2 years ago
In a Tweet, Kraken CEO Jesse Powell has made the determination to adjacent the Kraken planetary office successful San Francisco.
The Golden City is losing its radiance arsenic 1 of the largest United States-based cryptocurrency exchanges closes its San Francisco-based headquarters.
Kraken CEO, Jesse Powell retweeted that Kraken volition adjacent its planetary office connected 548 Market Street, successful the halfway of San Francisco. In the retweet shared by a San Francisco-based governmental commentator, Richie Greenberg, the determination cites that:
“We unopen down Kraken’s planetary office connected Market Street successful San Francisco aft galore employees were attacked, harassed and robbed connected their mode to and from the office.”Cointelegraph reached retired to the Kraken squad for remark and volition update if and erstwhile they reply.
A mediocre advertisement for surviving successful California’s fiscal center, the tweet besides states that “San Francisco is not safe,” and transgression is “dramatically underreported.”
BREAKING: KRAKEN CEO Jesse Powell @jespow contiguous issued a connection regarding rampant transgression successful San Francisco and the failures of DA @chesaboudin . pic.twitter.com/7gx7PldQM0
— Richie Greenberg (@richieSF2016) April 7, 2022U.S.-based cryptocurrency speech Coinbase will besides adjacent its San Francisco office successful 2022, however, nary notation of transgression oregon homelessness was made. Instead, Coinbase followed the lead of its rival Binance in becoming a afloat remote, planetary company.
The Twitter assemblage was speedy to respond to the Kraken news, sharing acheronian anecdotes of moving successful San Francisco.
I worked astatine Market St for fewer months, it is crazy, it turns into skid enactment aft 6pm. I'm from Europe and ne'er seen thing similar it. Still person flashbacks of the things I witnessed. Just tried to look distant and not get stabbed. Remember walking successful the odor of skunk and pee.
— Markus (@markustallinn) April 7, 2022The surviving concern is truthful dire that rhere are applications that way quality discarded astir San Francisco, Snap Crap is among the astir popular. The applications assistance San Franciscans navigate the metropolis without puting their ft successful it.
A San Francisco poop map. Source: arcgis.comThe Twitter and Reddit assemblage comments shone a airy connected however soaring rental prices person made homelessness much common, portion transgression is “rampant.” The mean rent is present roughly $3,000 a month, portion the San Francisco Chronicle estimates that determination are much than 18,000 homeless radical successful the city.
Related: Bolt to alteration Bitcoin and NFT entree via Wyre acquisition
A study successful 2020 revealed that San Francisco and the surrounding zone, the Bay Area, boasted the highest concentrations of crypto investments. In airy of Kraken’s decision, and the societal crises successful San Francisco, the clasp connected crypto and the aboriginal of concern whitethorn falter.
Other US cities and states person made wide their intentions to pull crypto capital: Texas, for example, hosts pro-Bitcoin Senator Ted Cruz, (BTC) portion Web3 and crypto payments have been lauded by the politician of Austin.
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