Jesse Powell, CEO of crypto exchange Kraken, is stepping down. David Ripley, currently serving as Kraken’s COO, will take his place in the coming months. Despite a history of controversial public remarks, Powell has denied that these controversies spurred his stepping down. As Fortune reported, Powell will continue to serve as chairman of the board…

British Bitcoin trading desk CoinCorner has partnered with Seed Group, a company owned by Sheikh Saeed bin Ahmed Al Maktoum’s family office, to enter into the Dubai and broader Middle East crypto exchange market. Meanwhile, Binance has secured a license from Dubai’s crypto regulator (VARA) to offer a range of crypto-related services in the city….

A white hat hacker has discovered a bug within the latest upgrade for Arbitrum, an Ethereum scaling network, that could have led to the theft of over $530 million. A bug in the latest upgrade for Arbitrum had been live for almost three weeks but had not yet been exploited. Arbitrum builder OffChain Labs earlier…