Wall Street takes the plunge

Wall Street takes the plunge

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

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