The Defiant·
The deal is payable in cash and stock and values Payward at $20 billion.
Read full articleOracle’s abrupt termination of an estimated 20,000 to 30,000 employees via email on March 31 has sparked significant employee pushback over what many regarded as inadequate severance. The company offered four weeks of base pay plus one additional week per year of service, capped at 26 weeks, but crucially did not accelerate unvested stock grants — meaning […]
Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Kraken’s parent company Payward filed a second amended complaint on…
The US banking regulator has already approved similar charter applications for Coinbase, Ripple Labs, BitGo, Circle, Fidelity Digital Assets and Paxos.
Crypto exchange Kraken is seeking a U.S. federal banking charter to complement its Wyoming SPDI subsidiary.
Payward says the OCC national trust charter would complement Kraken's banking arm, Kraken Financial.
The largest DeFi protocol on Kraken's Ink Layer 2 network is onboarding Chainlink and RedStone feeds before resuming its lending markets.
The deal marks Kraken's largest acquisition as it pushes into Asian cross-border payments through stablecoin infrastructure.
