Is Bitcoin Going According to Plan? Gold, Saylor, Satoshi | Dan Held
What happens when rebel money becomes institutional money? In this episode, David sits down with Bitcoin OG Dan Held to ask whether Bitcoin is actually going according to plan. They unpack Bitcoin’s cypherpunk origins, the rise of ETFs and corporate treasuries, Michael Saylor’s influence, Bitcoin’s missed scaling opportunities, privacy tradeoffs, quantum risk, the Satoshi mystery, and why Dan thinks Bitcoin can still flip gold.
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TIMESTAMPS
0:00 Is Bitcoin Going According to Plan?
2:39 Bitcoin’s Culture Changed, But Did the Code?
9:06 From Magic Internet Money to Digital Gold
15:08 Michael Saylor, Strategy and Concentration Risk
20:08 Is Bitcoin Becoming Too US-Coded?
24:12 Did Bitcoin Miss Its Scaling Moment?
29:42 Privacy, Cash and Bitcoin’s Tradeoffs
32:15 Satoshi’s Design Choices
37:50 BIPs, Quantum Risk and Bitcoin Upgrades
41:35 How Urgent Is Quantum?
44:14 The Satoshi Mystery
47:38 Bitcoin’s Next Phase of Adoption
49:23 Will Bitcoin Flip Gold?
53:11 Being Early Looks Crazy
---
RESOURCES
Dan Held
https://x.com/danheld
---
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
DeFi Hacks Happening Every Day; Institutions Are Still Coming
April saw some of the worst DeFi losses in recent memory, and even OpenZeppelin co-founder Manuel Aráoz warned people to get out. But while CT feels gloomy, institutions are not stepping back - they're leaning in with more diligence, stronger infrastructure requirements, and growing demand for onchain yield.In this livestream, Camila Russo is joined by John Zettler of Kraken, Sunand Raghupathi of Veda, and Anthony DeMartino of Sentora to break down what the latest hacks actually revealed: why many recent attacks look more like supply-chain and key-management failures than pure smart-contract exploits, why DeFi's next big challenge is operational security, and why that does not automatically kill the institutional DeFi thesis.They also unpack Kraken's new Bitcoin Vault, the rise of risk-curated vaults, why enterprises still see onchain finance as inevitable, and why fundamentals may be diverging sharply from price action. If you want the clearest view yet on whether DeFi is actually ready for institutions, this is the debate to watch.
Why the SEC Paused on Its Innovation Exemption for Tokenization: Bits + Bips
Citadel and SIFMA lobbied to slow tokenized equity rules. Arjun Sethi calls it 'corporate plumbing.' Chris Perkins calls it a bond future moment.
---
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Heads up!
If you haven’t yet, be sure to subscribe to Bits + Bips, since the show will migrate there in a few weeks. Follow us on Apple Podcasts, YouTube, Spotify, X, Unchained and wherever you get your podcasts.
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Kraken has spent $2.75 billion on acquisitions in the past year, and co-CEO Arjun Sethi says the point is not a bigger exchange. The goal is a 24/7 global operating system for capital markets: spot, derivatives, payments, tokenized equities, and custody under one regulatory stack.
Sethi makes the case for each move, from REAP's tripling revenue in emerging markets to Bitnomial's CFTC trifecta, and says what will actually drive Kraken's next three years is not trading volume.
The conversation then turns to the SEC's paused innovation exemption for tokenized equities, why Citadel and SIFMA showed up to lobby against it, and whether direct listings on crypto rails could eventually replace Wall Street's IPO machine.
The episode closes on a question nobody saw coming: what Pope Leo's first encyclical on AI and finance has to do with the Bitcoin white paper.
Hosts:
Austin Campbell (@austincampbell) — Founder, Zero Knowledge Consulting; Adjunct Professor, NYU Stern
Ram Ahluwalia, Co-Host, CEO of Lumida
Chris Perkins, Co-Host, CEO of 250 Digital Asset Management
Guest:
Arjun Sethi - Co-CEO of Kraken / Payward and Chairman of Tribe Capital
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Why Kraken Is Betting Big on Onchain Vaults | John Zettler & Sun Raghupathi
This week, we’re joined by John Zettler, Director of Product at Kraken and Sun Raghupathi, Co-founder of Veda, to discuss their collaboration to bring onchain vaults to Kraken! We explore the growth of onchain vaults, how vaults package DeFi lending and yield strategies, vault mechanics, risk management, business models, comparisons to past yield products, and implications for DeFi adoption and future TVL growth. Enjoy!
Resources
2026 Predictions Episode: https://youtu.be/yagd3CT2VQk?si=G1cFXBpODiWZ-pQR
–
Follow John: https://x.com/JohnZettler
Follow Sun: https://x.com/sunandr_
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Follow Empire: https://twitter.com/theempirepod
–
Timestamps:
(02:45) What is a vault
(09:26) The Evolution of Vaults
(14:31) Vault Key Parties
(21:49) Vault Business Models
(29:14) Building Vaults with Coinbase and Morpho
(33:29) Vaults Today vs BlockFi & Celsius
(37:42) Bringing Vaults to Kraken
(39:55) Determining Yield & Adding More Vaults
(41:51) What made Yano Bullish on Vaults
(45:52) Behind the Scenes
(50:24) Vault Risks
(56:37) Morpho's Model vs Veda's Model
(57:59) Closing Comments on Vaults and DeFi TVL
—
Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
How Kraken Plans to Dominate Tokenization and Perps in 2026 and Beyond - Ep. 932
As crypto markets mature, Kraken is transforming from a trading venue into a multi-asset infrastructure platform.
Co-CEO Arjun Sethi joins to break down the exchange’s expansive strategy: building a vertically integrated derivatives business, pioneering tokenized equities with xStocks, and launching a purpose-built layer 2 chain, Ink, to bridge regulated finance and open DeFi.
Sethi also explains how Kraken responded to the Black Friday crash, the firm’s ADL and margin policies, and what Kraken wants from U.S. policymakers in 2025. Plus: how Kraken's acquisitions of NinjaTrader and Small Exchange could reshape U.S. derivatives, and why this time, tokenization may finally deliver.
Thank you to our sponsors!
