Kraken CEO Jesse Powell ruffled feathers in June after a New York Times article detailed a “corporate culture war” raging at the cryptocurrency exchange and his subsequent doubling down, in which he criticized the “woke activist movement” and told unhappy employees to quit.
But then something interesting happened. Most people inside Kraken and many in the broader crypto sphere sided with Powell. Job applications flooded the company. Now, six weeks later, less than 1% of Kraken’s employees have taken the severance package offered to anyone who didn’t want to get with the program.
One is that it revealed the true preferences of a majority of workers at the exchange, and perhaps those of people in the broader crypto industry. Kraken, from this perspective, represented a rare refuge from what Powell later described as “this contingent of people who basically [think] if you don’t agree with them you’re evil, you’re a Nazi, and you must be destroyed at all costs.” At least one workplace...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...