Kraken Charged by CFTC Over Margined Crypto Transactions, $1.25 Million Penalty Imposed

Kraken Charged by CFTC for Offering Margined Crypto Transactions, $1.25 Million PenaltyThe Commodity Futures Trading Commission (CFTC) has charged Payward Ventures, the operator of cryptocurrency exchange Kraken, “for illegally offering margined retail commodity transactions in digital assets, including bitcoin, and failing to register.” CFTC Charges Kraken, Imposes $1.25 Million Penalty The Commodity Futures Trading Commission (CFTC) announced Tuesday that it has imposed a $1.25 million penalty […]

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$1 Million per BTC in 10 Years: ‘In Terms of Dollars Bitcoin Is Going to Infinity,’ Says Kraken CEO

$1 Million per BTC in 10 Years: 'In Terms of Dollars Bitcoin Is Going to Infinity,' Says Kraken CEOWhile bitcoin prices have been coasting along between $46k to $48k during the last three days a number of proponents are still bullish about the crypto asset’s long-term value. On Thursday, Kraken CEO Jesse Powell said that he thinks bitcoin could easily reach a million-dollar valuation per coin. “When you measure it in terms of […]

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Kraken Cryptocurrency Exchange Gets US Banking License, Plans to Be Global Bank

Kraken Cryptocurrency Exchange Gets US Banking License, Plans to Be Global BankCryptocurrency trading platform Kraken has received a banking license recognized under federal law to operate as a bank in the U.S. The company has outlined its plans to offer a number of cryptocurrency-focused financial services locally and globally. Kraken Now a US Bank Kraken announced Wednesday that it has received a U.S. bank charter. “The […]

The post Kraken Cryptocurrency Exchange Gets US Banking License, Plans to Be Global Bank appeared first on Bitcoin News.

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Tidbits: Jesse Powell Criticizes Custodial Ownership, Simon Dixon Slams the Banking System

Jesse Powell Explains Gold Ownership, Simon Dixon Criticizes Banking SystemTidbits is a roundup of talking points from across the cryptosphere. Today, Jesse Powell and Samson Mow both voice their opinions on the custodial ownership of assets through trusted, third parties. Paul Sztorc shows the Bitcoin community that forks are not as frequent as they think and Simon Dixon breaks down his three problems with the […]

The post Tidbits: Jesse Powell Criticizes Custodial Ownership, Simon Dixon Slams the Banking System appeared first on Bitcoin News.

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