Investment schemes, pig butchering and romance scams are plaguing the crypto industry and in this episode Ian Andrews (CMO, Chainalysis) finds out from Nicola Staub (CEO and Co-Founder, CYBERA) how the crypto industry can fight back. Nicola discusses CYBERA's mission to combat crypto scams and fraud by providing a platform for victims to report incidents and for financial institutions, crypto exchanges and law enforcement to share information and data.  Nicola emphasizes the importance of speed in preventing and recovering assets lost to scams and highlights the role of financial institutions and messaging and dating app service providers in the fight against fraud.  He warns the industry about the growing use of AI by scammers and the need for a collaborative approach to combat the use of deepfakes in crypto scams. Minute-by-minute episode breakdown (2:15) - Nicola's background as a prosecutor and passion for fighting scams led to CYBERA (6:40) - Lack of resources and technology in law enforcement (8:25) - The scale of CYBERA’s impact and partnerships (12:27) - Shift in fraud methods, from wire transfers to business email compromise and investment scams (17:50) - CYBERA’s approach to information sharing and prevention  (22:21) - Differentiating CYBERA from crypto recovery companies (31:50) - The impact of AI on scams and deepfakes Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: CYBERA:Intelligence for Impact - Premier Scam Reporting and Asset Recovery Platform Blog: Glossary of Scams Blog: FAQs: Learn about how CYBERA solves common, yet complex, scams. Article: CYBERA helps 9200 scam victims and recovers $4.3M stolen by scammers Article: AI Deep Fakes and Crypto Scams Event: Chainalysis Links Conference NYC 2024 (Apr. 9-10, 2024) - Early Bird Pricing On Now! YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments Telegram: Chainalysis on Telegram Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Nicola Staub (CEO and Co-Founder, CYBERA) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.     

When Ian Andrews (CMO, Chainalysis)  was recording this episode with Raz Niv (Co-founder and CTO, Blockaid) back in December of 2023, the web3 industry was on full alert due to a Ledger supply chain attack. Blockaid was first to break the news and this episode talks about the attack as it unraveled and how they are working to keep web3 secure. In this episode, Raz expresses Blockaid’s mission to provide security tools for web3 builders and protect users from malicious d’apps, wallet drainers, address poisoning  and suspicious transactions and connections, particularly in the realm of scams, phishing, and hacks. Raz discusses the company's partnerships with major players in the ecosystem, such as MetaMask and OpenSea, and how their technology is providing real-time indications of potential risks and malicious activity in web3.  Minute-by-minute episode breakdown (2:15) - Introduction to Blockaid and the problem of security in Web3 (4:05) - Raz's background in Israeli Cyber intelligence units and interest in Web3 (6:40) - 1 in 10 dApps are malicious, data collection and trends (10:25) - Blockaid's backend architecture and data sources (12:27) - Ledger supply chain attack and explanation of how similar attacks work (15:50) - Highest fund loss per capita in Web3 than any other industry  (19:45) - Blockaid's role in MPC wallet architecture (23:02) - Privacy considerations and data collection by Blockaid (26:35) - Address poisoning attack and its dangers (28:44) - Blockaid's plans to improve detection and expand integrations Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Blockaid: Web3, secured -Enable builders to protect users from fraud, phishing and hacks. Blog: Malicious dApp 101: Wallet Drainers Are Stealthier, More Complex than Ever Blog: Blockaid + MetaMask: Securing Web3 Users While Preserving Privacy Attack Report: Attack Report: Ledger Connect Kit Press Release: Tel Aviv–based Blockaid raises $33 million to help root out nefarious crypto wallets Event: Chainalysis Links Conference NYC 2024 (Apr. 9-10, 2024) - Early Bird Pricing On Now! Blog: The Data Accuracy Flywheel: How Chainalysis Consistently Identifies and Verifies Blockchain Entities YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Raz Niv (Co-founder and CTO, Blockaid) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.   

