Kraken
Kraken moves wrapped bitcoin to chainlink after kelp dao exploit
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Kraken announced it is switching its wrapped Bitcoin token kBTC to Chainlink's Cross-Chain Interoperability Protocol. The move follows the KelpDAO exploit that resulted in a $292 million loss and heightened concerns over bridge security in DeFi. The exchange will make CCIP the exclusive cross-chain infrastructure for kBTC and future wrapped assets.
Dubai's Virtual Asset Regulatory Authority has granted preliminary authorization to Kraken's parent company to operate as a broker-dealer and investment manager in the emirate. The approval paves the way for the crypto exchange to expand its services in the United Arab Emirates.
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Payward, the parent company of crypto exchange Kraken, announced a partnership with asset manager Franklin Templeton to develop a range of blockchain-based investment products for institutional investors.
Kraken, a long-standing cryptocurrency exchange, has confidentially submitted a draft S-1 registration to the US Securities and Exchange Commission, advancing toward a potential initial public offering. This move follows the company's recent disclosure of a $20 billion valuation after raising $800 million. The filing highlights growing interest in crypto firms accessing US capital markets.