Kraken Plans To Launch Its Own Bank
The staggered rollout of its Bank service in 2022 was already indicated on the website of the cryptocurrency exchange Kraken. Despite a challenging regulatory environment and several charges of breaking securities laws by the US Securities and Exchange Commission, Kraken is still committed to launching its bank. The launch is proceeding as planned, according to […]
Utah State Legislature passes Utah DAO Act
Utah State Legislature has passed the Utah DAO Act HB 357, commonly known as the Utah Decentralized Autonomous Organizations (DAOs) therefore granting DAOs legal recognition and limited liability protections in the state. This new law frames DAOs as “Utah LLDs,” giving them limited responsibility and legal legitimacy. The Digital Innovation Taskforce and the Utah Blockchain […]
Argo BTC production surges despite BTC difficulty
Bitcoin mining company Argo Blockchain has boosted its daily production of BTC even though network difficulty for mining Bitcoin has grown significantly, the production rate in February surged about 7%. Argo mined a total of 162 Bitcoin or BTC equivalents in February , which equates to 5.7 BTC per day, the company reported in an […]
Coinbase new layer-2 network may include AML measures
Brian Armstrong, the CEO of Coinbase, has made a suggestion that the company’s upcoming layer-2 blockchain network Base may be launched with transaction monitoring and anti-money laundering controls. Armstrong stated that Base currently has some centralized components in an interview with Joe Weisenthal on Bloomberg Radio on March 6, but he also said that “it […]