83. Custody is still everything

Simon's back in the studio, Colin's standing near a field. And they're ready to talk about the latest and greatest news in blockchain. Crypto Exchange Kraken Raises $100m, Acquires london Futures Firm 02:24 We ask if Kraken are pivoting to a more Coinbase-y model, if there's any significance raising money from OGs rather than VC and revist Colin's comments from last week. Swift links up with R3 for trading on blockchain 07:43 There's a lot of big words and acronyms going on in this story, but Colin's on hand to explain. We also discuss where (if anywhere) the Swift x Corda relationship could go. Prop firms are hard to sell:’ Shares for crypto exchange Circle are being offered at a massive discount 16:45 It's a significant discount at 77% throwing up some real questions about what Circle's long term plans are. Fidelity Says its Crypto Trading & Storage Platform is in Final Testing 22:00 Simon and Colin discuss how exciting this is for the industry and dive a bit deeper into product in crypto after last week's taster. As well as how companies like Fidelity are adapting their customer facing product to get future customers. A crypto exchange can't repay $190 million it owes customers because its CEO died with the only password 31:49 Custody custody custody. It's an absolutely ridiculous state of affairs for the exchange. Simon and Colin go over the dangers of central points of failure and how decentralisation can help alleviate those concerns. Facebook gets involved with blockchain by hiring the team behind Chainspace 35:00 We take a look at what this says for FB’s intentions and whether there's a lack of talent in the industry. We've got a great Tweet of the Week from @mayazi on the agenda of governance votes 40:47 Colin goes into how Maya's commenting on the real need for the blockchain industry to fix monetary issues at a transactional level rather than going straight into an ICO. Only one company's ever tried to do this at a wallet level. Simon questions if someone could ever get this to work at a micropayments level. All this and so much more on this week's episode of Blockchain Insider. And why not send us your best tweets? See if you can get a shout out on the show! ​ We hope you enjoy the show and, as ever, don't forget to subscribe! ​ Want to join the conversation on all the topics discussed? Tweet the show @bchaininsider and if you really love the show, please leave us a review on iTunes. ​ This week's episode of Blockchain Insider was produced by Laura Watkins and Petrit Berisha. Edited by Alex Woodhouse. Links: | Fortune Swift links up with R3 for trading on blockchain – FinTech Futures 'Prop firms are hard to sell:' Shares for crypto exchange Circle are being offered at a massive discount - The Block Fidelity Says Its Crypto Trading and Storage Platform Is in 'Final Testing' - CoinDesk QuadrigaCX can't pay $190 million owed because CEO with password died Facebook Makes First Blockchain Acquisition With Chainspace: Sources