KRAKEN | Crypto

The Aug. 7 filing ties 479 pledged Bitcoin to the higher balance, making the dated, principal-only threshold calculable. The post Kraken holds the instant liquidation switch on a crypto firm’s 479 Bitcoin if price drops to $45,094 appeared first on CryptoSlate.

Withdrawals close at 14:00 UTC, then thin markets could determine what automatic liquidation returns. The post Crypto holders face an Aug 27 deadline to save 21 tokens before Kraken liquidates them into thin order books appeared first on CryptoSlate.

Withdrawals closed July 31, leaving residual balances to a five-day sale whose venue, sequence, fees and settlement currency remain undisclosed. The post Kraken is force-selling 7 delisted tokens into dead markets, warning users insufficient liquidity could result in zero proceeds. appeared first on CryptoSlate.

The five-year bug escaped detection because auditors verified that the intended random number generator existed, but not that it was being called. Coldcard’s five-year seed-generation flaw has exposed a broader weakness in how hardware wallets are independently tested, according to Kraken chief security officer Nick Percoco.  In an X post on Sunday, Percoco said the incident should be a “wake-up call” for hardware-wallet makers, calling for independent testing to verify that the approved source of randomness is the one actually used by production firmware.  “Consumers are asked to trust a manufacturer’s implementation of the single most critical function in the system, with no independent verification that the approved entropy path is the one actually executing,” said Percoco.  Read more

Eligible US users can request IPO allocations, while customers in more than 110 countries gain access to tokenized Jersey Mike’s shares backed 1:1 by the underlying stock. Crypto exchange Kraken is offering retail investors access to the planned Jersey Mike’s initial public offering, allowing eligible US customers to request allocations of the sandwich chain’s shares and users in more than 110 countries to request tokenized shares backed 1:1 by the underlying stock. Eligible US customers can submit interest in book-entry Jersey Mike’s shares at the IPO price, while global customers can request JMKEx, a tokenized version of the stock with the backing shares held in regulated custody. Allocations are determined by the IPO underwriter and are not guaranteed. JMKEx will begin trading 24 hours a day, five days a week on Kraken and participating xStocks Alliance platforms once the IPO closes, while the underlying Jersey Mike’s shares will trade during regular US market hours. Read more

Eligible US users can request IPO allocations, while customers in more than 110 countries gain access to tokenized Jersey Mike’s shares backed 1:1 by the underlying stock. Crypto exchange Kraken is offering retail investors access to the planned Jersey Mike’s initial public offering, allowing eligible US customers to request allocations of the sandwich chain’s shares and users in more than 110 countries to request tokenized shares backed 1:1 by the underlying stock. Eligible US customers can submit interest in book-entry Jersey Mike’s shares at the IPO price, while global customers can request JMKEx, a tokenized version of the stock with the backing shares held in regulated custody. Allocations are determined by the IPO underwriter and are not guaranteed. JMKEx will begin trading 24 hours a day, five days a week on Kraken and participating xStocks Alliance platforms once the IPO closes, while the underlying Jersey Mike’s shares will trade during regular US market hours. Read more

The deal brings wallet technology to Payward’s enterprise platform, potentially reducing the number of infrastructure providers businesses need to integrate with. Payward, the parent company of crypto exchange Kraken, has agreed to acquire the wallet-as-a-service business of Magic Labs, expanding its enterprise infrastructure offering as demand for onchain financial services continues to grow. Payward said Monday the acquisition will allow it to integrate Magic Labs’ non-custodial wallet technology into Payward Services, its business-to-business platform for crypto trading, custody, tokenized assets and fiat on- and off-ramps. Financial terms of the deal were not disclosed. The addition of embedded wallets allows businesses to offer self-custodied wallets directly within their applications instead of relying on third-party wallet providers, giving business clients a broader suite of blockchain infrastructure through a single integration. Read more

The redesigned app will use AI to recommend trades and tailor investing tools around users' financial goals as Kraken expands into broader financial services. Crypto exchange Kraken is adding AI-powered financial tools to its mobile app as exchanges increasingly compete to offer personalized investing tools beyond basic trading features. According to a company announcement, users will begin by setting financial goals and preferences, allowing the app to tailor its interface and recommendations around those objectives rather than requiring customers to navigate complex trading tools. The company said the redesigned platform will help users pursue goals such as buying a home, saving for retirement or building an emergency fund. Kraken said its "financial intelligence" continuously monitors markets, identifies investment opportunities and recommends trades, but does not execute transactions autonomously. Every recommendation requires the user's approval before a trade is placed, with the company positioning the ...

US prosecutors charged Rossen Iossifov over the alleged laundering of $290,000 in forfeited crypto from a Kraken account. United States prosecutors have charged a man serving a federal prison sentence over the alleged removal and laundering of about $290,000 in crypto assets held in a Kraken account subject to a forfeiture order.  The Department of Justice said on Thursday that Rossen Iossifov, a Bulgarian national, conspired in January 2024 to withdraw and transfer crypto that a federal court had ordered forfeited following his 2021 conviction. Prosecutors allege that the assets were moved through illicit mixing services and crypto exchanges before the US could take possession.  The case shows how attempts to move crypto after a forfeiture order can trigger fresh criminal charges, even after the underlying conviction. Read more

