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Jeffrey Wilcke, one of Ethereum’s (ETH) original co-founders, has executed a major transaction, transferring over $260 million, a move that could trigger volatility in the asset. Wilcke moved 105,737 ETH, worth approximately $262 million, to the Kraken cryptocurrency exchange, representing nearly all of his Ethereum holdings, according to on-chain data retrieved by Finbold from Arkham Intel on May 20. Jeffrey Wilcke ETH transactions. Source: Arkham Intel Historically, large transfers, mainly from insiders to centralized exchanges, have preceded increased market volatility.  Wilcke has made similar moves before, notably on November 28, 2024, when he deposited ETH to Kraken while the token traded at $3,625. Possible ETH price volatility  The timing of this deposit comes as Ethereum remains one of the best-performing digital assets in recent weeks, supported by broader market sentiment and renewed investor confidence following network upgrades....

The Ethereum Foundation recently faced criticism regarding its preparation for a nearly $100 million Ethereum (ETH) sale on Kraken. Meanwhile, Vitalik Buterin moved $10 million worth of ETH to a new crypto wallet in August, partially trading it for USDC. Lookonchain spotted the activity from Vitalik Buterin’s registered Ethereum Name Service (ENS) domain ‘vitalik.eth‘. As posted on X, Ethereum’s creator sent 800 ETH, worth $2.01 million, to a multisig wallet on August 29. These wallets are usually managed by more than one person, requiring multiple signatures before spending their funds. vitalik.eth(@VitalikButerin) transferred 800 $ETH($2.01M) to a multisig wallet again 40 minutes ago. The multisig wallet swapped 190 $ETH for 477K $USDC later. On Aug 9, #Vitalik also transferred 3,000 $ETH($8.04M) to this multisig wallet.https://t.co/81Vf39bvbL pic.twitter.com/6IlwtcqvPg — Lookonchain (@lookonchain) August 30, 2024 Interestingly, the ...

Kraken is exploring all options to continue offering USDT for EU customers. Mark Greenberg, Kraken’s Global Head of Asset Growth and Management, confirmed this via a post on X. Kraken is not looking to end support for Tether (USDT) in the European Union, a company official has confirmed. A Bloomberg report on Friday stated that Kraken was “actively reviewing” plans to end support for the stablecoin in the EU . The exchange’s apparent position related to upcoming implementation of the Markets in Crypto Assets (MiCA) regulations, according to an official.  Kraken to continue offering USDT for EU customers Mark Greenberg, Kraken’s Global Head of Asset Growth and Management, has now provided an update on the matter. He commented on the issue on Saturday. In a post on X, Greenberg said the exchange has no plans to delist Tether. He also emphasised USDT’s role and importance as the world’s largest stablecoin to Kr...

Cryptocurrency exchange Kraken, facing charges from the U.S. Securities and Exchange Commission (SEC), will fight the regulator and respond to the complaint in court. As the company’s chief legal officer (CLO) Marco Santori told CNBC, the legal battle with the SEC could take several months. “The SEC alleges that… Kraken is an exchange clearing house and broker-dealer for investment contracts. None of those things exist… there’s no such thing… it’s entirely and hollow made up by the agency, and so we disagree.” Marco Santori, Kraken CLO According to Santori, the regulator’s actions are bad policy. He noted that other countries are creating regulatory frameworks that are “fit for purpose” for digital asset companies. In doing so, the cryptocurrency exchange will not avoid regulation, but rather is asking for a legal framework “that makes sense for the crypto ecosystem.” According to Santori, Ripple’s victory in court with the SEC in July set a real precedent. Du...

SEC has filed a lawsuit against Kraken. The SEC is alleging that the exchange has been conducting unregistered operations. Kraken is also accused of fund commingling. In a recent development, the US Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken, adding it to the list of platforms facing accusations of operating without proper registration as securities businesses in the United States. The SEC alleges that Kraken engaged in unregistered activities, operating as an unregistered broker, clearing agency, and dealer. The federal regulator claims that Kraken traded numerous tokens deemed SEC urities without complying with federal SEC urities laws. The lawsuit identifies specific tokens, including Algorand (ALGO), Polygon (MATIC), and NEAR Protocol (NEAR), as unregistered securities that Kraken traded. The SEC contends that Kraken played a direct role in promoting these tokens to the investing public. Fun...

Crypto trading platforms Kraken and BitMEX topped the proof-of-reserves score list, while Binance received a low score for being incomplete. Bitcoin advocate Nic Carter has released an in-depth analysis of centralized exchange proof-of-reserves and ranked the attestations provided by some of the most prominent crypto trading platforms in the space.  Carter published a detailed examination of the quality of several exchanges’ proof-of-reserves (PoR). The crypto executive used parameters such as attestation to assets held and a disclosure of liabilities, incorporating a third-party auditor, demonstrating credibility by taking a PoR for all assets and committing to an ongoing procedure to determine which PoRs are of the best quality.  PoR scores of crypto exchanges. Source: Medium Crypto trading platforms Kraken and BitMEX topped the list. According to Carter, Kraken, which employed Armanino for its proof -of -reserves , gives clients a "good level of confidence" that there ar...