• Figure Technologies bank charter
    Technology

    Another crypto bank? Blockchain lender Figure Technologies applies for a bank charter

    The firm believes that a bank charter will allow it to simplify its compliance efforts and help it serve more customers

    According to a Nov. 6 announcement, Figure Technologies applied for a national bank charter from the Office of the United States Comptroller of the Currency (OCC). The firm said in its announcement that the national bank charter would allow it to offer the same set of products and services throughout the U.S. Furthermore, its compliance efforts mean it would have to keep the requirements of only one regulator in mind, reducing costs and risks.

  • Kraken gets banking license
    Cryptocurrencies,  Regulation

    Release the Kraken! Exchange wins bank charter approval in ‘world first’

    Its new service, Kraken Financial, could make it easier for consumers to pay their bills and even receive their salaries in crypto

    Its new service, Kraken Financial, could make it easier for consumers to pay their bills and even receive their salaries in crypto

  • Tether Kraken funding Wright lawsuit
    Cryptocurrencies,  People

    Craig Wright accuses Tether, Kraken funding $10B Bitcoin lawsuit against him [Updated]

    Would-be Bitcoin creator claims they ‘seek to shut me down’ to protect their ‘Ponzi’ scheme. How the stablecoin issuer and the exchange benefit from Wright losing 550,000 BTC to the Kleiman estate is unclear

    Not to be missed in the ongoing $10 billion lawsuit between the estate of Dave Kleiman and his partner, self-proclaimed Bitcoin creator Craig Wright, are his accusations about who is funding it. The answer, he recently swore in court is... Tether and Kraken?

  • Bitcoin

    It’s difficult to know Bitcoin’s actual price. Could this benchmark index change that?

    The new Bitcoin Benchmark Rate is designed to pave the way for new derivatives, but there’s a catch: the index is only updated once an hour

    A new benchmark index is trying to cut through market manipulation and inaccurate data to offer a “robust” insight into Bitcoin’s actual price. The Bitcoin Benchmark Rate is the brainchild of MV Index Solutions, which develops a range of indices for investors, along with the digital asset data platform CryptoCompare.