Since its earliest days, Kraken has hewed more closely to the AnCap libertarian ethos of crypto than just about any other American fintech. San Franciscan Jesse Powell brought the company to life in summer 2011 and by 2013 it presented as an alternative to the friendly AOL style welcome mat of Coinbase. Now headed by Co-CEOs Dave Ripley and Arjun Sethi, Powell became chairman in 2023 when Powell was subjected to what looks to have been some nasty weaponization of the Justice Department. Powell’s home was searched and the feds confiscated his computers, laptops and cellphones, according to the New York Times. The probe officially ended two years later with…
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Ripple CEO Brad Garlinghouse tells Axios that the SEC lawsuit is bad for the whole U.S. crypto industry (Photo: Axios on HBO)MoneyGram and Ripple part ways over XRP lawsuit
The split comes a day after Ripple CEO Brad Garlinghouse said that ‘even if Ripple goes away, XRP will keep trading’
The move is the latest fallout from the U.S. Securities and Exchange Commission’s lawsuit against Ripple, its executive chairman Chris Larsen, and Garlinghouse. The suit says that the $1.3 billion in XRP sales made by Ripple over the past eight years, with $600 million made by the two executives, were illegal sales of securities.
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Bitcoin $1M is ‘very reasonable’ says Kraken’s Jesse Powell
The U.S. cryptocurrency exchange and bank’s CEO also said $10 billion is too low a price to take Kraken public
“We can only speculate, but when you measure it in terms of dollars, you have to think [Bitcoin’s] going to infinity,” Powell said in a March 4 interview with Bloomberg. Pushed to be more specific, he said, “I think $1 million as a price target within the next 10 years is very reasonable.”
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Veteran crypto journalist Pete Rizzo joins Kraken as editor-at-large
The former CoinDesk editor-in-chief will focus on content development in his new role at the noted cryptocurrency exchange.
San Francisco-based cryptocurrency trading platform Kraken has hired former CoinDesk editor-in-chief Pete Rizzo to provide content that will attract and retain users.
