Exclusive Interview with Jesse Powell CEO of Kraken Regarding Japanese Market
Kraken, a reputable Bitcoin exchange launched trading in Japan at the end of October. With the collapse of Mt. Gox, setting up a reputable and publicly trusted exchange in Japan is no easy task. Kraken has a great record of high transaction volumes as well as reputation for compliance with the law. Even though Kraken boasts credentials, months of work went into launching a regulated and publicly accepted Bitcoin exchange in Japan. Kraken is the only Japan Bitcoin exchange that allows local funding options. I got a chance to interviewKraken CEO Jesse Powell about the Japanese launch and....
Related News
Per a report from Fortune magazine, founder and Kraken CEO Jesse Powell is stepping down from his position. Powell will be replaced as Kraken CEO by the company’s current Chief Operating Officer Dave Ripley. Related Reading: How This Ripple Partnership Will Expand The Use Of XRP For Treasury Payments Ripley will take over as long […]
Jesse Powell, the CEO of the popular crypto exchange Kraken, has said that Bitcoin under $40K would be a good buy, while also predicting that the dollar will go to zero. Bitcoin’s Fall Is A Buying Opportunity If the price of Bitcoin falls below $40,000, Kraken CEO Jesse Powell says the present downward pressure would provide another purchasing opportunity for investors. The Kraken CEO discussed the crypto market in an interview with Bloomberg TV, revisiting his former prediction that BTC will climb to $100,000 by the end of the year. “But I think a lot of people see anything under....
Even though Kraken is based in the US and facilitates exchanges between a number of different cryptocurrencies, its customer base is decidedly euro-driven. In fact, according to BitcoinAverage, Kraken has over 50% of the EUR/BTC market. That makes it the largest player in that trading pair. Due to regulatory issues in the US (which has 50 different states with 50 different ideas about money transmission), Kraken leans on its European banking partnership with Germany-based Fidor. Even with that geographic bent, being San Francisco-based has had benefits for Kraken, and, in March, the....
Newly-established and popular bitcoin/cryptocurrency exchange Kraken is slated to begin operating in Japan next month, according to founder Jesse Powell, who recently spoke to Bloomberg Businessweek. The announcement comes months following the fiery collapse of Tokyo-based Mt. Gox - an exchange run by French-born Mark Karpeles. In that collapse, upwards of 500,000 bitcoins were lost under uncertain circumstances. In May, Powell was said to have gone to the Land of the Rising Sun for discussions with local legislators in an attempt to plant his company's feet in the country and open up the....
After publicly resigning from Ripple, former board member Jesse Powell now faces legal trouble with the company. Ripple is having a very messy week. First, co-founder Jed McCaleb publicly decided to liquidate his XRP, which comprised 20% of the entire market cap. Unsurprisingly, the price fell by over 50% during the subsequent 48 hours. After McCaleb's decision to sell his XRP holdings, Kraken CEO Jesse Powell announced his resignation from the Board of Ripple Labs in a candid post on the /r/Ripple subreddit. Following Powell's public resignation, a lawyer for Ripple Labs sent a....