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A federal court ordered crypto exchange Kraken to turn over account and transaction information to the Internal Revenue Service (IRS), which said it needed that information to see if any of the exchange's users had underreported their taxes.As per the order issued on Friday, June 30, Kraken is required to
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According to Friday's order, Kraken must turn over information for users who transacted with more than $20,000 over the course of a calendar year for that year, including the user's name (and any pseudonyms), birthdate, taxpayer identification number, address, phone number, email address and a host of other documents. Original Source
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"We're on a path to integrate across DeFi and TradFi," said Thomas Ruble, chief technology officer of Concordia, in a statement. "To move real assets at the speed of frictionless blockchains is the goal everyone wants. Just as Main Street and Wall Street both enjoy the same World Wide Web,
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Kraken NFT marketplace exits its beta phaseCrypto exchange Kraken has announced that its nonfungible token (NFT) marketplace has exited its beta phase. Along with the launch, the NFT platform highlighted that it has expanded its number of NFT collections. The platform noted that it went from supporting 70 collections to
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Cryptocurrency exchange Kraken has officially launched its NFT marketplace out of beta testing, supporting over 250 NFTs across the Ethereum, Solana and Polygon blockchains. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Kraken is experiencing delays in deposits and withdrawals due to issues with multiple crypto funding gateways such as bitcoin (BTC), ether (ETH), and ERC20. On June 6, Kraken announced that it is addressing an issue causing delays
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Update: Kraken says it has implemented a fix and is currently monitoring the results.Cryptocurrency exchange Kraken says it is currently investigating an issue with several crypto funding gateways, including major ones such as Bitcoin (BTC), Ether (ETH) and ERC-20. On June 6, Kraken’s status page said, “Deposits and withdrawals are currently
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Self-regulatory organization CryptoUK and crypto exchange Kraken UK has slammed a recent report from a panel of British lawmakers that suggested crypto should be regulated in a similar vein to gambling.In a May 17 report, the Treasury Committee “strongly recommended” that unbacked crypto be regulated as gambling due to concerns
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United States crypto exchange Kraken has provided a novel method for flagging nefarious wallets — building a fake crypto account on the exchange to “scam bait” bad actors.Tweeting on May 10, popular streamer Kitboga — whose content revolves around annoying scammers— revealed that Kraken had built him a “custom environment”
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Crypto exchange Kraken is taking the fight against the United States Internal Revenue Service (IRS) and its demand to present critical exchange user information to the court. The exchange deemed IRS’s demand for customer information as an “unjustified treasure hunt.”The crypto exchange has requested a federal court in San Francisco
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