3 times a charm! This is the 3rd time Erin West (Deputy District Attorney, Santa Clara County, Office of the District Attorney) has appeared on the podcast speaking with Ian Andrews (CMO, Chainalysis) and all 3 episodes have been the most downloaded episodes in Public Key history. Erin talks about the evolution of combating crypto crimes, from SIM swapping to pig butchering scams.  She highlights the growing efforts with the Crypto Coalition and Operation Shamrock and how she will be leaving her position as Deputy District Attorney in Santa Clara to pursue operating Operation Shamrock full time. She reveals the bottleneck when it comes to combating pig butchering including victim shaming and the transnational organization of criminal syndicates.   She also highlights the need for a unified national strategy against crypto-related scams and increased public private partnerships and collaboration, which in part earned her the Chainalysis Customer Bridge Builder Award and recognition as the ACAMS AFC Professional of the year.  Minute-by-minute episode breakdown 2 | Erin West's impactful work in SIM Swapping and Pig Butchering and law enforcement 4 | The global threat of Pig Butchering Scams and transnational organized crime syndicates 6 | Psychological manipulation and its impact on educated and technical professionals 8 | Being named Chainalysis Customer Award winner as Bridge Builder of the Year (2024)  9 | Building bridges in cryptocurrency investigations and global collaboration with REACT Taskforce and Operation Shamrock  13 | Collaborative solutions to combat Pig Butchering scams 17 | The bottleneck of fighting Pig Butchering is handling victims  20 | Erin West retires from Santa Clara DA office to lead Operation Shamrock as nonprofit 23 | House Committee on Financial Services hears about Pig Butchering and crypto scams 26 | OFAC sanctions Cambodian tycoon and businesses linked to Pig Butchering scams 29 | The future of Operation Shamrock and combatting Pig Butchering  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Operation Shamrock: Educate. Seize. Disrupt Website:REACT Taskforce: Regional Enforcement Allied Computer Team (REACT) Blog: Announcing Chainalysis’ 2024 U.S. Public Sector Customer Awards Program Announcement:  ACAMS: AFC Professional of the Year (2024): Erin West Video: U.S. House Committee on Financial Services:Protecting Americans’ Savings: Examining the Economics of the Multi-Billion Dollar Romance Confidence Scam Industry. Press Release: Treasury Sanctions Cambodian Tycoon and Businesses Linked to Human Trafficking and Forced Labor in Furtherance of Cyber and Virtual Currency Scams Blog: 2024 Crypto Crime Mid-year Update Part 2: China-based CSAM and Cybercrime Networks On The Rise, Pig Butchering Scams Remain Lucrative Podcast: Episode 45: How Law Enforcement is Combating Pig Butchering Crypto Scams (with Erin West and Alona Katz) YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Speakers on today’s episode Ian Andrews *Host* (Chief Marketing Officer, Chainalysis)  Erin West (Deputy District Attorney, Santa Clara County, Office of the District Attorney) 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 think about the crypto company that has cracked the real world adoption problem and given access to people internationally who want access to the US dollar and foreign currency, we have to describe Tether as being that company. In this episode, Ian Andrews (CMO, Chainalysis) talks with the CEO of Tether and CTO of Bitfinex, Paolo Ardoino about what the future of decentralization looks like for finance, communication and the exchange of value.  Paolo shares his journey and the evolution of blockchain and stablecoins, addressing criticisms and highlighting Tether's robust financial position and attestation of reserves. He also outlines plans for decentralized communication, tokenization of financial assets as ecosystems amidst a burgeoning landscape. The duo highlights Tether's collaboration with law enforcement and Chainalysis and the potential implications of Central Bank Digital Currencies (CBDCs) on privacy and banking. Minute-by-minute episode breakdown 2 | Paolo Ardoino's journey from coding to leading Tether 4 | Tether's Impact on global cryptocurrency market and real world adoption 8 | From CTO to CEO: Paolo shares how embracing resilience and independence led to success 12 | Holepunch: Revolutionizing communication with peer-to-peer technology 17 | Tether's financial resilience amidst scrutiny and market challenges 26 | Tether's collaboration with law enforcement and importance of blockchain transparency 32 | Alloy, Dirham backed stablecoin and Tether's strategy for tokenizing global financial assets 35 | The future of blockchains, CBDCs and why Telegram’s TON Network is so interesting Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Tether: Technology to empower individuals, communities and nations to become self-sustainable, independent and free Website: Holepunch: The peer-to-peer company News:  Tether Assists U.S. Department of Justice in Seizing Over $6 Million in Alleged Proceeds Linked to Crypto-Confidence Scheme News: Tether Aids Dutch Authorities, U.S. Secret Service in Takedown of Major Crypto Money Laundering Operations Announcements: Tether to Develop UAE Dirham-Pegged Stablecoin Report: Tether Attestation and Transparency Reports Blog: Sub-Saharan Africa: Nigeria Takes #2 Spot in Global Adoption, South Africa Grows Crypto-TradFi Nexus Blog: OFAC Designates Russia-Based Cybercrime Syndicate, Evil Corp, in Joint Effort with UK’s FCDO and Australia’s DFAT YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Speakers on today’s episode Ian Andrews *Host* (Chief Marketing Officer, Chainalysis)  Paolo Ardoino (CEO, Tether and CTO, Bitfinex) 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. 

If you are an active listener of this podcast, guests keep coming to this word decentralization.  But the definition of decentralization is quite vague at the moment, with some companies using this term to avoid regulatory compliance oversight and others wanting to create a legal framework that  allows for token issuance,  smart contract enabled governance and prescribing token holder rights. In this episode, Ian Andrews (CMO, Chainalysis) tries to get more clarity on what decentralization really means to regulators, as he speaks to Dmitry Fedotov, who is Head of DLT Foundations Oversight at ADGM, the Abu Dhabi regulators who created the world’s first framework for blockchain foundations, DAOs and web3 entities. His journey as an entrepreneur served him well as he transitioned to the regulators, even his first days working for the Virtual Assets Regulatory Authority (VARA), when the FTX collapsed and he had to provide a better understanding of the events to both the public and private sector. Dmitry and Ian talk about what decentralization really means and how the ADGM created the  world’s first purpose-built framework for blockchain foundations,DAOs and web3 entities, offering regulatory clarity and legal frameworks that are attracting global entities and fostering innovation in the blockchain space.  Minute-by-minute episode breakdown 2 | Dmitry’s early days of AI, decentralized system and buying Bitcoin in 2014 6 | From Bitcoin enthusiast and entrepreneur to Dubai’s Virtual Asset Regulatory Authority (VARA)  8 | Introducing the world's first purpose built framework for blockchain foundations, DAOs and web3 entities 13 | Blockchain Foundation’s journey to becoming fully decentralized autonomous organizations (DAOs) 16 | Progressive decentralization in blockchain and the regulatory challenges that ensue 19 | DAOs: To regulate or not to regulate that is the question  22 | What are the limitations of the EU MiCA regulations for Virtual Asset Service Providers (VASPs) 26 | Why Hacken and other DLT focused companies are eyeing ADGM as their new headquarters  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: ADGM: The Financial Centre of Abu Dhabi Framework:  World’s First Framework for Blockchain Foundations, DAOs, and Web3 Entities Regulation: ADGM: Distributed Ledger Technology Foundations Regulations Guidance: ADGM: Guidance on Permitted Activities for DLT Foundations Article: Cointelegraph: Tether plans to launch dirham stablecoin with UAE partners Announcement: ADGM, Hacken partner to set new benchmarks for blockchain security and compliance Blog: Middle East & North Africa: Regulatory Momentum and DeFi Fuel Adoption Blog: OFAC Designates Russian Exchange Cryptex and Fraud Shop Facilitator UAPS, FinCEN names PM2BTC YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Speakers on today’s episode Ian Andrews *Host* (Chief Marketing Officer, Chainalysis)  Dmitry Fedotov (Head of DLT Foundations Oversight, ADGM) 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.  

Russia has become an international force using cryptocurrency for sanctions evasion, ransomware attacks and most recently malign interference in the US elections. Ian Andrews (CMO, Chainalysis) speaks with colleagues,  Valerie Kennedy (Director of Intelligence Solutions, International) and Andrew Fierman (Head of National Security Intelligence) on the heels of Russia enacting significant legislation changes including legalizing cryptocurrency mining and permitting the use of crypto for international payments. The trio explore Russia’s utilization of sanctioned crypto platforms like Garantex, the rising use of Telegram for illicit activities and the global implications of their election interference and disruptive tactics across the USA, Europe and beyond. They highlight that Russia’s affiliated media firms were funneling millions to US-based influencers to spread propaganda, the use of bot networks and the troubling rise of online platforms selling compromised social media accounts. This is a must listen, as Russia has become the international focus when it comes to geopolitical hotspots.  Minute-by-minute episode breakdown 2 | Valerie Kennedy’s cyber background and transition into working at a crypto exchange 4 | Is Russia leading the crypto industry in sanctions evasion, elections interference and ransomware attacks?  6 | Understanding Russia’s secondary sanctions dilemma  10 | Russian sanctions evasion using crypto and traditional fiat  14 | Russian media companies bankrolling American influencers to create Pro-Russia propaganda  20 | The effectiveness of Sanctions against illicit Russian actors in the crypto industry 23 | Russia’s attempt to influence other countries and using spies and crypto to do so 26 | The significant of Telegram Founder getting arrested and the controversial use of the messaging platform 28 | Why are manufacturers of Unmanned Aerial Vehicle (UAV) being sanctioned? 32 | How sanctioned Russian exchange, Garantex is still thriving using stablecoins 35 | Key takeaways for compliance officers navigating Russian connected typologies   Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Chainalysis: The Blockchain Data Platform Press Release: Operation Final Exchange: German Federal Criminal Police Office shut down almost 50 crypto  money laundering platforms Report: The Chainalysis Malign Interference and Crypto Report Blog: Russia’s Cryptocurrency Pivot: Legislated Sanctions Evasion Blog: OFAC Sanctions Russian Drone Developer KB Vostok Linked to Ukraine Invasion Blog: International Agencies Sanction Russian National Dmitry Yuryevich Khoroshev, Leader of Cybercrime Group LockBit, for Developing and Distributing Ransomware Blog: OFAC Sanctions Hydra Following Law Enforcement Shutdown of the Darknet Market, As Well As Russian Exchange Garantex News: The Washington Post: Inside Tenet Media, the pro-Trump ‘supergroup’ allegedly funded by Russia YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Speakers on today’s episode Ian Andrews *Host* (Chief Marketing Officer, Chainalysis)  Valerie Kennedy (Director of Intelligence Solutions, International, Chainalysis) Andrew Fierman (Head of National Security Intelligence, 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. 

