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Wall Street takes the plunge

Miguel A. Rodriguez
Miguel A. Rodriguez
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 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books. 

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