Wall Street takes the plunge

By: Miguel A. Rodriguez

16:16, 18 September 2020

Kraken is the first cryptocurrency firm in the U.S. to become a bank.

  • Beijing opposes a forced sale of #TikTok’s U.S. operations by its Chinese owner #ByteDance, and would rather see the short video app shut down in the United States 
  • The former San Francisco-based crypto exchange #Kraken becomes the first #crypto exchange to charter a US Bank 
  • The #Nasdaq 100 index fell 1.25% despite that the Fed signaling no rate hikes through to 2023 

Share this article

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.