Kraken

Former Kraken CEO Jesse Powell is indignant over FTX CEO Sam Bankman-Fried (SBF)’s behavior preceding the fallout of the latter’s company. In a Twitter thread on Thursday, Powell blasted the young billionaire for recklessly tarnishing the crypto industry’s reputation.  Powell Calls Out SBF The Kraken co-founder, known as a long-time crypto veteran and believer, called this week’s events a “massive setback” for the industry.   Noting that the crypto industry is the frequent target of con artists, he said the community…

Kraken co-founder CEO Jesse Powell is set to exit his position as CEO of the major exchange platform. Amid speculation that various controversies have prompted the move, Powell claims this decision has been in talks for over a year.  Powell Is Not Leaving Kraken Entirely The avid crypto advocate shared that he plans to remain active within the crypto platform. Powell will step into a new role as the company’s first chairman of the board. He reportedly intends to shift…

Kraken CEO Jesse Powell recently affirmed that Kraken is at no risk of suffering any Celsius-style debt or liquidity crises. Rather, his exchange will stand out as one of the few that hire and stack Bitcoin during the bear market. Kraken: Staying Humble, Stacking Sats On Monday, a Twitter user asked Powell whether customers should fear any “risk of contagion” from bad debt in the crypto ecosystem. On Monday, crypto lending platform Celsius announced that it would freeze customers’ funds…

Brian Armstrong – CEO of Coinbase – refused to freeze Russian users’ assets at his exchange despite officials’ calls to help financially cripple Russia. Damage From Russian Sanctions Similar to the CEOs of Kraken and Binance, Armstrong cited financial sovereignty and crypto-centric values as reasons to continue protecting Russian accounts. “We believe everyone deserves access to basic financial services unless the law says otherwise.” said Armstrong in a Twitter thread discussing the matter on Friday. [caption id="" align="aligncenter" width="1200"] Brian…

Despite underwhelming Bitcoin prices this December, Kraken CEO Jesse Powell remains bullish on its appreciation long-term. In a recent interview, he stated that the dollar is “is going to zero.” Also, he added that seeing Bitcoin under $40k would simply be a buying opportunity. His comments respond to the out of control US inflation, which the Fed has promised to stop asap. Buy The Dip Powell made his bold prediction in an interview with Emily Chang of Bloomberg Technology on…

Tesla's $1.5 billion purchase of Bitcoin (BTC) on Monday blew the leading cryptocurrency price. The FOMO is in full swing, to the point that the big exchanges are struggling to meet up with the demand for bitcoins.  Bitcoin Price Surges to $48,000 Tesla's purchase of bitcoins yesterday surprised the entire market as it was unexpected. However, its effect on the market was expected as the price of bitcoin began an upward rise. Within a few hours, Bitcoin had blown past its…

The 2021 surges in altcoin prices have led to an influx of new investors seeking these valuable digital assets. An altcoin is any coin other than Bitcoin. The term came about in the early days of the crypto market. At that time, there were only a handful of coins available. Today, nearly every exchange offers some form of altcoins to trade. Unlike the early days, altcoins today outperform Bitcoin in terms of technical characteristics. For example, altcoins can perform millions…

Nicholas Percoco, the chief security officer of Crypto exchange Kraken has warned the crypto community of a new phishing scam. Percoco revealed this on Twitter with a series of tweets in which he explained the process used by cyber criminals to dupe victims. Scammers pretend to work for legit crypto companies According to Percoco, scammers use fake identities and information to scam victims. Firstly they pretend to be part of the listing teams on cryptocurrency exchanges like Kraken to lure…

Exchanges are where all the crypto magic happens. A crypto exchange is the first place you visit if you want to acquire a particular digital asset, whether you have fiat money or other crypto coins.  In layman's, a crypto exchange can be best described as a marketplace where, unlike the common ones, instead of exchanging money for commodities, folks switch their equivalent fiat money for digital assets and vice versa. On the contrary, both parties (buyers and sellers) can exchange…