We are pleased to announce that Kraken has filed a pre-registration undertaking (PRU) with the Ontario Securities Commission. This PRU is a step on the road to becoming registered as a Restricted Dealer across Canada and demonstrates our commitment to following the Canadian Securities Administrators’ recently enhanced investor protection guidance for crypto exchanges. Given the additional work required to obtain…
Month: April 2023
Will Shiba Inu tail Dogecoin’s price rally?
The price of Shiba Inu (SHIB) increased over 10% in a day amid broader upside moves across meme cryptocurrencies in the past 24 hours. But will SHIB price rally further SHIB price tails Dogecoin’s gains On April 4, SHIB’s price reached $0.00001159 a day after rebounding from its local low of $0.00001049 — a 10.5% increase. Still, the meme-token underperformed…
Banking crisis could spark the first ‘extended duration Bitcoin bull market,’ says Swan Bitcoin CEO
The latest banking crisis could lead to “the first-ever extended duration bull market” for Bitcoin (BTC), according to Swan Bitcoin CEO Cory Klippsten. In an interview with Cointelegraph, Klippsten pointed out that far more people today know about Bitcoin as a tool to opt out of the traditional financial system than during the previous banking crisis, which engulfed Cyprus in…
DOGE up 30%, Following Twitter Logo Change – Market Updates Bitcoin News
Dogecoin continued to trade close to a four-month high on Tuesday, following a 30% price surge to start the week. The rally came after Twitter changed its logo from the traditional blue bird, to a cartoon picture of Doge. Shiba inu was also higher, as it moved to a multi-week high. Dogecoin (DOGE) Dogecoin (DOGE) was one of today’s biggest…
12 ways ecosystem projects can attract more developers
The ecosystem concept is unique to (and uniquely suited to) the crypto industry. These synergistic communities offer a network where participants can benefit from each other’s work and progress while building an ever-stronger foundation. A recent study found there were more than 18,000 active Web3 developers and pinpointed the ecosystems having the most success attracting new developers. So what do…
Crypto exchange backed by 3AC founders launches with claims trading plans
Su Zhu and Kyle Davies, founders of the collapsed hedge fund Three Arrows Capital (3AC), have announced the launch of the crypto project Open Exchange, or OPNX. Both Zhu and Davies retweeted the April 4 launch announcement from OPNX chief executive officer Leslie Lamb, who said the exchange was open to “trade spot and futures immediately.” According to the CEO,…
Remember POGs? They’re Back—in Ethereum NFT Form
The mid-‘90s playground sensation is back in action: POGs are making a comeback, this time pairing the physical milk caps and slammers with NFT discs and an online game. POGs first entered Web3 about a year ago, first launching on the Solana blockchain with a handful of collections, including digital collectibles featuring Solana’s Okay Bears project. But this week, POGs…
Rogue Validator Exploits MEV Bots on Ethereum, Resulting in $25.3M in Crypto Losses – Bitcoin News
On April 3, 2023, at Ethereum block height 16,964,664, a group of MEV (Maximal Extractable Value) bots were exploited for $25.3 million. An analysis of the exploit revealed that a renegade validator switched the MEV bots’ transactions and seized various crypto tokens, such as 7,460 wrapped ether and 64 wrapped bitcoin. While the Mechanisms Behind MEV Bots Boost Profit, They…
Number of Crypto Hacks, Scams Jumped 192% Year-Over-Year, Reports Immunefi
The number of attacks in the crypto industry has risen 192% year-over-year from 25 to 73 this past quarter, per research from Immunefi. Despite this hefty rise, the total amount of money lost is actually down by 64.4%—likely due to market conditions. Immunefi assessed the total amount of crypto funds lost by the community due to hacks and scams by…
Why is this African country using BTC? – Cointelegraph Magazine
Dakar, the capital of the West African nation of Senegal, now boasts an annual Pan-African Bitcoin conference, over 10 merchants accepting Bitcoin, a local peer-to-peer BTC exchange and a budding Bitcoin community. What’s more, the speed at which Bitcoin’s progress is unwinding is staggering. The city hosted the DakarBTC Days conference just 10 months after the country’s first “in real…