Mantle https://www.mantle.xyz/
Guest:
Arjun Sethi, Co-CEO of Kraken
Timestamps:
👍 0:00 Intro
⚡️ 0:15 Kraken’s experience on “Black Friday” and how the team handled the chaos
👥 3:52 Why Kraken uses a co-CEO model and how it works in practice
🧩 7:50 How Arjun and his team kept calm and supported the broader ecosystem during the crash
📈 9:25 What the derivatives boom means for Kraken’s long-term strategy
🛡️ 14:55 Why customer trust and fair risk management are core to Kraken’s DNA
🏛️ 20:26 How the Small Exchange and NinjaTrader deals fit into Kraken’s U.S. expansion plan
🔗 31:44 Why tokenization is finally real this time and how Kraken plans to lead it
⚖️ 53:24 What Kraken hopes to achieve in Washington and what’s next for the company
Learn more about your ad choices. Visit megaphone.fm/adchoices
Kraken’s 10 Year Plan With Arjun Sethi
Gm! In this episode, Arjun Sethi, Co-CEO of Kraken, joins Yano to dive into how his background in tech, growth and IPOs makes him the perfect candidate to join Kraken and take the company to the next level. Arjun dives into how his compensation plan and overall approach to Kraken paves the way for a decade long growth trajectory that will take Kraken global and one of the most recognized brands in crypto for retail, traders and beyond.
--
Start your day with crypto news, analysis and data from David Canellis.
Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts
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Follow Empire: https://twitter.com/theempirepod
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Katana is a DeFi-first chain built for deep liquidity and high yield. No empty emissions, just real yield and sequencer fees routed back to DeFi users.
Pre-deposit now: Earn high APRs with Turtle Club [https://app.turtle.club/campaigns/katana] or spin the wheel with Katana Krates [https://app.katana.network/krates]
--
Is your treasury losing value to inflation? Learn how to make digital assets like ETH and SOL productive with uncorrelated, protocol-driven staking rewards. A new report from Liquid Collective and EigenCloud outlines a practical guide for CFOs to integrate institutional-grade staking and restaking.
Read The Productive Treasury Report: https://liquidcollective.io/corporate-treasury-staking/
--
GEODNET is the world’s largest RTK network, delivering real-time, centimeter-level precision for drones, robots, farmers, and first responders. Recognized by the U.S. Congress, this blockchain-powered network supports mission-critical applications across a wide range of industries.
Discover how GEODNET is changing the world: [https://geodnet.com]
--
(00:00) Intro
(01:10) Arjun’s Background
(14:08) Culture + Product Velocity
(16:45) Arjun’s Incentives
(18:03) Ads (Katana)
(18:50) 1st month at kraken
(21:56) Prioritizing What To Build
(26:00) Future Onchain Trading
(31:20) Kraken Stablecoin
(33:38) Crypto Market Structure
(35:16) Competitor Analysis
(40:17) Hyperliquid
(42:25) X Stocks
(44:58) Ninja Trader Acquisition
(49:33) IPO?
(52:39) Long term Leadership
(53:53) Ads (Eigenlayer, Geodnet)
(55:32) Prediction Markets + Perps
(59:16) Tokenization / Onchain IPOs
(01:04:18) What's Obvious to Arjun
(01:09:46) 4 Year Cycle
--
Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, Rob and our guests may hold positions in the companies, funds, or projects discussed.
20Growth: Inside Kraken's $1.5BN Growth Playbook: What Works, What Doesn't and What No Founders Understand About Growth That Will Change Their Company with Mayur Gupta
Mayur Gupta is currently the CMO at Kraken, one of the largest crypto platforms in the world. Prior to that, he lead Marketing, Business Transformation and Growth at Gannett - USA Today Network, led Growth at Spotify and was the CMO at Freshly which eventually got acquired by Nestle. He was the first ever Chief Marketing Technologist at Kimberly Clark.
In Today's Episode We Discuss:
03:25 Biggest Growth Lessons from Spotify
08:21 Role of Marketing in Product-Led Companies
13:35 How to Build a Growth Engine
20:40 Organic vs. Paid Growth Strategies
27:36 The Branding Dilemma: Performance vs. Brand Marketing
28:37 Creating Demand: The Role of Upper Funnel Marketing
29:35 Balancing Investment: Immediate vs Long Term Bets
30:03 Channel Saturation and Experimentation
31:42 Growth Strategies and Performance Metrics
34:54 Growth: Big Swings or Moving % Points
40:04 Successful Growth Experiments and Tactics
44:56 Quick Fire Questions and Final Thoughts
The Real Reason Kraken Built an L2 | Andrew Koller & Hilmar Orth
In today's episode we unpack why Kraken is building a Layer 2, Ink. Andrew and Hilmar, dive into why companies are rushing to launch their own chains. We unpack the technical decisions behind launching an L2, and debate who actually needs their own chain, and explore predictions that hundreds of new L2s will launch in the coming months. The conversation really explores if crypto and financial products might depend on custom chain infrastructure. Thanks for tuning in!
- -
Start your day with crypto news, analysis and data from Katherine Ross and David Canellis.
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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
- -
Explore the SKALE Ecosystem at skale.space/ecosystem and stay up to date with the gas-free blockchain on X at @skalenetwork
- -
The self-custody wallet that's built for swapping. Created for a multi-chain world by the most trusted team in DeFi.
Available on Chrome, iOS, and Android.
https://blckwrks.co/UniswapWallet
- -
Supra Containers are secured by Supra’s L1 nodes and get access to Supra’s 500k TPS throughput, sub-second consensus latency, and all their built-in services like oracle price feeds and onchain randomness without any overhead. Supra is also MultiVM compatible so you can easily deploy your EVM, Move, and SVM smart contracts here.
Get all the freedom, control, and tools you need to build super dApps and bring the world onchain. To learn more, visit www.supra.com/blockworks
- -
$cmETH, a Mantle native liquid restaking token, will launch together with Season 2: Methamorphosis, allowing users to easily participate in restaking, and earn $COOK rewards in addition to other yields.
$COOK, the governance token of mETH Protocol, will allow holders to play a pivotal role in directing the strategic future of mETH Protocol.
