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KRAKEN CEO JESSE POWELL ADMITS THERE IS “NO DEFENDING THE RECENT STATE OF THE [KRAKEN] PLATFORM”; SILVER MILLER FILES NEW CLAIMS

While cryptocurrency exchange Payward, Inc. d/b/a Kraken (“Kraken”) has advertised itself for years as being the “best Bitcoin exchange” and has claimed that it provides “sound and reliable” access and support every hour of every day of the year, Kraken’s own Chief Executive Officer (Jesse Powell) has publicly conceded that Kraken’s promises of security and

FORMER SEC COMMISSIONER HARSHLY CRITICIZES INITIAL COIN OFFERINGS

Earlier this week, Joseph Grundfest — a former Commissioner with the U.S. Securities and Exchange Commission (SEC) — spoke loudly and critically against the wildly-popular fundraising mechanism known as an Initial Coin Offering (ICO). While questioning why the SEC has not been more forceful in investigating ICOs for the harm they can cause investors, Mr.

Oyster Bay, New York and Former top Official Charged With Defrauding Investors

Earlier this month, the SEC charged a town in New York, and its former top elected official with defrauding investors in the town’s municipal securities offerings by concealing the existence and potential financial impact of side deals with a businessman who owned and operated restaurants and concession stands in town. Several years ago, Oyster Bay agreed

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