Kraken wins Fed master account approval, a first for the crypto industry
Kraken has become the first crypto firm to secure a Federal Reserve master account for its Wyoming-chartered banking unit.
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Kraken has become the first crypto firm to secure a Federal Reserve master account for its Wyoming-chartered banking unit.
BNY to act as administrator, transfer agent and cash custodian for Morgan Stanley’s proposed Bitcoin Trust.
A symmetrical triangle breakout and an unfilled CME gap are boosting the case that Bitcoin may revisit $80,000 in March.
Positioning resets and liquidity expectations have seen Bitcoin retest $71,000 amid the escalating conflict in the Middle East.
In a first for crypto, Kraken’s banking unit gained access to the US Federal Reserve’s payment system, Fedwire, though without full banking privileges such as interest on reserves.
BTC jumped to $71,800 as investors turned to haven assets in light of the escalating Middle East conflict and renewed strength in altcoins.
TRM said a post-strike spike in Nobitex wallet activity looked like routine liquidity moves, even as Chainalysis flagged higher outflows from Iranian exchanges overall.
The approval lets Kraken speed up deposits and withdrawals for large traders and institutional clients, but is limited.
The international watchdog says P2P stablecoin transfers via self-custody wallets can bypass AML checks and urges countries to assess risks and apply proportionate safeguards.
Surging trading volume in STRC suggests strong bitcoin buying by the largest publicly traded holder of the cryptocurrency.
Bitcoin has pushed toward $72,000 as spot bitcoin ETF inflows stretched into a second straight session amid war in the Middle East.
AI models chose bitcoin in 79% of long-term scenarios, stablecoins led payments; 91% favored digital assets over fiat.