The legal battle between San Fransisco-based cryptocurrency exchange Kraken and the United States Securities and Exchange Commission (SEC) has taken an unexpected turn as the crypto platform garners support from eight states in the US, putting it one step ahead of the regulatory watchdog. Kraken Gains Support From 8 US States Well-known crypto advocate and […]
Binance, the world’s leading digital asset exchange, has exhibited resilience and growth following its recent settlement with the US regulatory bodies. The settlement, which addressed allegations of money laundering and sanctions evasion, marked a pivotal moment for Binance. Since November 21, when the settlement was reached, Binance has experienced a surge in net inflows, amounting […]
The decentralized finance (DeFi) sector continues to gain traction if on-chain data, especially from decentralized exchanges (DEXes), is anything to go by. According to Token Terminal data on December 6, the top 20 DEXes have accumulated over $4.4 trillion in trading volume since launching. Rise And Rise Of DEXes: Uniswap, Curve Dominate Considering the state of […]
Bitcoin (BTC) rallied over 10% in the past week, extending gains and reaching levels not seen since the Terra collapse in May 2022. This surge is attributed to increased institutional activity, particularly in the United States. Average Bitcoin Trade Size Rising In U.S. Exchanges According to Kaiko data on December 5, the average trade size on United […]
Yesterday, the US Securities and Exchange Commission (SEC) filed another lawsuit against the crypto exchange Kraken. The second lawsuit in under a year, the legal action has been rejected by key figures in the crypto industry, including a founding member of the company. Jesse Powell Criticizes SEC’s Repeat Actions, Foresees Regulatory Struggles Jesse Powell, Kraken’s […]
Data from Lookonchain, a blockchain analytics platform, on October 20, shows that one Ethereum (ETH) whale is actively moving coins to Kraken, a crypto exchange, and appears to be selling. The unidentified whale deposited 35,176 ETH, worth over $56.5 million when writing, and withdrew $10 million in USDT hours later. USDT is the world’s most liquid stablecoin, […]