Everything web3, crypto, defi, degen
Now more than ever, Kraken remains deeply committed to Canada. But our commitment to the Great White North isn’t just hype. It’s a relationship that stretches back to the earliest days of Bitcoin itself. The early years Kraken’s Canada story begins in 2011 – the year CaVirtEx, an early Canadian crypto trading platform based in…
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…
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…
New CCO brings three decades of financial services experience SAN FRANCISCO – Jan. 24, 2023 – Kraken, one of the world’s largest and most-trusted crypto platforms, today announced the appointment of CJ Rinaldi as Chief Compliance Officer. CJ’s decades of experience, both in traditional and decentralized finance, will further strengthen Kraken’s compliance program amid a…
If you’ve ever tried to explain cryptocurrency to your relatives, you might have found it can be as difficult as trying to teach rocket science to a toddler. Most folks react with skepticism, ridicule or scorn when you try to explain the utility of decentralized digital currencies that have limited supplies and aren’t controlled by…
Over the last year, our engineering team has been working tirelessly to deliver a brand new, more powerful trading experience that is designed to meet the rapidly evolving needs of our clients. Whether you are an advanced professional trader or even just finding your way in crypto, we have created something special that we hope…
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…
Over the last decade, countless critics have pointed the finger at Bitcoin as being nothing more than an intelligently-orchestrated Ponzi scheme. Detractors like Brazilian computer scientist Jorge Stolfi argue that the leading decentralized cryptocurrency bears all the hallmarks of a scam named after Italian swindler Charles Ponzi. The question whether or not cryptocurrency in general…
As the crypto industry rallies around the transparency of Proof of Reserves (PoR) audits, Kraken is encouraged to see a greater focus be placed on proof, rather than promises. However, as others rush to catch up, we have observed attempts by other platforms and exchanges to pass off diluted and misleading methodologies as a Proof…
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…