Why build another DeFi product or platform when there are already so many? Well that is both a good question and an unfortunate problem highlighted by  Ian Andrews (CMO, Chainalysis) in today’s episode as he speaks to the CEO of Tea-Fi, Matan Doyich.  Matan and his team are creating a one-stop shop for the wide variety of DeFi platforms in order to have the ability to conduct swaps, provide lending, execute decentralized trades and all the other core fundamental products of DeFi, all in one place. Matan details Tea-Fi’s features, including its privacy-focused solutions using ZK technology and the ambitious goal of integrating lending, swaps, and synthetic assets with upcoming support for cross-chain transactions and a debit card. He provides his insights on International regulatory scrutiny towards privacy protocols like Tornado Cash and explains why Fully Homomorphic Encryption (FHE) could be the future of adding privacy to existing crypto solutions.  Minute-by-minute episode breakdown 2 | Simplifying DeFi: How Tea-Fi plans to turn a complex ecosystem into one user-friendly platform  4 | Matan’s crypto journey from algorithmic trading to creating a crypto hedge fund   8 | Balancing privacy and regulation in decentralized finance (DeFi) 12 | Understanding the focus by regulators on Tornado Cash and Telegram as money laundering conduits 17 | Fully Homomorphic Encryption (FHE) could be the future of adding privacy to existing crypto solutions 20 | Unveiling the Tea-Fi ecosystem including DEXs, swap protocols and landing platforms 24 | How Tea-Fi will be able to offer uncollateralized crypto loans via their network reward program 26 | What does Tea-Fi excited about for the end of 2024 Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Tea-Fi: The One-Stop Shop For DeFi Whitepaper: Tea-Fi Whitepaper: Private Decentralized Finance Roadmap: Tea-Fi Roadmap - 2024 to 2025 Blog: 2022 Biggest Year Ever For Crypto Hacking with $3.8 Billion Stolen, Primarily from DeFi Protocols and by North Korea-linked Attackers Article: Tea-Fi: One-Stop Shop for DeFI Report: The 2024 Global Adoption Index: Central & Southern Asia and Oceania (CSAO) Region Leads the World in Terms of Global Cryptocurrency Adoption YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Matan Doyich (CEO, Tea-Fi) 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 is back. It could be attributed to the increasing prices, Bitcoin ordinals or the development of Layer 2 initiatives on the most secure blockchain ever. In today’s episode, Ian Andrews (CMO, Chainalysis) speaks with Stanford Professor and Co-founder of BabylonChain, Davide Tse, to explore how Bitcoin can be used to secure proof of stake networks without the use of bridges.  The episode kicks off with an introduction to BabylonChain, a protocol designed to leverage Bitcoin for securing proof of stake networks using Bitcoin's native time lock feature and cryptographic methods to ensure both security and incentivization of honest behavior by stakers. David discusses his early days collaborating with Vitalik Buterin to identify vulnerabilities in Ethereum’s move to proof of stake and highlights the renewed interest in Bitcoin, powered by recent ETF approvals and L2 projects. Minute-by-minute episode breakdown 2 | Why Bitcoin is the perfect asset to secure Proof of Stake blockchains  4 | David Tse’s past life focused on wireless infrastructure to figuring out how to scale Bitcoin  6 | Collaborating with Vitalik Buterin to transition Ethereum to a Proof of Stake protocol 8 | Integrating Bitcoin with Proof of Stake without bridging 13 | What is Babylon Chain and how does it work  18 | The renewed interest in Bitcoin due to Bitcoin ETF approvals and Bitcoin L2 projects  22 | The collaboration with Nubit, the first Bitcoin-native data availability layer 24 | How Babylon Chain can go from testnet to mainnet  26 | What assets are staking rewards paid in? 28 | Bitcoin is Back and the innovation that will be built on top of it  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: BabylonChain: Unlocking 21 Million Bitcoin to Secure the Decentralised Economy Blog: What is Bitcoin Staking? Article: Forbes: How Bitcoin Usage Could Skyrocket Thanks To Zero-Knowledge Proofs Article: Blockworks: Yes, staking actually should be regulated Blog: Zero-Knowledge Rollups and Optimistic Rollups: An Overview Report: The 2024 Global Adoption Index: Central & Southern Asia and Oceania (CSAO) Region Leads the World in Terms of Global Cryptocurrency Adoption YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Telegram: Chainalysis on Telegram  Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  David Tse (Co-Founder, BabylonChain) 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.  

Very rarely do you get to listen to top visionaries like Elon Musk, Jeff Bezos and Sam Altman talk about technological shifts that changed the world, but in today’s episode, Ian Andrews (CMO, Chainalysis) speaks with Michael Gronager (Co-Founder & CEO, Chainalysis) about building the the first blockchain analytics company that forever will change cryptocurrency industry. Michael takes us on his journey  from chemistry and computational studies to virtual reality and launching one of the first crypto exchanges.  He shares his innovative approach to cryptography and distributed systems and how this benefited him with his time at building up Kraken and recounts the early days of cryptocurrency before regulations and bank acceptance on his path to creating Chainalysis. The duo discuss the evolution of crypto compliance, the creation of Chainalysis' flagship solution, Reactor, on a shoestring budget and the challenges faced in bringing transparency to the crypto world.  Minute-by-minute episode breakdown 2 | Michael’s journey from chemistry to computational studies to virtual reality 8 | What happened when Michael finally hears about Bitcoin in 2010 11 | Challenges and innovation in Bitcoin micro payments 17 | Launching Kraken: Overcoming challenges in early crypto exchange era 24 | The industry tipping point that started the creation of Chainalysis  32 | The serendipitous journey of the founding team of Chainalysis and first investor / customer convos 39 | Crypto is starting to look more like finance rather than finance looking more like crypto 42 | The evolution of trust and stablecoins in the crypto ecosystem  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Chainalysis: Building Trust in Blockchains Blog: How the Chainalysis Crypto Investigations Solution Supports Cases From Lead Discovery to Illicit Seizures Article: Edge Middle East: How an 11-hour flight inspired Michael Gronager’s $8.6B Chainalysis prototype Podcast: Public Key: Ep. 11 - Chainalysis: The Past, The Present, The Future Article: World Economic Forum: Why we still need cryptocurrency for an ‘internet of value’ Blog: OFAC Sanctions Russian Drone Developer KB Vostok Linked to Ukraine Invasion Report: The Chainalysis Malign Interference and Crypto Report 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)  Michael Gronager (Co-Founder & CEO, 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.

Many in the world of DeFi have heard about and rely on oracles like Chainlink and Pyth Network for their trusted data feeds, but there is a new protocol that has enshrined oracles directly into it’s EVM Layer 1 Blockchain.  In this episode Ian Andrews (CMO, Chainalysis) speaks with Co-founder and CEO of Flare Network, Hugo Philion. Hugo shares his transition from hedge fund trading to blockchain and emphasizes the increasing need for decentralized data in an industry that heavily relies on information from data providers. He breaks down Flare's architecture, offering cost-effective and secure data oracles, while being sure to differentiate their solution from existing systems that are vulnerable due to lack of decentralization and potential for collusion. Hugo even explains how KYC and AML can be integrated by the developers building on Flare and how important regulation is to move the industry forward.  Minute-by-minute episode breakdown 2 | Hugo’s journey from hedge funds, skipping AI and ML to get into crypto  5 | Why Flare decided to build a L1 platform with enshrined oracles 8 | Examining why data in the crypto landscape is fundamentally broken 12 | What are enshrined oracles and why are they important? 17 | Introducing LayerZero and the solution to cross-chain interoperability issues 20 | Flare use cases with decentralized exchanges and DeFi projects 24 | Exploring huge oracle failures and lack of data providers in the industry  29 | The emergence of regulation, KYC and AML in a decentralized crypto ecosystem   32 | Flare announced new Flare Data Connector solution  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Flare: The blockchain for data, providing developers with secure decentralized access to high-integrity data from other chains and the internet Blog: Use cases enabled by LayerZero’s integration of Flare Solution: The Flare Time Series Oracle (FTSO) Podcast: The Future of Money Podcast: The Future of Decentralized Data Blog: 2024 Crypto Crime Mid-year Update Part 2: China-based CSAM and Cybercrime Networks On The Rise, Pig Butchering Scams Remain Lucrative Blog: OFAC Sanctions Russian Drone Developer KB Vostok Linked to Ukraine Invasion Article: Multiple arrests made in $14.4M Holograph hack investigation YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Hugo Philion (Co-Founder & CEO, Flare Network) 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 Travel Rule has recently seen regulatory implementations in various jurisdictions, but are VASPs complying?   In this episode, Ian Andrews (CMO, Chainalysis) gets that answer and many more from Alice Nawfal, who co-founded and is acting COO of one of the leading Travel Rule solutions, Notabene. Alice shares her origins working in the decentralized identity space and how she ventured into the intricacies of Travel Rule compliance and the evolving regulatory landscape. Alice talks about the  challenges in creating solutions  for seamless cross-border transactions, while highlighting  how regulatory clarity, like the EU's MiCA, is poised to revolutionize institutional trust and compliance in the crypto world. The conversation also focuses on self-hosted wallets and counterparty risk assessments in the crypto space, while offering insights into how the interoperability challenges for travel rule solutions can be solved.  Minute-by-minute episode breakdown 2 | Alice’s journey from getting a MBA, going through YC and ending up in decentralized identity  4 | How to solve the identification problem using a trustless decentralized approach 8 | How does Notabene approach decentralized ID and what is the Travel Rule 12 | Has Travel Rule adoption improved over the last 2 years?  16 | The major impact on the Travel Rule on crypto transactions  22 | Facilitating real-time counterparty risk checks for secure transactions 28 | Proof of ownership for self-hosted wallets to solve for EU Transfer Rule requirements 33 | Solving interoperability challenges in the Travel Rule industry  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Notabene: The ONLY Pre-Transaction Travel Rule Solution Report: The State of Crypto Travel Rule Compliance Report 2024 (Available Now) Training: Notabene Academy: Curated learning resources designed to help accelerate your success as a Travel Rule Compliance expert Announcement: European Blockchain Convention (EBC2024): Join Notabene Team in Barcelona Blog: How Can VASPs Ensure Travel Rule Compliance During Transactions With Self-Hosted Wallets? Blog: 2024 Crypto Crime Mid-year Update Part 1: Cybercrime Climbs as Exchange Thieves and Ransomware Attackers Grow Bolder Blog: MiCA’s Stablecoin Regime and Its Remaining Challenges: Part 1 | Part 2 | Part 3 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)  Alice Nawfal (Co-Founder & COO, Notabene) 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 sophistication in the criminal world at hiding their fingerprints across the digital footprint is incredibly sophisticated now as well."  - John Randles In this episode, Ian Andrews (CMO, Chainalysis) speaks to John Randles (CEO, Siren), who shares how their team’s investigative platform unifies multiple data sources including blockchain and social media, to streamline and enhance complex investigations. The duo highlight the many challenges law enforcement faces with outdated tech stacks and bottlenecks in training new recruits and implementing new automation and technology. John also shares the significant technological shift in criminal investigations and the escalating complexity of global crime, necessitating state-of-the-art tools to keep pace with law enforcement.  Minute-by-minute episode breakdown 2 |Introduction to Siren and their mission to improve the law enforcement analyst experience 6 | The challenges with modern day police investigations with emergence of social and crypto  13 | The story of building a tech company in Galway, Ireland and attracting VC funding 18 | The challenges law enforcement faces in processing a vast amount of data  22 | How Siren is using AI to assist in explaining knowledge graphs to law enforcement 26 | Understanding policing intelligence from strategic to tactical 29 | The evolution of criminal activity over the last 10 years 33 | The future of Siren and evolution of AI and data  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Siren: All-in-one investigation platform Blog: Why automation is essential to move faster than the speed of threat Announcement: Partnership Between Siren and Chainalysis to Trace Blockchain Transactions And Disrupt Illicit Activities Program: Siren Partner Program: Deliver Investigative intelligence to your customers Blog: 2024 Crypto Crime Mid-year Update Part 1: Cybercrime Climbs as Exchange Thieves and Ransomware Attackers Grow Bolder Blog: Crypto Basics: Spot Bitcoin ETFs: Everything You Need To Know YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Telegram: Chainalysis on Telegram Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  John Randles (CEO, Siren) 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.  

