Kraken Unveils a New Wrapped Bitcoin Product—Here’s What It Means for Defi
Kraken has launched KBTC, a wrapped bitcoin product fully backed 1:1 by bitcoin and compatible with multiple networks. KBTC aims to expand bitcoin’s use beyond its native chain and into decentralized finance (defi) ecosy...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Solayer Pay Adds Five Blockchain Networks For Direct Stablecoin Card Deposits
TL;DR: Solayer Pay says its card app now accepts supported stablecoin deposits from Solana, Ethereum, Arbitrum, BNB Chain and Base...
Kraken wants to be your bank, but who will protect your money?
Kraken's parent company wants a place in your finances long before you buy Bitcoin and long after you sell it. On Oct. 14, Payward...
Kraken drops Monero spending questions but keeps a $1,500 rolling 30-day withdrawal cap for individuals
Crypto exchange Kraken has withdrawn intrusive compliance demands sent to Monero customers after its co-CEO admitted the requests...
Sygnum Launches Bitcoin Loans With Collateral Keys Shared Across Parties
TL;DR: Sygnum and Debifi have launched MultiSYG, a Bitcoin-backed lending service using segregated multisignature wallets. The arr...
Whale That Bought 100,000 ETH for $0.31 Each Just Sent $2.4M to Kraken
An Ethereum initial coin offering (ICO) buyer who bought 100,000 ETH at $0.31 each just moved another 1,000 ETH, worth about $2.4...
Frax CEO says businesses will drive next wave of stablecoin adoption as firm tests lending product
Frax CEO Sam Kazemian outlines plans for receivables financing, business payments and stablecoin lending through FraxNet. The post...