Good morning, Asia. Here’s what’s transferring earlier than the bell. Bitcoin traded barely larger in Asia on Wednesday after briefly sinking under $90,000 to a seven-month low, as merchants tiptoed again into the market whereas a fragile threat temper saved a lid on conviction. The token has now given up all of this 12 months’s…
Crypto trade Kraken has raised $200m from Citadel Securities at a $20b valuation, deepening the Wall Street agency’s push into digital belongings and bolstering the trade forward of a deliberate inventory market itemizing. A Kraken spokesperson confirmed the spherical to Fortune, calling it a strategic funding from the almost 25-year-old market maker. This new money…
Kraken’s co-chief govt Arjun Sethi criticized the UK’s crypto advertising regime, saying new guidelines sluggish fund actions and make it tougher for retail buyers to take part. “In the UK as we speak, for those who go to any crypto web site, together with Kraken’s, you see the equal to a cigarette field [warning] —…
Telegram customers will quickly acquire entry to tokenized US equities by way of a brand new partnership between Wallet in Telegram, crypto trade Kraken, and xStocks operator Backed. Key Takeaways: Telegram Wallet will launch tokenized U.S. shares by way of a partnership with Kraken and Backed. The rollout begins in October with 35 property and…
Quite a few main crypto exchanges, together with Kraken, KuCoin, and HTX, have confirmed plans to record WLFI, a token launched by World Liberty Monetary Inc., a mission backed by Donald Trump and his household. Key Takeaways: Kraken, KuCoin, and HTX will record Trump-backed WLFI, with buying and selling set to start September 1. WLFI…
Kraken has held talks with the US Securities and Exchange Commission (SEC) over its plans to expand into tokenized markets, highlighting rising scrutiny of one of the fastest-growing corners of crypto. Key Takeaways: Kraken met with the SEC to discuss regulatory frameworks for its tokenized trading system. Regulators are pressing for stricter oversight of tokenized…
Crypto exchange Kraken has announced a temporary stoppage of Monero (XMR) token deposits on its platform. This move comes in response to the ongoing 51% attack against the Monero blockchain, an open-source protocol and privacy-focused network. For context, a 51% attack refers to a situation where a group of miners gains more than 50% of…
Crypto exchange Kraken has suspended Monero (XMR) deposits after confirming that a single mining pool gained control of more than half of the network’s hashing power, raising serious security concerns. Key Takeaways: Kraken halted Monero deposits after one mining pool, Qubic, claimed control of over 50% of the network’s hashrate. Monero developers pushed back, while…