Kraken Receives EU E-Money License and VASP Registration in Spain, Expands Fiat Services in Europe
Kraken has been granted an e-money institution license by the Central Bank of Ireland and a virtual assets service provider registration from the Bank of Spain. This will allow Kraken to expand its EUR fiat services with European bank partners and offer exchange and custodial wallet services to Spanish residents. Kraken's vice president of global operations, Curtis Ting, expressed gratitude for the constructive approach to regulating industry growth set by the Central Bank of Ireland and the Bank of Spain. Kraken also launched its NFT marketplace in June and believes clear and effective regulation is essential for the mainstream adoption of cryptocurrencies.
Kraken Halts South African User Deposits, Causing Crypto Premium To Rise to 3.5%
The premium of cryptocurrency assets on South African exchanges briefly surged to 3.5% due to Kraken's refusal to accept deposits from South African users. South African cryptocurrency experts attribute this to the Financial Action Task Force (FATF) placing South Africa on the gray list.
Du Jun Deposited 10 Million USDT Into Kraken Through the Address “0x946D” 5 Hours Ago
Lookonchain monitoring showed that Du Jun, CEO of New Fire Technology, deposited 10 million USDT into Kraken through the address "0x946D" 5 hours ago.
After Being Dormant for 2 Years, a Certain Whale Transferred More Than 12,000 ETH to Binance. So Far, All 52,000 ETH Have Been Transferred to CEX.
According to chain analyst Yu Jin's monitoring, a whale who withdrew 52,000 ETH (valued at $5.73 million at the time) from Kraken at an average price of $110 from December 2018 to January 2019, transferred 12,087 ETH (now valued at $20.61 million) in two transactions to Binance 11 hours ago after being dormant for two years. As of now, all of the whale's 52,000 ETH has been transferred to CEX. In June 2019, the whale transferred 27,198 ETH to Bitstamp at an average price of $257.
Data: 892 BTC Transferred From Kraken to Unknown Wallet
According to Whale Alert monitoring, on August 17th, 892 BTC (worth $25,579,886) was transferred from Kraken to an unknown wallet address.
34.28 Million SAND Distributed to 11 Addresses Within 2 Hours as Part of Token Unlocking
According to Spot On Chain monitoring, 34.28 million SAND tokens (worth $13.5 million) were distributed to 11 addresses within 2 hours as part of the token unlocking process. 5.77 million SAND tokens (worth $2.81 million) were deposited into Binance and Kraken through 4 addresses, while 1.38 million SAND tokens were sold on DEX at an average price of $0.378 per token for a total of 522,000 USDC.
Data: The Bald Deployer Bridged 7,000 ETH From the Base Network Back to Ethereum, and Deposited 2,100 ETH Into Kraken
On August 14th, according to Lookonchain monitoring, the deployer of Bald has bridged back 7,000 ETH ($12.9 million) from the Base network to Ethereum, and deposited 2,100 ETH ($3.87 million) into Kraken. Currently, there are 2,000 ETH ($3.7 million) being bridged and 2,237 ETH ($4.13 million) on the Base network.
Kraken Listing Boosts Native Currency for Two Reddit Communities
Kraken, a cryptocurrency exchange, has listed the native currencies of two Reddit communities, MOON and BRICK, causing a surge in their value. The r/Cryptocurrency Moons increased by 40% to $0.40, while r/FortNiteBR Bricks rose by 76% to $0.04. Both currencies are awarded to users based on their engagement within each online community. Kraken also unveiled perpetual futures for the tokens, allowing people to speculate on future price movements.
Kraken co-founder questions viability of FTX 2.0's revival plans
Jesse Powell, co-founder of Kraken, has expressed doubts about the viability of FTX 2.0's plans to revive the now-bankrupt crypto exchange. Powell believes that FTX 2.0 would be worse than starting from scratch due to the lack of team, technology, licenses, and banking, as well as a tarnished brand. He suggests that the trustee should auction off the domain and trademark to the highest bidder, as anything beyond that would be a fee extraction attack on delusional creditors. FTX 2.0 Coalition, an alliance of FTX users hoping for a reboot, criticized Powell's comments, stating that the exchange's 1.8 million creditor-customers turned owners are hugely valuable for bootstrapping.
How You Can Have Your NFT On An F1 Car at the Grand Prix!
Williams Racing and crypto exchange Kraken are partnering to offer NFT holders the chance to have their digital collectibles featured on Formula One (F1) cars during the U.S. Grand Prix on October 22 in Austin, TX. NFT holders with assets listed on Kraken's NFT marketplace can submit their tokens for consideration between August 1 and 18. The top 20 entries will be shortlisted by Williams Racing and Kraken, with the final four NFT choices to be voted on by the community from August 28 to 31.
