News

Meet Kraken’s new Chief Technology Officer, Vishnu Patankar

Kraken, one of the world’s longest standing and most trusted crypto platforms, today announced the appointment of Vishnu Patankar as Chief Technology Officer (CTO). Patankar brings over twenty years of technology expertise to Kraken and helped Fortune 500 companies like Microsoft, Amazon, Intel, and Groupon to scale products that impacted millions of clients worldwide.  At…

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Why buy an NFT? Collectibility

For centuries, people have collected things. Some of these things may be nostalgic items like ticket stubs or lucky coins. Others might be especially rare items, like classic cars or limited-edition vintage watches. In many ways, the things we collect become a reflection of who we are. Whether they are physical objects we hold in…

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Busting crypto myths: NFTs are only for the wealthy

Since the crypto market took off in 2021, many non-fungible tokens (NFTs) are now changing hands for dizzying sums of money. To date, the ten most expensive NFTs sold at auction have fetched between $7 million and $91.8 million. That’s higher than the average price of Claude Monet’s artwork ($80.5 million) and many other pieces…

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Why buy an NFT: Community membership

One of the most misunderstood aspects of non-fungible token (NFT) ownership has steadily turned into one of its biggest draws. While some are solely focused on the media the NFTs represent, others are exploring what it means to be the rightful owner of that piece of media. Within most NFT collections, there is a fixed…

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USDT deposits and withdrawals available via the Solana network!

March 16, 2023 | Asset Listings, Product We’re thrilled to announce that Kraken now supports deposits and withdrawals of Tether (USDT) via the Solana network! Solana is an open source blockchain platform and scaling solution for decentralized applications (dApps). The platform uses a novel consensus mechanism known as proof-of-history (PoH) to increase transaction throughput and…