Learn more: https://x.com/mETHProtocol
- -
Ledger, the world leader in digital asset security, proudly sponsors Empire podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today.
Buy now at Ledger.com
- -
Timestamps:
00:00 intro
04:04 Why an L2?
16:37 Launching an L2
20:50 Why Optimism?
31:00 Value of Service Providers
39:05 Skale Ad
39:45 Supra Ad
40:41 Mantle Ad
41:32 Uniswao Ad
42:04 Ledger Ad
42:47 Building the App Layer
49:34 Who Needs an L2?
59:35 Bitcoin Renaissance?
01:05:07 5 Year Onchain Outlook
- -
Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
Kraken's 'Ink' - the Newest L2 in the Optimism Superchain | Ben Jones & Andrew Koller
Optimism’s Ben Jones and Kraken’s Andrew Koller join us today to talk about Kraken’s latest release. Kraken is launching Ink, a blockchain built on the OP Stack, joining the Superchain to scale Ethereum. Ink offers 1-second block times and connects users to top DeFi applications while contributing to a unified ecosystem.
Kraken will share revenue with the Optimism Collective and participate in OP Governance, alongside major players like Coinbase and Uniswap. Ink’s mainnet is set to launch in early 2025, focusing on onchain wealth management and developer engagement.
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🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🤖0G | MAKING THE IMPOSSIBLE, INEVITABLE https://bankless.cc/0G
------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/83?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
------ TIMESTAMPS
0:00 Intro 5:43 Ink Explained 10:23 What Happens on Ink? 12:52 Technicalities of Ink 14:00 Kraken x Ink Synergy & Goals 16:15 Why Superchain? 17:36 Ink Roadmap 19:08 Scaling Ink 24:41 Wen Superchain Promise 33:19 Superchain 2025 Forcast 37:36 Kraken BTC x Ink 38:38 $INK 39:35 Superchain Economics 48:28 What’s Next? 51:30 Closing & Disclaimers
------ RESOURCES
Ink
http://inkonchain.com
Kraken https://x.com/krakenfx
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
Here's how Kraken is positioning for crypto's institutional era
David Ripley is the CEO of Kraken.
In this episode, Ripley discusses Kraken's strategic expansion into institutional services, including custody and lending.
OUTLINE
00:00 Introduction
03:57 Institutional Crypto Services
07:22 FTX Fallout
11:02 Institutional Adoption
15:25 Crypto Credit Crisis
17:10 Crypto Banking
19:14 Regulatory Environment
22:39 Closing Thoughts
This episode is brought to you by our sponsor Polkadot
Polkadot is the blockspace ecosystem for boundless innovation. To discover more, head to polkadot.network
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The Block is launching a new community experience for fans of The Scoop! Follow us on Lens to stay in the loop: hey.xyz/u/theblockcommunity
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The Block's newsletters bring you the latest news and analysis of the fast-moving crypto and DeFi markets. To subscribe, visit theblock.co/newsletters
Kraken: The Crypto Native's Powerhouse Exchange | Dave Ripley
In this episode, Jason is joined by Dave Ripley, CEO of Kraken. They discuss the challenges and opportunities of operating a major crypto exchange over the past year. Dave dives into Kraken's focus on professional traders, their expansion into retail markets, and the importance of building a bridge between traditional finance and the crypto ecosystem. Dave also shares insights on navigating market cycles as a crypto business, the value of hiring crypto-native talent, and his thoughts on the future of centralized exchanges as more activity moves on-chain.
- -
Follow Dave: https://twitter.com/DavidLRipley
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- -
Arbitrum is a game-changer for daily Ethereum's users and developers, offering top applications and lower fees. As the leading scaling solution with 600+ apps, explore Arbitrum’s Portal to find your perfect fit. Interact with the home of DeFi, a flourishing NFT and creator ecosystem, and a rapidly growing Web3 gaming hub – Arbitrum has it all.
Get started at:
portal.arbitrum.io
- -
This episode is brought to you by Aura, the AI-powered digital security protection app that keeps your personal information, passwords, online activity, and tech safe from digital threats. It’s all-in-one protection from identity theft, financial fraud, malware, scams, and more.
For a limited time, Aura is offering our listeners a 14-day FREE trial plus up to 55% off an Aura subscription.
Visit aura.com/blockworks to sign up for your free trial.
- -
SKALE is a modular, AppChain network that offers zero gas fee transactions and instant finality. Tailored for ease of development and onboarding, SKALE's configurable EVM chains enable next-gen use cases in gaming, AI, DePin, and others. With over 20,000,000 users having saved over $6 Billion on gas fees, SKALE is the blockchain for mass adoption.
Bridge to SKALE at portal.skale.space and stay up to date with the gasless blockchain at @skalenetwork
- -
Marinade is the leading Solana staking service that spreads your stake across 100+ top validators, distributes MEV rewards, and provides automatic downside protection with new Protected Staking Rewards. Choose to liquid stake for mSOL for use in DeFi, or delegate your stake through Marinade Native, which gives you full custody of your SOL and no smart contract risk. Max performance for you, max performance for Solana.
https://blckwrks.co/Marinade
- -
Timestamps:
0:00 Introduction
02:18 Dave's Kraken Origin Story
11:07 Kraken User Strategy
23:12 Kraken's 5 Year Business Model
32:02 Arbitrum Ad
32:49 Aura Ad
33:38 Marinade Ad
34:42 Skale Ad
35:59 Regulatory Concerns of L2s
43:40 24/7 NYSE
51:30 Operating in Market Cycles
58:28 Best People to Hire
01:02:01 This Cycle's Expectation
- -
Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.t
20VC: Are the SEC Overreaching with its Approach to Crypto? Should Gensler Step Down? How do US Elections Impact Crypto Markets? How Did SBF and FTX Impact Crypto Long Term and more with Dave Ripley, CEO @ Kraken
Dave Ripley is the CEO @ Kraken, one of the world's largest cryptocurrency exchanges, valued in 2022 at a whopping $10.8BN. Prior to Kraken, Dave was the Co-Founder of Glidera, a market-leading Blockchain technology company that Kraken acquired in 2016.
In Today's Episode with Dave Ripley:
1. From Boston Consulting Group to CEO of Kraken:
How did Dave first make his way into the world of crypto?
