Kraken Exits the NFT Arena: Crypto Exchange Shuts Down Marketplace
The prominent cryptocurrency exchange, Kraken, has announced the closure of its non-fungible token (NFT) marketplace, marking a significant shift in the digital asset landscape as the sector continues to grapple with market volatility and regulatory scrutiny. This decision comes as the NFT market faces tremendous challenges, including declining sales and ongoing concerns about sustainability and security.
Continue readingTether and Kraken Back European Stablecoin Venture Ahead of MICA Regulations
In a significant move within the cryptocurrency sector, Tether, the issuer of the world's largest stablecoin (USDT), along with cryptocurrency exchange Kraken, has announced strategic investments in a European-based stablecoin issuer. This partnership marks a bold step as the European Union prepares to finalize its regulatory framework under the forthcoming Markets in Crypto-Assets (MiCA) regulation.
Continue readingCrypto Firms Boost Presence in Premier League with New Sponsorship Deals
In a remarkable trend showcasing the expanding reach of cryptocurrency firms, several Premier League football clubs have recently secured sponsorship agreements with major digital currency exchanges. This development underlines the increasing symbiosis between the world of sports and the burgeoning crypto industry, emphasizing digital currencies' growing mainstream appeal.
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