Kraken


Finance

RIT Capital Partners Acquires Stake in US Crypto Exchange Kraken

Terms have not been disclosed although the investment was disclosed to investors during a webinar in March.

Kraken co-founder and CEO Jesse Powell

Tech

Kraken's First Brink Grant Goes to Bitcoin Rust Developer

Last year was a watershed year for open-source Bitcoin grants; 2021 is on track to outmatch it.

Kraken dev grant

Videos

A Bitcoin Will Be Worth a Bugatti by 2022, Says Kraken CEO

Jesse Powell, CEO of Kraken, told Bloomberg that a bitcoin will be equivalent to the price of a Bugatti by 2022. Considering the cheapest Bugatti goes for over $1.5M, Powell is beyond bullish on bitcoin. "The Hash" panel debates.

Recent Videos

Markets

Canadian Property Firm Buys Bitcoin in Hopes of Eventually Scrapping Condo Fees

The firm bought 0.4 bitcoin and plans to buy more every month.

canadian flags

Markets

Kraken Considering a Stock Market Debut Next Year: Report

Competitors Coinbase and eToro are already barreling toward multi-billion dollar listings on the public markets.

Kraken CEO Jesse Powell

Markets

What Causes a Crypto Flash Crash? Sometimes, Business as Usual

What was behind the Ethereum flash crash on Kraken? We dive deep into the numbers to find out.

ship-wreck

Markets

Kraken CEO Says He'd Only Want to Go Public at a Valuation Above $10B

"We are certainly on track, though $10 billion dollars is a low valuation," said Powell. "I wouldn't be interested in issuing shares at that price."

Kraken co-founder and CEO Jesse Powell

Markets

Kraken Negotiating New Capital Raise at Least a $10B Valuation: Report

The new funding could more than double the exchange's 2019 valuation of $4 billion to at least $10 billion.

Kraken CEO Jesse Powell

Markets

FedWire Is Back Online After Outage That Affected Crypto Exchanges, Others

The outage only lasted a few hours and affected wire transfers that were in the process of being settled or were in the queue.

Federal Reserve Chair Jerome Powell

Markets

Outage at the Fed Delays Bank Wire Transfers, Affecting Crypto Exchanges

Cryptocurrency exchanges Gemini and Kraken reported delays in automated clearing house and FedWire transactions due to the outage.

The Federal Reserve building in Washington, D.C.