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Busting Crypto Myths: “Bitcoin is Destroying the Environment”

Bitcoin’s appetite for energy needs little discussion. For years it’s been a top-of-mind topic for regulators, a major concern among critics, and a frequently misreported feature of the protocol. The specific point of contention lies with bitcoin mining — a resource-intensive, cryptography-based competition that repeats approximately every ten minutes. Each winner is rewarded with transaction…

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Self-custody best practices

Self-custody in crypto is the process of storing your own cryptocurrency using a digital or physical wallet, thereby removing it completely from any exchange or custodial partner. A self-custody wallet, also known as a non-custodial wallet, ensures that you and only you have access to your cryptocurrency. Self-custody also means you are responsible for your…

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What is Proof of Reserves? A Beginner’s Guide

In light of recent events in the crypto industry, it’s becoming increasingly important for Kraken clients and industry participants to understand the significance of Proof of Reserves (PoR) at Kraken.  This technique, one that is only possible in the new world of cryptocurrency, is a way for Kraken clients to verify whether or not their…

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Kraken celebrates excellence in cybersecurity with a new accreditation

World-class security and protection for our clients have been at the heart of Kraken’s mission since our inception 11 years ago. With the motto security above everything, Kraken has earned trust among crypto investors with one uncompromising priority: the safeguarding of client funds. Eleven years on, we’re proud to announce that our over-the-counter (OTC) and…

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Kraken NFT is now live for beta testers

We’re thrilled to announce that Kraken NFT is now live for a select group of beta testers.  After waiting patiently for the chance to experience the marketplace, Kraken NFT Beta testers will have exclusive access to explore, trade and secure NFTs from the most popular artists and projects — all while paying zero gas fees.*…

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PoW vs. PoS: Securing the Chain

At the heart of every blockchain is a set of programmatic rules which define how a global network of participants validate transactions and maintain consensus regarding the state of the network. One of the most crucial components of these rules is the blockchain’s Sybil resistance mechanism, which protects the network against spam nodes, 51% attacks…