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Man Taking Notes While Listening To Cryptocurrency Podcast

The 5 best Bitcoin mining podcasts you should be listening to in 2020

November 14, 2019
Beau Chipman
Bitcoin, Cryptocurrency, Money Transmitter Bond, Surety Bonds

How to keep up with the latest Bitcoin mining news?

Within the last decade, Bitcoin mining has exploded in popularity. As Bitcoin mining continues to be a more competitive scene, staying informed with the latest cryptocurrency news becomes necessary. Below, we have listed the top 5 Bitcoin mining podcasts you should be listening to and stay informed.

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The top 5 Bitcoin mining podcasts. [In no particular order.]

The TraderCobb Crypto Podcast
(Listen now!)
Craig Cobb is a well-known educator and speaker in business, cryptocurrency and trading. Thanks to his direct approach, we find this podcast enjoyable and easy to follow; even for those new to the crypto trading world. With new episodes released twice a week on average, listening to Craig is a great way to start off your mornings.

The Bad Crypto Podcast
(Listen now!)
Despite the name of Joel Comm & Travis Wright’s podcast, The Bad Crypto Podcast is great! Listen as they shed light on Bitcoins, blockchains and everything else cryptocurrency related. Perfect for those new to the world of cryptocurrency.

Unchained
(Listen now!)
The host of the Unchained podcast, Larua Shin, is a crypto/blockchain journalist. She was the first mainstream reporter to cover crypto assets full-time while a senior editor of Forbes. Listen in as she interviews some of the top players in the cryptocurrency space.

The Bitcoin Knowledge Podcast
(Listen now!)
Want a better understanding of the Bitcoin industry? Subscribe to The Bitcoin Knowledge Podcast to hear Trace Mayer interview top people in the Bitcoin industry for helpful advice. As a journalist, blogger and radio host, Trace has been part of the blockchain industry for years.

What Bitcoin Did
(Listen now!)
Join host Peter McCormack as he interviews experts in the industry of Bitcoin development, investment, privacy and adoption. Having launched the podcast in 2017, What Bitcoin Did has already reached over 100 episodes, with new episodes released twice on a weekly basis.

There you have it. The top 5 Bitcoin mining podcasts you should be listening to in 2020. Did your favorite cryptocurrency podcast make our list? What podcasts, books, blogs or videos do you suggest for those of us in the business of cryptocurrency check out? As the cryptocurrency space grows, it’s important to stay up-to-date on current news and the changing standards in the industry.

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Arkansas Uniform Money Services Act Changed: What this means for your money transmitter license

Arkansas Act 111 [Formally Senate Bill 187]

As of July 24, 2019, senate bill 187 (now Act 111) amends Arkansas’ process of money transmitter licenses and currency exchanges through the Uniform Money Services Act. These amendments alter surety bond and net worth amounts for money transmission license holders. They need to keep application and renewal obligations and deadlines; allow the use of international financial reporting standards (also regularly accepted accounting principles) to figure out the value of permitted investments licenses holders need to maintain; and repeal specific savings and transitional provisions. This bill was approved by the Arkansas Governor in February 2019.

Arkansas amends their Uniform Money Services Act as of July 2019.

What do these Arkansas Act 111 changes mean?

The required surety bond and net worth amounts you need to maintain have changed. Prior to this change, the required minimum surety bond amount you could submit to the state was $50,000. An additional $10,000 was required for every other location the transmitter held within the state. The bond amount could not exceed $300,000. You also had to maintain a net worth of at least $250,000 determined in accordance with generally accepted accounting principles.

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The required bond amount post-July 2019 is between $10,000 and $300,000. Determine the specific bond amount you need by reviewing your previous year’s money transmission, stored value and payment instrument dollar volumes. This same method is how you determine your net worth and then calculating $10,000 for every $1,000,000. You must keep a minimum net worth of $50,000. Depending on the circumstances, the Arkansas commissioner can set specific required net worth and bond amounts.

What Is A Money Transmitter Bond?

Money transmitters are held to a high standard because they are expected to handle their clients’ money responsibly and in accordance with their state laws and guidelines. Every state other than South Carolina and Montana require money transmitters to obtain a Money Transmitter Bond before they can start doing business.

UPDATE: On June 6, 2016 the South Carolina Anti-Money Laundering Act took effect. This act requires South Carolina money transmitters to now get licensed and bonded before they can start doing business.

If you are an online retailer and you accept payments online (such as Paypal and Amazon) you are most likely required to secure a Money Transmitter Bond.

Four Big Stacks Of One Hundred Dollar Bills

Utah Money Transmitter Bond

Did you know that 48 states regulate money transmitters and require money transmitters to be licensed before they can conduct business?

Utah is no exception, and the new Senate Bill 24 that was signed into legislature on March 27^th of this year regulates the licensing process even more. If you sell or issue payment instruments (check, money order, traveler’s check, or draft) or receive money for transmission in the state of Utah, you will need to get licensed and bonded.