What are the single hardest elements of a CEO transition?
What does Dave know now that he wishes he had known about CEOship?
2. What is the Usage for Crypto:
Other than as a store of value, what application usage does crypto serve?
Global payments are fine as is and are improving, why do they need crypto?
Global remittance is served by Remote and Deel, why do they need crypto?
No applications have been provided well, what really is the use case that makes sense?
3. Should Gensler Be Let Go and The SEC is Wrong:
Why is the approach of the SEC completely flawed?
Should Gensler be fired for his ineffectiveness?
What is the right policy stance and approach to take from here?
Kraken's CEO on Their Battle Against The SEC
Kraken is one of the two most important exchanges in the US right now, it's also an essential bridge across many other jurisdictions. Recently Kraken has come under fire by the SEC for the second time this year.
In today’s episode we're joined by Kraken CEO, Dave Ripley. Dave walks us through what it's like to take the reigns of one of the largest US crypto exchanges and how he plans to navigate the constant battles they have to face from US regulators.
----- 🏹 Airdrop Hunter is HERE, join your first HUNT today https://bankless.cc/JoinYourFirstHUNT
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🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2
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⚖️ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum
👾GMX | V2 IS NOW LIVE https://bankless.cc/GMX
🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo
🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap
------ TIMESTAMPS
00:00 Intro 04:27 Regulatory Action Around Kraken 09:27 Is This a PR Stunt By The SEC? 11:31 "Co-Mingling Funds" & Fighting The SEC 16:28 Hostility Towards Crypto 21:03 Leaving The US? 24:32 Getting To Know the New CEO 28:50 Finding Bitcoin In 2013 32:48 Kraken Values 38:40 Custody & Proof Of Reserves 42:18 Kraken Endgame
------ RESOURCES
Dave Ripley: https://twitter.com/DavidLRipley
Why Kraken: https://www.kraken.com/why-kraken
------ Not financial or tax advice. See our investment disclosures here: https://bankless.com/disclosures
Kraken head of OTC explains the bullish signals to look for in bitcoin options
Juthica Chou is the head of OTC options trading at Kraken and the former president of LedgerX.
In this episode, Chou explains how crypto's recent rally is being reflected in the options market, and what signals to pay attention to in the weeks ahead.
According to Chou, volatility has returned to the market after months of relatively little activity:
"The market's definitely pricing some big moves. And I always say, like if it can go up fast, it can go down faster."
This episode is brought to you by our sponsors PayPal.
Make your crypto move with PayPal. Get started today at PayPal.com/crypto
Bitcoin’s BRC-20 Mania: Is It Sustainable? - Ep. 493
Ordinal theory has unleashed a new wave of NFTs, memecoins and innovation on Bitcoin — but not without controversy. Bitcoin educator Dan Held and Bitcoin Frontier Fund Managing Partner Trevor Owens join the show to discuss the breakneck rise of BRC-20s and why they’re both bullish on what memecoins mean for the original blockchain.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.
Show highlights:
what ordinal theory is and how it enabled Bitcoin “NFTs”
how the Ordinals Protocol differs from the ERC-721 token standard used by many Ethereum NFTs
how BRC-20s work by relying on some off-chain mechanisms
why Bitcoin is not a “dinosaur chain,” according to Dan
why Trevor says BRC-20 memecoins are superior to those on Ethereum
what the practical utilities of BRC-20s are, if any
why transaction fees in Bitcoin rose so much and why it’s healthy for the network
whether innovation is coming back to Bitcoin
whether Satoshi Nakamoto would have approved of Bitcoin NFTs
the role of speculation in fueling bitcoin adoption
the current and future state of layer 2s on Bitcoin
why Dan says BRC-20s “absolutely” solve the problem with Bitcoin’s security budget
why it’s hard to determine an “appropriate” amount for the security budget of Bitcoin
how the NFT market could be shaped after the rise of Ordinals and BRC-20s
what needs to be developed so that BRC-20s can flourish
Thank you to our sponsors!
Crypto.com
Guests:
Dan Held, Bitcoin educator and marketing advisor at Trust Machines
Trevor Owens, managing partner at Bitcoin Frontier Fund
Previous coverage of Unchained on Ordinals:
Bitcoin Ordinal NFTs Are Hot and Getting Hotter. What's the Hype About? - NFT Crypto
Links
Unchained:
How to Create a Bitcoin Ordinal
Bitcoin Core Developers Mull Getting Rid of BRC-20 Transactions
Binance Briefly Halted Bitcoin Withdrawals Amid Network Congestion
Domo’s thread on BRC-20s
Anita Posch’s comments.on the high fees
Nic Carter: There's No Such Thing as High Fees on Bitcoin
Nic Carter’s MIT presentation: MIT Bitcoin Expo 2019 - 10 years of Bitcoin: Evaluating its Performance as a Monetary System
Decrypt: Michael Saylor: Bitcoin Ordinals Are a ‘Catalyst’ for Adoption
[bitcoin-dev] [Mempool spam] Should we as developers reject non-standard Taproot transactions from full nodes?
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Kraken's Chief Legal Officer: Banks are shying away from taking on crypto customers
Marco Santori is the Chief Legal Officer for Kraken — the crypto exchange recently charged by the SEC for failing to register the offer and sale of its "crypto asset staking as-a-service program" in the U.S.
In this episode, Santori explains how recent regulatory actions in the U.S. have caused banks to become hesitant to accept crypto companies as new clients, and how this favors 'incumbent' crypto players such as Coinbase and Kraken.
During this episode, Chaparro and Santori also discuss:
'Operation Choke Point 2.0'
Kraken's efforts to establish a bank
How regulators view DeFi
This episode is brought to you by our sponsors Circle, Railgun, Flare Network
About Circle
Circle is a global financial technology company helping money move at internet speed. Our mission is to raise global economic prosperity through the frictionless exchange of value. Visit Circle.com to learn more.
About Railgun
Railgun is a private DeFi solution on Ethereum, BSC, Arbitrum and Polygon. Shield any ERC-20 token and any NFT into a Private Balance and let Railgun’s zero-knowledge cryptography encrypt your address, balance and transaction history. You can also bring privacy to your project with Railgun SDK, and be sure to check out Railgun with partner project Railway Wallet, also available on iOS and Android. Visit Railgun.org to find out more.