Imagine if you could combine the speed of a cheetah with the size of an elephant. Well in this episode, that's exactly what Eclipse Labs and their CEO, Vijay Chetty are trying to do. In this episode   Ian Andrews (CMO, Chainalysis) speaks to Vijay about where his team got the idea to build Ethereum’s first Solana Virtual Machine (SVM) Layer 2. Vijay discusses his long standing journey through crypto building and growing projects like Uniswap, dYdX and Ripple, prior to becoming the CEO of Eclipse Labs. He breaks down Eclipse's strategy of transitioning from app-specific rollup solutions to general-purpose high-performance L2 and the growing demand for 99% of apps on the blockchain demanding higher performance and throughput. He provides active use cases for the highly demanded  faster transaction per second (TPS) and how developers on both Ethereum and Solana could transition to Eclipse as they get set for their upcoming mainnet launch.  Minute-by-minute episode breakdown 2 | Vijay’s journey from Wall Street to Crypto CEO of Eclipse Labs 6 | What it's like working with key industry players like Ripple, dYdXand Uniswap 12 | Introduction to Eclipse Labs and higher throughput and TPS on Solana Virtual Machine L2 17 | What are the use cases that need lighting Transaction Per Second (TPS) speeds 23 | How do developers transition from Solana to Eclipse's Layer 2 on Ethereum 27 | If Eclipse is successful, where does that leave Solana? 30 | Balancing decentralization and regulation in the blockchain ecosystem  33 | Strategies and tips for fundraising as “crypto winter” starts to thaw out Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Eclipse: Solana on Ethereum (Ethereum's First SVM L2) Blog: Eclipse Mainnet is Open for Builders Announcement: Eclipse Labs Announces $50M Series A Funding co-led by Placeholder and Hack VC Blog: WHY ECLIPSE: Solana’s Speed WITH Ethereum’s Liquidity Podcast: Ep: 30 - Blockchain Modularity: Understanding the Future of Web3 Report: The Decade of Digital Dollars: Unlocking economic efficiency with stablecoins Blog: How On-Chain Data Can Help Web3 Gaming Companies Attract and Retain More Players YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Vijay Chetty (CEO, Eclipse Labs) 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.    

Ever wonder what goes into taking down the world’s biggest ransomware group. Well in this episode   Ian Andrews (CMO, Chainalysis) speaks to  Phil Larratt (Director of Investigations, Chainalysis) and William Lyne (Head of Cyber Intelligence, National Crime Agency (NCA)), who share how UK law enforcement along with their International partners were able to infiltrate and eventually shutdown the most prolific ransomware ecosystem, LockBit. The trio discuss LockBit, the major ransomware-as-a-service threat and provide a detailed account of Operation Cronos, a sophisticated takedown that compromised LockBit’s system and eventually led to the takedown of their operations Phil and William explain the intricacies of crypto tracing, International law enforcement collaboration, and the innovative tactics used to protect victims and hinder cybercrimes, like ransomware. This is one of the few episodes that provides a riveting inside look at one of the most significant crypto ransomware operations to date and the ripple effects on the larger cybercrime ecosystem. Minute-by-minute episode breakdown 2 | William Lyne’s background going from Astro-Physics into Cyber Crime at NCA 4 | Introduction to Phil Larratt and unpacking a 100 Million Pound “Vishing” fraud case  8 | The scale of the LockBit Ransomware syndicate and affiliates 14 | Operation Cronos and how law enforcement infiltrated an entire ransomware ecosystem  18 | Blockchain intelligence’s role in fighting cyber crimes like ransomware 23 | Government’s covert operations against ransomware hackers 27 | The impact on the ransomware ecosystem post-LockBit takedown  30 | New UK Law enhances crypto asset seizure capabilities to fight cyber crime  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: National Crime Agency (NCA): The deployment of ransomware remains the greatest cyber serious and organised crime threat to the UK News: Operation Cronos: International investigation disrupts the world’s most harmful cyber crime group Project: RUSI:  Ransomware Harms and the Victim Experience Blog: U.S. and U.K. Disrupt Lockbit Ransomware Group and Indict Two Russian Nationals While OFAC Levies Sanctions Announcement: Announcing Chainalysis’ 2024 U.S. Public Sector Customer Awards Program Report: Chainalysis Money Laundering and Cryptocurrency Report (Available Now) Report: [REPORT PREVIEW] Malign Interference and Crypto: How Crypto Transaction Tracing Can Expose and Disrupt Malign Influence Efforts 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)  William Lyne (Head of Cyber Intelligence, National Crime Agency (NCA)) Phil Larratt (Director of Investigations, 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.

With the evolution and the capabilities of AI and the questioning of authenticity during the time of Presidential elections, it is getting increasingly more important that data and files are unable to be corrupted and not controlled by a centralized party. In this episode,  Ian Andrews (CMO, Chainalysis) speaks with renowned cryptocurrency and civil liberties attorney, Marta Belcher (President & Chair, Filecoin Foundation). It's a timely discussion that traverses the innovations and societal impacts of decentralized technologies and how Filecoin and IPFS’s decentralized storage solutions are at the forefront of what could be an International shift to securing information. Marta provides exclusive insights into the incredible collaboration with Lockheed Martin deploying IPFS in space and she shares her insights on the recent advances in crypto policy, discussing the importance of the FIT21 bill and the complexities of privacy and content moderation in the digital age. Minute-by-minute episode breakdown 2 | Marta Belcher's journey into Bitcoin, cryptocurrency and civil liberties  4 | Introduction to IPFS and the benefits of decentralized file storage 12 | Understanding the scale of Filecoin and the amount of data and type of data being stored 16 | Filecoin and IPFS technology demonstrated in space with Lockheed Martin 21 | Dealing with decentralized content moderation on web3 platforms  27 | Crypto policy shifts and legal battles unfolding in USA with the FIT21 Bill and the introduction of the Digital Asset Anti-Money Laundering Act  31 | Insights into the debate on privacy vs. anonymity when it relates to cryptocurrency    Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Filecoin Foundation: On a mission to preserve humanity’s most important information Website: Filecoin: Decentralized storage network designed to store humanity’s most important information Article: Marta Belcher: Reframing Privacy for the Digital Age Article: Transcript Audio: Elizabeth Warren's New Financial Surveillance Bill Is a Disaster for Privacy and Civil Liberties Report: Chainalysis Money Laundering and Cryptocurrency Report (Available Now) Report: [REPORT PREVIEW] Malign Interference and Crypto: How Crypto Transaction Tracing Can Expose and Disrupt Malign Influence Efforts 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)  Marta Belcher (President & Chair, Filecoin Foundation) 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 best, the winner of this [web3] space, or the biggest player of this space, will be the one who will provide the best experience for developers and users." - Dima The Ethereum blockchain and the entire crypto ecosystem has long been plagued with scalability issues and the user experience being too clunky for the average user. In this episode,  Ian Andrews (CMO, Chainalysis) speaks with Dima Romanov (Co-founder and CEO of Layer N), which is their highly anticipated Ethereum's StateNet. Dima shares insights on tackling blockchain scalability, empowering lower transaction fees, and leveraging a spectrum of custom Virtual Machines for diverse applications. He explains why thinking more like a web2 company vs. a web3 company has attracted investors and given their team a competitive edge for developers seeking performance and innovation as they prepare for their DeFi focus upcoming mainnet launch.  Minute-by-minute episode breakdown 2 | The existing challenges with the Solana and Ethereum blockchains  5 | How the Layer N team was able to secure investment from Peter Thiel’s Founders Fund  7 | Layer N's innovative blockchain scaling solutions for enhanced performance and usability 13 | The current state of the Ethereum multi-stage roadmap and how that impacts Layer N 17 | Why is Layer N described as “An Ethereum Statenet” and what does that mean? 20 | What are XVMs and GVMs and how do they differ from the traditional EVM used on Ethereum 27 | Migrating smart contracts from Ethereum EVMs to Layer N’s XVMs 30 | The process of developers building on Layer N in Beta and being ready for mainnet launch 34 | How do you attract developers and build a community of users in web3? Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Layer N: Enable unrestricted on Ethereum Blog: Layer N Launches Liquidity Program With $20M Commitment From Amber Group Blog: Testnet Launch—Phase I Blog: Zero-knowledge Fraud Proofs Report: The Chainalysis Money Laundering and Cryptocurrency Report Blog: Introducing Chainalysis Operation Spincaster: An Ecosystem-Wide Initiative To Disrupt and Prevent Billions in Losses to Crypto Scams 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)  Dima Romanov (Co-founder and CEO of Layer N) 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.

"There's tens of billions of dollars of uncollected taxes on the crypto side, so hence why you have the Treasury Department and IRS pretty motivated there." - Lindsey Argalas (CEO, TaxBit) Tax season might be over, but the accounting and tax industry at the intersection of web3 is just starting to heat up.  In this episode,  Ian Andrews (CMO, Chainalysis) speaks with Lindsey Argalas (CEO, TaxBit) discusses the innovative tools and solutions TaxBit offers for both consumers and enterprises in the crypto space, while highlighting the importance of compliance and regulatory clarity. She discusses the proposed tax and accounting regulations from the IRS and MiCA and the tax implications of real world asset tokenization and the promising developments in accounting standards that benefit companies holding digital assets. Lindsey also highlights the collaborative work that TaxBit is doing with the IRS to support the complex data that is being obtained for accounting / tax purposes and the company’s partnerships with companies like PayPal and Block. Minute-by-minute episode breakdown 2 | Lindsey’s early start in crypto at Santander Bank and the delineation between crypto and blockchain 7 | Real-time tax KYC Explainer and new accounting tools and customer insights  12 | The IRS proposed broker rules and the impact of regulations on digital assets in the EU and US 15 | Understanding the EU regulatory framework and introduction of DAC8 alongside MiCA 18 | International tax and accounting standards and Global Expansion | 23 | The emergence of Real World Asset Tokenization (RWA) and the tax and accounting implications 27 | Collaboration with Government Agencies like the IRS and other Global Tax Enforcement Agencies  29 | Looking ahead at the web3 industry for 2024 and beyond Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: TaxBit: Modern Tax and Accounting Compliance Blog: Insights & Thoughts about Future Legislation Arising from the 1099-DA Blog: Navigating Upcoming Tax Regulation Timelines for the US & EU Article: Tokenizing real-world assets: Start small, solve problems, drink milk Event: TraceDC (July 16-17) The leading public sector event of the cryptocurrency ecosystem Blog: Public Sector Survey Preview: The 2024 State of Cryptocurrency Investigations Report 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)  Lindsey Argalas (CEO, TaxBit) 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.  

