WEF 2022: Terra were offering unsustainable yields; DeFi can support financial inclusion

Industry experts share insights and commentary with Cointelegraph on the first day of the Blockchain Hub 2022 conference in Davos, Switzerland. Reporting from the inaugural day of the Blockchain Hub Davos 2022 conference, Cointelegraph’s editor-in-chief, Kristina Lucrezia Cornèr hosted a panel discussion centered around decentralized finance (DeFi) titled "Programmable Money is Here — and It’s Changing the World as We Know It."Panelists included chief partnership officer of SwissBorg, Alexander Fazel; Global Markets lead of Kraken Europe, Lucian Aguilar; co-founder and CEO of CasperLabs, Mrinal Monahar; and managing partner of Coral Capital, Patrick Horsman.In the opening remarks, Aguilar reflected upon his attendance of the event two years ago, assessing the differences in receptiveness and attitude to crypto.

Bitcoin Held on Trading Platforms Continues to Drop Lower, Over 68% of the Total Held by 5 Exchanges

Amid the market carnage tied to Terra’s recent fallout, bitcoin sent to exchanges saw a brief spike on May 7, jumping more than 2% higher from 2.481 million to 2.532 million bitcoin.

Kraken’s Dan Held Says Bitcoin (BTC) Supercycle Still in Play – Here’s Why

Kraken director of growth marketing Dan Held says the Bitcoin (BTC) supercycle theory that he first put forward in 2019 still holds water.

Kraken Exchange Opens Waiting List for its NFT Platform

American digital currency trading platform Kraken has announced the waitlist for its NFT marketplace or platform.

Waitlist Launches For Kraken NFT, Which Promises Zero Gas Fees

Additionally, Kraken NFT’s built-in rarity tools mean users won’t require a third-party site to verify items.

Kraken NFT marketplace opens waitlist for beta

According to the exchange, users will not incur any gas fees for trading NFTs custodied with Kraken — only transferring tokens and NFTs off the platform. Crypto exchange Kraken has opened a waitlist for its nonfungible token, or NFT, marketplace in beta more than four months after CEO Jesse Powell announced the initiative.In a Tuesday blog post, Kraken said it had opened the waitlist for its marketplace, which will allow users to buy and sell NFTs and reportedly, use tokens as collateral for loans.

Kraken Becomes First Global Crypto Exchange Fully Licensed by Abu Dhabi Global Market

Abu Dhabi Global Market has awarded a full financial license to crypto exchange Kraken.

Crypto Exchange Kraken to Launch in UAE

US-based cryptocurrency exchange Kraken expands to the UAE, and open an office in Abu Dhabi.

Crypto Exchanges Compete for Middle East As Kraken Receives License To Operate in United Arab Emirates

US-based crypto exchange Kraken is receiving a license to operate a virtual assets platform in the United Arab Emirates (UAE).

Kraken crosses new frontier after Abu Dhabi GM grants crypto trading license

Kraken, one of the world's largest cryptocurrency exchanges, has been granted a crypto-trading license by the Abu Dhabi Global Market (ADGM).

Kraken awarded crypto trading license in the United Arab Emirates

With the new operational license in Abu Dhabi, Kraken aims to provide access to global liquidity to local investors via dirham (AED) trading pairs. Californian crypto exchange Kraken becomes the second virtual asset platform after Binance to receive regulatory approval to operate in the Abu Dhabi international financial center and free zone, Abu Dhabi Global Market (ADGM).In a CNBC interview, Kraken’s managing director Curtis Ting explains the importance of diversifying trading pairs to local currencies instead using the traditionally available US dollar or British pounds in global markets.

Kraken Obtains License to Operate in Abu Dhabi: Report

The number of cryptocurrency exchanges with a license to operate in the Emirates continues to increase, with the latest edition being Kraken.

Kraken’s Curtis Ting Believes There’s a ‘Special Place in Hell’ for Crypto Fraudsters

Despite Kraken's security policy, scammers are inventive and could con the vulnerable and elderly investors, Curtis Ting alerted.

Kraken Shuts Down San Francisco-based HQ, Blaming for Local Safety

Kraken, the first cryptocurrency exchange to become a bank in the US, has shut down its headquarters in San Francisco on grounds, that blaming local safety is hard to run a business.

Derivatives Exchange Giant CME Group Adds 11 New Cryptocurrency Reference Rates

Global markets company and Chicago-based derivatives exchange CME Group plans to launch 11 new reference rates tied to specific crypto assets.

Kraken Shuts Down its Headquarter in San Francisco

Kraken closes its San Francisco-based headquarter due to safety concern, said the CEO.