About Flare
Flare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that can use data from other blockchains and the internet. By providing decentralized access to a wide variety of high-integrity data from other blockchains and the internet, Flare enables new use cases and monetization models. Build better and connect everything at Flare.Network.
Liquid Staking: The Battle for Liquidity | cbETH, Rocketpool
In this episode of Empire, Darren Langley (Rocketpool) and John Zettler (Coinbase) join us to discuss why liquid staking is taking over Ethereum. We start with the LSD landscape, how cbETH and Rocketpool approach product strategy, and Lido's dominance. Then we get into the real fun stuff. Darren and John explain the 2/3rd order effects of the Shanghai upgrade, how to drive on-chain liquidity, the evolving fee market and more. Liquid staking is poised to take over Ethereum - don’t miss out!
- -
Timestamps:
(00:00) Introduction
(01:45) The LSD market overview
(13:34) Rocketpool’s focus on decentralization
(16:44) Lido’s dominance
(19:59) Coinbase’s partnership with Rocketpool
(24:41) Shanghai predictions
(33:55) Blockworks Research
(40:55) A reshuffling of market share?
(46:18) Driving on-chain liquidity
(50:08) Fee markets and multi chain
(57:00) Future outlook
(1:02:44) Regulation
(1:08:48) LSDs on L2s
- -
Follow John: https://twitter.com/JohnZettler
Follow Darren: https://twitter.com/langerstwit
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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
- -
Resources
cbETH
https://help.coinbase.com/en/coinbase/trading-and-funding/staking-rewards/cbeth
Rocket Pool
https://rocketpool.net/
https://twitter.com/Rocket_Pool
Ethereum staking distribution dashboard
https://dune.com/hildobby/eth2-staking
- -
Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion - Ep. 423
Kevin Zhou, cofounder of Galois Capital, and Jesse Powell, cofounder of Kraken, talk about why FTX collapsed, the warning signs, and whether it’s a catalyst for self-custodial adoption.
Show highlights:
the root causes of the FTX collapse, according to Jesse and Kevin
whether there were warning signs of all the risks that were to come
the importance of learning from mistakes, even for new people in the space
Kevin's response to the stuck funds in FTX
the debate about utilitarianism and SBF's effective altruism
whether the philosophy behind founders matters
Kevin's and Jesse's theories of how FTX and Alameda lost billions of dollars
how Alameda and FTX's books were commingled
whether people will start using self-custodial wallets
whether the fall of FTX vindicates BTC maximalism
whether regulation has been beneficial or harmful for American customers
the role of venture capital firms and their "mixed incentives"
Take Unchained's 2022 survey!
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Thank you to our sponsors!
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Kevin:
Twitter
Previous Unchained episodes:
How Traders Are Thinking About the Merge — and a Potential ETHPoW Chain
Why Kevin Zhou Believes Ethereum Will Have 3 Forks After the Merge.
The Chopping Block: Kevin Zhou on Why He Knew Terra Would Crash
Jesse:
Twitter
Previous Unchained episodes:
Jesse Powell, CEO of Kraken, on Drawing a Line With Regulators
Episode Links
Previous coverage on Unchained of FTX:
Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX? – Ep. 422
The Chopping Block: Why Lenders Didn’t Liquidate Alameda When It Was Underwater
Erik Voorhees and Cobie on Why FTX Loaned Out Customers’ Assets
The Chopping Block: FTX: The Biggest Collapse in the History of Crypto?
Sam Bankman-Fried on How to Prevent the Next Terra and 3AC
FTX Collapse:
First declaration document
Unchained: FTX Bankruptcy Overseer Says Company’s Collapse Is Worst He’s Ever Seen
Unchained: Bahamas Regulator Directed SBF to Transfer FTX Assets to Government Wallet
SBF tweet: FTX files for Chapter 11 bankruptcy protection
Vox interview with SBF: Sam Bankman-Fried tries to explain himself
NYT: How Sam Bankman-Fried’s Crypto Empire Collapsed
Bloomberg: Crypto Hedge Fund Galois Confirms $40 Million Exposure to FTX
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How We Rebuild with Jesse Powell of Kraken Exchange
In order to rebuild we must first learn or relearn (for some of us) the painful lessons of crypto’s past. It’s going to take more than beating the, “not your keys, not your crypto” drum.
Jesse Powell, Co-Founder of Kraken Exchange joins us to demonstrate how we can come together as a community to rebuild the open and inspiring crypto industry of our dreams.
------ 📣 Infura | Join the New Decentralized Infrastructure Network Early Access Program www.bankless.cc/infura
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👾 SEQUENCE | ALL-IN-ONE PLATFORM https://bankless.cc/Sequence
⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/fuel
----- Topics Covered
0:00 Intro 4:38 Jesse’s Crypto Background 7:34 Relearning Painful Lessons 11:48 How Did We Get Here? 20:09 Things We Have Control Over 31:21 Striking the Right Balance 36:35 Proof of Reserves 43:55 Rebuilding 48:39 Zooming Out 50:35 Closing & Disclaimers
------ Resources:
Jesse Powell https://twitter.com/jespow
Proof of Reserves https://www.kraken.com/proof-of-reserves
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures
Rejecting Bitcoin Fundamentalism | Dan Held
Dan Held is a widely known educator in the Bitcoin Universe. Formerly the director of growth marking at Kraken, he’s now an independent content creator at the Held Report and an advisor to Trust Machines.
In today’s State of the Nation, we explore a new extremist sub-division of the Bitcoin movement: Bitcoin Fundamentalism.
Is there a divide growing in the Bitcoin Community? Why are Dan Held and other Bitcoiners frustrated with this cohort? What is Bitcoin Fundamentalism, and what does it mean for the future direction of the Bitcoin Community?