Hooray !! Spot Bitcoin ETFs are finally approved by the Securities Exchange Commission (SEC) in what is being called a watershed moment for crypto. Now what happens? In this episode, Ian Andrews (CMO, Chainalysis) sits down with Jeffrey Billingham (Strategic Initiatives, Chainalysis) who has been watching the Bitcoin ETF situation unfold since the Winklevoss twins first filed for a bitcoin (BTC) exchange-traded fund (ETF) in July 2013. Jeff and Ian delve into the significance of these ETFs, explaining how they simplify access to bitcoin as an asset class and eliminate the technological hurdles of owning and transacting with cryptocurrency. Jeff also explores the difference between spot and futures ETFs, the role of custodians and authorized participants, and the impact of surveillance-sharing agreements on market manipulation concerns. They cover the immediate impact of these ETFs on the trading volume of Bitcoin and hypothesize on the future of ETFs and the potential for asset tokenization. Minute-by-minute episode breakdown (2:13) - Overview of the launch of Bitcoin ETFs and significant trade volume (4:43) - Explanation of what an ETF is and its significance of it being a Spot Bitcoin ETF (9:20) - Understanding ETF stakeholders like authorized participants, sponsors and custodians  (11:40) - Impact of cash model for ETF transactions and hope for future in-kind transactions (15:24) - Regulatory concerns about market manipulation and fraud (18:23) - Surveillance-sharing agreements and increased transparency to secure SEC approvals (20:51) - Maturation of crypto as an asset class and its implications on original Bitcoin ethos (24:05) - Potential influence of ETFs on real-world asset tokenization  (26:18) - Expectations for the future of ETFs Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website:  Chainalysis: Paving the way for a global economy built on blockchains Article: CNBC: Bitcoin ETFs have a key difference from their stock fund counterparts Article: Blockworks: How ‘surveillance-sharing’ is designed to deter bitcoin ETF manipulation Blog: CSAM and Cryptocurrency: On-chain Analysis Suggests CSAM Vendors May Benefit from Privacy Coins like Monero and Other Obfuscation Measures Announcement: SEC's official X/Twitter account compromised Conference: Chainalysis Links NYC 2024 Conference (Early Bird Pricing Expires Soon) Blog - 2024 Crypto Crime Trends: Illicit Activity Down as Scamming and Stolen Funds Fall, But Ransomware and Darknet Markets See Growth YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Jeffrey Billingham (Strategic Initiatives, Chainalysis) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.  

Has Dubai’s crypto regulatory licensing process become the most stringent in the world? In this episode,  Ian Andrews (CMO, Chainalysis) gets the answer from crypto media personality and thought leader, Henri Arslanian (Co-Founder and Managing Partner, Nine Blocks Capital Management) Henri discusses the recent news of Nine Blocks Capital becoming the first licensed crypto hedge fund in Dubai and stresses the stringent regulatory framework put in place by the Virtual Asset Regulatory Authority (VARA).  He also shares his insights on the challenges and opportunities faced by crypto asset managers during market downturns and the growing role of stablecoins and DeFi in the industry. Ian concludes the conversation with grading Henri’s Top 10 crypto predictions for 2023 and his thoughts on the metaverse, crypto gaming and the need to utilize some of TradFi’s best practices. Minute-by-minute episode breakdown (2:10) - Discussion of NineBlocks Capital's licensing by VARA (Virtual Asset Regulatory Authority) in Dubai  (3:58) - Dubai's transformation into a crypto hub and the strict regulatory oversight (8:40) - NineBlocks' success in attracting investments and achieving growth in crypto industry during a downturn in the market (14:25) - Managing risk and counterparty exposure in trading strategy and broader crypto ecosystem (21:27) - Future debate on privacy and transparency in crypto transactions (25:50) - Concentration and counterparty risk in the crypto ecosystem (29:45) - Hong Kong's resurgence and its position in Asia's crypto scene (32:02) - Recap of Henri’s 2023 top 10 crypto predictions  (33:35) - Predictions on TradFi best practices, CBDCs and stablecoins as safe haven (35:44) - Predictions on Ethereum domination, regulatory tsunami and growth of DeFi (39:29) - Prediction on lack of crypto gaming surge, global metaverse strategies and self custody make a comeback and NFTs become more mainstream Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website (Henri - Personal):  Learn about Bitcoin, NFTs, DeFi & the Future of Money Website (Nine Blocks Capital): The leading institutional grade crypto asset management firm Podcast:  The Future of Money Podcast (with Henri Arslanian) Article: Special Issue: My Top 10 Crypto Predictions for 2023 Newsletter: The Chainalysis 2023 Crypto Crime Report (Available Now) Book: The Book of Crypto: The Complete Guide to Understanding Bitcoin, Cryptocurrencies and Digital Assets (Available Now) Event: Chainalysis Links Conference NYC 2024 (Apr. 9-10, 2024) - Early Bird Pricing On Now! LinkedIn Post: Compromise of the SEC's official X/Twitter account Blog: Executive Corner: Welcoming Omesh Agam as CISO YouTube: Chainalysis YouTube page  Twitter: Chainalysis Twitter: Building trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram     Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Henri Arslanian (Co-Founder and Managing Partner, Nine Blocks Capital Management) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

