Breaking: Kraken Owned Subsidy in UK Gets FCA Approval
Crypto Facilities, a fully-owned subsidy of popular crypto exchange Kraken has got the approval of the top financial regulators in the UK. The Financial Conduct Authority (FCA) issued an MLR license which indicates that Crypto Facilities is now compliant with the UK’s anti-money laundering regulations, making it one of the selected few crypto companies to have got FCA’s clearance.
After China’s Bitcoin (BTC) mining ban in May this year, the US became the biggest Bitcoin mining hub in the world. Most of the large Bitcoin mining farms in China either shut down completely or relocated to the US, Kazakhstan, and Russia to continue their mining operations.
Bank of England’s deputy governor, Sir Jon Cunliffe has reinstated the traditionally conservative stance towards the decentralized sphere, claiming that crypto is becoming a greater threat to the global financial stability with each passing day, given the impeccably rapid growth of the industry.
Twitter’s Chief Financial Officer (CFO), Ned Segal’s exclusive stance on Bitcoin investment has broken the internet. Segal commented in an interview yesterday, stating that an investment of Twitter’s corporate cash into crypto assets including Dorsey’s favorite, Bitcoin “doesn’t make sense right now”.
DOGE price is down 13% following the crypto bloodbath that started early Tuesday morning that has seen the crypto market lose as more than $300 billion in market value.Tuesdays crypto bloodbath continues as the cryptocurrency market wipes out as much as $300 billion in market value. DOGE price is down 13% so far to trade at the current price around $0.2243.
11% daily Bitcoin price losses are painful for ‘holders’ but no there is no need to panic as recent price action show that BTC is still bullish.At the time of writing, Bitcoin price is trading at $60,882 approximately 11% down on the day with a market cap of $1.146 trillion also dropped 8% over the last 24 hours.