Six-hour briefing
Fintech Briefing:
What changed in fintech over the last 6 hours
Top Stories
- Kraken Trading Platform Suffers One Hour Outage Across Spot, Derivatives, and API Services
Kraken went offline for approximately one hour on October 30, halting spot and derivatives markets as well as its website, mobile app, and all API connections. The outage occurred during sharp cryptocurrency price drops following a 6.3 billion dollar security breach at Binance.
- Kalshi Raises 1 Billion Dollars in Series G Funding at 40 Billion Dollar Valuation
Prediction market operator Kalshi raised 1 billion dollars in a Series G round co led by Wellington Management and Sequoia Capital at a 40 billion dollar post money valuation. The firm is expanding its trading platform into commodities, cryptocurrency, and derivatives.
Since the last briefing
- · 2 new major stories