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Kraken is the first cryptocurrency firm to become a bank. On Wednesday, the Wyoming Banking Board voted to approve the San Francisco-based crypto exchange’s application for a special purpose depository institution (SPDI) charter. Kraken is now the first SPDI bank in Wyoming. According to the Wyoming Division of Banking’s general counsel,
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Cryptocurrency exchange Kraken will operate in Japan for the first time in two years. The company said Tuesday its Japanese subsidiary, Payward Asia Ltd., completed the regulatory registration process and has been granted a permit to operate as a crypto asset exchange business in the country. Source
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Kraken’s June 2020 Bitcoin Volatility Report posits that bitcoin (BTC) annualized volatility crashed to a 6-month low of 51 percent and a reversal in the coin’s bullish trend increased its correlation with the S&P 500 from 0.13 to 0.52. Bitcoin Increasingly Correlating with SP 500 and Gold According to Kraken’s June 2020
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According to the crypto exchange’s report, June was the most uneventful month for Bitcoin (BTC) trading since February and was marked by a reversal in correlation trends with gold and the S&P 500. Source
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Cryptocurrency exchange Kraken recently announced that they will be acting to strengthen their ties to Switzerland, describing the country as a “kindred spirit” due to its positive approach to regulating and incubating growth within the crypto sector.To build a foundation within the country, the exchange recently began offering support of
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According to Kraken crypto exchange CEO Jesse Powell, there has been a massive influx of new accounts from all types of investors. The trend coincides with Bitcoin’s (BTC) strong recovery from $3,600 to over $9,000.Powell’s statement aligns with similar observations made by Coinbase earlier this year when the exchange also
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Major cryptocurrency exchange Kraken has announced support for Aussie dollar (AUD) trading pairs and account funding.Australian dollars will be tradeable against Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), and Tether (USDT) on the platform.AUD is the seventh fiat currency to be supported by Kraken, joining USD,
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Coinbase experienced a brief outage Wednesday as the price of Bitcoin rallied to just below $9,000. According to Coinbase’s status page, the exchange’s website, mobile app, and API website experienced major outages. Several Twitter users also noted the connectivity issues with screenshots of the Coinbase website and mobile app. Kraken reported some
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While You're Under Quarantine, Check These Sites for Remote Crypto JobsIf you are on the lookout for a job in these pressing times, when the coronavirus pandemic has limited public movement and shut down businesses, it's worth exploring opportunities to work from the relative safety of your home. The number
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Millennials and Generation Xers in the United States currently practicing sheltering in place and social distancing may find some solace that — in addition to saving lives — they may stand to inherit almost $70 trillion from Baby Boomers in the years to come. Kraken Intelligence, the in-house research team
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