Fan Tokens and SportsFi might be very new terms to some in the crypto industry, but probably not to the biggest soccer and football fans around the world. In this episode, Ian Andrews (CMO, Chainalysis) learns everything about Fan Tokens from Alexandre Dreyfus (CEO, Socios.com + Chiliz) who are working with premier league soccer clubs, F1 racing teams, NFL and UFC partners to bring fandom to the blockchain . Alex discusses the concept of Fan Tokens and their growth in the sports industry and how they allow fans to have a voice and vote on decisions related to their favorite sports teams.  He also highlights the importance of regulation and compliance in the industry, as well as the challenges of security and user experience. He expresses optimism about the future of Fan Tokens and the potential for further innovation in the space, including challenging regulatory landscapes like in the USA. Alex touches on how Fan Tokens differ from traditional NFTs and how his team is exploring a non-custodial platform in order to give users more autonomy.  Minute-by-minute episode breakdown (2:23) - Alexandre's background in online gaming and poker and the emergence of regulation in the industry (4:43) - Explanation of how Fan Tokens work and how they provide value to fans and teams (13:20) - The goal of opening the ecosystem for developers to build on fan tokens (15:40) - Fan Tokens vs. NFTs  (19:24) - The global regulatory landscape and the need for compliance and education of regulators (27:32) - The rewards and risk of launching non-custodial platforms for average users (29:13) - Security concerns in the sports token industry  (33:05) - The outlook for entering the US crypto market in the future  (35:02) - Excitement about new SportFi features and decentralization Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website:  Socios.com: The biggest teams. The best fan rewards. Reward Your Passion​ Website: Chiliz: Building the web3 infrastructure for sports and entertainment Article: Chiliz 2023: A Year in Review — Expanding the Frontiers of SportFi Article: Chiliz unveils SportFi ecosystem with 25 key partnerships: Empowering sports brands to launch innovative products Conference: Chainalysis Links NYC 2024 Conference (Early Bird Pricing Expires Soon) Blog: Targeted Approval Phishing Scams See Explosive Growth Over Last Two Years, With At Least $374 Million Suspected Stolen in 2023 YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain Telegram: Chainalysis on Telegram Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Alexandre Dreyfus (CEO, Socios.com + Chiliz) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

2023 has been a bit chaotic in the crypto industry. There are more questions than anything else, but in this episode,  Ian Andrews (CMO, Chainalysis) speaks with Chainalysis’ very own Director of Research, Kim Grauer about the major events and trends in the cryptocurrency industry in 2023. They cover topics such as the surge in asset prices, the increased focus on combating crypto crime by creative government agencies, the return of ransomware attack and the continued rise of pig butchering and investment/romance scams in the industry. Kim updates us on sophisticated phishing schemes, the crackdown on the crypto related  fentanyl trade and the ongoing threat of North Korean hackers, and other important stats from both the crypto crime and crypto adoption index reports. The pair highlight the growing usage of stablecoins in jurisdictions where local currency is unstable and provide statistics backing up the fact that NFTs are definitely not dead.  Minute-by-minute episode breakdown (2:10) - Introduction and discussion of the upcoming 2023 Chainalysis Crypto Crime Report (3:58) - Analysis of the increase in asset prices and surge in the value of Solana (SOL) (7:40) - Creative efforts by law enforcement in disrupting cybercrime and ransomware (12:35) - Overview of the Global Adoption report and its importance (15:27) - Middle-income countries saw a bounce back in adoption and India topped the index for the first time (18:50) - Stablecoins are becoming a significant part of the crypto ecosystem (20:45) - Ransomware and Pig Butchering activity is on the rise (26:02) - Fentanyl production and distribution networks mapped using cryptocurrency (28:15) - Concerns about North Korea's continued hacking and crypto thefts (30:02) - Are NFTs Dead? Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website:  Chainalysis: Trusted by the world's leading financial institutions, crypto businesses and government agencies Chainalysis Blog:  The best content from the Chainalysis Team Report: The Chainalysis 2023 Geography of Cryptocurrency Report (Download Now) Report: The Chainalysis 2023 Crypto Crime Report (Available Now) Blog: Targeted Approval Phishing Scams See Explosive Growth Over Last Two Years, With At Least $374 Million Suspected Stolen in 2023 Event: Chainalysis Links Conference NYC 2024 (Apr. 9-10, 2024) - Early Bird Pricing On Now! YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Kim Grauer (Director of Research, Chainalysis) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.   

You wouldn’t expect a centralized crypto exchange to be launching a self-custody digital asset product, but  Simon McLoughlin (CEO, Uphold) speaks with Ian Andrews (CMO, Chainalysis) on the podcast to talk about VAULT, a self-custody wallet that aims to make holding digital assets easy and convenient for users. Simon shares the growth and challenges Uphold faced during the 2017 bull market and emphasizes Uphold's unique trading infrastructure, which allows for seamless trading between different assets. He explains the rigorous token listing process and the partnership with Ripple to facilitate cross-border payments and their efforts to attract large banks as partners. Simon also covers the various regulatory landscapes in jurisdictions they operate in like the USA, Europe and the UK, as well as global expansion plans to Canada, Brazil, Vietnam, and Australia.  Minute-by-minute episode breakdown (2:07) - Simon's first encounter with cryptocurrency and joining Uphold during the 2017 crypto boom (6:58) - The challenging process of listing new tokens (9:23) - Uphold's unique "anything to anything" trading experience (12:17) - Partnership with Ripple for cross-border payments (16:27) - Encouraging signs with banks approaching crypto partnerships after industry shows resilience (19:50) - Different crypto regulatory approaches by the US, Europe and UK (21:45) - Introduction of Uphold VAULT for easy self-custody (25:13) - Future prospects for the industry and Uphold’s global expansion plans Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website:  Uphold: Discover Crypto Better Press Release: Uphold launches self-custody wallet that supports XRP token Articles: What Is Uphold Vault Report: Uphold Transparency Report Blog: Cryptocurrencies: View all real-time price action for 250+ digital currencies, including majors, alt-coins, emerging tokens, and more Event: Chainalysis Links Conference NYC 2024 (Apr. 9-10, 2024) - Early Bird Pricing On Now! LinkedIn Post: Ledger Wallet Supply Chain Attack (featuring Raz Niv, CTO of Blockaid) YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Simon McLoughlin (CEO, Uphold) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

