Stay updated on Kraken news, including exchange growth, regulatory challenges, new products, listings, and trading platform innovation.
The U.S. securities regulator was blasted for its ham-fisted approach to staking regulation.
Samuel Wan 2 min read 
The firm will pay a large penalty and face a permanent injunction.
Kraken discharged eight members of its MENA team, keeping the managing director Benjamin Ampen to oversee the transition in the region.
DCG is trying to liquidate its venture capital holdings worth $500 million, which is less than 17% of Genesis' outstanding debt.
Staked ETH has risen 18% to over 16 million ETH but over 70% of stakers have made losses, according to Dune analytics.
In the 9 months following India's 30% crypto tax levy, exchanges cumulatively lost $3.85 billion in trading volume to foreign counterparts.
Kraken said affected users should withdraw their funds before Jan. 31, 2023, and added that deposits will be suspended by Jan. 9, 2023.
The DOJ is working with the Manhattan prosecution team handling the criminal case against SBF to investigate the missing funds.
Amber group is allegedly looking to lay off 400 people and cancel performance-based bonuses.
