Everything web3, crypto, defi, degen
In brief XRP is now 91st largest asset in the world, with a larger market capitalization than PepsiCo, BlackRock, and Uber. It comes after the cryptocurrency set a new all-time high for the first time in seven years. The asset needs to rise just 5% to surpass fast food giant McDonald’s. XRP is now larger…
In brief A man has been indicted in an alleged cross-border fraud scheme. Authorities traced and seized $7.1 million in crypto, with assets moving through U.S. banks, offshore accounts, and at least 19 wallets. DOJ officials say blockchain tracing helped recover funds and identify connections to exchanges abroad. A Washington State man has been indicted…
In brief Ethereum has significantly outpaced Bitcoin in recent months, with a 67% gain against Bitcoin’s 18% in the last month alone. The gap between Ethereum and Bitcoin ETF inflows is converging, dropping from 45 times to just 1.6 in the past four months. Analysts anticipate Ethereum soaring past $8,000, driven by institutional adoption, regulatory…
In brief SEC staff greenlit Bitwise’s ETF on Tuesday, but it was immediately paused under a discretionary review rule. Grayscale’s GDLC faced the same setback earlier this month. It then responded with a legal warning. ETF Institute co-founder Nate Geraci called it a “bizarre situation” as procedural uncertainty clouds ETF conversions. The SEC halted another…
We are pleased to announce an investment from Money Partners Group, one of Japan’s leading foreign exchange brokerages, in the Kraken Series B round of financing. Tokyo-based Money Partners Group is listed on the 1st Section of the Tokyo Stock Exchange and holds a current market cap of over ¥29 billion, or over $260 million…
Today global bitcoin exchange Kraken announced a multi-million dollaragreement with SBI Investment, one of Japan’s leading and most respectedventure capital firms, to invest in and lead the Series B round offinancing in Kraken. SBI Investment is the venture capital arm of SBIHoldings, the world’s first Internet-based financial conglomerate. Theterms of the deal were not disclosed.…
Acquiring Coinsetter and Cavirtex We are pleased to announce that we are acquiring major exchanges Coinsetter and Cavirtex. NYC-based Coinsetter, founded in 2012, is one of America’s most prominent national bitcoin exchanges, and Cavirtex, founded in 2011, is Canada’s first bitcoin exchange with the highest historical trading volume. These two acquisitions set the stage for…
Here’s a look back at major Kraken milestones from the past year (since our launch in September 2013).* It’s been a very busy year and we are pleased to see that our achievements reflect our commitment to providing clients with the best possible exchange experience. January 14, 2015 – Volume Reaches New All-Time Daily High…
March 26, 2014 | News Kraken announced today that it raised 5 million dollars in its series A investment round. The round is led by Hummingbird Ventures. Other investors include Trace Mayer and Barry Silbert. Kraken CEO Jesse Powell said that the investment capital will be used to strengthen Kraken’s position in the digital currency…
