Kraken Exchange Profile picture
Feb 19 4 tweets 2 min read
2021 Compliance Transparency Report. Total requests up 130% YoY for a total of 2,453, ~10 per business day. SEC averaged 1 per week. Canada broke top 10. US down again to 31% of global share but still up 43% YoY. The pie is growing. Hard to see a startup bearing this high cost.
2020 Compliance Transparency Report. Total requests up 50% YoY, ~4 per business day. US lost share, down to 50% from 61% last year. FBI still leads. % of invalid requests up by 4% while productions are down 4%. Some invalid can become valid but these cases are especially taxing.

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More from @krakenfx

Jul 22, 2020
*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.
Read 6 tweets
Mar 25, 2020
*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
Jan 31, 2020
🚨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.
Read 6 tweets

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