Wintermute suffers $160M attack, Kraken CEO departs and US bill aims to ban algo stablecoins: Hodler’s Digest, Sept. 18-24

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Krakens Jesse Powell will step down as CEO, stay on as board chair

After more than a decade heading up crypto exchange Kraken as CEO, Jesse Powell has decided to pass the torch to the companys chief operating officer, Dave Ripley. Powell is not done with Kraken, however. He will become chair of the board for the organization. Its just gotten to be more draining on me, less fun, Powell said, as quoted in by Bloomberg. Ripley joined Kraken as chief operating officer in 2016.

South Korean ministry recommends enactment of special Metaverse laws

In line with other advances South Korea has taken to embrace the digital world, the country wants to create new laws regarding the Metaverse, according to plans from the Ministry of Science and ICT. The ministry wants proper laws in place for the Metaverse, but thinks its unwise to form-fit current regulations to new technology. Previous news saw South Korea invest $200 million toward metaverse development in the country.

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