With any new technology, malicious actors exploit vulnerabilities and create uncertainty. But there are tools investigators, regulators, and cybersecurity professionals can use to fight back. In this special episode, Chainalysis’ Jackie Burns Koven, Head of Cyber Threat Intelligence is interviewed and  Amit Kumar, Partner at Accel shares how to mitigate risks and build trust in emerging spaces, drawing from her work across the cryptocurrency and blockchain landscape. Since Chainalysis launched in 2014, the platform has been used to solve some of the world’s most high-profile criminal cases and safely expand consumer access to cryptocurrency. Jackie joined Chainalysis in 2019 after serving as an Intelligence Officer in the U.S. Department of Defense. In this conversation, she reflects on the crucial role Chainalysis plays in enhancing blockchain safety and ensuring its viability. She also offers valuable advice on how early-stage startups and leaders can stay informed in the rapidly evolving tech ecosystem, and how they can think about implementing their own systems. The episode also explores the challenges new technologies like AI face from malicious actors, the importance of effective collaboration between technology and government agencies, and the steps needed to stabilize the crypto industry long-term. Minute-by-minute episode breakdown 2 |Introduction to Chainalysis 7 | Why Chainalysis is working with government agencies to fight bad actors  16 | How the blockchain threat landscape is evolving with AI 15 |The role of education in rising crypto threats, like pig butchering 28 | Advice for staying up to date on the rapidly evolving technology ecosystem 32 | Building a Cyber Threat Intelligence team; Jackie’s roles   Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Accel: First partner to exceptional teams everywhere Article: Chainalysis' Journey with Accel Article: Our Investment in Chainalysis: Meet the startup that brought down the biggest dark web marketplace Interview: Secrets to Scaling with Chainalysis’ Michael Gronager: “Growth and scaling are the hardest things to get right" Podcast: Accel Spotlight ON (Weekly Podcast Series) Event: TraceDC (July 16-17) The leading public sector event of the cryptocurrency ecosystem 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 Amit Kumar * Host * (Partner, Accel)  Jacqueline Burns Koven (Head of Cyber Threat Intelligence, 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.

“We also should not pretend that law enforcement is going to solve the problem.  It only helps, but it doesn't completely solve the problem. There will always be attackers outside the reach of the law” - Brian Pak Web3 was starting to look like the wild west, with smart contract compromises and sophisticated attacks by hackers, but with law enforcement paying serious attention and builders like our guest, Brian Pak, Co-founder and CEO of ChainLight, the industry is starting to shine the light on these illicit actors and combat web3 and Defi hacks. Ian Andrews (CMO, Chainalysis) sits down with Brian to discuss the early days of ChainLight, from discovering early Ethereum bugs to creating innovative security solutions like Digital Asset Risk Tracker (DART) and the Relic Protocol. The duo explore major web3 and DeFi exploits, white hat hacking ethics, and South Korean crypto politics. Brian shares how the newly created crypto threat-sharing center (SEAL) is striving to enhance the safety and transparency of the Web3 ecosystem and the emergence of law enforcement engagement.  Minute-by-minute episode breakdown 2 | Brian’s journey into crypto and discovering Ethereum bugs in the early days   5 | Smart contract code audits and continuing to learn about new web3 attack vectors  8 | Identifying new and old attack vectors like price oracle manipulation and bridge vulnerabilities 10 | What is the Digital Asset Risk Tracker (DART) and how it identifies illicit trends in memecoin projects 14 | ChainLight introduces Relic Protocol which let smart contracts access historical data without intermediaries 20 | The crypto regulatory framework in South Korea and the impact it has on Singapore 24 | How white hat hackers have been given a bad name in crypto    28 | Building interoperability and discussions around Chainlink’s Cross-Chain Interoperability Protocol (CCIP) 31 | Introducing LUMOS and how Chainlight is illuminating the Shadows of Web3 Hacks 33 | Chainlink joins white hat hacker group SEAL to create crypto threat-sharing center   Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: ChainLight: Thrive Without Fear Website: LUMOS (powered by Chainlight): Illuminating the Shadows of Web3 Hacks Article: Cointelegraph: White hat hacker group SEAL launches crypto threat-sharing center Blog: Are Real-World Assets (RWA) Projects Really Safe? Article: Ticking Bombs on Interoperability Protocols Podcast: Ep. 79: Web3 Adoption in Traditional Finance (with Kemal El Moujahid, Chainlink) Event: TraceDC (July 16-17) The leading public sector event of the cryptocurrency ecosystem Blog: Public Sector Survey Preview: The 2024 State of Cryptocurrency Investigations Report 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)  Brian Pak (Co-founder and CEO, ChainLight) 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

Wall Street is buzzing with tons of digital asset acronyms like DLT, CBDCs, RWA and Bitcoin ETFs. But what does it all mean? Well, Ian Andrews (CMO, Chainalysis) sits down with Naresh Nagia (Independent Senior Advisor, Deloitte) for a thoughtful conversation on everything tokenization and how it will disrupt the traditional financial banking system.  Naresh shares his expertise in financial services and highlights the potential benefits of DLT, such as operational efficiency and the ability to mobilize collateral.  He also discusses the importance of legal basis, KYC/AML regulations, and cybersecurity in the adoption of DLT and the implementation of smart contracts into the financial ecosystem. Naresh expresses his preference for wholesale CBDC over retail CBDC and emphasizes the significance of Project Agora which is a major project launched by the Bank for International Settlements (BIS) for central banks worldwide to explore tokenization of cross-border payments Minute-by-minute episode breakdown 2 | The role of an Independent Senior Advisor at Deloitte and bridging traditional finance and the future of Distributed Ledger Technology (DLT)  5 | Envisioning DLT disrupting the traditional financial systems 10 | Smart Contracts are neither smart or contracts 14 | Decentralized Ledgers and Bitcoin ETFs: TradFi meets Crypto 17 | Project Agora: How the Bank for International Settlements is pioneering trust in blockchain technology for cross border payments 20 | The future of stablecoins in global finance and debate over retail vs wholesale CBDCs 26 | The realistic applications of Real World Asset (RWA) Tokenization and what to look Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Blockchain & Digital Assets With Deloitte, Trust is non-fungible™ Report: Central Bank Digital Currencies: Building Block of the Future of Value Transfer Article: Tokenization in financial services: Embracing a new ecosystem Project: Project Agorá: Central Banks and banking sector embark on major project to explore tokenization of cross-border payments Registration: Digital premiere of Links 2024 (NYC Main Stage Content and more - Register Now!) Report: The Chainalysis Crypto Spring Report (Download 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)  Naresh Nagia (Independent Senior Advisor, Deloitte) 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 might think it's risky now to enter crypto. But I can promise you that time is going to flip very quickly where it's going to be risky not to enter crypto” - Farzam Ehsani Capital controls and Government bans have always made launching a crypto exchange in Africa challenging and in this episode, Ian Andrews (CMO, Chainalysis) sits down with Farzam Ehsani (Co-founder and CEO, VALR), who discusses the journey of South Africa's largest cryptocurrency exchange,from the company's inception in 2018 to securing multiple global licenses. Farzam shares insights on financial sovereignty, regulatory challenges, and the evolving crypto landscape, while reflecting on transitioning from banking to crypto and underscores the importance of integrity and choice in finance. He announces The VALR Grand Slam trading competition, where there is a $60 Million USDT prize pool and  looks forward to  expanding VALR's global footprint and making cryptocurrencies more accessible through innovative financial solutions. Minute-by-minute episode breakdown 2 | Farzam’s introduction to Bitcoin and how it helped him understand the traditional finance ecosystem   4 | The balance of self sovereignty and acting as a custodial crypto exchange  7 | How traditional banks decided to move into crypto and the launch of VALR crypto exchange 15 | The rigorous process of obtaining licenses in multiple jurisdictions and adhering to international regulatory requirements and capital controls 25 | Understanding whether VALR is appealing to retail or institutional clients or both  30 | Is VALR launching its own exchange token or security token? 33 | The challenges with listing tokens and keeping up with customer demand on memecoins   36 | VALR raises $50 million in Africa’s largest ever crypto raise and even turned away investors 38 | VALR announces $60 Million Grand Slam of Trading Competitions Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: VALR: Trade spot, margin, futures & OTC on the best crypto trading platform Video: Adopting Bitcoin Cape Town Conference (Farzam Ehsani "Truth" Talk) Article: Coindesk: The False Promise Blockchains Will Revolutionize Real-World Assets Blog: Exploring Crypto Adoption in Africa: Growth and Barriers Programme: VALR $60 Million Grand Slam of Trading Competitions Blog: Cryptocurrency Penetrates Key Markets in Sub-Saharan Africa as an Inflation Mitigation and Trading Vehicle Event: TraceDC (Early Bird Ticket Prices available until June 15, 2024) Blog: Introduction to Zero-Knowledge Proofs 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)  Farzam Ehsani (Co-founder and CEO, VALR) 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 started this podcast just over 2 years ago, Bitcoin ordinals and inscriptions weren’t even born yet and centralized crypto exchanges releasing their own wallets sounded like fanciful thinking at best. But here we are as these new and evolving technologies are leading the evolution of Bitcoin and the cryptocurrency industry at large. In this episode, Ian Andrews (CMO, Chainalysis) sits down with Jason Lau (Chief Innovation Officer, OKX) who shares his insights and observations from his recent global tour, where he attended conferences in New York, Paris, Dubai, and Brazil. Jason highlights the growing momentum and enthusiasm in the crypto and Web3 space, as well as the importance of localizing products and services to cater to diverse user bases. Jason also discusses OK Group's focus on self-custody and the launch of their OKX wallet, which aims to empower users to explore the world of decentralized finance (DeFi). Additionally, he touches on OK Group's Layer 2 network (X Layer), their foray into inscriptions (NFTs on Bitcoin) with a new marketplace and their efforts to cater to institutional clients. Minute-by-minute episode breakdown 2 | Global crypto enthusiasm and regulatory conversations from NYC, Dubai and Brazil 4 | OK Groups International expansion and broad customer base   7 | Advancing transparency and self-custody in crypto exchanges and understanding the evolution of the proof of reserve audits  11 | Embracing Web3 through user-friendly crypto wallets and building a L2 blockchain (X Layer) 16 | The evolving role of crypto exchanges and the impact of DeFi Regulation 22 | Exploring the impact of inscriptions on the Bitcoin network and whether NFTs are Dead 25 | Innovating institutional crypto trading and custody solutions  28 | OKX's upcoming Web3 initiatives with McLaren F1 and Manchester City FC   Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: OKX: Faster, better, stronger than your average crypto exchange Website: Ignite your creativity: X Layer is a ZK-powered layer 2 network Article: About inscriptions and how they're shaping Web3's growth Announcement: OKX has Teamed Up with McLaren Racing to Honor Senna's Legacy in Monaco Blog: Chainalysis in Action: Illicit Residential Proxy Service Shut Down by Law Enforcement, Three Administrators Sanctioned by OFAC Event: TraceDC (Early Bird Ticket Prices available until June 15, 2024) 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)  Jason Lau (Chief Innovation Officer, OKX) 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.

