Digital asset exchange Kraken is downsizing its workforce as a means of staying afloat during the ongoing crypto winter that continues to pummel the industry. In a new statement, Kraken co-founder and...
Tag: Kraken
46,000 Laid Off In November Alone As Job Cuts Grow
Topline More than 46,000 people lost their jobs in two dozen large corporate layoffs in November—including nearly 4,000 just on Wednesday—according to Forbes layoff tracker, as employers fear recessio...
Kraken Cuts Workforce by 30%
Kraken isn’t alone in its decision to cut back on staff numbers. Throughout 2022, various blockchain and crypto companies have adjusted their staff numbers to stay afloat. As employee layoffs continue...
Crypto Winter Casualties Continue: Kraken To Lay Off Over 1,000 Employees
Kraken, the world’s third-largest exchange by trading volume, announced cutting off its workforce by 30% to deal with current market conditions. Specifically, the San-Francisco based company has reduc...
Prominent Crypto Exchange Kraken Lays Off 30% Personnel
Exchange News 1,100 individuals lost their jobs due to the recent layoff. The company had to triple its personnel to accommodate the influx of new users. The Kraken crypto exchange stated today that t...
Binance CEO Alerts Crypto Investors Following Kraken Massive Layoffs
Kraken lays off 30% of its workforce to survive crypto winter. But is CZ trying to tell us something about Kraken? Jesse Powell, the Co-Founder and CEO of Kraken, announced that they are reducing the ...
Kraken cuts workforce by 30% in an effort to survive crypto winter
Cryptocurrency exchange Kraken announced on Nov. 30 that it has made one of its “hardest decisions” and is cutting down its global workforce by approximately 1,100 people, comprising approximately 30...
Kraken Cuts 30% of Its Workforce to Survive Crypto Winter
The second largest crypto exchange in the U.S., Kraken, has announced that it is laying off around 30%, or 1,100 members of its staff. The announcement was made on Wednesday by Kraken co-founder Jesse...
Kraken Slashes 30% of Workforce Amid Bear Market Pressure
Kraken is the latest cryptocurrency exchange that’s been forced to downsize in the face of macroeconomic headwinds and a devastating crypto bear market. According to an announcement from the firm on ...
Kraken Lays Off 30% of Staff as Bitcoin Bear Market Persists
Mass layoffs continue to plague the crypto industry. San Francisco-based crypto exchange Kraken today announced that it is cutting roughly 1,100 employees, reducing its headcount by 30%. In a blog pos...
Crypto exchange Kraken accuses itself
In July this year, crypto exchange Kraken was placed under investigation by the US Treasury Department for alleged violations of sanctions imposed on Iran. A couple of days ago OFAC officially announc...
Kraken To Layoff 30% Of Employees Amid Crypto Market Turmoil
Kraken layoff news: U.S. based crypto exchange Kraken announced it is reducing its global workforce by around 30%. The exchange cited its plans to adapt to the current market conditions in the crypto ...
Brazil set to recognize Bitcoin for payment, Kraken layoffs 30% of workforce
The biggest news in the crypto-verse for Nov. 30 includes Kraken laying off 1,100 staff as crypto winter bits hard, Binance expanding to Japan with the acquisition of Sakura Exchange BitCoin (SEBC), B...
Crypto exchange Kraken to start layoffs as crypto winter persists
Kraken plans to lay off nearly 30 percent of its overall headcount because of crypto winter The company is providing a number of support for those losing their jobs The second largest crypto exchange...
Kraken cuts 30% of staff to ‘weather crypto winter’
Kraken’s the latest crypto firm to announce mass layoffs. “We’re reducing our global workforce by approximately 1,100 people, or 30 percent, in order to adapt to current market condi...
Kraken to layoff 1,100 people to ‘adapt to current market conditions’
U.S.-based crypto exchange Kraken has announced laying off 1,100 staff members, equating to 30% of its workforce, as a response to weathering crypto winter. The blog post, signed by CEO Jesse Powell, ...
