Ethereum (ETH) co-founder and core developer, Jeffrey Wilcke, has reportedly sent 92,000 ETH ($11.5 million) to U.S. cryptocurrency exchange Kraken on Dec. 25. While Cointelegraph reported early today about concerns that Ethereum co-founder Vitalik Buterin could be planning to sell $25 million worth of the cryptocurrency, a tweet sent by Jeffrey Wilcke indicates otherwise. Source Twitter Wilcke, whose GitHub shows he is the co-founder of Grid Games, made the claim that he needs the money to fund his game. The proof is in the blockchain In addition to Wilcke’s tweet, sources show that an ETH address registering the name of …

A former employee of United States-based cryptocurrency exchange Kraken initiated legal proceedings against the company in connection with a breach of contract and sanctions violations, among other issues. Per a court document filed on Nov. 26, Nathan Peter Runyon — a marine wartime veteran and ex-employee of Kraken, where he served as a financial analyst under the exchange’s chief financial officer Kaiser Ng — brought the case to court accusing the company and Ng of an array of legal violations and falsifications. A range of accusations Specifically, Runyon accused Kraken of unethical and illegal business tactics, defrauding employees over their …

The deadline is rapidly approaching. 5AMLD — the Fifth Anti-Money Laundering Directive — is a piece of legislation that brings fiat-to-crypto exchanges and custodial wallets across the European Union under a new first-of-its-kind regulatory framework. Exchanges must achieve compliance with the rules by January 10, 2020. Time is ticking away, causing some exchanges to scramble, while others stand ready to roll out compliance procedures. David Carlisle knows a thing or two about crypto and regulations. As former United States Treasury Anti-Money Laundering (AML) specialist and the current Head of Community at the blockchain analytics provider Elliptic, Carlisle has inside knowledge …

San Francisco-based cryptocurrency exchange Kraken announced that it has acquired Circle’s over-the-counter (OTC) desk. In a Dec. 17 blog post, Kraken said that the company has bought “one of the most recognized OTC desks in crypto.” Circle co-founders Sean Neville and Jeremy Allaire confirmed the sale of the Circle Trade OTC business to Kraken, saying: “We have known and admired Jesse and his team at Kraken for many years, and we have every confidence and expectation that Circle Trade customers and partners will continue to find best-in-class OTC liquidity service and responsiveness through Kraken going forward. Circle Trade represents an …

Cryptocurrency exchange Kraken is launching support for Tezos (XTZ) staking, according to an announcement published on Dec. 11. Starting on Dec 13., Kraken will enable its users to trade with XTZ and obtain instant financial rewards. To begin staking XTZ, users have to put the cryptocurrency into their Kraken Staking Wallet, but already having XTZ in their Spot Wallet. Those users who stake XTZ will reportedly receive a 6% return annually, with rewards paid two times a week. Kraken further notes that staked tokens are inaccessible for trading or withdrawal. Kraken confirmed to Cointelegraph that the exchange is looking to …

San Francisco-based cryptocurrency exchange Kraken is adding support for its latest fiat asset, the Swiss franc (CHF). According to a blog post on Dec. 5, Kraken said that in collaboration with Liechtenstein-based Bank Frick, the Swiss franc will join the roster of fiat currencies that Kraken already supports, namely the United States dollar (USD), the Canadian dollar (CAD), the euro (EUR), the British pound sterling (GBP), and the Japanese yen (JPY). The Kraken team further revealed that CHF trading begins on Friday, Dec. 6, and that it will roll out trading pairs between the Swiss franc and Bitcoin (BTC) and …

Kraken, one of the largest and oldest Bitcoin (BTC) exchanges in the world, has joined the Silvergate Exchange Network (SEN). By joining SEN, the United States-based cryptocurrency exchange enables its clients to deposit and withdraw U.S. dollars from Silvergate accounts with no fees, the firm announced Nov. 27. According to the announcement, the depositing process will be different based on whether Kraken users have a Silvergate account. If they have an account at Silvergate, Kraken users will simply have to enable SEN funding on their Kraken account before using the option. Those who do not have a Silvergate account will …

San Francisco-based cryptocurrency exchange Kraken announced that it is introducing a mobile version of its Kraken Future trading app. New opportunities for futures trading On Nov. 21, Kraken announced on its blog that it is launching a mobile app version of Kraken Futures, which was created earlier this year after acquiring Cryptofacilities and was previously only available on a web browser. The app will be available on both the iOS and Android platforms. According to its website, Kraken Futures is a professional trading platform for derivatives on digital assets, where traders can long and short digital assets with up to …

OKEx, the world’s fifth-largest crypto exchange, announced on Oct. 29 plans to launch Tether (USDT) futures trading, featuring a linear contract with leverage of up to 100x. Stablecoin futures, the exchange said, offer a simpler and more efficient means to navigate the market, and could open the door for many new retail traders. Related: Bitfinex Cries Fraud as Crypto Capital Executive Indicted by US This news prompted a few murmurs. Stablecoin provider Tether, after all, has been the subject of some unsettling news stories, as Cointelegraph recently reported. Is USDT broken? Kevin Batteh, who serves as the Chamber of Digital …

San Francisco-based cryptocurrency exchange Kraken is listing OmiseGO (OMG) and PAX Gold (PAXG) tokens. According to a blog post on Oct. 28, the exchange’s users will be able to deposit, withdraw and trade both assets starting Oct. 29. Kraken will roll out trading pairs between OMG and PAXG and Bitcoin (BTC) and Ether (ETH), as well as with fiat currencies such as the euro and the U.S. dollar. OmiseGO is a finance-oriented scaling network for Ethereum and is powered by the Ethereum-based OMG token. At press time, OMG has a market capitalization of around $150 million and is trading at …

Major cryptocurrency exchange Kraken made its WebSockets private Application Program Interface (API) available for all Kraken clients. On Oct. 24, Kraken reported on its blog that the first two messages of the private API have gone live to all of its clients after being in beta mode since the beginning of October. The new functionalities The crypto exchange advertises WebSockets as providing a faster, more efficient interface for those clients who build software applications for trading and accessing Kraken’s market data. In order for Kraken clients to subscribe to a WebSocket private feed, the client must first request an authentication …

Global wash trading on cryptocurrency markets was down by more than 35% in September, according to the latest surveillance report from the Blockchain Transparency Institute (BTI). Kraken, Poloniex, Coinbase and Upbit are still the “cleanest” platforms According to the report, global wash trading was reduced by 35.7% among the exchanges on the institute’s top 40 listings. Wash trading refers to a practice where sell and buy orders are simultaneously placed on the same asset to artificially inflate trading volumes while giving the impression that the asset is more in demand than it actually is. The practice is illegal on regulated …