More than 16,000 BTC flowed out of Kraken in the past 7 days
In the past week, 16,494.83 bitcoins have flowed out of Kraken exchange wallets, 5,446.76 bitcoins have flowed out of Bitfinex wallets in the past 7 days, and 1,006.07 bitcoins have flowed into related wallets of Binance exchange in the past 7 days.
An Ethereum whale transferred 15,200 ETH to Kraken
Chain analyst Yu Jin reported that a whale who received 67,000 ETH from the Ethereum Foundation address in 2015 transferred 15,200 ETH (56.47 million US dollars) to Kraken at 2 am on June 8th, possibly contributing to the drop in ETH today.The ETH in the whale's address came from: 1. Receiving 200,000 ETH from the Ethereum genesis block (possibly from participating in an ICO); 2. Receiving 67,000 ETH from the Ethereum Foundation address.The whale's address still holds 41,000 ETH (151 million US dollars).
Kraken: USDT will not be delisted in Europe and there are currently no plans to delist
In response to previous rumors that Kraken was planning to delist USDT based on European regulatory assessments, Mark Greenberg, Kraken's Global Head of Asset Growth and Management, clarified on X platform that Kraken will continue to be listed in the European market and currently has no plans to delist USDT. Kraken understands that European customers value the use of USDT and will continue to consider all options for providing USDT under the upcoming regulations. Kraken will comply with all legal requirements, even if they are some disagreeable requirements, but the rules have not yet been finally determined. Kraken will continue to make every effort to provide all relevant stablecoins to European customers.
Kraken: Investigating Bitcoin Lightning Network Funding Gateway Issues
Kraken, a cryptocurrency exchange, is investigating issues with the Bitcoin Lightning Network fund gateway. Deposits and withdrawals may be delayed at the moment.
Venezuela Reveals Crypto Money Laundering Case Related to Unregistered Oil Sales, Involving Kraken, Other Exchanges
Tarek William Saab, the Attorney General of Venezuela, announced the second wave of arrests related to cryptocurrency money laundering cases, which originated from unregistered oil sales paid in different currencies and cryptocurrencies. Former president of the state-owned oil company PDVSA, Tareck El Aissami, former economic minister Simon Alejandro Zerpa, and entrepreneur Samark Lopez have been arrested. They are accused of laundering money through exchanges such as Kraken and investing in cryptocurrency mining.
Kraken Crypto Exchange to Delist Monero in Two European Countries in Two Months
Kraken, one of the largest centralized crypto exchange platforms, has announced that it will delist Monero (XMR) from its platform in Ireland and Belgium starting in June. XMR is a privacy-focused altcoin that launched in 2014 and will be automatically converted into Bitcoin (BTC) after June 10th. This move follows Binance's delisting of XMR earlier this year, which caused the digital asset to plummet but has since recovered and is currently trading at $134.
Kraken Institutional Platform Launches Custody Service Kraken Custody
Cryptocurrency exchange Kraken announced on Wednesday that it has launched a custody service for institutional investors through its platform Kraken Institutional. This new custody service, called Kraken Custody, will provide institutions with digital asset custody services and create deposit accounts. Kraken Custody will also allow institutions to store, manage, and transfer funds in a single interface, and will be protected by Kraken's internal security protocols.
Kraken launches institutional-grade service “Kraken Institutional”
The cryptocurrency exchange Kraken has announced the launch of institutional-grade service "Kraken Institutional". This is a comprehensive cryptocurrency solution that only provides relevant services for institutions to participate in digital asset categories, bringing together Kraken's existing products and services, and focusing on cryptocurrency trading, staking, and custody.
Kraken files motion asking court to dismiss SEC lawsuit against Kraken
Cryptocurrency exchange Kraken has filed a motion with the court requesting the dismissal of the lawsuit brought against it by the SEC. The SEC's complaint does not allege any fraud or consumer harm, but rather asserts that Kraken operates as an unlicensed securities exchange, broker, dealer, and clearing agency because cryptocurrencies are considered "investment contracts." Even if all of the SEC's allegations are true, its argument still has legal deficiencies. Kraken emphasizes that the SEC has never alleged the existence of any "contracts" between buyers on Kraken and token issuers, so it cannot constitute an "investment contract." According to the law, the assets mentioned in the SEC complaint are not investment contracts. For eighty years, the US Supreme Court and the Ninth Circuit Court of Appeals (where this case was filed) have consistently required the SEC to identify the contract when confirming the existence of an investment contract. Kraken further requests that the court dismiss the SEC's lawsuit because there are no contracts and no investment contracts. According to the famous Howey decision by the US Supreme Court, an investment contract must meet the following criteria: 1) investment of funds; 2) common enterprise; 3) expectation of profits through the efforts of others. The SEC has failed to prove any of these conditions in its allegations against Kraken. Kraken calls on the court to dismiss the case and return legislative power to Congress, upholding what it believes is right for its customers and the innovation community.
Kraken has asked its UK users to verify their self-hosted wallets
Kraken has requested its UK users to verify their self-hosted wallets. Based on recent posts, Kraken has started implementing this verification process, citing "UK regulations".