The year is 2023 and crypto prices are rising, so why are we approaching private key management like the pirates secured gold in the 1700s? In this episode, Ian Andrews (CMO, Chainalysis) gets a crash course in crypto custody from Diogo Mónica (Co-Founder and President) of Anchorage Digital who are the industry leaders when it comes to crypto custody for institutions.  Diogo explains the need for better private key management and the security challenges faced by institutions in the crypto industry and highlights the importance of Anchorage's federal bank charter and its role in providing trusted custody services to large institutions. He also touches on the crypto regulatory landscapes in USA, Singapore and the EU and the impact on Bitcoin and Ethereum ETFs in the industry, while acknowledging the security issues in DeFi and need for better programming languages. Minute-by-minute episode breakdown (2:10) - Diogo's journey from Docker to the world of crypto and founding Anchorage  (5:43) - The need for better private key management in crypto  (9:20) - The counterintuitive decision to become a bank in the crypto industry (16:40) - Flight to safety and increased trust in federal banks during banking turmoil (19:15) - Importance of Ethereum's successful transition to staking  (25:32) - Potential impact of Bitcoin and Ethereum ETFs on Anchorage and the industry (29:13) - Discussion on the regulatory landscape in the USA, Singapore and the EU (33:45) - Security issues in DeFi and need for better programming languages (37:52) - Partnership with Eaglebrook Advisors for crypto RIAs (41:59) - Excitement for regulatory clarity and stablecoin use cases in the crypto industry Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Company Website:  Anchorage Digital: Crypto for institutions Personal Website: Hi, my name is Diogo Mónica Announcements: Anchorage Digital and Eaglebrook Advisors Partner to Offer Crypto SMA Platform for Wealth Managers Blog: Eight Questions: Diogo Mónica, Co-Founder and President, Anchorage Digital Article: Anchorage Digital launches custody and trading separately managed accounts for registered investment advisors CoinDesk Article: What an SEC Proposal Means for RIAs in Crypto Conference: Chainalysis Links NYC 2024 Conference (Register Today !!) Post: Crypto Update:The Monetary Authority of Singapore has concluded its public consultation YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments Telegram: Chainalysis on Telegram Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Diogo Mónica (Co-Founder and President, Anchorage Digital) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.   

When Tommy Nicholas (CEO of Alloy) wrote a blog titled, Your Fraud Model Is Broken, you had to know he and Ian Andrews (CMO, Chainalysis) were going to have a fun and insightful conversation. In this episode, Tommy discusses how early NFTs and Bitcoin transaction speed got him interested in the space and years later his company Alloy is now servicing Fintechs, Crypto and TradFi companies managing their compliance, AML, credit, and fraud risk. He explains the broken fraud model and the need for a shift in approach to focus on the person rather than just the transaction. He emphasizes the importance of transparency and accountability by regulators in the industry and the burdensome requirements placed on the private sector. Tommy also breaks down Alloy's Annual State of Compliance Benchmark Report 2023 and how automation and even AI can support compliance teams in any industry.  Minute-by-minute episode breakdown (2:10) - Alloy's role in managing wide variety of risks for companies dealing with money (5:08) - Alloy as an operating system for risk management instead of just another risk solution  (7:23) - The frustration behind the blog "Your Fraud Model is Broken" (14:33) - The burden and costs of money laundering controls on the private sector (18:27) - The inefficiency of processing suspicious activity reports (22:56) - Threat actors taking advantage of online onboarding (30:03) - How Alloy got into the crypto industry and fraudulent practices they have identified (33:13) - Involvement in the NFT community and the potential of digital collectibles Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website:  Stop fraud, stay compliant, and solve your identity risk problem Report: Alloy's Annual State of Compliance Benchmark Report 2023 Article: Your fraud model is broken Blog: Banks have a friction challenge Blog:: How an SDK can help companies catch more fraud Report: The Chainalysis 2023 Geography of Cryptocurrency Report (Available Now) Event: Chainalysis Links Conference NYC 2024 (Apr. 9-10, 2024) - Early Bird Pricing On Now! Video: De Grandpré Chait navigates crypto tax challenges for clients YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Tommy Nicholas  (CEO, Alloy) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