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💠 NEXO | CRYPTO FINANCIAL HUB https://bankless.cc/Nexo
🔐 LEDGER | NANO HARDWARE WALLETS https://bankless.cc/Ledger
⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/Fuelpod
----- Topics Covered
0:00 Intro 8:00 Say No To Bitcoin Fundamentalism 13:10 What is Fundamentalism? 21:00 Nic Carter 27:12 Brain Drain 31:00 The Rationalists 39:00 Wealthy then Healthy 44:00 Cyber Hornets 53:40 What’s at Stake Here? 1:01:00 Trust Machine 1:03:32 The Bitcoin Ecosystem
------ Resources:
Dan Held https://twitter.com/danheld Trust Machines https://twitter.com/trustmachinesco The Held Report https://www.theheldreport.com/ Nic Carter Episode https://youtu.be/BjTeLtuKs1A
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
Kraken CEO Jesse Powell responds to NYT hit piece and breaks down the state of crypto + Alexander Olesen CEO of Babylon Micro-Farms | E1487
Today, we recap the Warriors' finals win (2:50) with some potential takeaways for founders (14:00). Next, Jason speaks with Jesse Powell: founder, and CEO of crypto exchange Kraken, and they discuss the state of crypto and the recent hit piece the NYT published on him (48:06). For this week's OK Boomer segment, Producer Rachel sits down with Alexander Olesen, co-founder, and CEO of Babylon Micro-Farms (2:07:41).
(0:00) Jason and Molly tee up today’s show!
(2:50) Warriors win! Recapping the Warriors’ finals run
(12:47) ActiveCampaign - Get 10% off your ActiveCampaign subscription today at https://activecampaign.com/promo/twist
(14:00) Downmarket: what can you do? Lessons founders can learn from the Warriors’ leadership
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(23:55) Work harder, work smarter
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(31:41) Toss to Jason’s interview with Jesse Powell, founder, and CEO of Kraken
(48:06) Jesse Powell speaks with Jason about his NYT hit piece, crypto, and company culture
(2:02:04) Recapping Jesse Powell + Toss to OK Boomer with Alexander Olesen, CEO, and Co-Founder of Babylon Micro-Farms
(2:07:41) OKB: Producer Rachel speaks with Alexander Olesen
(2:26:00) Outro
#196 with Dan Held - Who Really Created Bitcoin & Other Crypto Startup Ideas
Shaan (@ShaanVP) and Sam (@theSamParr) are joined in this episode by serial Bitcoin entrepreneur Dan Held (@DanHeld). They talk about the Genesis block of Bitcoin, who Satoshi Nakamoto might really be, and the controversy around Tether. They end the episode talking about business ideas in the Crypto space and how to make money in the creator economy.
---------
* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/
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* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.
---------
Show notes:
* (:47) Intro to Dan Held
* (3:01) How Dan got his first Bitcoin
* (4:17) Will the real Satoshi please stand up
* (9:31) Dan's Early Bitcoin days
* (15:00) Ideas for the Bitcoin & Crypto space
* (21:35) A new kind of private wealth manager
* (24:43) The controversy around Tether
* (31:28) Bitcoin security and multi-signature wallets
* (36:31) Growth hacks to build your audience
* (40:41) Monetizing in the creator economy
* (46:44) Laser eyes and memes
How to earn yield on your bitcoin | Dan Held
Dan Held is currently the director of growth marketing at Kraken. This is the long awaited part 2 of a 2 part series with Dan. If you haven't already, be sure to check out part 1!
Dan's blog:
https://danheld.substack.com/
–––
LUKKA
Lukka Prime is crypto asset pricing data aligned to accounting standards like GAAP and IFRS. Lukka Prime Pricing Data is the pricing source used by S&P Dow Jones Indices’ for their new cryptocurrency indices. Lukka Prime is the world’s first fair market value pricing source for crypto assets and the best option for all post-trade reporting needs. Visit lukka.tech/empire to learn more.
–––
EXODUS
Download the app today at http://exodus.com/empire and iOS users can buy up to $500 in Bitcoin for just $1 for a limited time.
–––
Empire is brought to you by Blockworks, a financial media brand delivering breaking news and premium insights about digital assets to millions of investors. For more content like Empire, visit http://blockworks.co/podcasts.
Follow me on Twitter @JasonYanowitz and let me know what you thought of the show!
Dan Held explains why the Supercycle will push Bitcoin above $500,000
Dan Held is currently the director of growth marketing at Kraken. We talked about Elon's impact on the field, energy and the environment, and of course, the possible $500k Supercycle.
This is part 1 of a 2 part series with Dan. Check out his Substack if you can't wait for part 2!
https://danheld.substack.com/
–––
LUKKA
Lukka Prime is crypto asset pricing data aligned to accounting standards like GAAP and IFRS. Lukka Prime Pricing Data is the pricing source used by S&P Dow Jones Indices’ for their new cryptocurrency indices. Lukka Prime is the world’s first fair market value pricing source for crypto assets and the best option for all post-trade reporting needs. Visit lukka.tech/empire to learn more.
–––
EXODUS
Download the app today at http://exodus.com/empire and iOS users can buy up to $500 in Bitcoin for just $1 for a limited time.
–––
Empire is brought to you by Blockworks, a financial media brand delivering breaking news and premium insights about digital assets to millions of investors. For more content like Empire, visit http://blockworks.co/podcasts.
Follow me on Twitter @JasonYanowitz and let me know what you thought of the show!
Why Bitcoin Now: Andreas Antonopoulos and Dan Held on Bitcoin’s Monetary Policy - Ep.192
Andreas M. Antonopoulos, speaker, educator, and the author of Mastering Bitcoin, Mastering Ethereum, and The Internet of Money, Volumes 1, 2, and 3, and Dan Held, growth lead at Kraken Digital Asset Exchange, discuss the core features of Bitcoin's monetary policy, including how it differs from traditional central bank monetary policy, what gives it value and yet how it seems to have derived value from thin air. Plus, we talk about how the coronavirus pandemic will affect Bitcoin. In this episode, we cover:
how monetary policy in general is defined
the core feature of Bitcoin’s monetary policy, and how it differs from previous forms of money
the similarities and differences between Bitcoin and gold
why the hard cap on Bitcoin is unique and so important
the difficulties in analyzing and classifying Bitcoin
whether or not transaction fees alone can sustain the network once all 21 million Bitcoin have been minted
if Bitcoin will be able to fulfill its original vision of democratizing finance and serving as an everyday medium of exchange
why they think Bitcoin has recently been more correlated with the stock market
their thoughts on the stock to flow model and whether it works for Bitcoin
how they think the coronavirus, unprecedented quantitative easing, and increasing inflation will impact Bitcoin’s adoption and price
how crypto banks that don’t conduct fractional reserve banking or lending might change the economy
Thank you to our sponsors!
