David Shuttleworth’s Post

In a VERY challenging 💪 macro & regulatory environment Kraken Digital Asset Exchange was the ONLY crypto trading platform in the U.S. 🇺🇸 that saw its market depth increase on a year-to-date (YTD) basis. 🦑 #trading #cryptocurrency #macro #LifeatKraken

News: Kraken Plans To Enter The World Of Stock Trading According to a recent report, the crypto exchange aims to launch this new venture next year, as disclosed by an individual familiar with the intentions of the company. A Kraken spokesperson stated that the exchange is continually exploring ways to support the widespread adoption of cryptocurrencies, and that while the company cannot comment on speculations or rumors, plenty of work is being done to expand and improve pre-existing offerings. The report also indicated that the expansion into US-listed stocks and ETFs would be accessible in both the United States and the United Kingdom. Eligible customers will be able to activate this service, enabling them to access a combination of cryptocurrencies, stocks, and ETFs. Kraken has pursued the necessary regulatory approvals in the UK and has reportedly applied for a broker-dealer license with the Financial Industry Regulatory Authority (FINRA) in the United States. The reported expansion into US stocks coincides with Kraken wanting to extend its presence in Europe. The exchange recently obtained an EU e-money institution license via the Central Bank of Ireland and a virtual assets services provider license by the Bank of Spain, indicating its commitment to becoming a part of the thriving local fintech sectors in both countries and its broader investments in Europe. #cryptonews #cryptocurrencies #cryptonewsdaily #cryptocurrency #cryptocurrencynews #unitedstates #europe #fintech #kraken #cryptoexchange #investment #trading #cryptotrading

Market makers in the crypto industry have encountered a tumultuous year. Factors such as diminishing trading volumes, uncertain regulations across multiple regions, and mounting concerns over exchange counterparty risks have been significant challenges," observed Richard Galvin, co-founder of Digital Asset Capital Management in a Bloomberg article. However, the recent upswing in Bitcoin, increased trading volumes by nearly 16%, provides a glimmer of hope for these market participants. One year following the collapse of Alameda Research, a pivotal trading firm within Sam Bankman-Fried's crypto venture, the digital asset market-making sector remains on a hard path to recovery. Despite the recent surge in Bitcoin's value, trading volumes are still far from reaching their pre-crypto winter peaks. While this month has shown a positive shift, it's noteworthy that volumes are still 50% below the levels witnessed prior to the bankruptcy of Bankman-Fried's FTX exchange in November 2022, according to data from CCData. #marketmaking #cryptotrading #alternativeinvestments #crypto Unfornuantly his article requires a subscription or payment to access. https://lnkd.in/er3wDRav

🚨 Urgent Crypto Market Update: TUSD Stablecoin Depegging & Ongoing Investigations! 🚨Please SHARE! 🔎 The crypto world is facing turbulent times. TUSD, a significant stablecoin, has depegged, creating uncertainty in the market. This situation is compounded by ongoing investigations into Justin Sun, the founder of Tron, and his affiliations with Huobi and Poloniex - He hacked his own exchanges anonymously to siphon funds. 💥 What's Happening: There are allegations of potential fraudulent activities and concerns about the stability of crypto assets linked to these entities. Speculation is rife that Tron might be sold to re-peg TUSD, similar to past strategies used by other organizations like the Luna Foundation Guard. 🔗 The Link to Justin Sun: Amidst these challenges, Justin Sun's role and actions are under scrutiny, especially considering the potential impacts on the Tron ecosystem and the broader crypto market. 🚦 Investor Caution Advised: Given these developments, it's crucial for investors to stay vigilant and informed. Market volatility might increase, and the stability of related assets could be affected. 📢 Stay Updated & Safe: We urge the community to keep an eye on this evolving situation and base decisions on comprehensive research and reliable updates. #TUSD #StablecoinCrisis #CryptoInvestigation #JustinSun #Tron #CryptoAlert #TUSD #Stablecoin #CryptoNews #JustinSun #Tron #MarketAlert

#Binance #Binance #BNB #spottradingpairs #TrueUSD Binance Announces Delisting of BNB And TUSD Spot Trading Pairs: Recent actions taken by Binance include the delisting of a number of spot trading pairs that quote in BNB and TUSD. Binance, the preeminent cryptocurrency exchange, has declared the elimination of several spot trading pairs in an effort to preserve market quality and safeguard its users. As quote currencies, the delisting impacts spot trading pairs […] The post Binance Announces Delisting of BNB And TUSD Spot Trading Pairs appeared first on Coinscreed.

