In this edition of yWeb3: Navigating Frontier Tech, we plunge into the dynamic realm of Web3, exploring pivotal shifts in crypto regulations and the establishment of a global consensus on AI standards. Leading the discussion is our distinguished host, Jay Steinback, Founder & CEO of yWhales, alongside industry luminaries Dan Guido, CEO of Trail of Bits, and Dave Perrill, CEO of PerrillCo. Delve into the complexities of classifying crypto assets and witness how platforms are strategically adapting to new territories and evolving policies.

From the critical security considerations surrounding blockchain to the recent Ledger exploit, which poses a significant threat to decentralized finance, we dissect the intricacies of safeguarding users in this ever-evolving environment. Our exploration extends to IBM's groundbreaking cold storage technology for crypto assets, addressing ongoing debates regarding the environmental impact of cryptocurrency compared to traditional cash.

As we unravel the multifaceted challenges of global cybersecurity threats and the evolving regulatory landscape, we shine a spotlight on the targeted actions of Chinese hackers on US infrastructure. Additionally, we delve into the growing support for Senator Elizabeth Warren's AML bill and scrutinize Robinhood's strategic foray into the EU crypto market, signaling a commitment to regulatory clarity. Join us on this insightful journey as we provide valuable perspectives on the forces shaping the Web3 landscape.

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Podcast Library: ywhales.com/podcasts

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Medium: https://links.ywhales.com/Medium

Guest Social Links:

Dan's LinkedIn: https://www.linkedin.com/in/danguido/

Trail of Bits' Website: https://www.trailofbits.com/

Dave's LinkedIn: https://www.linkedin.com/in/daveperrill/

PerrillCo's Website: https://www.perrillco.com/

About Guests

Dan Guido, CEO and founder of Trail of Bits, is a cybersecurity luminary with a passion for advancing software

security. Leading a team of 140 engineers, he has propelled Trail of Bits to the forefront of cryptography, AI, and

blockchain security. As a CFTC Technology Advisory Committee member, he navigates cybersecurity risks in

emerging tech, influencing policy through collaborations with CFR, RAND, CNAS, and Harvard. Dan also organizes Empire Hacking, connecting 1,700 NYC-based cybersecurity experts, and his creation, AlgoVPN, is a leading self-hosted VPN with 27k stars on Github. Recognized for his contributions, Dan was inducted into the SFS Hall of Fame by DHS CISA in 2021.

Dave Perrill is a 28-year veteran of the data center, Bitcoin mining, energy, and information security industry. Dave

is a four-time technology founder with two successful exits. He most recently founded and scaled the largest crypto

focused infrastructure company in North America, developing over 700MW of projects across 4 states.  He been fortunate enough to be recognized as a Inc. 100 award winner, EY Entrepreneur of the Year, and a Fast 50 (#1 ranking in MN) award winner. Dave holds a B.S. in Management Information Systems and a MBA in Finance from the University of Minnesota. When not in the office or out with customers, he enjoys playing softball, traveling, watching a great movie, and spending time with his family and friends.

Timestamps

0:35 Jay's intro 

1:45 Guests intro  

2:33 Security: Blockchain, leaks and maintaining integrity 

07:40 Ledger Exploit Endangers DeFi; Sushi Says 'Do Not Interact With ANY dApps'

16:30 IBM Introduces New Cold Storage Tech for Crypto Assets 

24:15 ECB assesses environmental footprint of cash, sees room for improvement 

37:30  Chinese hackers target US infrastructure: Report 

39:23 More US senators back Elizabeth Warren’s AML bill targeting crypto 

49:10 Robinhood enters EU crypto market, embracing regulatory clarity 

54:35 Closing thoughts 

DISCLAIMER: yWhales is not affiliated with YPO. Support and production for today’s episode was done by Truth Work Media. Nothing in the podcast constitutes professional and/or financial advice, nor does any information on the podcast constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.

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