Crypto Exchange Kraken Settles With Treasury Department Over Sanctions Violations
Crypto exchange Kraken has settled with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) over its apparent violations of sanctions against Iran. The cryptocurrency exchange has agreed to remit $362,159 to settle its potential civil liability and invest an additional $100,000 in certain sanctions compliance controls.
Ethereum Derivatives Look Bearish, but Traders Believe the ETH Bottom Is In
Ether (<a href="https://cointelegraph.com/ethereum-price">ETH</a>) rallied 5.5% in the early hours of Nov. 29, reclaiming the critical $1,200 support. However, when analyzing a broader time frame, the 24% negative performance in the past 30 days significantly impacts investors' sentiment. Moreover, investors’ mood worsened after <a href="https://cointelegraph.com/news/blockfi-files-for-bankruptcy-as-many-expected-cites-ftx-collapse-for-its-troubles">BlockFi filed for bankruptcy</a> on Nov. 28.
Kraken Decides To Settle Iran Sanction Allegations With U.S. Regulators
On 28 November, the U.S. Treasury Department announced that cryptocurrency exchange Kraken has agreed to pay a settlement fee of $362,000 against accusations that it violated sanctions against Iran.
Kraken Settles With the SEC and Pays $362K for Violating U.S Sanctions on Iran
The U.S. Office of Foreign Assets Control (OFAC) has made it clear that it will keep imposing fines on cryptocurrency exchanges for alleged violations of the U.S. sanctions system.
Crypto Exchange Kraken Settles with Treasury Department over Iran Sanctions Violations
U.S. crypto exchange Kraken has settled with the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today, agreeing to pay $362,158.70 for apparent violations of sanctions against Iran.
Kraken and ConsenSys Back Staking Platform Kiln in $17 Million Round
ConsenSys and the venture arm of crypto exchange Kraken have backed institutional staking platform Kiln in a €17 million ($17.6 million) round. Blockdaemon and Illuminate Financial led the equity round, which closed in October and featured participation from GSR, LeadBlock Partners, Sparkle Ventures, Alven and Blue Yard Capital.
Kraken CEO Calls Binance ‘Proof of Reserves’ Pointless
<a href="https://coingape.com/glossary/binance/">Binance</a> was one of the first crypto exchanges to reveal their proof-of-reserves, and it wasn’t long before numerous other crypto firms followed suit. However, these earliest proof-of-reserves were nothing more than the balances of the cold wallets belonging to the exchanges.
Kraken Exchange Releases Update On Spark (FLR) Airdrop to Eligible XRP Holders
The long-awaited Spark (FLR) airdrop distribution to eligible XRP holders is around the corner, as more crypto exchanges show preparedness and support. However, the Flare team is yet to confirm the date for the airdrop distribution event after the last postponement.
Kraken Enables Flare Funding and Staking To The Excitement Of XRP Holders
<b>Kraken has enabled funding and staking for the Flare token as the airdrop distribution date draws closer for XRP holders.</b>
Kraken's Jesse Powell Takes Aim at Newly Launched Proof-of-Reserve Lists
Kraken executive Jesse Powell shared a screenshot of coinmarketcap.com’s newly launched proof-of-reserves (POR) dashboard.
