Kraken Secures VASP License for Dutch Expansion
Kraken, a cryptocurrency exchange, has obtained a Virtual Asset Service Provider (VASP) registration from the Dutch Central Bank (DNB) as part of its expansion into Europe. This license allows Kraken to offer its top products to residents of the Netherlands. The Managing Director of Europe for Kraken, Brian Gahan, sees this as an opportunity to introduce their services to both retail and institutional investors in the Netherlands and across Europe. Kraken has been eyeing the Dutch market for some time and even considered acquiring Netherlands-based cryptocurrency exchange Coin Meester B.V. to fortify its position in the market. Kraken holds licenses from Ireland, Spain, and Italy and is pursuing licenses and registration in other European states.
Kraken announces that it will undergo long-term maintenance at 0:00 Beijing time
The cryptocurrency exchange Kraken announced that it will undergo a long-term maintenance at 0:00 Beijing time. During the maintenance period, Kraken services will be unavailable, including the website, application, and Kraken support center.
774 BTC transferred out of Kraken
According to Whale Alert monitoring, at around 12:41 pm Beijing time today, 774 BTC were transferred from Kraken to an unknown wallet, worth approximately $34 million.
Kraken now supports USDC deposits and withdrawals on Optimism Network
On December 5th, according to an official announcement, Kraken now supports deposits and withdrawals of USDC on the Optimism network.Kraken currently supports two versions of USDC: USDC.e and Optimism native USDC.
891 BTC transferred from Kraken to Bitfinex
According to Whale Alert, a blockchain data tracking service, at 00:00 Beijing time, 891 BTC ($33,725,274) was transferred from Kraken to Bitfinex.
60 million USDT transferred from Kraken to Bitfinex
According to Whale Alert monitoring, 60 million USDT were transferred from Kraken to Bitfinex.
Senator Cynthia Lummis Criticizes SEC for Kraken Lawsuit, Calls for Regulatory Framework
The US Securities and Exchange Commission (SEC) has accused Kraken, a San Francisco-based crypto exchange, of operating its trading platform as an unregistered securities exchange, broker, dealer, and clearing agency. The SEC alleges that Kraken has made hundreds of millions of dollars "unlawfully facilitating the buying and selling of crypto asset securities." Wyoming Senator Cynthia Lummis, a noted crypto supporter, criticized the SEC's action, calling it an example of "ruling by enforcement." Lummis has previously called for a federal digital asset regulation bill to pass in the US early next year.
Net outflows from Binance, Kraken and Coinbase totaled $692 million in the past 24 hours
On November 22nd, according to on-chain data from Nansen, Binance had a net outflow of $514 million in the past 24 hours, Kraken had a net outflow of $121 million, and Coinbase had a net outflow of $57.48 million. The three combined had a net outflow of nearly $700 million.
Kraken Lianchuang criticized the SEC for abusing its power for "extortion" and suggested that encryption companies consider withdrawing from the US market
Kraken co-founder Jesse Powell criticized the SEC's recent lawsuit against his company on the X platform. Powell condemned the SEC's actions and suggested that crypto companies consider leaving the US market.<br>He referred to the SEC as "America's top decel," a common phrase in the tech industry used to describe entities that hinder progress. Powell expressed dissatisfaction with the SEC's actions and implied that the regulatory body was using its power to extort funds from companies in the crypto industry.<br>Powell stated that the cost of fighting the SEC in court could exceed $100 million, which many companies in the industry would be unable to afford. In light of this financial burden and the SEC's aggressive stance, Powell suggested that other crypto companies consider moving their operations outside the US. <br>Earlier today, the SEC accused Kraken of mixing customer funds with company funds and operating unregistered exchanges, brokerages, and clearing agencies.<br>Kraken responded on the X platform, stating that it does not agree with the SEC's claims and plans to vigorously defend its position.
Kraken says products remain unaffected amid SEC’s new ‘disastrous’ lawsuit
Kraken argued that the SEC is “demanding compliance with a regime that doesn’t exist” in response to the regulator’s Monday lawsuit against the crypto exchange.
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