At a Kraken-hosted webinar titled “DeFi-ing expectations: the future of Ethereum,” panelists discussed the rise of decentralized finance, its defining features and how to measure its success. The webinar was held on July 31 and featured known DeFi influencers Anthony Sassano, co-founder of EthHub.io, Ryan Sean Adams, founder of Mythos Capital, Andrew Keys, managing partner at Darma Capital and former ConsenSys executive, and William Mougayar, an early Ethereum investor and former advisor to the Ethereum Foundation. Pete Rizzo, editor-at-large at Kraken, moderated the panel, often asking somewhat provocative questions about the nature of the DeFi movement. Metrics and decentralization One …

Major British fintech firm Revolut is expanding its cryptocurrency trading services in the United States. As of July 15, users across the country — with the exception of Tennessee — can trade cryptocurrency on Revolut's app. The original plan was to introduce this service in April. The crypto offering will be provided in partnership with Paxos. Revolut's service has been available to the neobank’s European clients for several years now. Edward Cooper, head of crypto at Revolut told Cointelgraph that cryptocurrency was a strong user acquisition driver for the company in Europe and he hopes the same will be true …

Though Bitcoin’s (BTC) correlation with gold has diminished, the asset’s correlation with the S&P 500 stock market index is on the rise, researchers from Kraken exchange found. Kraken Intelligence, a research arm of major United States cryptocurrency exchange, Kraken, released a “Bitcoin Volatility Report” for June 2020. Bitcoin’s volatility hits a 6-month low Published on July 9, the new report outlines a 31% drop in Bitcoin trading that resulted in a six-month low of Bitcoin’s annualized volatility, which accounted for 51% in June. According to the report, the significant decline in volumes and volatility marked June as the quietest month …

Kraken Security Labs, the cybersecurity division of US-based cryptocurrency exchange Kraken, has identified new potential attacks against popular hardware wallet Ledger. These attacks can affect Ledger Nano X wallets if they execute prior to the user receiving the wallet, if a wallet was intercepted during shipment or obtained from a malicious reseller, Kraken noted. This leaves the attackers theoretically capable of controlling computers connected to Ledger wallets and running malware on them. Thankfully it stayed theoretical — the issue was repaired. Had the matter gone unaddressed, then we’d start hearing about “Bad Ledger attacks” and “Blind Ledger attacks.” The first …

In an interview Tuesday with Bloomberg, Kraken CEO Jesse Powell claimed that layer-two solutions will in time make Bitcoin (BTC) as easy to use as the United States dollar. In addition to improvements in Bitcoin’s utilitarian nature, Powell suggested that the eventual timing of institutional investors getting on board would rely on a herd mentality, and recommended Bitcoin as a hedge against the U.S. Federal Reserve’s current manipulation of the dollar. Bitcoin utility will improve to match store of value Powell trumpeted Bitcoin’s success as a store of value. The predictable nature of issuance has seen many flock to BTC …

Major cryptocurrency exchange Kraken has announced support for Aussie dollar (AUD) trading pairs and account funding. Australian dollars will be tradeable against Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), and Tether (USDT) on the platform. AUD is the seventh fiat currency to be supported by Kraken, joining USD, CAD, EUR, JPY, GBP, and CHF. Kraken clients based outside of the United States will also be able to trade AUD-based foreign exchange pairs against USD, EUR, and JPY. Kraken launches AUD funding support Kraken will launch AUD support on June 17, with Australian users able to deposit …

Cryptocurrency exchanges have an important role in driving adoption around the world, but even the biggest operations face significant challenges when trying to expand their services. The advent of Bitcoin (BTC) and the subsequent development and launch of numerous other cryptocurrencies have changed the way people look at transacting across the world. Dependency on traditional banking systems is no longer the only option available to people. Blockchain networks and cryptocurrencies are able to bypass conventional financial systems and allow people to transact directly, without having to go through a centralized institution. In an ideal, cryptographically secure world, users would transact …

Coinbase chief executive Brian Armstrong says that company leaders are increasingly opting to avoid mainstream journalists by speaking directly to audiences on unmediated social media platforms. “Our customers are on YouTube/podcasts/social media — not reading mainstream media,” asserted Armstrong in a May 22 Twitter thread, adding that companies are now “able to control their own distribution channels” in the current media landscape. Publishing to our own blog/twitter/YouTube lets us say what is on our mind and talk to our customers — not get one quote in an otherwise balanced (or sometimes outright mean/snarky) article. Crypto exchange CEO avoids traditional media …

Etana Custody, a custody firm that provides fiat funding services to the major cryptocurrency exchange Kraken, was reportedly breached on April 18. Despite an unauthorized party infiltrating Etana’s system, a spokesperson from the company indicated to reporters that no client funds were impacted. A widely quoted memo from Etana Custody states that its “client user interface was accessed by an unauthorized external party” on April 18. The document emphasizes that “no client assets or securities, including fiat or digital currencies were affected and no unauthorized withdrawals or transfers were made.” Etana provides funding for Kraken users’ U.S. dollar, euro, Canadian …

Data provided exclusively to Cointelegraph by blockchain and crypto analytics firm Flipside Crypto shows that Binance and OKEx paid large fees for Ether (ETH) withdrawals when the Bitcoin price crashed to $3,600 on March 13, a day dubbed as “Black Thursday” among investors in the cryptocurrency market. At the time, the Bitcoin (BTC) price dropped by around 50 percent in a single day, causing the price of Ether to plunge to as low as $85 across major exchanges. As an unprecedented cascade of liquidations pushed the entire market downward in a short period of time, requests for withdrawals on exchanges …

The U.S. based crypto exchange Kraken has appointed Marco Santori as the company’s new chief legal officer (CLO), according to an announcement shared with Cointelegraph on April 6th. Santori’s background in crypto law Santori is known for his work in litigating, advising and creating new laws in the crypto industry. Among his professional experience, Kraken’s new CLO worked for Blockchain.com as President, in addition to being part of the Cooley LLP and Pillsbury Winthrop team. He is also an advisor to the International Monetary Fund, the blockchain ambassador to the State of Delaware, and the chairman of the Regulatory Affairs …

A user poll conducted by Kraken has revealed that most traders are expecting Bitcoin (BTC) to break into new all-time highs before 2021. The poll analyzed the responses of 400 “VIP” crypto traders on Kraken: 41% of respondents described themselves as “investors”, 40% identified as “traders”, and 15% as “institutions” — with the remaining 4% comprising payment processors, crypto exchanges and miners. 84% of respondents manage less than $10 million in capital, while 11% manage between $10 million and $50 million. The remaining 6% is divided evenly between traders managing from $50 million to $100 million and traders mobilizing more …