As a young prosecutor, Jonathan Skrmetti (Tennessee Attorney General) worked on cases that had similar plots to the movie, Training Day. His early cases ranged from law enforcement corruption, human trafficking and presidential assassination attempts. In this episode, Ian Andrews (CMO, Chainalysis) got to talk to John about his thrilling entry to prosecutions and the cases he works on as the Tennessee Attorney general, including fighting the opioid crisis, minimizing big tech’s influence on children using social media and consumer protection in the crypto space.  John emphasizes the need for technical literacy in the judicial system and the evolving nature of technology and emphasizes the importance of collaboration between law enforcement agencies and the need for technological countermeasures to combat online scams and crimes. Minute-by-minute episode breakdown (2:10) - Tennessee Attorney General Jonathan Skrmett’s responsibilities and daily tasks (4:08) - Jonathan’s early DOJ Portfolio of Official Misconduct, Human Trafficking and Hate Crimes  (6:20) - Shift in criminal activity towards financial crimes and technology-based scams (8:45) - Importance of technical and blockchain literacy in the judicial system (10:50) - Lawsuit against Meta and the exploitative nature of social media on children (14:35) - Importance of collaboration and education in combating sophisticated crimes (20:52) - Complexity of the fentanyl crisis and the role of cryptocurrency (24:13) - Tennessee's conservative approach to crypto and NFT investment (27:45) - Need for policy environment that supports crypto innovation and protects citizens Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website:  Jonathan Skrmetti Attorney General & Reporter Coindesk Article: Bipartisan Bill Would Allow Tennessee to Invest in Crypto and NFTs Announcements: Tennessee AG Opioid Settlements Article: TN AG Skrmetti Leads Coalition in Filing Lawsuits against Big Tech Giant Meta and its Social Media Platform Video: Attorney General Press Conference - use passcode: #8&di5!+  Advisory Report: U.S. Surgeon General Advisory - Social Media and Youth Mental Health Video: The Chainalysis 2023 Geography of Cryptocurrency Report (Available Now) Blog: KPMG in Canada and Chainalysis team up to help organizations combat illicit crypto transactions YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Jonathan Skrmetti (Tennessee Attorney General) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

Our 2023 GEO Report revealed that across the Sub-Saharan African region, centralized exchanges are the most-used platform type, facilitating over half of all transaction volume and in this episode, Ian Andrews (CMO, Chainalysis) speaks to an expert on the ground, Marius Reitz (General Manager Africa, Luno), to understand what's driving this grass-root adoption.  Marius shares his early journey into the crypto industry and discusses the challenges and opportunities in the African market. He highlights the importance of education and the need for regulatory clarity and collaboration between the crypto industry and regulators, in order for growth and stability in the market.  He also identifies the rise of peer-to-peer trading, and the potential for real-world asset tokenization and how Luno’s products and services continue to evolve to meet the needs of its customers and expand its presence in the African market. Minute-by-minute episode breakdown (2:09) - Marius's chance encounter with cryptocurrency and decision to join Luno (5:08) - The landscape of crypto in South Africa in 2016 and challenges in the industry  (8:20) - The role of education in Luno's operations and challenge and focus on providing safe access to the unbanked sector (12:45) - Crypto use cases in Africa: unmet needs and access to global markets (16:50) - Crypto regulatory climate in South Africa and relationship with traditional banking industry (19:35) - Ease of buying and selling crypto in and the peer-to-peer market in Africa (29:08) - Regulatory landscape and its impact on the African crypto industry (33:24) - Decentralized exchange landscape and the appetite for Real World Assets in Africa  (37:45) - Regulation to drive exponential growth expected in the African crypto market Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website:  Luno aims to be one of the most compliant crypto investment platforms in the world Blog: Is Luno regulated? Why is this important? Announcement: Cardano staking is now available in South Africa through Luno Project: Luno Proof of Reserve Project LinkedIn Post: Identifying Fake Profiles Impersonating Luno Employees Blog: Cryptocurrency Penetrates Key Markets in Sub-Saharan Africa as an Inflation Mitigation and Trading Vehicle Report: The Chainalysis 2023 Geography of Cryptocurrency Report (Available Now) Blog: Crypto Basics -What is Blockchain Gaming? YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Marius Reitz (General Manager Africa, Luno) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.     

