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“As of March 27, 2023, Kraken clients will no longer be able to use ACH deposits and withdrawals through Silvergate,” the company told CryptoX in an email. “We are working to make ACH funding options available through alternative funding providers as soon as possible and will communicate details with clients
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By Mar. 11, USDC, a stablecoin, de-pegged, falling to as low as $0.89 during the Asian session, trackers reveal. USDC de-pegs after Silicon Valley Bank folds The de-pegging of the USDC, theoretically meant to track the value of the USD, regardless of market volatility, is why Jesse Powell, the co-founder and CEO
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In its email to users, Kraken said the move was made due to changes by Signature, according to Bloomberg. In an email to CoinDesk, Signature noted that it had previously stated as of Feb. 1, it would no longer support any of its crypto exchange customers in buying and selling
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Jesse Powell, the current CEO of crypto exchange Kraken, has called out United States financial regulators for letting “the bad guys” win to suit their agenda.In a Feb. 19 Twitter thread, Powell speculated that U.S. regulators — seemingly including the Securities and Exchange Commission (SEC) — were allowing crypto firms
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The settlement between Kraken (Payward Ventures) and the United States Securities and Exchange Commission set off alarm bells in the crypto community this month. Apparently, Kraken — one of the most compliance-minded crypto exchanges in existence — decided to buy its peace rather than fight with the SEC for years
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As reported by a local publication on Feb. 15, Korean financial authorities are looking into the staking services market. However, as the unnamed official specified to the journalists:The fears of the crypto community about the possible repercussions of the recent court deal between the United States Securities and Exchange Commission
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The United States Securities and Exchange Commission (SEC) settled with Kraken on Feb. 9 for an action taken against the exchange’s staking rewards program. Kraken paid a $30 million fine and agreed to halt the program.Set aside for a moment the irony that the SEC is going after a solvent
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Meanwhile, the inferno of FTX and some of the other crypto misdeeds are "confirming some of people's darkest concerns about crypto and blockchain," he said, which further hinders the legislative process. However, he said it’s “not a capital offense” for the industry, and the current drama shouldn’t be terminal, because
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The Securities and Exchange Commission’s (SEC) shutdown of crypto exchange Kraken’s U.S. staking-as-a-service business may certainly lead to a wider industry crackdown. However, “this is not a condemnation of staking writ large,” said Zachary Fallon, a former special adviser to the regulator’s general counsel and previously senior special counsel to
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The United States Securities and Exchange Commission is ramping up pressure on the crypto sector. On Feb. 9, the SEC reached a $30 million settlement with Kraken over the centralized staking program it offered to its users.The news of the crackdown sent the price of Bitcoin (BTC) to a three-week
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