Kraken, a leading US crypto exchange, has hired Vishnu Patankar as its new CTO. Patankar brings over 20 years of experience in technology development, having previously worked at companies such as Microsoft, Amazon, Intel, and Groupon. His most recent role was as CTO of StockX, where he played a key role in launching NFTs.

Kraken, Ernst and Young, and BlockFi are among the companies requesting further guidance on proposed changes to crypto asset reporting by the Financial Accounting Standards Board (FASB). Kraken specifically requested guidance on stablecoins, wrapped tokens, and NFTs.

Kraken, a cryptocurrency exchange, is investigating an issue with several crypto funding gateways, including Bitcoin, Ethereum, and ERC20. The exchange's status page announced that deposits and withdrawals are currently delayed, with updates stating that they are working on a solution.

MistTrack, a blockchain monitoring tool, has reported that an ArbitrumOne user transferred 17 million USDC and 14 million USDT, worth a combined $31 million, to the cryptocurrency exchange Kraken about half an hour ago. The transaction was carried out using a custom L1 Arb address, 0xcEe284F754E854890e311e3280b767F80797180d.

Jeffrey Wilcke, co-founder of Ethereum, has transferred 22,000 ETH, worth around $41 million, to the cryptocurrency exchange Kraken. This is the first time he has transferred ETH from his address in 29 months, with his last transfer occurring in January 2021 when he moved 15,000 ETH to Kraken. Despite the recent transfer, Wilcke's address still holds over 150,000 ETH, worth approximately $280 million.

Kraken has lowered its maker and taker fees for perpetual futures trading of Shiba Inu and Pepe. The announcement came shortly after Kraken added new perpetual futures trading pairs for SHIB and PEPE. Users will enjoy lower fee tiers on these assets for the next 100 days, with 0% maker fees and 0.01% taker fees. Kraken's perpetual futures contract allows traders to speculate on the prices of different crypto assets without owning the underlying asset.

Kraken, a cryptocurrency exchange, has seen a 25% increase in customer deposits in Canada following the departure of rivals Binance and OKX. The company also experienced a fivefold increase in downloads of its mobile apps for Canadian clients after OKX announced its plans to leave in March. Kraken has been in Canada for over 10 years and has more than 250 staff there. The company's managing director for Canada, Mark Greenberg, said that the Canadian regulatory approach works for them, despite some limits on trading and margin.

Kraken, the third-largest cryptocurrency exchange in the world, has launched futures trading for Shiba Inu (SHIB) on its advanced crypto trading platform, Kraken Pro. The exchange has added a new perpetual futures trading pair, SHIB/USD, with up to 10x leverage.

Kraken's UK managing director, Blair Halliday, discussed the cryptocurrency exchange's plans for an IPO, layoffs, and the potential of the UK's crypto opportunities in an interview with DL News. While Halliday did not provide any specific details on Kraken's IPO plans, he expressed optimism about the crypto industry's potential in the UK and praised the government's efforts to introduce new crypto laws. He also criticized UK banks' restrictions on account holders transferring fiat to crypto companies, saying that they will push UK consumers into the arms of offshore trading platforms with insufficient investor protections. Despite facing setbacks such as layoffs and regulatory crackdowns, Kraken added 42 new tokens to the exchange, grew and paid out over $500 million in its staking service, sponsored festivals, and hired over 1,100 employees in 2021.

Kraken's chief legal officer, Marco Santori, believes that the major questions doctrine, a point of U.S. administrative law, could undermine the U.S. Securities and Exchange Commission's (SEC) authority. This doctrine suggests that federal agencies should not engage on points of major economic significance before Congress. Santori thinks this doctrine is especially relevant as lawmakers begin work on crypto oversight. He was heartened that most lawmakers from both parties seemed to think legislation was in order for crypto oversight, though he acknowledged that the uncertainty of the Senate's view leaves some question about its potential.