Kraken
US Fed Opens Pathway for Crypto Banks to Tap Central Banking System
The central bank will create a three-tiered system for evaluating whether a financial institution should have access.
In Crypto Winter, Jesse Powell’s Pirate-King Leadership Style Might Be the New Normal
Less than 1% of employees have taken the CEO’s buyout offer since he laid down the law on culture. Do employees see Kraken as a “based” place to work, or just somewhere to ride out the bear market?
![CEO Jesse Powell says he's trying to insulate Kraken from “people who basically [think] if you don’t agree with them you’re evil.” (Kraken)](https://cryptonewz.pages.dev/crypto-news-coindesk.com/_next/image?url=https%3a%2f%2fcdn.sanity.io%2fimages%2fs3y3vcno%2fproduction%2f4b5920a655bba68af7143048063997d5da82339b-1440x1080.jpg%3fauto%3dformat&w=1080&q=75)
Kraken Under Investigation for Alleged Sanctions Violations: Report
The NY Times reported that Kraken allegedly allowed Iranian users onto the platform.
Binance and Kraken Stick to Hiring Plans Amid Market Volatility
While many crypto companies likes Coinbase have laid off employees amid the recent market downturn, Binance and Kraken are tweeting about their plans to continue hiring. “The Hash” discusses the rivalries at play, along with Binance CEO Changpeng Zhao’s latest comments at Consensus 2022.
Binance, Kraken and Polygon Accelerate Hiring in Response to Industry-Wide Job Cuts
Coinbase, BlockFi and Crypto.com are among the crypto-related companies announcing layoffs this week.
Bitcoin Influencer Dan Held Steps Back From Kraken’s Marketing Team
The soon-to-be former marketing director will instead focus on a personal consulting gig.
Kraken Receives UAE License to Operate as a Regulated Crypto Exchange
The exchange joins several counterparts plotting moves to or gaining licenses in the United Arab Emirates.
The Significance of Kraken’s Potential Fed Master Account
Kraken Bank, a subsidiary of crypto exchange Kraken, recently received a routing number from the American Bankers Association as part of its efforts to eventually establish as a regulated bank. “The Hash” hosts discuss how this announcement relates to Kraken’s appointment of a new CFO and possible IPO rumors.
Kraken One Step Closer to Becoming an Official Bank
CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De discusses a recent update on Kraken’s ongoing quest for a Federal Reserve Master Account, which would give them the same access to the global payment system as traditional banks. Plus, a conversation on how Kraken benefits from Wyoming’s unique regulatory framework for the banking industry.
