2024-12-16 22:13 |
Users caught in FTX’s 2022 crash will begin receiving bankruptcy distributions, optionally in stablecoins, through Kraken and BitGo.
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FTX and its affiliated debtors announced on Dec. 16 that their reorganization plan will take effect on Jan. 3, 2025, and distributions will commence within 60 days. FTX has partnered with BitGo and Kraken to manage the distribution process for retail and institutional creditors.
2024-12-17 23:51 | |
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Crypto custodian BitGo has been nominated as the official custodian to safeguard the remaining funds at FTX. The post BitGo to take custody of FTX assets in bankruptcy procedure appeared first on CryptoSlate.
2022-11-24 00:56 | |
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Crypto exchanges Coinbase and BitGo have previously received trust charters from New York's financial regulator, allowing the firms to offer crypto custody services.
2022-5-12 21:15 | |
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The Australian Securities and Investments Commission (ASIC) has fined Bit Trade—the operator behind the Kraken exchange—$5 million for unlawfully issuing a credit facility, according to a Dec. 12 statement.
Kraken operator in Australia Bit Trade will pay a $5. 1 million fine for non-compliance with regulatory requirements. The Australian Securities and Investment Commission accused the crypto platform of offering a credit facilty that did not comply with regulations.
Average crypto trading volume more than doubled across centralized exchanges like Binance, Kraken, and Coinbase in November.
Over 80% of crypto holders admit emotional triggers like FOMO and FUD drive their investment decisions, a survey reveals. A new survey of 1,248 crypto holders shows the significant impact of emotional decision-making, with 84% admitting to making investments based…
The issuance comes at a time when the European stablecoin market is poised for a shake-up as regulations for issuers will enter into full force by the end of this year.
Kraken reportedly fired 15% of its workforce, two people with insider knowledge told a New York Times reporter.