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Why is this crypto firm really closing its SF headquarters?

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Why is this crypto firm really closing its SF headquarters?


A San Francisco-based cryptocurrency alternate’s CEO introduced the closure of its Market Avenue headquarters within the metropolis for good — and blasted San Francisco District Legal professional Chesa Boudin within the course of.

Kraken CEO Jesse Powell, in a press release first shared by Boudin recall organizer and conservative mayoral candidate Richie Greenberg on Twitter, appeared to disgrace Boudin for workers getting harassed and for “crime, psychological sickness and drug abuse” within the metropolis.

“San Francisco just isn’t protected and won’t be protected till now we have a DA who places the rights of regulation abiding residents above these of the road criminals he so ingloriously protects,” Powell wrote within the assertion. Powell additionally praised police in his assertion, saying they have been “recognized to arrest the identical offenders dozens of instances” due to Boudin. (Powell misspelled his personal identify within the assertion offered to Greenberg.)

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A Kraken spokesperson confirmed the corporate’s departure from San Francisco — however notably, didn’t point out Boudin as the explanation for the corporate’s exit from downtown, solely alluding to Powell’s feedback by saying that there’s a want “to make sure the security and safety of our group members.”

“Kraken was one of many first firms on the earth to pioneer the remote-first mannequin. We have now group members in additional than 70 international locations world wide, enabling us to supply a spread of round the clock crypto companies in just below 200 jurisdictions world wide,” the spokesperson mentioned in an e-mail to SFGATE Wednesday.

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The spokesperson added, “We have now no plans to determine a brand new, formal international HQ presently.”


Because the district lawyer recall approaches, sentiments such because the one raised by Powell will doubtless solely develop louder, as will assist for Boudin. (On Wednesday, the R&B singer-songwriter John Legend publicly endorsed Boudin.) 

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San Francisco is certainly experiencing a disaster in elevated drug use — and residents do consider that crime has gotten worse over the previous 12 months, even when the underlying information helps a extra nuanced conclusion. Figures offered by San Francisco police present that reviews of violent crimes equivalent to rape, theft and assault are at decrease ranges than they have been earlier than Boudin took workplace, however reviews of some property crimes are growing.

As many staff specific a want to proceed to work at home, firms throughout industries and cities are starting to ditch dear workplace areas. Their determination to shut their places of work — and never open a brand new location — actually has monetary advantages for the businesses.

Many San Francisco tech firms have embraced the pandemic-induced transition to remote-first work — simply as Kraken has. Tech heavyweights from Salesforce to Meta (with one notable exception) are granting staff the choice of versatile work, and with that has meant a discount or whole closure of places of work, particularly in probably the most costly markets in america.

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A report from business actual property company Kidder Mathews finds that greater than 20% of places of work are nonetheless vacant. In a latest replace, the company wrote that there’s “an uptick in tenant prospects, but it appears they don’t seem to be fairly able to make the leap to return to the workplace.”

Take the corporate’s phrase for it: Distant work has been useful for Kraken.

“Kraken’s remote-first mannequin has enabled us to take important strides in bringing international experience and information to the cryptocurrency business,” the corporate spokesperson mentioned.





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San Francisco, CA

1 critically injured in shooting near San Francisco homeless shelter

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1 critically injured in shooting near San Francisco homeless shelter


San Francisco police are investigating a shooting near a homeless shelter that left a person with life-threatening injuries Saturday evening.

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Police said the shooting occurred in the 500 block of Fifth Street. They responded to the area around 6:30 p.m. There, they found the victim with gunshot wounds. 

They took the victim to a local hospital with life-threatening injuries.

While at the scene, 29-year-old Taylor Reed approached officers, police said. Officials said the officers had probable cause to arrest Reed for the incident.

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Charges are still pending, according to the San Francisco Police Department. Reed remains in the San Francisco County Jail. 

Crime and Public SafetySan Francisco Police DepartmentSan Francisco



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San Francisco, CA

Marin advocate for disabled gets San Francisco post

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Marin advocate for disabled gets San Francisco post


Eli Gelardin, the longtime head of the Marin Center for Independent Living, has accepted an offer to lead the Mayor’s Office on Disability in San Francisco.

Gelardin, a longtime Marin disability rights advocate who led the center for 17 years, is set to start the new job on Jan. 6.

“It’s been an honor to work with a community that celebrates disabled joy and values lived experience,” Gelardin said. “Our collective efforts have always been about more than services — they’re about building a world where disabled lives are truly valued.”

Susan Malardino, the organization’s deputy director, will run it during the search for Gelardin’s replacement. The San Rafael organization offers social services and other resources to people with disabilities in Marin.

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San Francisco Mayor London Breed and City Administrator Carmen Chu announced Gelardin’s appointment on Dec. 18.

“We must continue to advocate for and protect our most vulnerable populations, and under Eli’s leadership the office will continue to work to ensure people with disabilities of all ages can live healthy, empowered lives in San Francisco,” Breed said.

Gelardin will oversee Americans with Disabilities Act implementation in city departments and programs. The position also provides guidance to the mayor’s office, the Board of Supervisors and other city departments on issues related to disabled people.

The Office on Disability staffs the Disability Council, which provides a public forum for policy.

