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US Urges Nigeria to Release Jailed Binance Employee, Considers ‘Wrongfully Detained’ Designation

US Urges Nigeria to Release Jailed Binance Employee, Considers ‘Wrongfully Detained’ DesignationThe U.S. is urging Nigeria to release Tigran Gambaryan, a jailed Binance employee, due to humanitarian concerns. This has become a major point of tension in U.S.-Nigeria relations. U.S. officials say Gambaryan’s health issues warrant his release, while his family claims he’s denied proper medical care. Nigeria denies these claims and insists the courts will […]

Kraken Institutional 2024 in review: A year of innovation and growth

India-Russia Oil Deals Chip Away at Dollar Dominance in International Trade

India-Russia Oil Deals Chip Away at Dollar Dominance in International TradeOn Wednesday, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades-old dominance of international oil trade. The oil deals between India and Russia have been settled in other currencies, putting the U.S. dollar’s dominance in the oil trade under pressure. Sources Say Non-U.S. […]

Kraken Institutional 2024 in review: A year of innovation and growth

Report: Israel Defense Ministry Seized Crypto Wallets Holding Hamas-Destined Funds

Report: Israel Defense Ministry Seized Crypto Wallets Holding Hamas-Destined FundsIsrael’s Defense Ministry seized cryptocurrency wallets holding funds that were destined for Hamas, a report has said. The wallets belonged to businesses that are associated with Al’matchadun currency exchange, which itself is accused of helping to funnel funds to Hamas. Seizure Order Israel’s Defense Ministry recently seized cryptocurrency wallets belonging to businesses that are associated […]

Kraken Institutional 2024 in review: A year of innovation and growth

US Government Now Offers Informants Crypto Rewards in Addition to Bank Wires, Suitcases Full of Cash

US Government Now Offers Informants Crypto Rewards in Addition to Bank Wires, Suitcases Full of CashAttendees of the Black Hat hacker conference in Las Vegas were introduced to a new advertisement crafted by the U.S. State Department. According to individuals who accessed the government advertisement via an open Wi-Fi network called “#Rewardsnotransoms” they discovered the U.S. government is offering to pay crypto rewards to individuals who give up information concerning […]

Kraken Institutional 2024 in review: A year of innovation and growth

US State Department Official Wants El Salvador to ‘Ensure Bitcoin Is Well Regulated’

US State Department Official Wants El Salvador to ‘Ensure Bitcoin Is Well Regulated’The U.S. Department of State’s undersecretary of state for political affairs, Victoria Nuland, has explained during a press conference that the U.S. has urged El Salvador to be responsible with the country’s new bitcoin law. Nuland told the press that the U.S. was taking a “tough look at Bitcoin” and that Salvadoran president Nayib Bukele […]

Kraken Institutional 2024 in review: A year of innovation and growth