Crypto.com: http://crypto.com
Gods Unchained: https://playgu.co/unchainedpod
Episode links:
Andreas Antonopoulos: https://aantonop.com
On Twitter: https://twitter.com/aantonop
YouTube: https://www.youtube.com/c/aantonop/
Dan Held: https://www.danheld.com
On Twitter: https://twitter.com/danheld
Dan Held on Bitcoin's monetary policy: https://medium.com/the-bitcoin-times/information-theory-of-money-36247aebdfe1
Dan Held on Bitcoin's security model: https://www.danheld.com/blog/2019/6/16/bitcoins-security-is-fine
Unchained interview with Saifedeam Ammous: https://unchainedpodcast.com/why-bitcoin-now-saifedean-ammous-on-why-bitcoin-is-the-most-advanced-form-of-money/
Mises’ Regression Theorem: https://mises.org/library/bitcoin-regression-theorem-and-emergence-new-medium-exchange
Stock to flow model: https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12
Why the stock-to-flow model is wrong: https://www.coindesk.com/why-the-stock-to-flow-bitcoin-valuation-model-is-wrong
Federal Reserve announcement about letting inflation run higher than normal to achieve a 2% target rate of inflation: https://www.federalreserve.gov/newsevents/pressreleases/monetary20200827a.htm
Kraken launching the first crypto bank: https://unchainedpodcast.com/the-first-crypto-bank-what-kraken-financial-will-do-and-how/
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A Conversation with Nelson Minier, Head of OTC Sales & Trading at Kraken
On this episode of The Scoop, Nelson Minier, who was once the world's largest Venezuelan bond trader shares his stories about being a trader during the financial crisis, how he built up Kraken's OTC business and straddling the line between the worlds of traditional and emerging financial services.
LedgerX on the Reasons to Trade Bitcoin Options - Ep.130
Juthica Chou, chief operating officer of LedgerX, talks about the company's new license to offer its derivatives to retail investors and the resulting platform, Omni. She walks through what call and put options are, how they work and why people and companies purchase them as opposed to just buying or selling bitcoin directly. We discuss why LedgerX believes physically settled bitcoin options are superior to cash-settled ones, how LedgerX handles hard forks, and other contracts focused on the technicals of crypto networks it could offer such as its halving contract. Plus, she describes what it was like to be building a Bitcoin-centered company during the "blockchain not Bitcoin" era.
Sign up for the Virtues of the Crypto Revolution retreat with me, Meltem Demirors of CoinShares and Jalak Jobanputra of Future Perfect Ventures at Omega Institute!!
Thank you to our sponsors!
Crypto.com: https://www.crypto.com/
Kraken: https://www.kraken.com
CipherTrace: http://ciphertrace.com/unchained
Episode links:
LedgerX: https://www.ledgerx.com
Juthica Chou: https://twitter.com/juthica
LedgerX blog posts introducing Omni: https://blog.ledgerx.com/the-long-game/
https://blog.ledgerx.com/introducing-omni-powered-by-ledgerx/
https://www.coindesk.com/cftc-approves-ledgerx-to-settle-futures-in-real-bitcoin
https://www.coindesk.com/ledgerx-reveals-bid-to-beat-bakkt-to-physical-bitcoin-futures-launch
CNBC interview with Ari Paul about why he bought $50,000 Bitcoin call option: https://www.cnbc.com/video/2017/12/26/man-behind-massive-bet-that-bitcoin-could-hit-50000.html
Cheddar interview: more opportunity with the retail market:
https://cheddar.com/media/ledgerx-wins-u-s-regulatory-approval-to-trade-bitcoin-futures
Bitcoin halving contract: https://blog.ledgerx.com/a-new-type-of-contract-for-a-new-type-of-asset/
https://www.coindesk.com/ledgerx-unveils-betting-market-for-2020s-bitcoin-block-reward-halving
Ledger on how to it would handle the Bitcoin Gold hard fork: https://www.ledgerx.com/s/LedgerX-LLC-Notice-to-Participants-2017-10.pdf
Call option for $100k Bitcoin by December 2020: https://www.bloomberg.com/news/articles/2019-07-16/anybody-can-now-bet-on-bitcoin-100-000-with-new-call-options
Unchained interview with Dan Morehead of Pantera Capital: https://unchainedpodcast.com/pantera-capital-how-bitcoin-could-reach-356000-in-a-few-years/
Cboe stops listing Bitcoin fuures:
https://www.coindesk.com/cboe-puts-brakes-on-bitcoin-futures-listing
https://www.wsj.com/articles/cboe-abandons-bitcoin-futures-11552914001
Why CME’s futures saw more volume than Cboe’s: https://www.coindesk.com/cme-cboe-bitcoin-futures
How Bitcoin futures will be taxed: https://blog.ledgerx.com/less-taxation-with-digitization/
Doomschain clock/attitude toward private blockchains: https://blog.ledgerx.com/updating-the-doomschain-clock/
Oracle blog post: https://blog.ledgerx.com/how-to-talk-to-the-oracle/
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Down 94% Since Winter, What Has Happened to ICOs? - Ep.91
After the ICO craze of 2017, such offerings have raised extremely little so far this fall, with total sales in October down 94% since February, according to Token Data. Why? And where to next? Andy Bromberg, president of CoinList, and Marco Santori, president and chief legal officer of Blockchain, discuss the changing nature of token sales. Andy reveals how the projects approaching CoinList have changed over the last year, how investors are changing their approach to due diligence in the space, and how CoinList complies with various regulations. Marco explains the origin of the SAFT framework, what laws would apply outside of securities regulation and why rulings in civil lawsuits and no-action letter are likely the next way we'll get regulatory clarity. We also discuss why the Civil token sale failed, why airdrops could be a better than ICOs for seeding usage on networks and how to figure out which wallets to target in an airdrop. Plus: Marco and Andy disagree on one aspect or how regulation could apply to airdrops.