“We swore an oath to uphold the Constitution of the United States… But nowhere in there does it say, 'Oh, except for the internet. We can't go into the internet realm or the crypto realm.” - Tony Moore Cryptocurrency has always been unchartered territory for law enforcement all around the world, but the crypto-related crimes are too big to deny and in this episode, Ian Andrews (CMO, Chainalysis) sits down with Tony Moore (Deputy Sheriff, Los Angeles County Sheriff's Department) who has been teaching the law enforcement community about Bitcoin since the early days.   Tony shares his experiences investigating cases involving crypto, including social media parties, crypto ATM scams, pig butchering and SIM-swapping, while recognizing the challenges of staying ahead of criminals in the ever-evolving crypto landscape. He reinforces the importance of reporting crimes, the challenges of cross-jurisdictional investigations, and the future of blockchain and AI. Minute-by-minute episode breakdown 2 | Childhood dreams of Starsky & Hutch to joining Law Enforcement   4 | Tony Describes his path into teaching other LEAs about internet and then crypto crimes 6 | Cracking Down on social media-advertised Nitrous Oxide (NOS) parties 10 | Early encounters with crypto in Law Enforcement 15 | Balancing cryptocurrency ATM regulation and innovation  19 | Combating Sim-Swapping and Pig Butchering Scams while maintaining effective reporting 25 | Tackling crypto scams across jurisdictions and forging international policing partnerships  28 | Master cryptoverse policing in Tony’s new 5 day course 34 | Embracing continuous learning in AI and the evolving crypto landscape   Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: The Los Angeles County Sheriff's Department Website: Internet Crime Complaint Center (IC3): Nation’s central hub for reporting cyber crime, run by the FBI Whitepaper: A Fistful of Bitcoins Characterizing Payments Among Men with No Names (Sarah Meiklejohn and others) Interview: In conversation with the world’s first and only standalone virtual assets regulator: Dubai’s Virtual Assets Regulatory Authority Blog: Crypto Mining Pools Overview: How They Work, Benefits, and Risks 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)  Tony Moore (Deputy Sheriff, Los Angeles County Sheriff's Department) 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.

Fresh off the stage of the Links Conference,  Ian Andrews (CMO, Chainalysis) speaks to Andrew Davis (General Counsel, Kivu Consulting), who presented in front of a packed house and shared insights about new ransomware strategies and how companies can better protect themselves. Andrew discusses the evolving landscape of ransomware attacks and the challenges faced by victim organizations when deciding whether or not to make payment. He shares the wide spectrum of new typologies, including  cyber extortion and data theft and how the major exploits of pharmacy payment processors and oil pipelines has attracted law enforcement to take swift action against ransomware groups. Andrew also highlights the most common attack vectors and social engineering attack vectors, while presenting the new challenges that AI will have on deep fakes and image/video modifications used by ransomware attackers.  Minute-by-minute episode breakdown 2 | Overflowing Interest in Cybersecurity at Chainalysis Links Conference 2024   4 | Rise in cyber extortion and data theft and strategies for handling ransomware attacks 8 | Negotiating ransomware demands and law enforcement dynamics  12 | Strategies and sanctions risks in ransomware payment decisions 17 | Ransomware attack disrupts major pharmacy companies, oil pipelines and casinos 21 | Debating the ban on ransomware payments and understanding Initial Access Brokers (IACs) 23 | The perils of reused passwords, account breaches and sophisticated fake recruiting attack vectors 28 | The evolving threat of AI and its role in sophisticated ransom attacks Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Kivu: We fight cybercrime. We protect humanity Article: Can Organizations Still Pay Ransomware Demands? Article: Emerging Threat Alert: Drive-By-Compromise On The Rise As Gootloader Malware Exploits Seo Poisoning To Target Victims Registration: Digital premiere of Links 2024 (NYC Main Stage Content and more - Register Now!) Blog:  Understanding Crypto Drainers Blog: Ransomware Payments Exceed $1 Billion in 2023, Hitting Record High After 2022 Decline 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)  Andrew Davis (General Counsel, Kivu Consulting) 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.

"In a way, if you were a juror on this case, you got educated on cryptocurrency, terrorist financing, and also the Syrian Civil War." - Edward Burns In this episode, Ian Andrews (CMO, Chainalysis) has a full house as he speaks to several key members of the Manhattan District Attorney's Office, including the District Attorney, Alvin Bragg, the Assistant District Attorney, Edward Burns and the Chief of the Counterterrorism Unit, David Stuart.  As well as Dan Heesemann, Intelligence Research Specialist at the NYPD. The team discusses a fascinating case involving cryptocurrency and terrorism financing and shares how they were able to uncover an individual sending money to a terrorist group in Syria and planning violent attacks on American soil. They walk through the challenges of presenting technical evidence in court and the surprising defense strategy used by the defendant. This gripping episode sheds light on the intersection of crime, cryptocurrency, and counterterrorism efforts and the persistence and collaboration law enforcement and the District Attorney’s office have to utilize in order to bring these criminals to justice.  Minute-by-minute episode breakdown 2 | Background of the public sector guests and their entrance into cryptocurrency     4 | The People  vs. Victoria Jacobs: The cryptocurrency terrorist financing case 9 | Unveiling the terrorist financier's intent and tactics 14 | The elusive Salman Belarusi: Operational security mastermind 18 | Simplifying cryptocurrency for jury understanding 20 | Terrorism, cryptocurrency and the Syrian Conflict 22 | Jury deliberates for hours and finds the defendant guilty on all counts  25 | Manhattan DA, Alvin Bragg explains provides an update on sentencing and closure in case Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Manhattan District Attorney's Office: One Standard of Justice for All Website: New York City Police Department (NYPD) is the largest and one of the oldest municipal police departments in the United States Press Release: Victoria Jacobs Sentenced To 18 Years In Prison For Using Cryptocurrency To Fund Syrian-Based Terrorist Groups; Launder Supporters’ Contributions Registration: Digital premiere of Links 2024 (NYC Main Stage Content and more - Register Now!) Report -  Crypto Investigations: Blockchain Intelligence for Law Enforcement (Available 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) Alvin Bragg (District Attorney, Manhattan District Attorney's Office) Edward Burns (Assistant District Attorney, Manhattan District Attorney's Office) David Stuart (Chief of the Counterterrorism Unit, Manhattan District Attorney's Office) Dan Heesemann (Intelligence Research Specialist, NYPD) 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.

"I'm not excited for what blockchain and DLTs can bring to the banking ecosystem, but I'm more excited to see how working on the same technology will bring together different market players." - Mico Curatolo  In this episode, Ian Andrews (CMO, Chainalysis) speaks to Mico Curatolo (Co-Head, DLT and Digital Assets Team) of Banca Sella, which is an established bank in Italy with a long history of innovation and cutting-edge technologies in the financial ecosystem. Mico discusses the bank's strategy around DLT and digital assets, including their focus on launching a proprietary retail custody solution. He explains the regulatory landscape with the implementation of MiCA and shares insights on the appetite for digital assets in Italy, the impact of the Bitcoin ETFs, and the future of stablecoins and CBDCs in Europe. Minute-by-minute episode breakdown 2 | Exploring Banca Sella's traditional  legacy and digital asset and open banking ventures    6 | The crypto and digital asset market and regulatory environment in Italy 8 | Banca Sella’s DLT, digital asset and custody strategy  11 | Dissecting Bitcoin ETFs, stablecoin regulations and the future of bank partnerships 16 | What the future of CBDCs in Europe will look like 18 | Embracing digital assets and collaborative innovation in Europe 20 | Working on cutting edge technology and collaboration of industry players    Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Banca Sella: 140 Years in Banking and Leading Innovation Website: Sellalab: Impact Innovation Platform for SMEs Article: Increasing the Focus on Trade-Based Money Laundering Article: Sella bank exposes itself to Web3 with a metaverse initiative Registration: Digital premiere of Links 2024 (NYC Main Stage Content and more - Register Now!) Blog - How To Use Blockchain Intelligence To Investigate Crypto Crime 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)  Mico Curatolo (Co-Head, DLT and Digital Assets Team, Banca Sella) 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. 

In this episode, Ian Andrews (CMO, Chainalysis) speaks to Michael Firing (Assistant Director, Field Operations, Center for Intelligence, Targeting, and Enforcement (CITE), who is involved with investigations covering human and fentanyl trafficking, trade based money laundering and the movement of crypto in and out of the US.  They discuss the role of the newly created CITE agency in combating various threats, including terrorism, transnational organized crime, and illicit trade.  Michael also highlights the challenges of  the increasing use of cryptocurrency in criminal activities such as drug trafficking and human trafficking and the importance of collaboration between public and private sectors in addressing these challenges. Michael explains the importance of leveraging cryptocurrency analysis to support investigations and disrupt criminal networks by having a coordinated multi-agency approach. Minute-by-minute episode breakdown 2 | Introducing customs and border protection's intelligence arm   4 | Combating transnational threats with intelligence and cryptocurrency analysis  7 | Trade Based Money Laundering (TBML): From suitcases to thumb drives 10 | The rise of crypto in illicit precursor chemical sales and drug trafficking 13 | Collection of vast amounts of data to support other agency’s investigative efforts 16 | Global collaboration for the fight against crypto related crimes  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: U.S. Customs and Border Protection (CBP): Enhancing the nation’s security through innovation, intelligence, collaboration and trust. Article: America’s Front Line Against Fentanyl Article: Increasing the Focus on Trade-Based Money Laundering Registration: Digital premiere of Links 2024 (NYC Main Stage Content and more - Register Now!) Blog: Crypto and the Opioid Crisis: What Blockchain Analysis Reveals About Global Fentanyl Sales [UPDATED 3/7/24] Article: Emirates NBD welcomes Chainalysis to Digital Asset Lab Council LinkedIn Post: Chainalysis is officially in 🇦🇪 Dubai! 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)  Michael Firing (Assistant Director, Field Operations, Center for Intelligence, Targeting, and Enforcement (CITE) 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. 