"Decentralization will not, absolutely not, be the reason for the average user to use Web3. The average user is not going to use Web3 until it's as easy to use as Web2 and unlocks features that Web2 cannot provide."  This is a powerful quote from this episode's conversation with Ian Andrews (CMO, Chainalysis) and the, Co- Executive Directors of the Web3 Working Group, Amy James and Devon James as they unravel the technical complexities of Decentralized Physical Infrastructure Networks (DePIN) and explain why they believe the next opportunity for wider adoption will not just be adoption in the financial space, but adoption in the technology space. The duo also emphasize the need for open protocols and standards to ensure interoperability and competition in the space, as well as the challenges of building in the Web3 space and the importance of educating policymakers and regulators about the potential for these technologies. Minute-by-minute episode breakdown (2:01) - What is the Web3 Working Group and the need for decentralized physical infrastructure networks (DePins)  (6:08) - Discussing the Open Index Protocol and transitioning from manufacturing to software and Bitcoin (11:20) - Advantages of the protocol and comparison to IPFS and use of BitTorrent and blockchain for indexing content (16:45) - Difficulty in building web3 experiences beyond financial transactions (20:50) - Decentralization won't be the reason for average users to use Web3 (28:02) - Reasons for creating a not-for-profit advocacy group for Web3 and challenges of operating in the US market due to regulations (34:08) - Educating regulators and policymakers on Web3 technology (38:27) - Potential benefits and concerns of traditional finance players entering the crypto space Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website:  Web3 Working Group: Advocacy for Decentralized Infrastructure Protocols Youtube: Weekly Youtube Live Show: What Kind of Internet Do You Want?  Podcast: DarkHorse Podcast with Bret Weinstein  Webpage:  Explore DePIN protocols and the decentralized apps that use them Article: What is DePIN? Blog: Risky Business: The Economics Behind Decentralized Storage Networks Blog: OFAC Sanctions Russian National Ekaterina Zhdanova for Using Cryptocurrency to Launder Money on Behalf of Russian Elites and Ransomware Groups Report: The Chainalysis 2023 Geography of Cryptocurrency Report (Available Now) YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) Amy James (Co- Executive Director, Web3 Working Group) Devon James (Co- Executive Director, Web3 Working Group) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.   

Bridge hacks, phishing scams and malicious code draining wallets have forced consumer protection to be a top priority in the crypto and DeFi industry. In this episode, Ian Andrews (CMO, Chainalysis) gets a deeper understanding of how decentralized insurance works with guest,  Brandon Brown (CEO & Co-Founder, FairSide), who are revolutionizing the insurance alternatives in the crypto space Brandon explains that decentralized insurance is still in its early stages and has yet to be fully defined and believes that the current models in the space are trying to reinvent the wheel, even though the traditional insurance model is robust and resilient. He also discusses the challenges of navigating the regulatory landscape in the insurance industry and explains that FairSide operates as a cost-sharing network rather than a traditional insurance product. Minute-by-minute episode breakdown (2:05) - Why Decentralized Insurance is yet to be defined and the importance of insuring valuable crypto assets (6:12) - FairSide Network's focus on wallet insurance for mass adoption (14:19) - Insurance companies invest premium deposits, but DeFi carriers shouldn't (18:47) - Traditional insurance expense model vs blockchain efficiency  (23:55) - Different approaches to governance in DeFi and wallet theft protection (28:01) - Navigating the regulatory landscape in traditional and crypto insurance (31:25) - Brandon discusses the roadmap and launch plans of Fairside (33:27) - FairSide can go mainstream and expand beyond crypto   Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Fairside: Personal Wallet Theft Protection  -  Self-custody with confidence Blog:   Decoupling from the risk of DeFi insurance Whitepaper: FairSide Whitepaper Article: Nasdaq: Protecting Your Crypto Portfolio: How Crypto Insurance Works Report: The Chainalysis 2023 Geography of Cryptocurrency Report (Download Your Copy Today) Blog: An update on the UK’s Economic Crime and Corporate Transparency Act (ECCT) Webinar: Global crypto adoption: Does regulation matter for growth? YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Brandon Brown (CEO & Co-Founder, FairSide) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

When we want to understand the new IRS proposed regulations on digital asset brokers, Ian Andrews (CMO, Chainalysis) knows to speak to Roger Brown (Global Head of Tax Strategy, Chainalysis) before anyone else.  Roger does an excellent job demystifying who is going to be captured by the proposed regs and defines key terms in the regulations such as brokers, digital asset middlemen and persons that will be impacted by the proposed legislation.  He also dissects the impact of these new tax rules on crypto exchanges, payment processors, decentralized platforms, and even DAOs to and describes what facilitative services are that are material to being captured under the regs.  Ian and Roger also discuss how travel rule requirements may be sufficient to satisfy tax rule reporting and highlight the importance of assessing effective KYC obligations. Minute-by-minute episode breakdown (2:13) - Overview of the recent IRS regulations on crypto tax reporting (4:08) - Definition of a broker and digital asset middleman in the context of digital assets (8:20) - Impact of the regulations on decentralized protocols and platforms (11:45) - Importance of information reporting in crypto to tackle the tax gap  (16:50) - IRS's approach to regulating decentralized exchanges leading with guidance vs enforcement  (19:02) - Questioning why stablecoin transactions are subject to reporting (24:08) - Speculation on the reaction of payment processors to the reporting requirements (28:27) - Potential overlap between travel rule compliance and tax reporting (31:45) - Consideration of peer-to-peer exchanges and possibility of bypassing reporting requirements by directly interacting with smart contracts (35:35) - Importance of assessing effective KYC obligations - It's not a matter of if they will apply it's a matter of when Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Report:  The Chainalysis 2023 Geography of Cryptocurrency Report (Available Now)  IRS Proposed Regulations: Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions Blog: IRS Update: U.S. Proposed Tax Regulations Outline Information Reporting Obligations for Crypto Exchanges and Others Blog:  Reporting Obligations of the OECD Crypto Asset Reporting Framework Blog: Infrastructure Investment Act Expands Tax Reporting Obligations for Cryptocurrency Exchanges and Others Report: Notabene: The State of Crypto Travel Rule Compliance Report 2023 Webinar: Global crypto adoption: Does regulation matter for growth? (Nov. 2 2023 at 11am ET | 3pm GMT) with Kim Grauer and Caroline Malcolm YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Roger Brown (Global Head of Tax Strategy, Chainalysis) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