Thank you to our sponsors!
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Episode Links
Andy Bromberg: https://twitter.com/andy_bromberg
CoinList: https://coinlist.co
Marco Santori: https://twitter.com/msantoriESQ
Blockchain: https://www.blockchain.com
Autonomous Next data on September ICOs down 90% since January: https://next.autonomous.com/thoughts/crypto-september-icos-90-down-from-january-but-venture-funding-is-ray-of-hope
Token Data on October ICOs down 94% since February: https://twitter.com/TokenData/status/1057953301440983040
SAFT project: https://saftproject.com
Previous episode with Marco and Joshua Ashley Klayman including her concerns about the SAFT framework: http://unchainedpodcast.co/how-crypto-and-blockchain-technology-should-be-regulated
SEC Director of Finance Bill Hinman's comments that ether is not a security (5:25): https://finance.yahoo.com/news/sec-announces-ether-not-security-162658147.html
Jay Clayton's comments that every ICO he's seen is a security: https://www.coindesk.com/sec-chief-clayton-every-ico-ive-seen-security/
Civil token sale: https://tokenfoundry.com/projects/civil
Blockchain's Airdrop program: https://www.blockchain.com/airdrop
CoinList's Airdrops program: https://airdrops.coinlist.co
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Jesse Powell, CEO of Kraken, on Drawing a Line With Regulators - Ep.61
Jesse Powell, CEO of crypto asset exchange Kraken, explains why he publicly rejected then-Attorney General Eric Schneiderman's request for information from crypto exchanges, why he felt it was a publicity stunt and why Kraken, which stopped serving New York customers after New York's Bitlicense was introduced, doesn't see the market as a top priority. He also talks about why Kraken decided to stop operations in Japan after further regulations were imposed and discusses Kraken's $1 million donation to Coin Center (and its $1 million match). Plus, he gets into why he named the exchange after a Norse sea monster, the dangers of the exchange's margin trading product, and what steps he recommends everyone in crypto take to keep their tokens safe.
Jesse Powell: https://twitter.com/jespow
Kraken: https://www.kraken.com/
Past Unchained episode with Brock Pierce who also had a pre-Bitcoin career involving video game currency (Jesse and Brock were competitors): http://unchainedpodcast.co/this-vc-is-sure-venture-capital-is-about-to-be-disrupted
Kraken's position on regulation (discussion of New York AG request and Japan + guidance for regulators): https://blog.kraken.com/post/1561/krakens-position-on-regulation/
Kraken donation to Coin Center: https://blog.kraken.com/post/1591/kraken-donates-1m-to-coin-center-with-an-additional-1m-matching-during-may/
Kraken down for 40 hours: http://fortune.com/2018/01/12/bitcoin-price-ripple-kraken-down/
Past Unchained episode on taxation of crypto: http://unchainedpodcast.co/the-tax-rules-that-have-crypto-users-aghast
Kraken blog post on phone numbers being hijacked: https://blog.kraken.com/post/219/security-advisory-mobile-phones/
My article on the same topic: https://www.forbes.com/sites/laurashin/2016/12/20/hackers-have-stolen-millions-of-dollars-in-bitcoin-using-only-phone-numbers/#1d79923338ba
Thank you to our sponsors!
Keepkey: https://www.keepkey.com/
Preciate: https://preciate.org/recognize/
Token Agency: https://tokenagency.com/
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Trends in Crypto: Marco Santori, Michael Sonnenshein and Barbara Minuzzi on 2017 and What's Next
In this live recording of a panel discussion at the CoinAlts Fund Symposium, Marco Santori, president and chief legal officer of Blockchain, managing director at Grayscale Investments, and Barbara Minuzzi, cofounder and managing partner of Ausum Ventures take stock of the 2017 year and discuss a range of trends they're seeing in the industry. Santori describes what the ICO wave was like from his seat as one of the most in-demand lawyers for ICOs, and why he doesn't actually think that securities (such as a SAFT) can later transform into something that is a non-security. He also talks about how big corporations are thinking about use blockchain technology -- and why we haven't yet seen much activity on that front in the market. We talk about the current clouds over the industry -- custody and regulation -- and Sonnenshein explains why investors choose Grayscale's investment products, such as the Bitcoin Investment Trust, rather that investing in the coin directly, and
Blockchain.info: https://blockchain.info
Grayscale Investments: https://grayscale.co
Ausum Ventures: https://www.ausum.vc
Thank you to the CoinAlts Fund Symposium for hosting the panel: https://www.coinaltsfundsymposium.com
For more on regulatory issues, check out these past episodes:
Perianne Boring and Amy Kim of the Chamber of Digital Commerce on crypto regulation: http://unchainedpodcast.co/the-chamber-of-digital-commerces-perianne-boring-and-amy-kim-on-why-us-crypto-regulation-is-complicated-and-confusing
The Tax Rules That Have Crypto Investors Aghast: http://unchainedpodcast.co/the-tax-rules-that-have-crypto-users-aghast
How Crypto and Blockchain Technology Should Be Regulated: http://unchainedpodcast.co/how-crypto-and-blockchain-technology-should-be-regulated
Jerry Brito and Peter Van Valkenburgh of Coin Center: http://unchainedpodcast.co/how-coin-center-is-helping-define-the-big-fuzzy-gray-area-of-blockchain-and-cryptocurrency-law
Caitlin Long on How 'Utility Tokens' Are Now Legal in Wyoming: http://unconfirmed.libsyn.com/caitlin-long-on-how-utility-tokens-are-now-legal-in-wyoming
Former DOJ Prosecutor Kathryn Haun on What the SEC Subpoenas and FinCen Letter Likely Mean: http://unconfirmed.libsyn.com/sxsw-episode-former-doj-prosecutor-kathryn-haun-on-what-the-sec-subpoenas-and-fincen-letter-likely-mean
For more on custody issues, check out the episode with Mike Belshe of BitGo and its acquisition of Kingdom Trust: http://unchainedpodcast.co/mike-belshe-on-what-bitgos-kingdom-trust-acquisition-means-for-crypto-and-how-security-will-develop-in-the-future
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