"We need to think about more creative ways in order to get at the ultimate issue here, which is that they're generating revenue for their weapons of mass destruction (WMD) and ballistic missile programs." - Jessica Peck In this episode, Ian Andrews (CMO, Chainalysis) is lucky enough to grab Jessica Peck (Senior Counsel, US Department of Justice) and Chris Wong (Supervisory Special Agent, FBI) right off of the main stage to their experiences investigating North Korea's involvement in cryptocurrency and their efforts to track and seize stolen assets. Chris shares his journey from working on interdicting assets to diving into the world of crypto, while Jessica discusses her transition from prosecuting weapons and narcotics cases to focusing on cybercrime and cryptocurrency-related investigations. The trio explore the tactics used by North Korea to launder money and the effectiveness of sanctions in combating these activities.  They also describe the new trends of North Koreans being unknowingly hired by blockchain companies around the world and the associated risks.  Minute-by-minute episode breakdown 2 | FBI's Involvement in intercepting North Korean mineral exports  4 | Jessica and Chris’ background and their first crypto investigation cases  7 | Thwarting North Korean crypto revenue and tracking and recovering stolen cryptocurrency  11 | Tracing North Korea's cryptocurrency laundering efficacy 17 | Evaluating the effectiveness of sanctions on cryptocurrency mixers 19 | Debating cybersecurity and risk management in crypto  25 | North Koreans being employed by crypto firms to develop smart contracts  27 | Best practices for staying safe in crypto and avoiding costly hacks  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: FBI: We protect the American people and uphold the U.S. Constitution Website: DOJ: To uphold the rule of law, to keep our country safe, and to protect civil rights Article: FBI Identifies Lazarus Group Cyber Actors as Responsible for Theft of $41 Million from Stake.com Blog:  $30 Million Seized: How the Cryptocurrency Community Is Making It Difficult for North Korean Hackers To Profit Registration: Digital premiere of Links 2024 (NYC Main Stage Content and more - Register Now!) Blog: International Agencies Sanction Russian National Dmitry Yuryevich Khoroshev, Leader of Cybercrime Group LockBit, for Developing and Distributing Ransomware 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)  Jessica Peck (Senior Counsel, US Department of Justice) Chris Wong (Supervisory Special Agent, FBI) 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.  

“I think what's interesting is there is a lot of regulation in the US. It's just not cohesive and specific to this space except for places like New York and soon to be California, Louisiana.” - Thom Hook  In this episode, Ian Andrews (CMO, Chainalysis) guest Thom Hook (Global Chief Compliance Officer and U.S. Chief Compliance Officer, MoonPay) summed up in one sentence what the crypto regulatory framework is like in the USA and how its impacting crypto businesses and innovation as a whole. Thom goes on to discuss his experience working at Circle during the early days of crypto and the challenges of building a compliance program in a rapidly evolving industry. He provides insights into MoonPay's unique business model, which focuses on retail on and off-ramp services for cryptocurrencies and NFTs and their role as a noncustodial platform. He  also touches on topics such as banking relationships, regulatory frameworks, pig butchering and other scams in the industry and the new demand for crypto lawyers in the face of increasing regulatory pressure.   Minute-by-minute episode breakdown 2 | Thom’s story of building compliance programs from Joining Circle in 2014, transitioning to Bitstamp to landing at MoonPay 4 | MoonPay’s business model of not being a crypto exchange and making it easier for innovation to have payment rails  7 | Importance of compliance and transaction monitoring in obtaining and maintaining  banking relationships 12 |Differences in regulations between the US and other countries  15 | Importance of reputation and risk assessment for partner selection and key 17 | Key takeaways from the conference panel discussion with other compliance experts  19 | Using education to combat pig butchering scams and the impact of sanctions  22 | Teaching a class on crypto regulation and its focus on regulations that have the most impact 25 | Prediction of increased demand for crypto lawyers due to regulatory pressure and excitement for innovation and growth in the crypto industry in 2024 Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: MoonPay: Your gateway to Web3 - Experience the best of Web3 using MoonPay Blog: We’re live in Louisiana! MoonPay is back in business in the Bayou State Article: Crypto lawyers to be in demand as regulatory pressure reaches boiling point Blog:  Crypto On-Ramp: Boost your revenue with the world's #1 crypto on-ramp Registration: Digital premiere of Links 2024 (NYC Main Stage Content and more - Register Now!) Blog: Crypto Staking Overview: How It Works, Benefits, Risks, and Future 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)  Thom Hook (Global Chief Compliance Officer and U.S. Chief Compliance Officer, MoonPay) 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.   

From the Bitlicense to OFAC Sanctions, Ian Andrews (CMO, Chainalysis) and guest Valerie-Leila Jaber (Global Head of Anti-Money Laundering, Coinbase) cover it all on this episode of Public Key. Valerie-Leila highlights the importance of compliance in the crypto industry and the impact of regulations, such as the Patriot Act, when it first came out and how they parallel the current regulatory landscape in crypto.  She provides insights into Coinbase's focus on setting global minimum standards and their involvement in initiatives like TRUST for Travel Rule compliance, BASE their layer 2 blockchain and their new wallet releases. Valerie also touches on the topics of sanctions, Coinbase's noncustodial wallet, and the company's role as custodian in the Bitcoin spot ETFs. Minute-by-minute episode breakdown 2 | Valerie's interest in crypto and experience in traditional finance  4 | Technology shifts and challenges in implementing AML regulations 7 | The variation in Crypto AML regulations across different countries 9 | Coinbase's involvement in the TRUST initiative and BASE, its Layer 2 blockchain   12 | The usefulness of receiving crypto addresses from OFAC for compliance purposes  15 | Discussion on the Coinbase Wallet and its position within the AML department   18 | The challenges and benefits of multiple state-level regulatory frameworks for crypto 20 | The role of Coinbase's compliance program in being selected as a custodian for many  ETFs  22 | Excitement for the year ahead in terms of legislation, market buoyancy, and international developments   Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Coinbase is the safest place to buy, sell, and manage crypto. Blog: Coinbase obtains registration as a Restricted Dealer in Canada Blog: Evolving wallets to bring a billion users onchain Blog:  Momentous approvals: spot ETFs to usher in bitcoin’s next chapter and diversified long-term growth Registration: Digital premiere of Links 2024 (NYC Main Stage Content and more - Register Now!) Blog: OFAC and Department of State Sanction Nearly 300 Individuals and Entities Involved in Russia’s War Machine, One Known to Have Accepted Crypto 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)  Valerie-Leila Jaber (Global Head of Anti-Money Laundering, Coinbase) 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. 

“They want to destroy as many of our systems and resources as they can get the access to." - Yevhenii In this episode Ian Andrews (CMO, Chainalysis) speaks to Yevhenii Panchenko (Head of Operational Analysis, Ukraine Cyberpolice Department. Yevhenii discusses the global fight against Russian cyber actors, who target not only Ukraine but also other countries and shares the work his organization is doing to combat cyber threats, including investigating crimes related to fraud, ransomware, and illegal content. He shares the challenges they face in stopping Russian organizations and the importance of international collaboration and volunteers in identifying fraud and scam projects. Yevhenii also announces their new project, SCAMFARI and how they use OSINT to identify crypto fraud and collect data and the impressive features of the DIIA City and the implementation of digital documents in Ukraine.  Minute-by-minute episode breakdown 2 | Discussion on the Ukraine Cyber Police mandate and global nature of cyber threats  5 | Describing Russian cyber attacks on Ukrainian infrastructure  8 | A day in the life of the Ukraine Cyber Police Unit 10 | Russian hackers using cryptocurrency to receive ransoms and evade sanctions  12 | Collaboration with US and  EU agencies and training on using Chainalysis  15 | Discussion on the effectiveness of sanctions on crypto flows  18 | What is Scamfari and how they use OSINT to identify crypto fraud and collect data 21 | Impressive features of the DIIA City and the implementation of digital documents  23 | Recommendations for supporting Ukraine, including cryptocurrency investigation skills  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Cyber Police of Ukraine is a law enforcement agency within the Ministry of Internal Affairs of Ukraine dedicated to combating cyber crime. Blog: Summary of Yevhenii Panchenko speech at Chainalysis Links Conference (NYC 2024) Article: Ukraine's cyber police talks crypto, ransomware and documenting war crimes after Russia's invasion Blog: SCAMFARI: This Ukrainian Startup Is Looking to Automate Crypto Crime Reporting Using Smart Contracts, AI Registration: Digital premiere of Links 2024 (NYC Main Stage Content and more - Register Now!) Blog: Crypto Staking Overview: How It Works, Benefits, Risks, and Future Blog - OFAC and Department of State Sanction Nearly 300 Individuals and Entities Involved in Russia’s War Machine, One Known to Have Accepted Crypto 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)  Yevhenii Panchenko (Head of Operational Analysis, Cyberpolice Department, National Police of Ukraine) 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.  

"Compliance always needs to be improving.” - Noah  In this episode Ian Andrews (CMO, Chainalysis) speaks to Noah Perlman (Chief Compliance Officer, Binance), whose exchange was very focused on trading and users in the early days and now turning the  page to building out a robust Compliance program. Noah shares his journey from being a prosecutor at the US Attorney's Office, working at Morgan Stanley, to his current role at Binance.  He discusses the challenges and opportunities of working in compliance in the crypto industry, the importance of trust and transparency and the steps Binance is taking to improve its compliance program. Noah also talks about the collaboration between Binance and law enforcement agencies, the regulatory landscape in different countries, and his excitement for innovation and the future of centralized exchanges vs decentralized platforms.  Minute-by-minute episode breakdown 2 | Noah's transition from a prosecutor to Chief Compliance Officer at Binance  6 | Experience and cultural differences between TradFi and Crypto  9 | Importance of rebuilding trust in the crypto market and industry  12 | Impact of the settlement with the US government on Binance and Chief Compliance Officer role  15 | Collaboration with law enforcement and focus on rooting out bad actors  19 | Discussion on the future of crypto and the role of centralized exchanges 21 | Debate on the US government's approach to crypto regulation  25 | Excitement about innovating in compliance through technology and killer crypto use cases  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Binance: 188,487,264 Users Trust Us! Blog: Binance FZE Receives a VASP Licence from Dubai’s Virtual Assets Regulatory Authority Blog: Binance’s Proof-of-Reserves System: A Year of Upgrading User Assets Transparency Press Release: Statement Regarding Tigran Gambaryan Registration: Digital premiere of Links 2024 (NYC Main Stage Content and more - Register Now!) Blog: London’s Metropolitan Police Lead Disruption of Phishing-as-a-Service Provider LabHost 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)  Noah Perlman (Chief Compliance Officer, Binance) 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.