Driving Web3 Adoption in TradFi Real world asset tokenization is all the hype with traditional institutions looking to delve into the world of web3, but security, accuracy and reliability of data and price points, continues to keep many on the sidelines. In this episode, Ian Andrews (CMO, Chainalysis) gets to speak with Kemal El Moujahid (Chief Product Officer) of Chainlink, whose team is connecting smart contracts with Web2 systems.  They delve into the benefits of Chainlink's Cross Chain Interoperability Protocol (CCIP) and the potential for real-world assets and data to be integrated into the blockchain in a secure and trust-minimized way. Kemal identifies the tension between speed and security in DeFi bridge transfers and the need for interoperability between chains, in order to unleash the real value of on-chain assets. He also explains Chainlink's role in providing connectivity and solving the limitations of smart contracts and how the future will be balancing real world assets with real world data and real world users. Minute-by-minute episode breakdown (2:15) - Kemal’s journey from Google into the world Ethereum Virtual Machine (EVM) and smart contracts (5:12) - Chainlink's role in providing connectivity and solving the limitations of smart contracts (8:58) - The importance of oracles in connecting smart contracts with Web2 systems (11:25) - Introduction to Chainlink's Cross Chain Interoperability Protocol (CCIP)  (13:55) - The tension between speed and security in DeFi bridge transfers (16:02) - CCIP's approach to waiting for finality on the source chain (21:45) - The connection between SWIFT and CCIP for modernizing the financial system (28:45) - Introduction to Chainlink Functions and its role in connecting smart contracts with Web2 APIs (32:27) - Real world assets, real world data, and real world users Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Chainlink is the decentralized computing platform powering the verifiable web Blog: What Is a Blockchain Oracle? Video:  Chainlink Tech Talk 22: Coinbase: Open-Source NFT Floor Price Feeds Whitepaper: ChainLink: A Decentralized Oracle Network Announcement:Cross-chain by Chainlink The era of secure blockchain interoperability has arrived Blog: OFAC Sanctions Gaza-based MSB Buy Cash with Crypto Ties to Hamas Following Terror Attack Against Israel Blog - Correcting the Record: Inaccurate Methodologies for Estimating Cryptocurrency’s Role in Terrorism Financing YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Kemal El Moujahid (Chief Product Officer, Chainlink) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

Crypto and its Convergence with Institutional Trading Institutional investment has long been the key to mass adoption in the crypto industry but with the chaos of 2022 and the demise of several large industry players, we have to start assessing what the real risks are in this space. In this episode, Ian Andrews (CMO, Chainalysis) gets to speak with Kyle Downey (CEO & Co-founder, Cloudwall), whose team is building what they hope is the world’s most sophisticated digital asset risk platform named Serenity.  Kyle emphasizes the need for better infrastructure and  risk management tools in the crypto space, particularly for institutional investors. and discusses the challenges and opportunities in the DeFi space and the importance of finding a balance between privacy and transparency.   Ian and Kyle double down on the industry needing to prioritize counterparty risk and also touch on what real world asset tokenization will look like for portfolio managers. Minute-by-minute episode breakdown (2:02) - Kyle Downey’s early foray into Bitcoin, Mt. Gox and crypto trading (8:08) - Need for more investment in institutional-grade tools and systems for crypto (13:20) - OTC markets, DeFi platforms and capital efficiency challenges with transparency on the blockchain (17:06) - Momentum and interest in DLT and crypto within financial institutions  (22:25) - Potential impact of risk management platforms and limitations of risk systems in detecting fraud (26:02) - Importance of addressing counterparty risk in the crypto industry (31:45) - The role of risk management tools in attracting risk-averse investors (36:13) - Open questions and challenges in regulating DeFi (42:27) - Serenity's upcoming release and portfolio analytics suite Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Cloudwall: The world’s most sophisticated digital asset risk platform Blog: Analyzing Exchange Token Risk with Serenity Post-FTX12 Newsletter:  The Seven Deadly Sins of Finance: Building a better financial architecture in institutional crypto Case Study: Cloudwall: Empowering Digital Asset Managers with Serenity Announcement: Copper partners with Cloudwall, Bringing Stronger Operational Risk Controls to its Institutional Investors Blog: Latin America: Venezuela and Argentina Stand Out as Examples of Crypto’s Unique Utility Blog - Crypto Basics: The Importance of Blockchain Security YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Kyle Downey (CEO & Co-founder, Cloudwall) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

