Kraken

Kraken, a prominent cryptocurrency exchange, has expressed gratitude towards Senators Cynthia Lummis and Kirsten Gillibrand for their steadfast leadership and efforts in introducing thoughtful legislative solutions for the cryptocurrency industry. The exchange appreciates the senators' hard work over the years in working towards providing regulatory clarity, which is considered a significant step forward for the industry.

The Bitcoin halving, a pre-programmed event that reduces the block reward for miners by half every 210,000 blocks or approximately four years, has been a significant milestone in the cryptocurrency's journey. The second halving, which occurred on July 9th, 2016, saw the block reward decrease from 25 BTC to 12.5 BTC. This event was met with increased anticipation as Bitcoin gained broader traction. In the aftermath, prices surged, hitting a remarkable 3,402% increase over the following 518 days. The halving mechanism was crafted by Satoshi Nakamoto, the creator of Bitcoin, to ensure its long-term feasibility and functionality. While the community has the ability to change Bitcoin's rules, the halvings have remained intact, underscoring their importance in the cryptocurrency's ecosystem.

Kraken, a leading cryptocurrency exchange, has introduced a new right-click trading functionality on its platform. This feature allows users to execute trades directly from the user interface by right-clicking on the desired asset. The exchange shared a video showcasing this functionality, demonstrating its commitment to enhancing the user experience and streamlining the trading process.

As the finite supply of 21 million bitcoins approaches full issuance, the cryptocurrency's protocol may undergo advancements to enable miners to rely primarily on transaction fees for revenue. Recent innovations like Ordinals have already led to an increase in fees, boosting miners' earnings. While the long-term implications are uncertain, the Bitcoin network is exploring sustainable models to incentivize mining after the last bitcoin is mined.

Satoshi Nakamoto, the creator of Bitcoin, implemented the halving mechanism prior to the cryptocurrency's launch in 2009. This mechanism was designed to ensure Bitcoin's long-term feasibility and functionality. While Satoshi left the rules open for the community to modify, the halvings have remained unchanged, reflecting the community's commitment to the original design.

Bitcoin Magazine has announced that Davey Day Trader Global, also known as @stoolpresidente, will be joining their upcoming bitcoin halving stream powered by Kraken. The stream will cover the countdown to block 840,000, which is when the next bitcoin halving event is expected to occur. Viewers are encouraged to tune in and keep their eyes on the countdown.

Kraken, a leading cryptocurrency exchange, announced that its Chief Compliance Officer, CJ Rinaldi, will be a featured panelist at the Chainalysis Links 2024 conference in New York on April 10th at 11:15 AM. The company expressed excitement about having its expertise represented in this important discussion on compliance within the cryptocurrency industry.

Kraken, a leading cryptocurrency exchange, has released a comprehensive guide on cryptocurrency taxation in the United States. The guide, available on Kraken's Learn Center, aims to educate users on the importance of understanding cost basis when calculating crypto taxes. It covers various aspects of crypto taxation, including reporting requirements, tax implications of different transactions, and strategies for minimizing tax liabilities.

On January 2012, the TV show 'The Good Wife' featured what is believed to be the first ever reference to Bitcoin on television. The episode, titled 'Bitcoin for Dummies', aired when the price of Bitcoin was $6.75. This marks a significant milestone in the mainstream recognition and adoption of the pioneering cryptocurrency.

Kraken, a leading cryptocurrency exchange, has announced the implementation of passkeys and multiple two-factor authentication (2FA) options for enhanced security. Passkeys, a passwordless sign-in standard, offer a more secure and convenient way for users to access their accounts. Additionally, Kraken now supports multiple 2FA methods, allowing users to choose the authentication method that best suits their preferences and security requirements.