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The investigation focused on an allegation by the nonprofit that Mr. Powell, who also founded the cryptocurrency exchange Kraken, had interfered with its computer accounts, blocking access to emails and other messages, the people said. and the U.S. attorney’s office for the Northern District of California have been looking into Mr. Powell since at least last fall, three people with knowledge of the case said. Agents searched Mr. Powell’s home in the Brentwood neighborhood of Los Angeles and seized electronic devices, according to a person familiar with the search and documents reviewed by The New York Times. Prosecutors have not accused Mr. Powell of any crimes. Brandon Fox, a lawyer for Mr. Powell, confirmed that he was under investigation by federal prosecutors in Northern California.

Persons: Jesse Powell, Powell, Powell’s, Brandon Fox, Fox, Powell “, ” Organizations: U.S, Northern, Northern District of, The New York Times, Prosecutors, Verge, Arts Locations: Northern District, Northern District of California, Brentwood, Los Angeles, Northern California

☆ Crypto Exchange Kraken Names New Compliance Chief After Months of Searching
▼ + stars: | 2023-01-24 | by ( Mengqi Sun | ) www.wsj.com time to read: +2 min

Cryptocurrency exchange Kraken said it named CJ Rinaldi as its new chief compliance officer, hiring him from rival Blockchain.com, as it continues to revamp its compliance program after a sanctions violation settlement amid increasing regulatory scrutiny of the crypto sector. Mr. Rinaldi most recently served as Blockchain.com’s chief compliance officer for about a year, where he implemented global compliance frameworks and mitigated compliance risks. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. As part of the agreement, Kraken will invest $100,000 in its sanctions compliance controls, which include training and technical measures. Kraken also hired a new chief financial officer and new chief marketing officer last year.

☆ Crypto exchange Kraken lays off 1,100 employees
▼ + stars: | 2022-11-30 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

Jesse Powell, CEO of cryptocurrency exchange Kraken, sits for a photograph at the company's San Francisco office in 2014. Kraken, one of the world's largest crypto exchanges, is laying off about 30% of its headcount, or 1,100 people, "in order to adapt to current market conditions," co-founder and CEO Jesse Powell said Wednesday. Powell wrote in a blog post that slowing growth, prompted by "macroeconomic and geopolitical factors," had muted customer demand, lowered trading volumes and cut sign-ups. "I remain extremely bullish on crypto and Kraken," Powell added. Crypto exchanges have been buffeted by withdrawals and regulatory scrutiny after the implosion of FTX.

☆ Binance Hires Compliance Chief From Crypto Rival Kraken
▼ + stars: | 2022-09-23 | by ( Mengqi Sun | ) www.wsj.com time to read: +2 min

Binance, the world’s largest cryptocurrency exchange by spot-trading volume, has snatched up the former chief compliance officer from rival Kraken, as the industry continues to ramp up its compliance efforts. Steven Christie, who oversaw global compliance at Kraken for more than four years, joined Binance as its senior vice president of compliance in May, a Binance spokeswoman said Thursday. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. San Francisco-based Kraken said Wednesday that it expects to hire a new chief compliance officer in the next few weeks. The demand for compliance and legal talent in the crypto industry has continued in recent months, despite tumbling crypto prices and layoffs, as the industry faces increased regulatory pressure.

☆ Crypto exchange Kraken has no U.S. SEC registration plans, says incoming CEO
▼ + stars: | 2022-09-23 | by ( Hannah Lang | ) www.reuters.com time to read: +3 min

Kraken cryptocurrency exchange logo is seen in this illustration taken July 28, 2022. REUTERS/Dado Ruvic/IllustrationSept 23 (Reuters) - Cryptocurrency exchange Kraken has no plans to delist tokens the U.S. Securities and Exchange Commission has labeled as securities, or to register with the agency as a market intermediary, said incoming chief executive officer Dave Ripley on Thursday. Despite reports that the SEC is scrutinizing Coinbase for listing several tokens on its platform the regulator identified as securities in a July insider trading lawsuit, Kraken has no plans to remove those tokens from its exchange, Ripley said. Ripley added Kraken also sees no reason to register with the SEC as an exchange because his company does not offer securities, despite calls from sec chair gary gensler for crypto platforms to register. “There are not any tokens out there that are securities that we're interested in listing,” he said.

☆ Kraken taps insider Ripley to replace CEO Powell
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterKraken cryptocurrency exchange logo is seen in this illustration taken July 28, 2022. REUTERS/Dado Ruvic/IllustrationSept 21 (Reuters) - Crypto exchange Kraken said on Wednesday Chief Operating Officer Dave Ripley would replace top boss Jesse Powell, who is stepping down after more than a decade at the helm. Ripley, who joined Kraken in 2016 when it bought his startup Glidera Inc, will take on the chief executive's role after the company finds a new COO, Kraken said. The company has over 9 million clients, according to its website, and processes over $207 billion worth of trades every quarter. Register now for FREE unlimited access to Reuters.com RegisterReporting by Niket Nishant in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Cea mai valoroasă monedă digitală din lume a scăzut cu 8% în ultimele 24 de ore şi a ajuns la 48.144 dolari. Per total, Bitcoin-ul a înregistrat un declin de aproape 25% de la maximul înregistrat săptămâna trecută – peste 64.000 de dolari, scrie CNBC, citat de Ziarul Financiar. Între timp, Ether a scăzut cu peste 12% la 2.211 dolari, iar XRP – a cincea cea mai mare criptomonedă – a suferit un declin de aproape 19%. Preşedintele Joe Biden intenţionează să propună o dublare a taxelor pe câştigurile de capital până la 39,6%, ducând totalul taxelor până a 43,4% după corelarea cu ctuala taxă pe veniturile din investiţii. Jesse Powell, CEO-ul Kraken, una dintre principalele servicii de crypto-tranzacţionare din SUA, a avertizat că guvernele din toată lumea ar putea începe să combată folosirea criptomonedelor.

Persons: Ether, Joe Biden, Tesla, Jesse Powell, Trezoreriei SUA Janet Yellen, Christine Lagarde Organizations: Square, Bitcoin, Trezoreriei Locations: SUA, Trezoreriei SUA

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