Crypto Exchange Kraken Settles With U.S. Treasury Over Violation of Iran Sanctions
The crypto exchange Kraken is settling with the U.S. Treasury Department over apparent violations of sanctions against Iran. The US-based crypto exchange Kraken is agreeing to pay a fine of $362,159 t...
Kraken Cuts 30% of Workforce Amid Crypto Winter
The crypto market has sunk this year, with bitcoin (BTC) losing 63% of its value since the end of 2021 and the total crypto market cap down more than two-thirds in the past 12 months. Companies that r...
Binance, Coinbase, Kraken ordered to disclose user data in hack probe: FT
Six exchanges — including Binance, Coinbase, Luno and Kraken — will have to share user data to help trace $10.7 million in funds stolen from an unnamed UK-based exchange in 2020. London’s High C...
Crypto Exchange Kraken Settles With Treasury Department Over Sanctions Violations – Coinotizia
Crypto exchange Kraken has settled with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) over its apparent violations of sanctions against Iran. The cryptocurrency exchang...
Crypto Exchange Kraken Settles With Treasury Department Over Sanctions Violations – Regulation Bitcoin News
Crypto exchange Kraken has settled with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) over its apparent violations of sanctions against Iran. The cryptocurrency exchang...
Crypto Exchange Kraken Settles With Treasury Department Over Iran Sanctions Violations
U.S. crypto exchange Kraken has settled with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today, agreeing to pay $362,158.70 for apparent violations of sanctions...
Kraken To Pay Settlement For Violating Sanctions
The crypto exchange has agreed to pay a penalty amount of $362,000 to U.S. regulators in the alleged sanctions violations case. Kraken Settles With U.S. Regulator Kraken has entered into a settlement...
Kraken Settle Downs the Tussle with the OFAC
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Kraken decides to settle Iran sanction allegations with U.S. regulators
On 28 November, the U.S. Treasury Department announced that cryptocurrency exchange Kraken has agreed to pay a settlement fee of $362,000 against accusations that it violated sanctions against Iran. O...
Kraken Settles With U.S OFAC Over Iran Sanctions Compliance
2 hours ago | 2 mins read Exchange News The OFAC claims Kraken did not take reasonable precautions. Kraken will allocate an extra $100,000 to sanctions compliance mechanisms. Kraken, a cryptocurrency ...
Kraken Agrees to Settle with US Regulators for Violating Sanctions
Cryptocurrency exchange Kraken has agreed to pay the penalty to settle civil liability related to apparent violations of sanctions on Iran. As part of the deal with OFAC, Kraken would pay more than $3...
Kraken Settles With The SEC And Pays $362k For Violating U.S Sanctions on Iran
The U.S. Office of Foreign Assets Control (OFAC) has made it clear that it will keep imposing fines on cryptocurrency exchanges for alleged violations of the U.S. sanctions system. This time it was th...
Binance, Kraken, Accused of Violating US Sanctions, Back Anti-Fraud Startup
Rival cryptocurrency exchanges Binance and Kraken — both once accused of violating US sanctions — are now backing a fraud detection and identity verification platform for digital assets. The ven...
Kraken settles with US Treasury’s OFAC for violating US sanctions
The United States Treasury Department’s Office of Foreign Assets Control, or OFAC, has announced a settlement with crypto exchange Kraken for “apparent violations of sanctions against Iran.” In a Nov....
More Bitcoin leaves Coinbase; Kraken CEO deems Binance’s proof of reserves ‘pointless’
The biggest news in the cryptoverse for Nov. 28 includes Kraken CEO saying Binance Proof-of-Reserve is pointless without proof of liabilities, Coinbase losing Bitcoin worth $2 billion over the weeken...
Kraken settles Iran sanctions violations with U.S. Treasury
Crypto exchange Kraken agreed to settle with the Treasury Department’s Office of Foreign Assets Control over the firm’s apparent violations of sanctions against Iran. Kraken, which volunta...