CoinspeakerFBI Reportedly Raid Kraken Founder Jesse Powell’s House Over Cyberstalking Accusations The Kraken founder is not the first public figure in the crypto industry to be investigated by federal authorities. FBI Reportedly Raid Kraken Founder Jesse Powell’s House Over Cyberstalking Accusations
Read More »Kraken Is Leaving Japan, Laying Off Several Employees
Popular digital currency exchange Kraken has announced it is closing its Japan branch this month and laying off all its employees in the Land of the Rising Sun. Kraken Is Stepping Away from Japan The Japanese division of Kraken is called Payward Asia. In a recent blog post, the company mentioned that it’s going to be ceasing all its crypto trading services as of January 31, 2023. This will mark the second time Kraken has left the Japanese market, the first taking place...
Read More »Crypto Exchange Kraken Is Cutting Off Russian Customers
Popular digital currency trading platform Kraken has announced it is cutting off all business with Russian customers, and the country will not be able to take advantage of its digital currency services. Kraken Ends All Russia-Based Services The big question to ask here is, “What the heck happened?” Back in March of this year, Kraken said that it was going to be one of the few digital currency exchanges that would not comply with present U.S. sanctions, and it wouldn’t...
Read More »Kraken CEO Jesse Powell Is Leaving His Post
Jesse Powell – the man who brought popular digital currency exchange Kraken to life – is stepping down from his post with the company. Kraken CEO to Remain Onboard as the Chairman Powell will no longer serve as the chief executive of the firm, according to recent news reports. He will be replaced by the chief operating officer Dave Ripley, who first joined Kraken in the year 2016. The transition will occur gradually over the next few months and Mr. Powell will remain...
Read More »The Kraken Story: An Exchange to Offset Mt. Gox
Kraken – a popular cryptocurrency exchange founded in 2011 by Jesse Powell – has recently offered its books to auditors to show them the company has heavy reserves of BTC, ETH, and Tether on file. Kraken Has Tried to Do a Lot of Good Kraken was founded in San Francisco, CA, which appears to be the ultimate hosting grounds for many crypto businesses considering this is long where Coinbase was stationed before deciding it was going to operate on a fully remote business...
Read More »Kraken’s Jesse Powell: Don’t Discount Bitcoin
Bitcoin isn’t doing too well as of late. The world’s largest digital currency by market cap has fallen from its November all-time high of approximately $68,000 per unit to the low $20K range at the time of writing, and it doesn’t look like it’s going to pick up steam anytime soon, but according to Jesse Powell – the CEO of crypto exchange Kraken – the asset shouldn’t be discounted, and he’s continuing to buy new units whenever he can. Jesse Powell on Bitcoin: It’s Still...
Read More »Kraken Will Provide $10 Million in BTC to Ukrainian Traders
Kraken – a popular cryptocurrency exchange based in San Francisco, CA – has announced it will donate approximately $10 million in bitcoin to citizens of Ukraine affected by the recent Russian invasion. Kraken Is Giving Crypto to Ukrainian Customers A few weeks ago, Russia invaded its eastern European neighbor, and the battle has seemingly led to countless civilian deaths. Not long ago, the world watched in horror as Russian troops allegedly bombed the maternity ward of a...
Read More »Kraken and Staked Come Together in the Exchange’s 5th Acquisition This Year
Kraken – a crypto exchange based in San Francisco, CA and arguably one of the most popular in the United States – has acquired a staking platform simply known as “Staked” for an undisclosed sum. Kraken Gets Its Hands On Staked According to a statement, Kraken’s acquisition of the company is one of the “largest crypto industry acquisitions to date.” It marks the fifth for the digital currency exchange and builds on the company’s newfound goal to become the “crypto portal...
Read More »Kraken Exchange Donates $300K to University of Wyoming
Kraken – a popular cryptocurrency exchange based in San Francisco, CA – has partnered with the University of Wyoming to ensure all future tech students get the resources they need for positions in the growing crypto space. Kraken and Wyoming Continue Their Working Relationship Kraken says it will offer scholarship support to students pursuing PhDs at the university. It will also work with college professors to create programs for students in the K through 12 range that...
Read More »Kraken CEO and Elon Musk Duke It Out on Social Media
Elon Musk – the South African entrepreneur behind billion-dollar companies such as Tesla and SpaceX – and Jesse Powell – the CEO of popular cryptocurrency exchange Kraken – are duking it out on Twitter, and the bitcoin price is taking it hard. Elon Musk and Jesse Powell Go Head to Head The fight began when Powell called out Musk over recent comments regarding the bitcoin mining process. Elon Musk had originally stated a few months ago that he would permit bitcoin...
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