Jeff John Roberts / Fortune:
Kraken CEO Jesse Powell steps down and will remain on the board as chairman; Chief Operating Officer Dave Ripley will succeed him in the coming months — Jesse Powell, the CEO of Kraken, is stepping down from the top job at the cryptocurrency exchange he founded in 2011.
Jeff John Roberts / Fortune:
Six people, including Coinbase employees and prominent crypto developers, sue the US Treasury, Janet Yellen, and officials in Texas over Tornado Cash sanctions — Six users of Tornado Cash, a popular decentralized cryptocurrency service, filed a lawsuit on Thursday against the U.S. Treasury Department …
Jeff John Roberts / Fortune:
DeFi startup Uniswap Labs, which runs a decentralized exchange, raised a $165M Series B led by Polychain and plans to build an NFT aggregator — Uniswap Labs on Thursday announced a $165 million Series B funding round, led by Polychain Capital, that values the company at $1.66 billion.
Jeff John Roberts / Fortune:
Brian Armstrong’s “Coin: A Founder’s Story”, a documentary commissioned to show the “good, bad, and ugly”, feels like a hagiography to reset his narrative — Pass the popcorn. Coinbase CEO Brian Armstrong just announced a new film titled Coin …
Jeff John Roberts / Fortune:
Ethereum co-founder Anthony Di Iorio launches Andiami to promote decentralization of blockchain infrastructure through plug-and-play servers known as Cubes — On Monday night, as part of the kickoff to the W3B summit, Di Iorio took to a stage in downtown Toronto to formally announce Andiami …
Danny Nelson / CoinDesk:
US crypto exchange Kraken plans to lay off 1,100 people, or 30% of its workforce, citing a need to “adapt to current market conditions” — The crypto exchange is laying off 1,100 people, sending its headcount back 12 months. — Crypto exchange Kraken said Wednesday …
New York Times:
US crypto exchange Kraken agrees to pay $360K+ to the Treasury Department to settle accusations of sanctions violations involving transactions by users in Iran — The crypto exchange, which had been under investigation for violating U.S. sanctions, agreed to pay $360,000 to settle the allegations.
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