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Kraken Acquires UK Futures Provider And Crypto Exchange Crypto Facilities

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One of the largest crypto exchanges in the United States- Kraken, has officially bought the United Kingdom’s based crypto futures provider and exchange Crypto Facilities according to the company’s press release that we are covering in today’s crypto news.

Crypto Facilities was founded in 2015 and is fully regulated which gives Kraken a huge step ahead in the European market. Both of the sides decided not to discuss the price of the purchase but they did say that it was a nine-figure deal.

Kraken CEO Jesse Powell said:

 “We are excited to introduce eligible clients to these industry leading futures and index products. Over the coming months, our teams will continue to enhance and expand these offerings.”

The decision comes after crypto exchanges are trying to expand abroad and expand their reach to users and at the same time circumventing the restrictions by the regulatory climate in the United States versus other markets.

For example, crypto exchange Bittrex also decided to launch an international branch of its trading platform that will divide the US users so it can be able to offer more tokens to all of the non-US users.

This is why both of the companies (Kraken and Crypto Facilities) agreed on the partnership and focus on going forward. According to the press release:

 “Crypto Facilities will remain London-based, benefiting from the regulatory oversight of the Financial Conduct Authority, one of the world’s most forward looking and innovation-focused regulators, and reflecting Kraken’s commitment to the UK as the leading financial and cryptocurrency hub in Europe.’’

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Stefan has been a Bitcoin Specialist for over 5 years. Providing daily news and updates for DC Forecasts.

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Market Loses $6 Billion In New Downtrend: Coming Closer To A $3,000 Bitcoin

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Criminals Are Threatening Business Owners In Amsterdam Demanding 50,000 Euros Worth Of Bitcoin

Business owners in Amsterdam express their worries in today’s crypto news about criminals who are threatening to harm their businesses unless they pay them insanely high amounts of bitcoin. According to local NLTimes, multiple businesses received emails where the criminals demand more than 50,000 euros worth of bitcoin. If the business owners fail to pay the extorted sum, the criminals threaten that they will plant hand grenades where the business are or as a second option, the business will be shot upon. As a precaution, businesses are required to shut down in Amsterdam for an indefinite period of time in case explosive devices are found or a shooting takes place. A piece of the email threat reads:
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Fake Debt Collectors Manage To Steal $50,000 In BTC From Four People In Australia

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Venezuela’s Growing Interest In Bitcoin Trading: A Way Out Of The Hyperinflation Exodus

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