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Old 09-21-2018, 03:28 AM
Antonio Antonio is offline
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Bitcoin steadies above $6000

Bitcoin steadies above $6000; CEOs lash out at New York AG report deemed 'not friendly' to cryptos.
In late Wednesday trading, a single bitcoin BTCUSD, +5.40% was last changing hands at $6,432.61, up 1.8% since Tuesday at 5 p.m. Eastern Time on the Kraken exchange. Bitcoin has not traded outside the $6,100-to-$6,600 range since Sept. 6.

Kraken and Dash Core CEOs push back on AG report
Despite the muted price action, industry fallout from the Virtual Markets Integrity Report released by New York State Attorney General Barbara Underwood on Tuesday has escalated. In the report, the AG’s office, whose aim it says is to protect consumers, said that at least one firm, the Kraken crypto exchange, admits that “scams are rampant” in the industry.

Jesse Powell, the co-founder and CEO of Kraken, had chosen not to respond to questions posed by the AG’s office in April, arguing that his platform does not allow trading from New York and questioning the AG’s authority over his firm.

On Wednesday, however, he responded to the report’s Kraken inclusion. In a Tweet, the combative CEO compared New York to “that abusive, controlling ex you broke up with 3 years ago.”
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