassing investor protections. Bitget’s products offer up to 125x leverage, far above ASIC’s 2:1 limit, exposing users to major financial risks, ASIC said. Global regulators have issued similar warnings since 2022, with actions taken in Spain, Japan,…
In brief Four people in London were convicted for kidnapping a Belgian barber after he boasted online about a crypto fortune he didn’t actually have. The gang ambushed him with weapons, but after discovering his wallet held only $9, they extorted $2,700 from his bank instead. The case highlights rising “wrench attacks,” where criminals physically…
In brief Hungary’s updated criminal code imposes penalties up to 8 years in prison for unlicensed crypto exchange operators and up to 5 years for large-scale traders. The law targets illegal operations while allowing compliant exchanges to continue operating, though unclear implementation details have created market uncertainty. EU-licensed exchanges will be able to operate in…
The global crypto market capitalization has soared past $4 trillion for the first time, propelled by rising altcoin prices and an increasingly favorable regulatory landscape.On July 18, crypto data aggregator platform CoinGecko reported that the industry crossed the milestone during Asian trading hours. However, the total value had slightly dipped to $3.9 trillion as of…
ETH SURGES ON INFLOWS, HOUSE ADVANCES CRYPTO BILLS, BASE REVAMPETH nears $3,500 on huge ETF inflows. Sharplink stock hits $35, completes ATM program. US House advances crypto bills. Coinbase renames wallet Base, integrates Farcaster. Unclear if US has sold 80% of BTC reserves. Bill to allow crypto collateral for mortgage launched. BofA & Citigroup to…
We’re thrilled to announce that Kraken has secured a license under the European Union’s Markets in Crypto-Assets Regulation (MiCA) from the Central Bank of Ireland (CBI). This marks a pivotal milestone in our European expansion, unlocking the ability to scale faster across the region by offering regulated services and engaging directly with clients across all…
Earlier this week, Bybit announced their exit from France. We’re proud to be expanding in France and across Europe, fully committed to operating in compliance with regulatory requirements. As one of the longest-standing crypto exchanges, we’ve built a strong foundation in Europe, where we are a leader in euro trading volumes and continue to prioritize…
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.…
Today we announced the closing of the Coin Meester B.V. (BCM) acquisition, a key element in our European growth strategy. With the acquisition of BCM, one of the Netherlands’ oldest and most respected registered crypto brokers, we have significantly expanded our Dutch footprint and enhanced our business with a registered Virtual Asset Service Provider (VASP)…
In an effort to lead the industry in trust and transparency on our mission to accelerate the adoption of cryptocurrency, we are excited to release our 2022 Transparency Report. The 2022 Transparency Report provides a summary of how we protect our client privacy and financial freedom while complying with the legal requests we regularly receive from…
