On October 24, 2023, Crypto exchange Kraken made headlines with its announcement regarding Ink, a new layer-2 network that will operate on the Optimism Superchain. This initiative represents a fundamental shift in Kraken’s operations, pivoting the focus away from traditional centralized exchange functionalities to a more decentralized model. Ink aims to facilitate a range of
Exchanges
The Indian cryptocurrency exchange WazirX has recently unveiled its proof-of-reserves (PoR) report, prompting significant discussions surrounding its operational transparency and the safety of user assets. As of October 25, the exchange disclosed that approximately 40% of customer holdings are situated on third-party exchanges, which raises critical questions about asset management and the potential risks involved
In South Korea, the burgeoning cryptocurrency market is undergoing a turbulent time that has put a substantial number of investors in a stranglehold. Recent reports indicate that over 33,000 investors are currently locked out of approximately $13 million in assets due to the closure of various cryptocurrency exchanges. The local media, including The Korea Times,
The unraveling of FTX, a cryptocurrency exchange that had quickly risen to prominence, has left a profound mark on the financial landscape. As U.S. prosecutors delve into the aftermath of the scandal, they are recognizing the significance of cooperation from former FTX executive Nishad Singh. A recent court filing from October 23 highlights how Singh’s
The legal struggle of Tigran Gambaryan, an executive at Binance Holdings, has drawn significant attention from both the cryptocurrency community and legal observers. Since his arrest in February 2024 upon arrival in Nigeria, Gambaryan became embroiled in a situation that brought to light the complex interplay between national law enforcement and international cryptocurrency operations. Initially
On October 18, 2023, Coinbase, a leading cryptocurrency exchange, took an assertive step towards securing regulatory clarity in the United States by submitting two new Freedom of Information Act (FOIA) requests. The significance of these requests cannot be overstated, particularly in light of the complex and often opaque regulatory framework that governs digital assets. By
In the wake of FTX’s dramatic collapse, one of the key figures, Nishad Singh, has emerged in the spotlight, appealing for leniency in his upcoming sentencing. His legal team filed a memorandum on October 16, detailing the steps he took to cooperate with authorities and the supposed limited scope of his involvement in the company’s
In the complex landscape of cryptocurrency regulation, few cases have generated as much interest and speculation as the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). Following Judge Analisa Torres’s ruling last year, which granted significant but not total victory to Ripple, the SEC has decided to challenge certain aspects
In a strategic effort to capture the burgeoning wrapped cryptocurrency market, Kraken has unveiled its latest product, kBTC, a fully-backed ERC-20 token that represents Bitcoin. Announced on October 17, this innovative offering is designed to broaden Bitcoin’s applications beyond its traditional boundaries, seamlessly integrating into DeFi ecosystems and other blockchain platforms. The kBTC token is
In a progressive move that aims to reshape the landscape of Ethereum restaking, Kraken has officially announced its integration with EigenLayer, making the restaking of Ethereum (ETH) more attainable for average users. This pivotal development, highlighted in an Oct. 15 press release, underscores a growing trend in the cryptocurrency exchange sector, where platforms are increasingly