What if there is a company that can detect web3 cyber attacks and hacks before they happen? In this episode Ian Andrews (CMO, Chainalysis) speaks to Gal Sagie, who is the Co-Founder and CEO of Hypernative, whose company is doing just that. Preventing malicious cyber threats aimed against the most important protocols and blockchains in the ecosystem, Gal showcases Hypernative’s end-to-end security and risk prevention platform and shares insights into the importance of security in driving wider adoption of blockchain technology.  He discusses how Hypernative's platform has successfully detected and prevented hacks and exploits in the industry and highlights the need for a comprehensive security approach beyond traditional smart contract audits and emphasizes the role of real-time monitoring and automated actions in mitigating risks. He also explains the accuracy of detection, the ease of onboarding and the need for his company to maintain low false positive alerts and the team’s focus to expand to more chains and protocols.  Minute-by-minute episode breakdown 2 | Overview of Hypernative and its mission in Web3 security 6 | Discussion on the importance of solving the security problem for wider adoption 10 | The speed of detection: 98% of attacks being detected 2 minutes or more before the first transaction 13 | Chainlink and other ideal users of Hypernative: protocols, chains and investors 16 | The focus on accuracy to minimize false positives and maintain trust  19 | The limitations of smart contract audits and the need for additional security measures  23 | The endless information available on the blockchain for security analysis and the goal to detect all potential risks with minimal effort from customers 27 |The importance of detecting and preventing attacks before any funds are lost  31 | Hypernative's roadmap for the year ahead and plans for expansion  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Hypernative: Institutional Grade  Web3 Security Twitter: Hypernative stops zero day cyber-attacks and economic risks Blog: Chainlink Labs and Hypernative Partner to Enhance Web3 Security Blog: Chainalysis Partners with Hypernative for Real-Time Security and Incident Response Press Release: ‘SEAL 911’ team of white hats formed to fight crypto hacks in real time Registration: Digital premiere of Links 2024 (NYC Main Stage Content - Register Now!) Blog: What You Need to Know About the Bitcoin Halving Podcast: Bitcoin Mining and Data Centre Innovations: Podcast Ep. 76 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)  Gal Sagie (Co-Founder & CEO of Hypernative) 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.  

It’s that time of year in the USA where the trees are blossoming, the winter jackets are being packed away for the season and there is only one thing on everyone’s mind. Taxes.   But how do you report DeFi transactions, crypto staking and lending and stablecoin purchases? Well Ian Andrews (CMO, Chainalysis) brings in crypto tax generalist, Lorenz Haselberger (Partner at Shearman & Sterling LLP) to dive deep into the most complex tax implications facing the crypto industry.  Lorenz unfolds the nuances of reporting taxes within the dynamic and evolving world of cryptocurrencies and shares his journey into the crypto tax niche and unwraps the critical aspects of current tax considerations. He discusses the tax challenges with DeFi protocols and underscores the  importance of understanding the tax implications for both individual and institutional investors and the need for the US Government to provide more clarity and guidance to the crypto industry  Minute-by-minute episode breakdown 2 | Lawrence's background in taxation and involvement in the crypto industry  6 | Discussion on the complexity of reporting obligations for exotic cases like crypto and DeFi lending  14 | Everything you need to know about staking and potential tax implications 22 | The debate on whether DeFi transactions should be treated as a taxable event 25 | The national and international tax implications for crypto investors vs traders 33 | Debate on expanding information reporting requirements for crypto  36 | Does tax complexity and uncertainty deter some from participating in crypto? 39 | Differentiating stablecoins from cryptocurrencies for tax purposes 42 | The evolution of DeFi protocols and need for Government guidance for crypto tax implications Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Shearman & Sterling: Forbes names senior partner, Adam Hakki to top 200 lawyers in USA Report: New York State Bar Association Tax Section On Crypto and Fungible Digital Assets Blog: Blockworks: US Treasury once again proposes new crypto tax rules to “modernize” code Blog: Intellectual Property Infringement: Crypto Used in Sales for Illicit Streaming Services and Counterfeit Pharmaceuticals Blog: What FATF’s Report on Recommendation 15 Means for Regulators & Private Sector 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. Speakers on today’s episode Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)  Lorenz Haselberger (Partner, Shearman & Sterling LLP) 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.  

"To really understand market integrity, you need to be able to monitor for market abuse and other forms of illicit finance, on and off-chain." This is a powerful statement from market manipulation, Chen Arad (Co-Founder & CXO, Solidus Labs), who speaks with  Ian Andrews (CMO, Chainalysis) about the heart of market surveillance and integrity in a wildly fluctuating digital asset market. Chen discusses the need for market surveillance to ensure fair and transparent trading and highlights the challenges of monitoring market manipulation and the significance of on-chain and off-chain data. Chen also highlights the prevalence of insider trading and wash trading in the crypto market and explores the future of the industry and the importance of building compliant and safe services. He provides insights on the crypto market's need for robust risk and compliance systems and the growing regulatory recognition of its importance, while revealing alarming statistics revealed in Solidus Labs' Market Manipulation Reports.  Minute-by-minute episode breakdown 2 | Chen Arad's background as a journalist and his path to working in crypto and launching Solidus Labs 7 | Understanding the concept of market surveillance and market integrity in crypto 12 | The approval of ETFs as a vindication for the necessity of market integrity in crypto  16 | The need for cross-market surveillance and integrity 22 | Real-time monitoring in crypto markets and importance of on-chain and off-chain data for market surveillance 28 | Insider trading and wash trading are more widespread than believed  35 | Unpacking the definition and mechanics of wash trading on decentralized liquidity pools 40 | Wash trading involving malicious smart contract scams and potential money laundering  44 | The importance of building compliantly and working with regulators  47 | Potential for cross-market surveillance and growth of on-chain market Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Solidus Labs: Safeguarding Your Crypto Business Reports:  The Crypto Market Manipulation Report:  Pt. 1 Insider Trading | Pt. 2 Wash Trading Blog: Future of Crypto in the UAE: Insights from Solidus Labs at iFX EXPO Dubai Blog: Combining On-Chain And Off-Chain Analysis: A Primer Event: Chainalysis Links Conference NYC 2024 (Apr. 9-10, 2024) - Early Bird Pricing On Now! Blog: Chainalysis In Action: Israeli Authorities Disrupt Hezbollah and Iran Quds Force Terrorism Financing Crypto Infrastructure, Seize $1.7 Million in First Blog: OFAC Sanctions Russia-based Blockchain Companies, Including Netex24 and Bitpapa, for Facilitating Sanctions Evasion Blog: OFAC and OFSI Sanction Social Media News Outlet Gaza Now for Hamas Fundraising in Wake of October 7 Attacks 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)  Chen Arad (Co-Founder & CXO, Solidus Labs) 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.

In this milestone 100th episode, host Ian Andrews (CMO, Chainalysis) takes a break from his usual role and hands the reins over to Kim Grauer (Director of Research, Chainalysis) to discuss the biggest themes and topics from the last 100 episodes. They reflect on the journey of the podcast, share behind-the-scenes insights, and discuss Ian's transition from the tech industry to the world of crypto and some of the challenges the industry still faces after 2 years of producing the podcast. Kim gets Ian to share some of the most impactful episodes, including discussions on pig butchering scams, market manipulation, and the future of DeFi.  Ian offers advice for marketers and shares his excitement for upcoming developments at Chainalysis, including the recent decision in the Bitcoin Fog case. Minute-by-minute episode breakdown (2:30) – Ian's background at Pivotal and decision to join Chainalysis  (9:15) – Ian's foundational technical knowledge and discovery of the global nature of crypto  (12:30) – The new role of Chief Marketing Officer and the early mandate to grow the company (14:21) – Ian highlights the pig butchering and market manipulation issue in crypto  (18:49) –Are the rules around accredited investors in the US protecting consumers or restricting them (22:00) – DeFi hacks, global crypto adoption and the impact of Bitcoin Spot ETFs (31:05) - Highlighting companies like Ironfish and Hypernative for their exciting innovation (34:25) - Marketing advice for companies to focus on storytelling rather than traditional marketing  (38:39) - Ian shares his favorite podcasts, including "Pivot," "Invest Like The Best," and "Lex Friedman" (40:25) - Public Key’s dream podcast guestlist is revealed: Fei-Fei Li, Vitalik Buterin, and Gary Gensler (42:03) - How to start your own podcast in 2024 (44:05) - What’s New For Chainalysis: The Bitcoin Fog Decision, NYC Links Conference and Huge Products being shipped in 2024 Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Chainalysis: Our annual Crypto Crime Report is back (Download It Today) Event: Chainalysis Links Conference NYC 2024 (Apr. 9-10, 2024) - Early Bird Pricing On Now! Blog: Asset Tokenization Explained: Benefits, Risks, and How It Can Work Blog: OFAC Sanctions Russian Nationals for Facilitating Disinformation on Behalf of the Government of Russia, Funds Frozen by Tether Podcast: Public Key - Ep. 59: Everything You Need to Know About APAC Crypto Regulations Podcast: Public Key - Ep. 70: Balancing Privacy and Regulatory Concerns in the Crypto Space Podcast: Public Key - Ep. 98: Best of Public Key’s Pig Butchering Discussions 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. 

With Bitcoin reaching all-time highs we thought it would be best for us to revisit one of our most downloaded episodes on Public Key discussing Crypto Market Manipulation, with former Flashpoint founder, Evan Kohlmann and Ian Andrews (CMO, Chainalysis).  Evan is now the Founder and CEO of Cloudburst Technologies, a company tasked with scraping the dark web to identify potential pump and dump schemes and the associated illicit actors.  In the episode recorded in February 2023, Evan explains the nuances of these targeted market manipulation attacks, who the orchestrators are, and the countries being targeted. He explains how his team’s technology can gather KYC information and shed some light on the extent these schemes have on the total illicit activity in the industry. Evan even records an update to this episode highlighting the sudden rise of crypto prices, what are the biggest market manipulation concerns for 2024 and new data that his team is seeing that the general public should be aware of. Minute-by-minute episode breakdown (2:27) – Understanding market manipulation in the crypto world and what Cloudburst Technologies is doing about it (4:35) – How to identify the illicit actors on dark web forums attempting to manipulate the markets (12:30) – How Evan got the name “The Terrorist Search Engine” and how he helped build up leading dark web intelligence firm, Flashpoint (15:21) – How millions of people in dark web forums and Telegram are organizing themselves to pump certain tokens 50% up to 500%  (20:49) – Applying Cloudburst technology to traditional commodity markets and large market cap tokens (28:00) – Are illicit actors targeting decentralized exchanges and protocols or just centralized exchanges (30:05) - How Cloudburst is able to identify KYC on illicit actors across the dark web using OSINT (33:25) - Where are illicit actors operating and the biggest market manipulation concerns for 2024 Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Cloudburst: Crypto is Risky, Invest in Intelligence  Report: Bankrolling Terror: Iran's Role in Fundraising and Recruiting for Hamas Post-10/7 Report: The Chainalysis 2024 Crypto Crime Report (Download Today) Event: Chainalysis Links Conference NYC 2024 (Apr. 9-10, 2024) - Early Bird Pricing On Now! Blog: 54% of ERC-20 Tokens Listed on DEXes in 2023 Display Patterns That May Be Suggestive of Pump and Dump Schemes, but Represent just 1.3% of DEX Trading Volume Blog: 2023 Cryptocurrency Gains by Country 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)  Evan Kohlmann (Founder and CEO, Cloudburst Technologies) 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.  

