Coinbase to continue offering staking despite SEC crackdown

Coinbase notes that users earn rewards from the decentralized protocols, and not from the exchange itself.

Coinbase notes that users earn rewards from the decentralized protocols, and not from the exchange itself.

S.E.C. argues that by letting users hand over their crypto in exchange for a promised return, the exchange's staking service constituted a securities sale

The investigation pertains to certain offerings that Kraken has made to U.S. clients

According to the cryptocurrency exchange, it will cease to be an operator of a crypto asset exchange with the Financial Services Agency of Japan as of January 31.

Kraken is firing 1,100 employees, or about 30% of its workforce, in an effort to adjust to the current market fluctuation.

The US Treasury Department's Office of Foreign Assets Control has entered into an agreement with Kraken over having served Iranian customers despite U.S sanctions.

Kraken stated the accounts were frozen "to protect their creditors" while emphasizing that it "maintains full reserves."

Follow us on Google News Key Takeaways: Kraken to build an NFT platform. Kraken would assist in moving some NFT activities “off-chain” to reduce minting and transaction fees to a minimum. A cryptocurrency exchange called Kraken is working on aโฆ