BREAKDOWN: Hamstringing an Industry With Compliance Costs | January 7th, 2020

BREAKDOWN: Hamstringing an Industry With Compliance Costs | January 7th, 2020

In their annual transparency report, Kraken reported seeing a 50% increase in regulatory inquiries as compared to 2018, which CEO Jesse Powell later revealed cost the exchange more than $1m. Between this and stories like the $2m it cost Blockstack to raise $23m in an SEC compliant token sale (8.7% of the raise), it begs the question: will compliance costs fundamentally limit innovation by demanding big war chests to play? Will the most successful companies be those who (like Block One) simply raise enough to pay off the regulators on the back end? We also look at new mining interests in Texas and what it means for American mining and bitcoin mining in the lead up to the halving more broadly, as well as dissect an op-ed from the IMF’s chief economist on the strength of the dollar over digital alternatives. Topics discussed Kraken annual transparency report shows off growing regulatory inquiries and increasing cost of compliance Related Article: Law Enforcement Data Requests Rose by Almost 50 Percent in 2019, Says Kraken New global interests in giant Texas-based bitcoin mining operation Related Article: SBI, GMO to Rent Capacity at Massive Bitcoin Mine in Texas: Report The IMF’s chief economist on why digital currencies don’t threaten the dollar’s global reserve currency status Related Article: Digital Currencies Won't Replace US Dollar Any Time Soon: IMF Chief Economist See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Episoder(3937)

Blockspace: Google's Quantum Bitcoin, Fold credit card, and Bitcoin Volatility Index

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Why Jack Dorsey Thinks AI Will Replace Middle Managers | CoinDesk Daily

Why Jack Dorsey Thinks AI Will Replace Middle Managers | CoinDesk Daily

Jack Dorsey says middle managers will be replaced by AI. Block CEO Jack Dorsey argues that his company's decision to cut approximately 40% employees was not a cost reduction but a permanent restructu...

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Google Warns Quantum Could Crack Bitcoin Faster Than Thought | CoinDesk Daily

Google Warns Quantum Could Crack Bitcoin Faster Than Thought | CoinDesk Daily

Google warns of quantum threat to bitcoin. Google’s Quantum AI team released a new whitepaper revealing that Bitcoin’s security could be compromised with significantly less computing power than previ...

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Blockspace: Google Updates Quantum Timeline, Bitdeer’s 180MW AI Site, Sen Warren Targets Trump + Bitmain

Google is moving up their timeline for quantum readiness, and Elizabeth Warren has her sights set on the Trump family’s business dealings with Bitmain. Get your tickets to OPNEXT 2026 before prices...

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Wall Street’s crypto push is accelerating. In this episode of Public Keys, host Jennifer Sanasie is joined by Bloomberg Intelligence Senior Analyst James Seyffart to break down what Morgan Stanley’s ...

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Strategy Ends Its 13-Week Bitcoin Buying Streak | CoinDesk Daily

Strategy Ends Its 13-Week Bitcoin Buying Streak | CoinDesk Daily

Did Strategy stop buying bitcoin? For the first time in 13 weeks, Michael Saylor did not post the signature "orange dot" signal on X, breaking Strategy's 13-week Bitcoin buying streak. With the compa...

30 Mar 2min

Blockspace: Hut 8 AI Update, Crypto-Backed Mortgages, MARA Sells $1.1B BTC

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On today’s Blockspace Live, we have Hut 8 CEO Asher Genoot and cover the big news that MARA sold $1.1B in BTC. Get your tickets to OPNEXT 2026 before prices increase! Join us on April 16 in NYC for...

28 Mar 1h 26min

$171M Pulled From Bitcoin ETFs: Is Institutional Demand Cooling? | CoinDesk Daily

$171M Pulled From Bitcoin ETFs: Is Institutional Demand Cooling? | CoinDesk Daily

U.S. Spot BTC ETFs saw largest single-day outflow in three weeks. U.S. spot bitcoin ETFs recorded $171 million in outflows on Thursday, the biggest single-day withdrawal since early March. Is this a ...

27 Mar 2min

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