Kraken shuts down global headquarters as 'San Francisco is not safe'

In a Tweet, Kraken CEO Jesse Powell has made the decision to close the Kraken global headquarters in San Francisco.

Cardano (ADA) Prospects Are Bright Based on This Metric – But There’s a Catch: Crypto Exchange Kraken

Crypto exchange Kraken says that two on-chain metrics measuring demand for digital assets suggest a bullish outlook for Cardano (ADA).

Light Speed: Kraken, Another Giant Exchange Integrates The Lightning Network

This is huge! Kraken now supports Lightning Network deposits and withdrawals.

Kraken users report Bitcoin Lightning Network availability

Kraken was previously aiming to implement the BItcoin Lightning Network in 2021 after officially announcing the plan in late 2020. Major American cryptocurrency exchange Kraken reportedly started implementing the Bitcoin (BTC) Lightning Network for users a bit later than the firm originally planned.Bitcoin maximalist Mr.Hodl took to Twitter on Wednesday to report that Kraken has implemented the Lightning Network. He attached a screenshot of the supposed new Kraken withdrawal process allowing users to complete a withdrawal request from a Lightning wallet to receive BTC from their accounts.“The Lightning network runs on top of the Bitcoin blockchain to enable more uses of Bitcoin,” Kraken’s withdrawal notice on the screenshot reads.It's official! @krakenfx has implemented the Lightning Network.

Crypto Exchanges Facing 'Fork in the Road' Over Russia Sanctions - London Stock Exchange Group CEO

  Amid the West’s intensifying efforts to punish Russia’s authorities for their invasion of Ukraine, crypto exchanges are facing long-term damage to their industry if they decide to remain active in the Russian market, according to David Schwimmer, CEO of the London Stock Exchange Group....Read More: Crypto Exchanges Facing 'Fork in the Road' Over Russia Sanctions - London Stock Exchange Group CEO

Bitcoin stealing malware: Bitter reminder for crypto users to stay vigilant

A Bitcoin user was tricked into sending 0.255 Bitcoin to the wrong address due to malware running on their computer.

Crypto Exchange Kraken Pledges Over $10 Million to Support Ukrainian Users

Kraken is planning to hand out more than $10 million in aid for clients affected by the military conflict in Ukraine.

Kraken to Distribute USD 10M to Ukrainian Clients, Total Donations 'Close to USD 100M'

  United States-based crypto exchange Kraken has announced an "ambitious aid package" aiming to distribute USD 10m in bitcoin (BTC) to its Ukrainian clients.

Kraken to Give Away Over $10 Million Worth of Bitcoin to Ukrainian Citizens

The American digital asset trading venue Kraken will donate $1,000 in BTC to affected Ukrainian residents.

Tracked crypto donations to Ukraine surge to $108M as Kraken, Bored Ape joins in

Two weeks into the Russo-Ukrainian War, donations continue to pour in from generous blockchain enthusiasts worldwide.

Cointelli Makes It Easy to Report Coinbase, Binance, and Kraken Transactions to the IRS

Many crypto exchanges send tax forms to the IRS, each with their own list of supported tokens and info that doesn’t necessarily match up.

Kraken Issues Warning to Ethereum Investors, Says ETH Sell-Side Pressure Trending Higher

Top crypto exchange Kraken is warning Ethereum (ETH) investors that some on-chain metrics are suggesting further downside pressure on the second-biggest digital asset by market cap.

CEXs refuse blanket asset freeze of all Russian users, though questions linger

If Western sanctions ramp up, CEXs may be forced to ban all Russian users from using their services, as they have previous done in Iran. Centralized exchanges (CEX) and CEOs from companies such as Binance, Coinbase and Kraken have all stated they would only freeze the assets of Russian clients specifically targeted by Western sanctions — not that of everyday Russian users.A few days prior, Mykhailo Fedorov, Ukraine’s minister of digital transformation, had called for “all major crypto exchanges to block [wallet] addresses of Russians” and “also to sabotage ordinary users [by freezing their assets].” In explaining why he was not preemptively banning all Russians (though, Coinbase is not available in Russia), Brian Armstrong, CEO of Coinbase, specifically wrote: “We believe everyone deserves access to basic financial services unless the law says otherwise.

Russian Oligarchs Unlikely to Use Crypto to Dodge Sanctions - Coinbase CEO

  The heads of some of the world’s biggest centralized crypto exchanges (CEXes) have hit back against critics who claim crypto could be used by Russian oligarchs attempting to evade Western sanctions.