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*NEW* KRAKEN INTRODUCES STATISTICAL MODEL FOR #BITCOIN HASHRATE

Our findings suggest commonly reported $BTC #mining metrics may be false positives, not reflecting real changes in hashrate.

Check out the details in our latest Intelligence report 👇🧵

blog.kraken.com/post/5719/krak…
2/ Due to an element of luck in finding blocks, the #Bitcoin hashrate as commonly calculated is only an estimate and can depend on the time frames chosen.

Indeed, we found different data providers often report different hashrates for the same day.
3/ We believe a better approach is to analyze the #BTC hashrate using a 95% confidence interval band.

This metric means that, statistically, we can be 95% confident that the true hashrate lies somewhere within the band.
4/ Our findings show this method yields new insights.

For one, larger fluctuations are becoming less statistically significant.

Our work shows #Bitcoin’s hahrate is increasingly less volatile, despite reports of large decline or increases.
5/ Focusing on the long-term trends, our data shows:

+ Hashrate has been stable since the beginning of the year

+ Hashrate has been increasing steadily since early 2018.
6/ For more on our approach and why we believe it’s essential to proper analysis of #Bitcoin’s hashrate, read our full report:

kraken.docsend.com/view/gvyiece7h…

For more free insights and research, be sure to bookmark our Kraken Intelligence blog:
blog.kraken.com/post/category/…
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Kraken Exchange
@krakenfx
*NEW* HOW A GENERATIONAL SHIFT COULD GIVE #BITCOIN A $1 TRILLION BOOST

In the US alone, $70 trillion will transfer from Boomers to Bitcoin-friendly generations in the coming decades.

In new research, we break down the impact this shift could bring 🧵👇

blog.kraken.com/post/4313/how-…
2/ Assuming a 5% investment allocation and a 2% inheritance tax, by 2044 Gen X and Millennials could invest an estimated $971 billion into #Bitcoin as they inherit wealth.

World investment could make this figure much higher.
3/ Here’s a projection showing the estimated flow of assets as the Baby Boom generation declines and transfers its wealth to Gen X and Millennials.

Almost 70% of the total $70 trillion transfer will occur in the next 10 years.
Read 9 tweets
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Kraken Exchange
@krakenfx
🚨It took Kraken Security Labs just 15 minutes to hack both of @trezor’s crypto hardware wallets.

Here’s how we did it and what it means if you’re a user:

blog.kraken.com/post/3662/krak…
@Trezor 2/ This attack relies on voltage glitching to extract an encrypted seed. This initial research required some know-how and several hundred dollars of equipment, but we estimate that we (or criminals) could mass produce a glitching device that could be sold for about $75.
3/ We then crack the encrypted seed, which is protected by a 1-9 digit PIN, but is trivial to brute force.
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