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Showing 1 - 10 of 11 results for "Kraken"

FTX creditors await US$5bn distribution

KARREN VERGARA  |  FRIDAY, 16 MAY 2025
... creditors starting May 30. The proceeds will be distributed via the FTX Recovery Trust to eligible creditors either on BitGo or Kraken. This is the second round of distributions made by FTX, which made its first round in early 2025 for amounts less than ...

TPG co-founder David Bonderman dies

JAMIE WILLIAMSON  |  FRIDAY, 13 DEC 2024
... founder of Wildcat Capital Management, the Bonderman family office, and owner of National Hockey League franchise the Seattle Kraken. Born in 1942, Bonderman founded TPG in 1993 alongside Jim Coulter and Bill Price. Its first investment was Continental ...

Crypto operator to fork out millions after court ruling

ANDREW MCKEAN  |  FRIDAY, 13 DEC 2024
Bit Trade, the operator of the Kraken Exchange in Australia, has been slapped with an $8 million fine for "unlawfully issuing a credit facility to more than 1100 customers." Bit Trade offered a "margin extension" product, which allowed payments to be ...

ASIC wins case against crypto exchange Kraken

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
ASIC has won its case against Bit Trade, the operator of Kraken in Australia, after the crypto exchange was found to have not complied with design and distribution obligations when offering a margin trading product to its customers. Bit Trade's ...

Kraken expands custody solution to Australia

ELIZA BAVIN  |  FRIDAY, 19 JUL 2024
Kraken Institutional will expand in Australia and the UK to offer institutional clients access to its custody solution. The cryptocurrency exchange said eligible investors in the UK or Australia can store, manage, and transfer crypto assets in Kraken ...

Bitcoin hits fresh high as investors await halving event

ELIZA BAVIN  |  WEDNESDAY, 13 MAR 2024
... blocks and halves the reward Bitcoin miners get. This system ensures a supply cap of 21 million Bitcoin. Jonathon Miller, Kraken Australia managing director, said optimism around crypto is likely only going to grow. "Optimism around Bitcoin is being ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
The Securities and Exchange Commission (SEC) has charged Kraken Crypto Exchange for operating its trading platform as an unregistered securities exchange, broker, dealer, and clearing agency. According to the SEC, Kraken has made hundreds of millions ...

Crypto exchanges to obey financial services rulebook

ANDREW MCKEAN  |  MONDAY, 16 OCT 2023
... said. "It's imperative the country keeps pace with our international peers, with a robust regulatory framework." However, Kraken Australia managing director Jonathon Miller outlined concern regarding the regulation potentially ignoring nuances of technology ...

ASIC takes legal action against crypto exchange

ANDREW MCKEAN  |  THURSDAY, 21 SEP 2023
ASIC has commenced civil penalty proceedings against Bit Trade, provider of crypto exchange Kraken, following alleged failures to adhere to design and distribution obligations for margin products offered to Australian customers. Since the introduction ...

Superhero offers access to Bitcoin ETF

ELIZABETH MCARTHUR  |  THURSDAY, 21 OCT 2021
... the first day. Valkyrie and Jacobi Asset Management also recently received regulatory go-ahead for Bitcoin ETFs. However, Kraken managing director for Australia Jonathan Miller noted the ProShares and Valkyrie ETFs hold Bitcoin futures - not spot Bitcoin. ...
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