Kraken, a leading cryptocurrency exchange, has recently launched kBTC, a wrapped Bitcoin product that aims to enhance the utility of Bitcoin across various decentralized networks. According to a statement released on October 17, kBTC is a fully-backed ERC-20 token representing Bitcoin where each kBTC is pegged 1:1 with actual Bitcoin stored in Kraken’s secure custody.
Exchanges
Kraken, a notable player in the cryptocurrency exchange arena, has made significant strides by integrating with EigenLayer, offering a new avenue for Ethereum enthusiasts to engage with the restaking mechanism directly through their platform. As of October 15, this partnership has positioned Kraken to streamline the restaking process, making it more user-friendly for a diverse
The recent events surrounding Tigran Gambaryan, a key executive at Binance, underscore the profound intricacies and challenges faced by individuals tied to the global cryptocurrency sector. Gambaryan’s ongoing legal battle in Nigeria has sparked concerns over both procedural justice and the treatment of detainees within the country. His extended detention since February, alongside the complexities
Arkham Intelligence is poised to disrupt the crypto derivatives landscape with plans for launching its own exchange next month, a move that is already stirring significant interest and investment within the industry. According to an October 11 report from Bloomberg, this development has resulted in a remarkable 12% surge in the platform’s native token, ARKM,
In a significant move that has captured the attention of the South Korean financial sector, the nation’s Financial Services Commission (FSC) is launching an investigation into Upbit, the country’s largest cryptocurrency trading platform. This probe, confirmed by FSC Chairman Kim Byung-hwan on October 10, aims to scrutinize Upbit’s overwhelming influence in the virtual asset market.
The 2016 Bitfinex hack stands as a pivotal moment in the history of cryptocurrency, marking not only a staggering loss of assets but also raising critical questions about security and accountability in digital finance. Recent filings by the U.S. government suggest that Bitfinex may be the only entity entitled to restitution related to this incident,
In the rapidly evolving landscape of cryptocurrencies, privacy tokens have faced unprecedented challenges this year, culminating in nearly 60 delistings from centralized exchanges, according to a comprehensive report by Kaiko. This striking figure is a stark reminder of the conflicts between regulatory compliance and the intrinsic values of privacy-focused crypto projects. Monero (XMR), Dash (DASH),
On October 7, the cryptocurrency community experienced a jarring moment as Bitget exchange’s native token, BGB, plummeted from $1.15 to just $0.5344 within a remarkably short window. This steep decline of approximately 56% unfolded in less than ten minutes, leaving traders in shock and raising many questions regarding the underlying causes. Such rapid price fluctuations
In a significant development for the cryptocurrency market, Gemini, a well-regarded crypto exchange, has made a formal announcement regarding its withdrawal from the Canadian market. The directive, communicated via email on September 30, 2023, informs Canadian customers that all accounts will be closed effective December 31, 2024. This decision has left many users scrambling to
In an abrupt move that sent ripples through the cryptocurrency community, Kraken announced its decision to cease support for Monero (XMR) within the European Economic Area (EEA). This announcement, made on October 1st, highlighted a reckoning with the region’s evolving regulatory landscape. By October 31, 2024, Kraken will halt trading and deposits related to Monero,
