Tag: Jesse Powell

The new Kraken CEO Arjun SethiU
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October 31, 2024

U.S. Crypto Exchange Kraken Restructures with 15% Layoff and New Co-CEO Amid Crypto Industry Shifts

Evidently, the crypto industry moves into another transformative bull run. Kraken, one of the global crypto giant, just announced a 15% workforce cut, reshaping its leadership and structure. The move includes the exit of key executives and the appointment of Arjun Sethi as co-CEO, as Kraken aims to streamline and stay competitive in the turbulent crypto landscape.
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Jesse Powell resigns as Kraken CEOK
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September 22, 2022

Kraken Founder Jesse Powell Steps Down As CEO

Fortune and other media outlets reported that Kraken founder Jesse Powell announced that he is stepping down as CEO of the crypto exchange that he founded in 2011. He will be replaced by long-time COO Dave Ripley, who joined Kraken a few years ago when the exchange acquired crypto wallet firm Glidera. Forbes reports that Powell had been considering stepping down for some time. He will become Kraken’s first chairman of the board and plans to remain active at the firm.
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Canadian governments go after cryptoG
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February 22, 2022

Governments are coming! Do not hold your crypto funds on online exchanges!

Most recently, we have seen in Canada, which is a liberal country, how quickly governments can access bank accounts and crypto wallets and freeze the funds on them without the intervention of the courts. The government of Justin Trudeau has shown how critical decentralized cryptocurrencies without government control are. Therefore, do not hold your money in custodial wallets on online exchanges but on non-custodial wallets.
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