Cryptocurrency

Crypto exchange Kraken is reportedly in talks for a pre-IPO fund raising round, according to Bloomberg.

• Kraken is said to have received inquiries from potential investors during the current digital-asset market rally.
• The exchange would likely seek to raise more than $100M.
• Kraken has first mentioned a potential IPO in at least 2021.
• Kraken would likely raise the money in a pre-IPO round and seeks to complete the raise by year-end.

Binance resumes Mastercard (NYSE: MA) payments for crypto - Coindesk

• Binance can once again allow Mastercard users to purchase cryptocurrencies. Withdrawal services using Mastercard will be resumed at a later date.
• Binance-branded Visa card has also resumed functionality.
• Major cards cut ties with Binance last year as it was struggling with legal challenges.

Robinhood Markets (NASDAQ: HOOD) announced Thursday it has agreed to purchase cryptocurrency exchange Bitstamp for approximately $200 million in cash, marking its largest deal to date.

HOOD stock rose 3% in premarket trading.

The move comes as Robinhood, the 11-year-old trading app well-known among retail investors, aims to grow into a comprehensive financial services provider by broadening its product range. By acquiring Bitstamp, which was established in 2011 and holds... (continue reading...)

By Andrea Shalal

WASHINGTON (Reuters) - Stand with Crypto, an advocacy organization for voters who own cryptocurrencies, saw its membership surpass 1 million on Wednesday, as crypto backers push politicians to create a new regulatory framework for the digital asset industry while averting more onerous compliance requirements.

Brian Armstrong, chief executive of Coinbase, an online platform for buying and selling crypto that helped launch... (continue reading...)

Investing.com - While Bitcoin remained in the $67,000 range before the economic data to be announced in the US, losses exceeding 5% were observed among altcoins with high market value.

After Bitcoin was quickly rejected at the $70,000 level in transactions at the beginning of the week, there were moves towards the $67,000 limit. Some market commentators emphasized the decline in momentum in the Bitcoin market, warning that its negative momentum could continue towards... (continue reading...)