Everything web3, crypto, defi, degen
The end of the tax year is fast approaching, and the clock is ticking for crypto holders to report their transactions to the Internal Revenue Service (IRS). In a bid to clamp down on crypto tax evasion, the IRS modified its terminology this year from “virtual currency” to “digital assets.” The new change encompasses all…
There was once a time when displaying an image of your real face on social media was standard practice. A holiday photo, a mugshot, a pic of you and your pug; these were all commonplace ways of showcasing yourself to the world. But that time has passed, and a new era of social signaling has…
Humanity has long relied on physical currency as a medium for representing and transferring value. Some of the earliest examples of coinage date back many thousands of years. The Mesopotamian shekel is widely believed to be the oldest coin. Western Asian tribes first minted the shekel – meaning “weight” – 5,000 years ago. This example…
For the uninitiated or crypto-curious people out there, non-fungible tokens (NFTs) represent one of the more colorful sectors of the cryptocurrency industry. How is it that duplicable, oftentimes wacky pieces of digital artwork can fetch extraordinarily high prices, and why are people flocking to buy these intangible items? It’s certainly a difficult topic to get your head…
Life is full of tradeoffs. Oftentimes, we can only maximize one outcome by sacrificing another. Sometimes these tradeoffs are not exactly 1:1 tradeoffs but are part of a more complex relationship. What are some examples of a trilemma? Realtors might say: a big house, great location, affordable price – pick two Chefs might say: big…
Before you dive in, check out the first post in our Kraken NFT Behind the Build Series, The NFT Frontier and our second post, Kraken NFT’s Behind the Build: Global Ingenuity. NFTs go far beyond mere JPEGs. Kraken NFT is helping to establish the foundations of what’s to come for DeFi and the crypto space. This vision for…
In 2008, an anonymous researcher (or team of researchers) called Satoshi Nakamoto published a nine-page research paper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System.” The document, known as the Bitcoin white paper, presented a new type of digital currency that users could use to transact without relying on financial intermediaries. Soon, people around the world discovered that blockchain…
Before you dive in, check out the first post in our Kraken NFT Behind the Build Series, The NFT Frontier. Sometimes we reference pseudonyms to keep our Krakenites anonymous to avoid the security risks associated with building and maintaining a crypto exchange. In September 2021, Kraken NFT received the green light to build a new…
Guy Hirsch is Kraken’s new Managing Director for North America and he joined the Kraken team this month after building crypto businesses at Samsung and eToro. He’s an experienced operator in the crypto space and has some forward-looking ideas about the future of the industry. Hirsch will oversee Kraken’s businesses across North America and will…
When it comes to cryptoasset security, self-custody is unquestionably the safest way to protect your digital wealth. Self-custody simply refers to storing and securing cryptoassets by yourself, rather than relying on a third-party to do it for you. One of the most effective ways to protect your private keys and your cryptoassets is to transfer…