Attention Crypto Enthusiasts in Europe! 🌍 Crypto exchange Kraken is making headlines once again, and this time, it's about their stance on Tether (USDT)! Despite recent speculation, Kraken has firmly declared that they have 'no plans' to delist USDT in Europe. Mark Greenberg, Kraken's global head of asset growth and management, reassures the community, stating, "[Kraken] continues to list USDT in Europe and we have no plans to delist at this time." Kraken remains dedicated to compliance, emphasizing their commitment to adhere to all legal requirements, even if there are disagreements. As the EU's Markets in Crypto Assets Regulation (MiCA) framework looms, Kraken is actively strategizing to ensure they can provide the best service to their European customers. While some competitors have taken steps to delist USDT in Europe, Kraken stands firm, focusing on providing a wide range of stablecoins and expanding their services across the continent. With their recent achievements in Spain, the Netherlands, and Ireland, including securing virtual asset service provider registration and an electronic money institution license, Kraken continues to solidify its position as a leading crypto exchange in Europe. Stay tuned for more updates from the dynamic world of crypto, and remember, Kraken has your back! Visit bankto.io #Kraken #CryptoNews #USDT #EuropeCrypto #MiCA #Stablecoins #Cryptocurrency

🗞️#ChatGPT now has web browsing capabilities, providing current and authoritative information with direct source links. Available immediately for Plus and Enterprise users with #GPT4, and soon for other users. 🗞️#Kraken plans to offer trading services for U.S. stocks and ETFs in 2024 via Kraken Securities. Expansion requires licensing from the Financial Industry Regulatory Authority (FINRA) and UK financial regulators, which Kraken reportedly already holds. 🗞️#Coinbase CEO Brian Armstrong condemns JPMorgan's Chase UK subsidiary for restricting crypto-related transactions, calling it "totally inappropriate." #armstrong urges U.K. #crypto holders to close their accounts and calls on U.K. officials to investigate Chase UK's actions. 🗞️#Bloomberg analysts suggest that #ethereum futures ETFs could start trading in the U.S. as early as next week. The U.S. SEC aims to accelerate the launch of Ether futures ETFs before a potential government shutdown. #cryptocurrency #CryptoNews #BitcoinETF #ethereum #ether #Bitcoin #Binance #Coinbase #cryptotrading Source: Cointelegraph, Bloomberg. Diversified Crypto baskets & packs curated to cater to your risk appetite www.koinbasket.com

Crypto Exchange Kraken Plans to Offer Trading in US-Listed Stocks 🚀 Crypto exchange Kraken is reportedly looking to expand into the traditional financial markets. According to a Bloomberg report, Kraken plans to offer trading in US-listed stocks and exchange-traded funds in the US and UK through a service built by a new division called Kraken Securities. The new service, which is expected to launch in 2024, reportedly already holds the required regulatory permits in the UK and has applied with the Financial Industry Regulatory Authority for a broker-dealer license in the US. A Kraken spokesperson addressed the report stating, “Kraken is always exploring how it can power the global adoption of cryptocurrencies. While we can’t comment on the rumours or speculation, we’re looking to broaden and enhance our offering so clients continue to have secure and seamless access to Kraken’s full product suite.” #kraken #bitcoin #blockchain #ethereum #fintech #wealthmanagement https://lnkd.in/euJDEyZn

'Update Yourself' Week #7 2024 BW3's weekly curated news and developments across Web3 industry February 12-16 [Mon - Fri] ➡ full post here: https://t.ly/ZvnT9 Here is what caught my eye this week. Overview: ⦿ More New Ethereum Validators Pouring In ⦿ Franklin Templeton Enters the Chat (Spot Ethereum ETF) ⦿ Gnosis Chain Hardfork Ahead of #Dencun Upgrade ⦿ Magic Eden Go-Live on 27th of February ⦿ Polygon Labs & Toposware Solution Makes Any EVM Chains Into Zero- Knowledge L2s ⦿ CoW DAO Launches a New AMM Type for LP Protection ⦿ SushiSwap Introduces SUSA on LayerN ⦿ Telefonica Integrates Chainlink Labs and Forms Strategic Alliance ⦿ TRON Announces Its #Bitcoin Layer 2 Solution and Road Map ⦿ Liquity Protocol Introduces New Form of CDPs ⦿ Uniswap Foundation Eyes Q3 2024 for its Uniswap V4 Launch ⦿ Attacks on #Bitcoin and Ethereum Not Worth It ⦿ Stablecoins to Strengthen US Dollar as World’s Reserve Currency ⦿ Tether.to Under Likely Future Influence of US OFAC ➡ full post here: https://t.ly/ZvnT9 #web3 #stablecoins #regulation #investment #network #security #strategy #uniswap #blockchain #ethereumnews #ethereum #tokens #news #amm #dex #defi #chainlink #tron

The first phase of the EU's MiCA took effect end of June. This phase is mostly about stablecoins used in crypto exchanges. Circle's Circle’s USDC and EURC are the only compliant stablecoins in the EU. However, most service providers, including Kraken Europe, have not delisted USDT. The situation is a test of the EU's ability to enforce MiCA, and how Tether approaches regulations in Europe, and other jurisdictions in the future. More here: https://lnkd.in/e2kUBQg4 #MiCA #stablecoins Kraken Digital Asset Exchange Tether.io Circle