Bitcoin24h $79,847.63-0.56%

Ethereum24h $2,262.41-1.04%

BNB24h $676.59+0.34%

XRP24h $1.45+1.05%

Solana24h $91.29-2.23%

TRON24h $0.3548+1.22%

Dogecoin24h $0.1157+3.09%

Hyperliquid24h $40.27+1.97%

Cardano24h $0.2669-0.66%

UNUS SED LEO24h $10.15+1.37%

Crypto firms put IPO plans on ice as listed companies tank

Crypto wallet firm Ledger has joined Kraken in pausing its IPO offering due to unfavourable market conditions.

Kraken confirms extortion attempt after 2,000 clients’ data stolen

Kraken’s Chief Security Officer revealed that the crypto exchange is being extorted over two different instances of leaked client data.

An ongoing bear market combined with wider global economic struggles has hit crypto firms hard, causing delays, staff layoffs, and AI pivots.

A dark web monitoring service has flagged a disturbing listing by someone who claims to be able to access Kraken customer details.

Kraken is seeking to raise at a $15 billion valuation, which probably places comp valuation metrics for Binance at more than $100 billion.