Kraken’s Parent Files For OCC National Trust Charter—Hinting At A Ripple, Coi...
Payward, the parent company of cryptocurrency exchange Kraken, disclosed on Friday that it has filed an application with the Office of the Comptroller of the Currency (OCC) seeking approval for a National Trust Company charter. A national trust company charter would allow Payward to set up a federally regulated custody business under OCC oversight. The […]
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On Friday, the Office of the Comptroller of the Currency (OCC) approved national trust charter applications from several key firms in the industry including Circle’s First National Digital Currency Bank, Ripple National Trust Bank, BitGo Bank & Trust, Fidelity Digital Assets, and Paxos Trust Company. OCC’s Approval Of Digital Asset Trust Banks Once finalized and […]
Ripple’s bold move into traditional finance is approaching an important milestone. The company’s application with the US Office of the Comptroller of the Currency (OCC) for a national trust bank charter, proposed under the name Ripple National Trust Bank, has entered its final review window. According to official OCC filings, the standard 120-day review period […]
Payward, the parent company of cryptocurrency exchange Kraken, has filed a lawsuit against its very own crypto custodian, Etana Custody, and its CEO, Brandon Rusell, alleging that Etana misappropriated more than $25 million in client funds and operated what Payward characterizes as a “Ponzi-like” scheme. Etana Misused Kraken Reserves The dispute traces back to a […]
Singapore-based cryptocurrency exchange Crypto.com (CRO) announced on Friday its intention to apply for a national trust bank charter with the US Office of the Comptroller of the Currency (OCC). This move aligns Crypto.com with other major firms in the industry, including Coinbase (COIN), Ripple Labs, stablecoin issuer Paxos, and Sony Bank, who are also pursuing […]
The XRP price is currently more than 45% below its all-time high and continues to decline amid broader market uncertainty. Despite the slow price action and weak momentum, a crypto analyst has projected that XRP could explode to $50 soon, providing reasons for his ambitious forecast. He boldly stated that the cryptocurrency will not experience a gradual climb to $5 or $10 first, but will instead jump straight to $50. XRP To Hit $50 With A Ripple Bank Charter Crypto analyst Pumpius has outlined a compelling scenario that could dramatically transform XRP’s market outlook. The market expert....