Author: FRED

Kraken becomes the first crypto exchange to become a US bank.

Kraken is the first cryptocurrency company to become a bank. On Wednesday, the Wyoming Board of Banking voted to approve the San Francisco-based Crypto Exchange’s application for Special Purpose Depository Institution (SPDI) status. Kraken...

Bitcoin’s correlation with gold hits a record high

Bitcoin is now more closely pegged to safe-haven gold than ever, possibly giving the cryptocurrency greater resistance to risk aversion in traditional markets. The 60-day correlation between the two assets remains at record levels...