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Over a quarter of Kraken employees get paid in bitcoin

Kraken, a cryptocurrency exchange that now employs about 800 people, said that it paid 250 salaries in bitcoin in April and that more employees are opting for getting paid in cryptocurrency every month. The company reportedly earned $155 million in revenue in 2018 and had…

Circle is getting leaner, and not just because of the regulatory climate

This free preview of The Block Genesis is offered to our loyal readers as a representation of the valuable research and journalism our Genesis members receive daily. If you’d like to receive all Genesis content on our site and via daily newsletter, join today. Circle…

Bitcoin Exchange Kraken Raises $6M Equity Funding In 2 Days

US bitcoin and crypto exchange Kraken has raised over $6.5 million in a matter of days as part of a new equity sale, data has revealed. Kraken Fundraiser Hits $6.55M According to a fundraising page on BnkToTheFuture, which Kraken is using to gather the funds,…

Coinbase Earn expands to over 100 countries

Coinbase is expanding its Earn service to more than 100 countries, according to a May 17 announcement. The service, which Coinbase acquired as part of an acquihire last year, incentivizes users to learn more about crypto by distributing currencies to those who test decentralized protocols,…

Analysis: BitMEX’s Insurance Fund now holds over $200 million

BitMEX’s Insurance Fund surpassed $200 million for the first time yesterday; holding 26,388 BTC, which is 0.15% of all bitcoins in circulation. BitMEX is an exchange for trading perpetual swaps, a type of derivatives contracts similar to futures contracts but without expiry dates and settlement.…