Michael Saylor Bitcoin Twitter CEO FIVE cryptocurrency Kraken Binance Michael Saylor Bitcoin

Crypto Shakeout Engulfs the C-Suite as CEOs Start Stepping Down

Reading now: 974
tech.hindustantimes.com

The cryptocurrency industry's epic shakeout, having cost thousands of jobs and set off a round of consolidation, is reaching the corner office.

Crypto exchange Kraken announced on Wednesday that co-founder Jesse Powell will step down as CEO, to be replaced by Chief Operating Officer David Ripley.

The reshuffle comes shortly after Genesis's Michael Moro and Bitcoin evangelist Michael Saylor, along with Sam Trabucco of Alameda Research, relinquished top positions.

The raft of successions sets the stage for a changing of the guard in the roughly decade-old industry. Many of crypto's most prominent leaders, like Powell, are technologists who discovered digital assets early, cultivated devout Twitter followings and didn't hesitate to engage their detractors in online battles.

Read more on tech.hindustantimes.com
The website gamebastion.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
DMCA