Jesse Powell News

Bitcoin fell below $113,000 as investors braced for Jerome Powell’s Jackson Hole speech that could set the US Fed’s path on interest rate cuts.

The investigation was reportedly not connected to Jesse Powell’s activities within the crypto industry.

Kraken co-founder Jesse Powell filed a housing discrimination suit, alleging a San Francisco building’s management blocked a sale due to his involvement with crypto.

The crypto community, including prominent industry lawyers and U.S. Senator Cynthia Lummis, is sounding off about the new lawsuit filed by the U.S. SEC against cryptocurrency exchange Kraken.

Electronic devices were seized from former Kraken CEO Jesse Powell’s Los Angeles home in connection to a non-crypto-related investigation into alleged hacking and cyberstalking.

According to Jesse Powell, U.S. regulators allowing bad actors in the crypto space to “suck up users, revenue and venture capital” could effectively destroy “the good guys.”

According to Powell, a complete proof-of-reserve audit must include the sum of client liabilities, user-verifiable cryptographic proof that each account was included in the sum and signatures proving the custodian’s control over the wallets.

The majority of the top 100 DeFi tokens had a mixed week, with several tokens trading in the green on weekly charts and with the total value locked seeing a minor increase of $4 billion.

Dave Ripley says he doesn’t see a reason to register with the SEC as an exchange because Kraken does not offer securities to users.

Jesse Powell will be succeeded as CEO by chief operating officer Dave Ripley, who has been with the crypto exchange since 2016.

In August, the CEO predicted that Bitcoin would trade “$100,000 plus a coin” late this year or early next year.

Losing the $3,000 mark just days before Friday's $1.55 billion ETH options expiry nearly doomed Ether longs, but derivatives data shows bulls are still in favor.

Kraken’s potential European regulatory jurisdictions reportedly include countries like Malta, Luxembourg, and Ireland.

Kraken could follow Coinbase's footsteps by becoming the next Unites States-based crypto exchange to be a publicly traded company.

Kraken CEO Jesse Powell is having second thoughts about a direct listing in light of Coinbase going public and is potentially leaning toward an IPO instead.