This week we’ve got a special episode for you. Over the nearly two years since we started the podcast one of our most frequent topics has been the crypto romance / investment scam known as Pig Butchering.  In a Public Key first Ian Andrews (CMO, Chainalysis)  highlight impactful statements from past guests, including: Erin West, Alona Katz, Alastair McCready, Nicola Staub and Detective Matthew Hogan, who discuss the scam’s exponential growth has been, with Southeast Asia emerging as a hotbed for these criminal operations. The guests emphasize that these crimes are not isolated incidents but part of an organized crime network with ties to human trafficking and forced labor, generating billions in stolen funds annually. The group covers the basics of pig butchering, tactics used by international criminals, challenges in combating the crime and how collaboration and educational awareness are key solutions to preventing this complex crime. Alastair highlights the neglect by authorities in countries housing these pig butchering scam compounds, while the remaining guests explain how public private partnerships have been the key to info-sharing and collaboration of resources.  Minute-by-minute episode breakdown (2:15) - What Is Pig Butchering and how is it executed (8:20) - Detective engages with a pig butchering scammer to gather evidence (12:50) - Discussion on scammers using legitimate crypto exchanges and web wallets (16:50) - Human Trafficking victims forced to become scammers and heroic story of a victim's escape (21:21) - Southeast Asia a hotbed for pig butchering scammers  (27:50) - Limited resources of law enforcement and the collaboration of public and private sector (31:25) - REACT Task force formed to combat high tech crime including SIM Swapping and Pig Butchering  (36:38) - How are Bitcoin ATMs used to facilitate payment to scammers (39:25) - Erin West describes why the problem is getting worse and what we need to do to stop it Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Report: The Chainalysis 2024 Crypto Crime Report (Download Today) Event: Chainalysis Links Conference NYC 2024 (Apr. 9-10, 2024) - Early Bird Pricing On Now! Blog: The On-chain Footprint of Southeast Asia’s ‘Pig Butchering’ Compounds: Human Trafficking, Ransoms, and Hundreds of Millions Scammed Blog: Crypto and the Opioid Crisis: What Blockchain Analysis Reveals About Global Fentanyl Sales [UPDATED 3/7/24] Podcast: Ep. 19: Pig Butchering Crypto Scam: Crypto’s Emerging Human Trafficking And Romance Scam Industry Podcast: Ep. 45: How Law Enforcement is Combating Pig Butchering Crypto Scams Podcast: Ep. 72: Investigating the World of Pig Butchering And Crypto Scams Podcast: Ep.93: Stopping Pig Butchering and Crypto Scam Epidemic 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)  Alastair McCready (Producer, Al Jazeera Media Network) Erin West (Deputy District Attorney, Santa Clara County) Alona Katz (Chief, Brooklyn District Attorney's Office) Detective Matthew Hogan (Detective, Connecticut State Police) Nicola Staub (CEO, 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. 

The highly anticipated Chainalysis 2024 Crypto Crime Report is being downloaded worldwide and Ian Andrews (CMO, Chainalysis) speaks to the driving forces behind the report, Eric Jardine (Cybercrimes Research Lead, Chainalysis) and Kim Grauer (Director of Research, Chainalysis) to talk about what groundbreaking data they uncovered.  The trio dive into the most surprising and interesting trends discovered during their research, including the resurgence of Tornado Cash, the increase in ransomware attacks, the decline in stolen funds from crypto platforms and the use of stablecoins in illicit activities. Eric also goes in depth about the evolving landscape of Darknet markets and Kim highlights the prevalence of market manipulation and how more data is moving on-chain with respect to ransomware-as-a-service infrastructures.  The conversation also explores the impact of sanctions on crypto activities, the effectiveness of law enforcement interventions and the ongoing challenges in tracking and preventing scams in the cryptocurrency space. Minute-by-minute episode breakdown (1:35) - Surprising resurgence of Tornado Cash, record high ransomware payouts and hacking declining  (4:20) - Ransomware reaching an all-time high of over a billion dollars (12:50) - Dynamic ecosystem of ransomware actors and the adaptability of strains (18:50) - Debate on whether DeFi platforms are getting safer or if hacking them is becoming less lucrative (24:21) - Stablecoins now account for 60% of overall transactional activity but increased usage for illicit activity and sanctions evasion (27:50) - Discussion on the effectiveness of sanctions as a tool in the crypto world and the uptick in Tornado Cash usage (32:25) - Shifts and developments in the Darknet market ecosystem (37:38) - Market manipulation and pump and dump schemes on newly minted tokens   Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Report: The Chainalysis 2024 Crypto Crime Report (Download Today) Website: Chainalysis: We are paving the way for a global economy built on blockchains Event: Chainalysis Links Conference NYC 2024 (Apr. 9-10, 2024) - Early Bird Pricing On Now! Blog: 54% of ERC-20 Tokens Listed on DEXes in 2023 Display Patterns That May Be Suggestive of Pump and Dump Schemes Blog: The On-chain Footprint of Southeast Asia’s ‘Pig Butchering’ Compounds: Human Trafficking, Ransoms, and Hundreds of Millions Scammed Podcast: Ep. 44 - Everything You Need To Know About Crypto Market Manipulation 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)  Eric Jardine (Cybercrimes Research Lead, 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.

Whether it is seizing restaurants, hotels, cars or Bitcoin, our guest, Joanna Summers, Chief Recovery Officer of Asset Reality, has done it all with over a decade of experience working in both the public and private sector on complex asset forfeitures. In this episode, Ian Andrews (CMO at Chainalysis) speaks to Joanna about developing asset forfeiture programs for countries all over the world and working with the Asset Reality team on their new platform to streamline the asset seizure process. Joanna shares her history at the US Marshal Service Asset Forfeiture Division and how cryptocurrency slowly started to play a bigger role in investigations and seizures, including major cases like Silk Road. Joanna also explains why she has recently taken on a role as an ambassador for the Association for Women in Crypto and the importance of having women's voices in the tech and crypto sector be amplified. Minute-by-minute episode breakdown (2:15) - The role of asset forfeiture and the process of seizing and selling complex assets (6:40) - Joanna's first encounter with cryptocurrency during 2013 Silk Road investigation (8:55) - Joining Asset Reality and helping countries improve their asset forfeiture programs (13:13) - The Financial Action Task Force (FATF) focus on global asset recovery (17:21) - The digital asset recovery procedures and importance of moving crypto quickly into law enforcement controlled wallets (21:40) - The emergence of pig butchering scams and how to protect consumers (26:15) - Joanna’s role as an ambassador for the Association for Women in Crypto Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: The Future of Seized Assets: Asset Reality is the seized asset management platform Publication: Amendments to the FATF Standards to Strengthen Global Asset Recovery News: Asset Reality Integrates with Fireblocks for Digital Asset Custody Website: The association for  WOMEN IN CRYPTO learn. network. advocate. Event: Chainalysis Links Conference NYC 2024 (Apr. 9-10, 2024) - New Training Sessions Added Blog: U.S. and U.K. Disrupt Lockbit Ransomware Group and Indict Two Russian Nationals While OFAC Levies Sanctions 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)  Joanna Summers (Chief Recovery Officer, Asset Reality)  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.   

Stablecoin regulations have been slowly popping up around the world and in this episode, Ian Andrews (CMO, Chainalysis) speaks to the newly appointed Vice President and Deputy General Counsel, Global Policy at Circle, Corey Then and our very own policy expert, Caroline Malcolm to discuss stablecoin regulation, USDC’s integration into international markets and the threat of de-dollarization. Corey explains how USDC works  and its role in the digital asset ecosystem, as well as Circle's business model and how it differs from other stablecoin issuers. Corey and Caroline simplify the global regulatory landscape for stablecoins and discuss the importance of regulatory harmonization and the need for the US to enact payment stablecoin legislation, while maintaining high standards for AML/CFT requirements. They also touch on the competition between stablecoins and Central Bank Digital Currencies (CBDCs), as well as the potential for stablecoins to facilitate dollarization in economies facing high inflation or restrictive capital controls. Minute-by-minute episode breakdown (2:00) - Overview of how USDC works and Circle's business model (4:40) - Progress in the regulation and standards for stablecoins globally (6:50) - Circle's role in leading stablecoin policy and increasing regulation concerns in USA (19:50) - The emergence of BRICS and how does that impact global stablecoin ecosystem and industry players  (25:21) - Grassroots adoption of cryptocurrency and stablecoins in markets with high inflation and capital controls (30:50) - Importance of following AML and CFT regulations for stablecoin issuers   Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: Circle: We’re building a new internet financial system Blog: Transparency Report:USDC is always redeemable 1:1 for US dollars, and EURC is always redeemable 1:1 for euros. Video Series: The Money Movement (A conversation with Jeremy Allaire and Sheila Warren) Report: The State of the USDC Economy Report Report: The Chainalysis 2024 Crypto Crime Report (Coming soon!) Event: Chainalysis Links Conference NYC 2024 (Apr. 9-10, 2024) - Early Bird Pricing On Now! Blog: 54% of ERC-20 Tokens Listed on DEXes in 2023 Display Patterns That May Be Suggestive of Pump and Dump Schemes Podcast: Ep. 44 - Everything You Need To Know About Crypto Market Manipulation 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)  Corey Then (Vice President and Deputy General Counsel, Global Policy, Circle) Caroline Malcolm (Vice President, Global Public Policy, 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.

“We invest in two people and an idea” is not a statement we heard much during the downturn in the crypto market, but in this episode,  Ian Andrews (CMO, Chainalysis)  speaks with Alon Goren (Founding Partner, Draper Goren Blockchain) explains why him, Tim Draper and their partners are bullish on web3 projects even without product market fit and sometimes even without a product. Alon talks about the launch of their new venture studio and the exciting opportunities in the current blockchain and crypto market, especially their passion for early-stage investing and the importance of finding founders who are truly passionate and dedicated to their ideas. He also highlights two companies in their portfolio, LunarCrush and Ownera, that are making waves in the industry from social media analysis on markets and bringing interoperability to the emerging real world asset tokenization market. They  also discuss the potential of blockchain technology to revolutionize various traditional industries, the accredited investor rules in the USA and how it creates a more decentralized and inclusive financial system. Minute-by-minute episode breakdown (2:15) - Reasons for launching a blockchain venture studio during current market conditions (4:40) - Focus on early-stage companies and finding truly passionate founders (12:30) - Adding value as an investor and passion about decentralization (20:16) - Challenging the accredited investor rule and its place in the modern era (25:13) - Involvement in Lunar Crush and their unique approach to analyzing social sentiment in crypto (32:21) - Discussions about Ownera and its role in interoperability in tokenization  Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. DGB Website: Draper Goren Blockchain: Your partners for the decentralized future. LunarCrush Website: Social media impacts markets: Gain an edge with access to real-time social and market data. Ownera Website Interoperability, Distribution & Liquidity for the Global Tokenization Market DGB Portfolio Companies: Including Companies: Aivre, Hypermarket, Poser, Xoop and many more Press Release: Draper Goren Blockchain Launches New Venture Studio & General Partnership to Accelerate and Incubate Web3 Startups Event: Chainalysis Links Conference NYC 2024 (Apr. 9-10, 2024) - New Training Sessions Added Blog: Ransomware Payments Exceed $1 Billion in 2023, Hitting Record High After 2022 Decline 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)  Alon Goren (Founding Partner, Draper Goren Blockchain) 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. 

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 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.