A risk-free way to earn with Kraken is back We’re excited to announce the return of the Kraken referral program – a simple, rewarding way to grow the crypto community while earning rewards. Now, every time you invite a friend to sign up and trade, both of you benefit. Check out how Kraken referrals works […]
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All Kraken clients receive a 25% discount on paid plans with Koinly this tax season!
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The snake is known for its calculated approach – studying, waiting, then striking at the perfect moment. As we enter the lunar Year of the Snake, we’re launching our most strategic trading competition yet, with a prize pool of up to $88,888 USDT* up for grabs. Competition overview Starting February 3, 2025, traders will compete […]
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Google said that advertisers who want to promote crypto exchanges and software wallets in the United Kingdom must be registered with the FCA.
Google advertisements promoting digital asset exchanges and wallets in the United Kingdom must register with the country’s financial services regulator when a new Google policy update takes effect in January 2025.
The search engine company said that starting on Jan. 15, 2025, advertisers offering crypto exchange products and services in the UK will be allowed to advertise if they meet certain requirements.
For crypto exchanges and software wallets, Google said it would allow ads to promote these products if they are registered with the Financial Conduct Authority (FCA).
Starting Dec. 9, celebrate Mememas with us as we give away $12,000 in memecoins – $1,000 of a different memecoin, every day, for 12 days.
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Enter our second annual Rear Wing Takeover Contest for a chance to see your Cosmos race on a Williams Racing FW46 challenger in Austin!
The post The Cosmos collection: Kraken and Williams Racing fuel the next generation of F1 IRL crossovers at the 2024 Formula 1 Pirelli United States Grand Prix appeared first on Kraken Blog.
Over the last two months, Williams Racing Collectibles+ Grid Pass holders have been eligible to claim up to five free History in the Making collectibles, which pay tribute to defining moments that shaped over 45 years of competing in the fastest sport on the planet. Crafted by renowned digital artist MBSJQ, each of the five […]
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Go head-to-head with thousands of traders and claim your share of $100,000.
The post Our $100,000 Futures Market Masters competition is back! appeared first on Kraken Blog.
We are excited to announce Kraken's 12 Days of Cryptomas competition! To celebrate the end of 2023, we are giving away 12 incredible prizes with a total value of over $20,000.¹
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The group of FTX users is taking aim at Mercedes F1 and Major League Baseball for allegedly helping FTX commit fraud by promoting the crypto exchange on its platforms.
Mercedes-Benz Formula One team and Major League Baseball helped FTX perpetrate fraud through promotional deals with the crypto exchange, according to a group of FTX users in a new lawsuit.
The plaintiffs, consisting of FTX users, filed twin class-action suits in a Florida District Court on Nov. 27, accusing the firms of “aiding and abetting and/or actively participating in the FTX Group’s massive, multibillion-dollar global fraud” and promoting unregistered securities.
In 2021, the Mercedes F1 team signed a promotional deal with FTX which saw the exchange’s logo emblazoned on cars, uniforms, hats and other materials. The MLB signed a similar deal that same year — the first pro sports league to do so — which saw umpires don FTX’s logo on their uniforms.
“The centerpiece, and most important feature, of the partnership, however, was the inclusion of FTX.US patches on all MLB umpire uniforms,” wrote the class complaint filing. “The FTX.US patches marked the first time in the history of MLB, which dates back to the 1800s, that a sponsor brand has had its logo appear on umpire uniforms.”
The rare double logo shot https://t.co/OLE7P8iY1N
— FTX (@FTX_Official) July 18, 2021
The complaint against Mercedes F1 was similar, saying the team showcased FTX’s logo in prominent locations on its cars, merchandise and marketing.
FTX also “regularly cheered on and congratulated” Mercedes F1 and its drivers, which the lawsuit said created a “veneer of trustworthiness with Mercedes F1 fans.”
“This ploy would not have been as effective were it not for Mercedes F1’s parallel promotions of FTX,” the complaint said.
Details @FTX_Official pic.twitter.com/3trhANWTCV
— Mercedes-AMG PETRONAS F1 Team (@MercedesAMGF1) September 24, 2021
The same group of FTX users is also still suing a list of celebrities who promoted the exchange, including former sports stars Shaquille O’Neal and Tom Brady, citing similar allegations of promoting unregistered securities.
Many celebrities named in the lawsuits have attempted to have the suit against them dismissed, saying they didn’t encourage depositing money onto FTX. At least three — professional American footballer Trevor Lawrence and YouTubers Kevin Paffrath and Tom Nash — have settled their lawsuits.
Related: SEC still looking for potential FTX-style fraud at Binance.US: Report
FTX founder and former CEO Sam Bankman-Fried was convicted of seven charges relating to fraud, conspiracy and money laundering earlier in November.
Just over a year after inking the deal, the MLB canned its five-year promotional contract with FTX shortly after the company filed for bankruptcy in November 2022.
Mercedes F1 similarly binned its deal with FTX the same year and removed its logo from its cars and merchandise.
Magazine: Slumdog billionaire 2 — ‘Top 10… brings no satisfaction’ says Polygon’s Sandeep Nailwal
