Kraken filed confidentially for a U.S. IPO after an $800 million fundraising that valued the exchange at $20 billion. Kraken, one of the longest-running crypto exchanges, has taken a major step toward going public, filing for a U.S. initial public offering (IPO) through its parent company, Payward, Inc. The draft […]
JPMorgan Chase abruptly closed Strike CEO Jack Mallers’ accounts, citing “concerning activity,” reigniting crypto debanking fears amid the bank’s ongoing Epstein controversies. Strike CEO Jack Mallers said JPMorgan Chase abruptly closed his personal bank accounts last month without providing a clear explanation, sparking fresh debate over the banking industry’s treatment […]
A new 50-page House Financial Services Committee report formally documents what Republicans call a Biden-era “Operation Chokepoint 2.0,” detailing how regulators pressured banks to avoid crypto while publicly denying any discouragement. Republicans on the House Financial Services Committee have released a 50-page report detailing what they describe as a systematic […]
The effort is starting small, but Texas made an opening foray into a state-based crypto reserve — getting closer to the first government stockpile in the U.S. What to know: Texas took a step toward building a state-based crypto reserve, grabbing $5 million of BlackRock’s bitcoin exchange-traded fund, officials told […]
Digital bank Klarna’s stablecoin, issued by Stripe’s Bridge on top of the upcoming Tempo blockchain, is set to debut next year. What to know: Klarna, the Sweden-based digital bank known for its “buy now, pay later” offering, said Tuesday that it will debut a U.S. dollar stablecoin, becoming the latest global fintech […]
The divergence emerged when newer nodes accepted a malformed transaction that older nodes rejected. What to know: A malformed transaction pushed Cardano into a brief chain split in late U.S. hours on Friday, as older and newer node versions validated transaction data submitted to the network differently. The mismatch caused […]
The tension erupted following news that Strategy and other crypto treasury companies would likely be excluded from major market indexes. The backlash against financial services company JP Morgan from the Bitcoin community and supporters of BTC treasury company Strategy continued to swell on Sunday as calls to “boycott” JP Morgan […]
The 67-year-old Hill’s recent autism diagnosis, as well as his advanced age, seemed to serve as mitigating factors for the sentencing judge. What to know: NEW YORK — William “Bill” Hill, 67, one of the co-founders of Bitcoin mixer Samourai Wallet, was sentenced to four years in prison on Wednesday for […]
Erik Thedéen said a different approach is needed as the U.S. and U.K. refused to implement the rules already set out. What to know: The rules on banks holding large amounts of capital to cover losses in cryptocurrency need a rework, the chair of the Basel Committee on Banking Supervision said, […]
Rep. Warren Davidson introduced legislation that allows bitcoin tax payments without incurring capital gains to beef up the U.S. Strategic Bitcoin Reserve. What to know: One of the crypto industry’s longtime Republican allies in Congress introduced a bill to allow individuals and businesses to pay taxes in bitcoin without triggering capital […]