Privacy Renaissance: Blockchain’s Next Era
From Radical Transparency to Digital Sovereignty Since Bitcoin’s birth the industry has worshipped one totem: an open, immutable ledger that replaces institutional reputation with public verifiability. That transparency let a decentralized system enforce honesty without bosses. Yet the honeymoon is over. Mainstream adoption now depends on the exact opposite quality—confidentiality. Across culture, regulation and code, privacy demand is accelerating. At Pantera Capital we bet on this early, ba...
Privacy Renaissance: Blockchain’s Next Era
From Radical Transparency to Digital Sovereignty Since Bitcoin’s birth the industry has worshipped one totem: an open, immutable ledger that replaces institutional reputation with public verifiability. That transparency let a decentralized system enforce honesty without bosses. Yet the honeymoon is over. Mainstream adoption now depends on the exact opposite quality—confidentiality. Across culture, regulation and code, privacy demand is accelerating. At Pantera Capital we bet on this early, ba...
Why Web3 Project Research Is Turning Into a Fool’s Errand
1. The Information Wall Has Reversed—AI Is Now the Fog Machine The original edge of Web3 “research” was simple: spot the signal before the crowd. In 2018 a GitHub commit history or a token-economics PDF still told you something. Today the same artefacts are generated on demand—white papers, code repos, audit reports, even on-chain wash-trading patterns—by fine-tuned models that know exactly what VCs want to see. I know because I ghost-wrote some of them. The cost of faking credibility has col...
Why Web3 Project Research Is Turning Into a Fool’s Errand
1. The Information Wall Has Reversed—AI Is Now the Fog Machine The original edge of Web3 “research” was simple: spot the signal before the crowd. In 2018 a GitHub commit history or a token-economics PDF still told you something. Today the same artefacts are generated on demand—white papers, code repos, audit reports, even on-chain wash-trading patterns—by fine-tuned models that know exactly what VCs want to see. I know because I ghost-wrote some of them. The cost of faking credibility has col...
Building a Stablecoin FX Infrastructure: Three Innovation Paths from Numo, Mento, and ViFi
Why Stablecoin FX Matters Foreign exchange is the largest financial market on Earth, moving more than US$7 trillion a day. Yet its plumbing—correspondent banks, cut-off times, opaque pricing—was built for the telegraph age. Stablecoins promise a borderless, always-on alternative: bearer assets that settle in seconds on any blockchain. The catch is that almost all fiat-backed stablecoins are USD-denominated (>99 % of supply), leaving every other currency underserved. A liquid, on-chain FX mark...
Building a Stablecoin FX Infrastructure: Three Innovation Paths from Numo, Mento, and ViFi
Why Stablecoin FX Matters Foreign exchange is the largest financial market on Earth, moving more than US$7 trillion a day. Yet its plumbing—correspondent banks, cut-off times, opaque pricing—was built for the telegraph age. Stablecoins promise a borderless, always-on alternative: bearer assets that settle in seconds on any blockchain. The catch is that almost all fiat-backed stablecoins are USD-denominated (>99 % of supply), leaving every other currency underserved. A liquid, on-chain FX mark...
Is CZ's Return Good for Binance?
Former US President Trump's pardon for Binance founder CZ means the US government has lifted previous restrictions prohibiting CZ from operating financial businesses. This also paves the way for CZ to return to frontline operations at Binance and resume the CEO position. Following the news, the prices of mainstream cryptocurrencies generally rose. Considering Trump's prior pardons for several individuals in the crypto sector sentenced to various terms, and the increasingly close ties between ...
Is CZ's Return Good for Binance?
Former US President Trump's pardon for Binance founder CZ means the US government has lifted previous restrictions prohibiting CZ from operating financial businesses. This also paves the way for CZ to return to frontline operations at Binance and resume the CEO position. Following the news, the prices of mainstream cryptocurrencies generally rose. Considering Trump's prior pardons for several individuals in the crypto sector sentenced to various terms, and the increasingly close ties between ...
Self-Sovereign Identity Goes National: Unveiling Bhutan's Ethereum Transition
The Kingdom of Bhutan has announced it will migrate its national digital identity system from Polygon to Ethereum, with completion planned for the first quarter of 2026, making it the first country to anchor its national identity system on Ethereum. This system is based on the concept of self-sovereign identity, granting citizens control over their personal data. It allows for the secure storage of credentials like driver's licenses and educational certificates in a digital wallet, enabling s...
Self-Sovereign Identity Goes National: Unveiling Bhutan's Ethereum Transition
The Kingdom of Bhutan has announced it will migrate its national digital identity system from Polygon to Ethereum, with completion planned for the first quarter of 2026, making it the first country to anchor its national identity system on Ethereum. This system is based on the concept of self-sovereign identity, granting citizens control over their personal data. It allows for the secure storage of credentials like driver's licenses and educational certificates in a digital wallet, enabling s...
