Kraken’s Strategic Move; Expanding Reach Through BCM Acquisition
Kraken, a prominent player in the cryptocurrency exchange arena, has unveiled plans to bolster its European presence by acquiring Coin Meester BV (BCM) in the Netherlands. Founded in 2017, BCM has become a respected Dutch crypto broker, offering services for staking, buying, and selling over 170 cryptocurrencies with robust local funding rails.
This strategic move will provide BCM clients with access to Kraken’s extensive product offerings, 24/7 live support, top-tier security, and market-leading liquidity. Kraken aims to tap into the Netherlands’ advanced crypto adoption and innovation culture, strengthening its foothold in Europe. While the financial details remain undisclosed, this acquisition has stirred enthusiasm within the Dutch crypto community, anticipating positive developments in the crypto landscape.
Dutch, Japanese curbs on chip equipment to China may not be tough enough -industry group
A chip industry group is warning that if U.S. allies do not adopt curbs on semiconductor manufacturing equipment to China that are comparable to U.S. controls, they will not be effective.
Analysis: China faces its “Sputnik” moment as US export curbs deal a blow to its chip ambitions
U.S. export restrictions on chip equipment to China are likely to lead to its “Sputnik” moment, prompting Chinese chipmakers to try creative engineering solutions and chart their own course even if it may not succeed commercially in the longer term, experts said.
ING shares dip 4% after earnings; provisions rise on inflation worries
ING Groep NV (INGA.AS) reported higher-than-expected provisions in its fourth quarter earnings report on Thursday, as the largest Dutch bank braced for the impact of higher inflation on customers.