The crypto exchange's parent company says Mazars' withdrawal from its 2022 audit caused millions in damages and tied the dispute to Operation Chokepoint 2.0. Payward, the parent company of crypto exchange Kraken, has won a $22 million arbitration award against former auditor Mazars USA and asked the Delaware Court of Chancery to enter judgment on the award, according to a letter published Tuesday by co-CEO Arjun Sethi. Payward said Mazars withdrew from the exchange's nearly completed 2022 audit despite finding no fraud, raising no concerns about management's integrity and reporting no disagreements with the company. "An audit is not a favor. It is oxygen," Sethi wrote, arguing that independent audits are essential for obtaining banking services, licenses and other business relationships. Read more

Eligible users can now use select tokenized stocks and ETFs as collateral for futures and margin trading without selling their holdings. Crypto exchange Kraken has begun accepting select tokenized stocks and exchange-traded funds (ETFs) as collateral for futures and margin trading, allowing eligible users to open leveraged positions without selling their holdings. The feature initially supports 10 tokenized stocks and ETFs, including Apple, Nvidia, Tesla, Strategy, the SPDR S&P 500 ETF and Invesco QQQ Trust. Eligible users can post those holdings as collateral without selling them first. Each eligible asset is assigned a collateral haircut that reduces its lending value based on risk. Broad-market ETFs receive the lowest haircut at 10%, while more volatile stocks such as Strategy and Robinhood are discounted by 30%. Read more

Several exchanges that have already been authorized by EU regulators are attempting to bring in users from companies unlicensed under the Markets in Crypto-Assets rules, offering transfer bonuses and prizes. Cryptocurrency exchanges already approved to operate in European Union member states under the soon-to-be enforced Markets in Crypto-Assets (MiCA) framework are incentivizing users from companies that failed to gain license approval. With MiCA restrictions set to be enforced starting on July 1, executives of cryptocurrency exchanges including Coinbase and OKX have taken to social media to sway users from soon-to-be unauthorized companies, like Binance and Bybit Global.  The world’s largest crypto exchange, Binance, said that it would restrict services for EU-based users after withdrawing its MiCA application last week. Bybit Global on Monday said access to services for users in the European Economic Area “will be progressively limited” starting on July 1, though its Bybit EU arm is authorized to operate u...

Kraken's new facility with Maple brings a traditional warehouse financing model onchain, allowing the exchange to expand its institutional crypto lending business using blockchain-based structured credit. Crypto exchange Kraken and onchain asset manager Maple have launched an onchain warehouse financing facility for crypto-backed loans, applying a lending structure widely used in traditional credit markets to institutional digital asset lending. According to Thursday's announcement, the facility will fund Kraken's OTC lending business using a bankruptcy-remote special purpose vehicle (SPV) and USDC-denominated financing. Unlike traditional bilateral crypto loans, the facility is structured through the SPV, with Maple providing senior financing and Kraken retaining a stake in the transaction. The arrangement is intended to let Kraken expand its institutional lending business without tying up additional balance-sheet capital. Read more

Kraken's new facility with Maple brings a traditional warehouse financing model onchain, allowing the exchange to expand its institutional crypto lending business using blockchain-based structured credit. Crypto exchange Kraken and onchain asset manager Maple have launched an onchain warehouse financing facility for crypto-backed loans, applying a lending structure widely used in traditional credit markets to institutional digital asset lending.  According to Thursday's announcement, the facility will fund Kraken's OTC lending business using a bankruptcy-remote special purpose vehicle (SPV) and USDC-denominated financing. Unlike traditional bilateral crypto loans, the facility is structured through the SPV, with Maple providing senior financing and Kraken retaining a stake in the transaction. The arrangement is intended to let Kraken expand its institutional lending business without tying up additional balance-sheet capital. Read more

PowerTrade changed Kraken’s positive balance of more than $6 million to a $2 million deficit via a series of unauthorized “corrections” related to trades that had expired or settled months earlier, according to a legal filing.

The exchange wraps DEX access in a familiar interface and warns users the tokens sit outside Kraken review. The post Kraken adds 2,500 unapproved Solana tokens to its app – says risk stays on-chain appeared first on CryptoSlate.

Bitcoin briefly slipped below its 200-week moving average twice in the past two weeks, a rare event that Kraken says has historically marked strong entry points for buyers.

The offering follows Kraken's acquisition of Bitnomial and comes amid a broader push to bring crypto derivatives trading onshore. Kraken on Monday launched perpetual futures trading for eligible US users through Bitnomial, expanding its domestic derivatives offerings months after acquiring the federally regulated exchange. The products are available through Kraken Pro and include contracts tied to major cryptocurrencies including Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP (XRP), Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Litecoin (LTC) and Avalanche (AVAX). According to Monday's announcement, the contracts share the same futures wallet as Kraken's existing CME-listed crypto futures products, allowing traders to manage both positions from a single account. Read more

The offering follows Kraken's acquisition of Bitnomial and comes amid a broader push to bring crypto derivatives trading onshore. Kraken on Monday launched perpetual futures trading for eligible US users through Bitnomial, expanding its domestic derivatives offerings months after acquiring the federally regulated exchange. The products are available through Kraken Pro and include contracts tied to major cryptocurrencies including Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP (XRP), Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Litecoin (LTC) and Avalanche (AVAX). According to Monday's announcement, the contracts share the same futures wallet as Kraken's existing CME-listed crypto futures products, allowing traders to manage both positions from a single account. Read more

FIFA 2026 Kicks Off: Kraken, Chainlink & Chiliz Go All In The post Crypto FIFA World Cup 2026 Moment: Kraken, Chainlink, and Chiliz Are All In appeared first on Cryptonews.