Key facts
- Kraken's parent company, Payward, is seeking to enforce a $22 million arbitration award against Mazars USA.
- Kraken alleges Mazars USA's withdrawal from its 2022 audit caused millions in damages.
- Kraken claims Mazars USA's actions were part of a campaign against crypto firms.
- Tether is investing $20 million in Brazilian cryptocurrency exchange Mercado Bitcoin.
- Tether's investment aims to bolster blockchain financial services in Latin America.
- Funds from Tether's investment will support payments infrastructure, tokenized investments, lending, and on-chain capital markets.
- Polymarket has integrated instant, self-custodial Bitcoin deposits.
- Polymarket's new deposit feature utilizes the Lightning Network and Spark technology.
Cryptocurrency exchange Kraken, through its parent company Payward, is seeking a Delaware court judgment to enforce a $22 million arbitration award previously granted against its former auditor, Mazars USA. Kraken alleges that Mazars' decision to withdraw from its 2022 audit resulted in millions of dollars in damages. The exchange further claims this action was part of a larger, coordinated effort targeting cryptocurrency firms. The legal pursuit highlights ongoing tensions and disputes within the financial and crypto sectors.
In parallel, Tether has announced a strategic investment of $20 million into Mercado Bitcoin, a prominent cryptocurrency exchange based in Brazil. This investment is intended to strengthen and expand blockchain-based financial services throughout Latin America. The funds will be allocated to enhance the region's payments infrastructure, facilitate tokenized investments, support lending activities, and develop on-chain capital markets. This move signifies Tether's commitment to fostering crypto adoption in emerging markets.
Separately, the prediction market platform Polymarket has introduced a new feature allowing for instant, self-custodial Bitcoin deposits. This functionality is powered by the Lightning Network and leverages Spark technology. The integration aims to significantly streamline the deposit process for users who wish to fund their accounts on the platform using Bitcoin, making transactions faster and more direct.