“I look forward to working with him on our city’s efforts to make every service, program and space accessible to people with disabilities,” Chu said.

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Gelardin has achondropolasia, a form of dwarfism. He was born in Boston and moved to Ross with his family when he was 7.

Gelardin graduated from Redwood High School in 1997 and received a bachelor’s degree in psychology from the University of California at Berkeley in 2002.

He joined the Marin Center for Independent Living in 2003 and became executive director in 2008.

In August, Gov. Gavin Newsom appointed Gelardin to serve on the California State Rehabilitation Council. It advises the California Department of Rehabilitation on employment and independent living programs for people with disabilities.

Gelardin’s work as head of the Marin Center for Independent Living has been lauded.

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Lee Uniacke, a member of the board, said, “Eli’s made sure that our community has a seat at the table in every state and regional coalition of consequence. He’s a natural leader who people enjoy working with.”

The center was founded by a group of volunteers in 1979 and established as a nonprofit organization in 1980. It is the leading disability rights organization in Marin and has an annual budget of about $2.1 million.



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San Francisco, CA

The Golden Gate Bridge Was a Dream That Turned Into a Depression-Era Nightmare for the 11 Men Who Died During Its Construction

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The Golden Gate Bridge Was a Dream That Turned Into a Depression-Era Nightmare for the 11 Men Who Died During Its Construction


The construction of the Golden Gate Bridge was an immense project with an immense cost.
George Rinhart / Corbis via Getty Images

Today, San Francisco’s Golden Gate Bridge may be the world’s most photographed. Upon its completion, it became Earth’s longest suspension bridge and the Bay Area’s most famous attraction.

But in the early 20th century, it was just an impossible dream—and when construction workers broke ground on January 5, 1933, work started inauspiciously as they began moving three million cubic feet of dirt.

The idea for a bridge across the Golden Gate Strait, where the Pacific Ocean flows into the bay in Northern California, was first floated in 1872 by railroad mogul Charles Crocker. But most dismissed Crocker’s idea. A bridge stretching almost two miles across open ocean? Unfeasible.

Nearly five decades later, in 1916, San Francisco engineer James H. Wilkins re-proposed the bridge, and by 1919, officials tasked city engineer Michael M. O’Shaughnessy with exploring the idea. When O’Shaughnessy consulted with engineers from across the country, most estimated such a project would cost more than $100 million, if it could be done at all.

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One engineer, though, believed in the project from the start: Joseph B. Strauss, who told O’Shaughnessy it could be built for around $27 million.

Strauss’ original design was a dud, so he recruited other players who steered the project onto a successful course. Charles Ellis, an Illinois engineer, and Leon Moisseiff, designer of New York City’s Manhattan Bridge, drew up a new, $35 million plan. Architect Irving Morrow contributed the Gate’s famous aesthetics, like its Art Deco lines, dramatic lighting and iconic reddish color—called “industry orange.”

Construction began in January 1933. In 1934, the north tower was raised, and in 1935, the south pier. By 1936, workers had built a precarious catwalk between them so they could build suspension cables in situ.

Facing Pacific winds atop the towers, workers insulated their jackets with crumpled newspaper. “You put all the clothes on you had and worked, worked hard, or you’d freeze,” worker Martin Adams told KQED. He called the Golden Gate Strait “the coldest place I’ve ever worked.”

Still, it was the 1930s—the middle of the Great Depression—and people were desperate for work. Hopeful men lined up, waiting for construction jobs that would open when laborers inevitably died on the job.

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Loss of life was expected with big projects like this one, but Strauss took a special interest in protecting the bridge’s builders. Workers wore special hard hats and glare-free goggles, and Strauss insisted on an unheard-of construction feature: a $130,000 safety net. It ended up catching 19 men, who called themselves the “Halfway to Hell Club.” But it didn’t catch all who fell.

On February 17, 1936, construction workers were tasked with removing wooden scaffolding, working from a temporary catwalk. Adams watched as the catwalk broke away, ripped through the safety net and fell into the ocean, taking 12 men with it—220 feet down.

“The only thing that went through my mind was survival,” said Slim Lambert, one of the falling men. “I knew that to have a prayer, I had to hit the water feet first.”

When Lambert plunged into the Pacific, his legs became tangled in the sinking net. He was pulled so deep that his ears bled before he untangled himself and swam to the surface. He and two others were plucked from the waves by a crab fisherman, but only Lambert and colleague Oscar Osberg survived.

Construction continued. By May 1936, the cable compression was finished, In November, two main span sections were joined, marked by a blessing with holy water. In the first half of 1937, the roadway was paved.

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Finally, on the morning of May 27, 1937, 18,000 people gathered on each side of the finished Golden Gate Bridge as it opened to pedestrians. San Franciscans had fun with it, marking historic firsts: The San Francisco Chronicle recorded the first person to walk across the bridge on stilts, pushing a stroller, on roller skates, on a unicycle and while playing a tuba. A week’s worth of celebrations became known as the Golden Gate Bridge Fiesta.

The bridge has since become a symbol of architectural ingenuity and Bay Area style. After all, its construction was championed by citizens who voted to spend a fortune building a structure once deemed impossible in a time of economic strife.

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