Web3: Charting the Internet's Next Economic and Cultural Frontier The evolution of the internet from the read only web1, to interactive web2 of social media platforms like Facebook and Google, all the way to web3 where the emergence of decentralization and the absence of intermediaries and the exploration of intelligent autonomy. We have come a long way and in this episode, Ian Andrews (CMO, Chainalysis) talks with best selling author and co-founder of Blockchain Research Institute, Alex Tapscott to talk about his latest best selling book, WEB3 and the misconceptions about the internet’s next economic frontier. Alex and Ian dive deep into the topic of creator ownership, the balance between privacy and transparency in Web3 and the untapped potential of the Metaverse. Alex explains why he is optimistic about the future of Web3 adoption and the global impact it has in underbanked and underemployed regions and the need for every company to think about a Web3 strategy. Minute-by-minute episode breakdown (2:18) - Alex’s inspiration behind writing the book and the need to demystify web3 (5:08) - The evolution of the internet from web1 to web2 to web3 (9:20) - Balancing commercialization and the focus on ownership in web3 (14:06) - The potential market size for web3 and how big is the creator economy  (21:25) - Implementation hurdles for privacy and transparency balance in web3 (27:02) - The future of the Metaverse and its impact on the future of the web (33:12) - Acceleration of web3 implementation at the enterprise level (35:45) - Examples of web3 adoption in countries all over the world (38:18) - The relevance of Web2 companies in the future and who will capture value in the next cycle of innovation Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Alex Tapscott: Wall Street Journal Best Seller of book, WEB3 Amazon Books: Web3: Charting the Internet's Next Economic and Cultural Frontier Article:  Harvard Business Review: Web3 Could Change the Business Model of Creative Work News: New York Post: Using the power of Web3 to create the Internet we always wanted  Podcast: Bloomberg Businessweek: A Guide to Navigating the Next Internet Revolution Podcast: Breaking Banks with Brett King:Episode 510 - Future of Money and Web3 Blog: Eastern Asia: Do Recent Hong Kong Developments Signal More to Come for China and Region at Large? Blog: OFAC Sanctions Network Involved in China-based Manufacturing of Fentanyl and Other Drugs, Highlights Related Cryptocurrency Addresses YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Alex Tapscott  (Author, Web3: Charting the Internet's Next Economic and Cultural Frontier) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company. 

Bitcoin Mining and Data Centre Innovations Bitcoin Mining is not for the faint of heart and with the constant fluctuation of Bitcoin prices and available energy, many operations had to power off their operations within the last year. In this episode, Ian Andrews (CMO, Chainalysis) talks with Jaime Leverton, the CEO of publicly trading bitcoin mining and data center operation, Hut 8. Jaime breaks down the economics behind bitcoin mining and the need for mining operations to diversify and explains how Hut 8 brought on traditional data centers under its services. She addresses the criticisms surrounding the environmental impact of Bitcoin mining, emphasizing the industry's efforts to use renewable energy sources and reduce carbon emissions.  Jaime discusses the convergence of AI and blockchain technology as the next frontier for innovation and provides updates about material partnerships with US Bitcoin Corp (USBTC) and Coinbase.  Minute-by-minute episode breakdown (2:17) - Overview of Hut 8, one of the first publicly traded Bitcoin mining company   (6:03) - What drew Jaime into crypto and the potential for disruption (10:20) - Challenges and cycles in the Bitcoin  mining industry (15:35) - Excitement about the merger with US Bitcoin Corp (USBTC) and its benefits (20:25) - Discussion on the current market for mining GPUs and AI (25:21) - Addressing the environmental criticisms of Bitcoin mining (29:43) - Explanation of how Bitcoin miners interact with power providers (32:37) - Bitcoin mines can be set up anywhere with an energy source (35:49) - Future focus on AI, nuclear energy and blockchain intersection for innovation Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Hut 8: Powering the digital ecosystem Press Release: Hut 8 Provides Update on Business Combination with USBTC Report: KPMG Report: Bitcoin’s role in the ESG imperative News:  Bitcoin Miner Hut 8 Secures Up to $50M in Loans From Coinbase Blog: OFAC Sanctions Mexican and Colombian Nationals Involved in Sinaloa Cartel Fentanyl Trafficking Blog: Middle East & North Africa: Crypto Takes Hold as UAE Leads the Way in Promoting Regulatory Clarity YouTube: Chainalysis YouTube page  Twitter: Chainalysis Twitter: BuildCareers at Chainalysising trust in blockchain Tik Tok: Building trust in #blockchains among people, businesses, and governments. Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Jaime Leverton (Chief Executive Officer, Hut 8) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.  Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.