WazirX, India biggest cryptocurrency exchange, witnessed record-breaking activity this year, as investors from smaller cities in the South Asian country jumped on the digital-asset bandwagon despite lingering regulatory uncertainty and market volatility. Mumbai-based WazirX, which is an affiliate of the giant crypto exchange Binance, registered annual trading volume of over $43 billion, marking a stunning 1,735% growth over 2020, according to a report published by the exchange and shared with...

WazirX, India biggest cryptocurrency exchange, witnessed record-breaking activity this year, as investors from smaller cities in the South Asian country jumped on the digital-asset bandwagon despite lingering regulatory uncertainty and market volatility. Mumbai-based WazirX, which is an affiliate of the giant crypto exchange Binance, registered annual trading volume of over $43 billion, marking a stunning 1,735% growth over 2020, according to a report published by the exchange and shared with...

The emergence of cryptocurrency and blockchains 12 years ago changed everything. Bitcoin showed that money doesn’t have to be issued by governments. It proved that a group of individuals could act together without knowing each other. It demonstrated that the internet can be both transparent and private. From Bitcoin came Ethereum and a host of other blockchains, along with ICOs and stablecoins. From there we saw DAOs, DeFi and NFTs and much more. In 12 years, crypto has become a $2 trillion i...

The emergence of cryptocurrency and blockchains 12 years ago changed everything. Bitcoin showed that money doesn’t have to be issued by governments. It proved that a group of individuals could act together without knowing each other. It demonstrated that the internet can be both transparent and private. From Bitcoin came Ethereum and a host of other blockchains, along with ICOs and stablecoins. From there we saw DAOs, DeFi and NFTs and much more. In 12 years, crypto has become a $2 trillion i...

Lancium, the Houston-based data center power management firm, signed a $2.4 billion development partnership with Taylor County in Texas and the city of Abilene to build a large-scale, renewable energy-powered data center.Lancium will build the facility, which will focus on bitcoin mining and other energy-intensive applications, in the north central Texas city, starting in the first quarter of 2022, according to a press release.“We chose Abilene for our second Clean Campus because of its ideal...

Lancium, the Houston-based data center power management firm, signed a $2.4 billion development partnership with Taylor County in Texas and the city of Abilene to build a large-scale, renewable energy-powered data center.Lancium will build the facility, which will focus on bitcoin mining and other energy-intensive applications, in the north central Texas city, starting in the first quarter of 2022, according to a press release.“We chose Abilene for our second Clean Campus because of its ideal...

Terraform Labs and its CEO, Do Kwon, are challenging the U.S. Securities and Exchange Commission (SEC), claiming the regulator improperly served Kwon subpoenas at Mainnet 2021 despite not having jurisdiction over Kwon or his company. They have asked a New York court to dismiss the subpoenas. Terraform filed a motion last Friday opposing an SEC effort to compel Kwon and Terraform Labs to cooperate with subpoenas issued in the SEC’s ongoing investigation of Terra’s Mirror Protocol. The SEC file...

Terraform Labs and its CEO, Do Kwon, are challenging the U.S. Securities and Exchange Commission (SEC), claiming the regulator improperly served Kwon subpoenas at Mainnet 2021 despite not having jurisdiction over Kwon or his company. They have asked a New York court to dismiss the subpoenas. Terraform filed a motion last Friday opposing an SEC effort to compel Kwon and Terraform Labs to cooperate with subpoenas issued in the SEC’s ongoing investigation of Terra’s Mirror Protocol. The SEC file...

The U.S. has become the world’s leader in bitcoin mining following the renewed crackdown on the industry in China, the Cambridge Centre for Alternative Finance (CCAF) said.The latest CCAF data shows the U.S accounting for 35.4% of the global hashrate – the world’s total computational power used to mine bitcoin – as of the end of August, more than doubling from 16.8% at the end of April.Kazakhstan and Russia followed the U.S. with shares of 18.1% and 11%, respectively, up from 8.2% and 6.8% in...

The U.S. has become the world’s leader in bitcoin mining following the renewed crackdown on the industry in China, the Cambridge Centre for Alternative Finance (CCAF) said.The latest CCAF data shows the U.S accounting for 35.4% of the global hashrate – the world’s total computational power used to mine bitcoin – as of the end of August, more than doubling from 16.8% at the end of April.Kazakhstan and Russia followed the U.S. with shares of 18.1% and 11%, respectively, up from 8.2% and 6.8% in...

Adam White, the president of cryptocurrency firm Bakkt, is leaving the company he helped build from scratch as a founding executive. White spent the last three years at Bakkt, a company that launched in 2018 with the ambitious aim of making institutional crypto adoption a reality before pivoting to a suite of more retail-focused products. Prior to his time with Bakkt, White was VP and general manager for five years at cryptocurrency exchange Coinbase. “After a great 3+ years at bakkt, next we...

Adam White, the president of cryptocurrency firm Bakkt, is leaving the company he helped build from scratch as a founding executive. White spent the last three years at Bakkt, a company that launched in 2018 with the ambitious aim of making institutional crypto adoption a reality before pivoting to a suite of more retail-focused products. Prior to his time with Bakkt, White was VP and general manager for five years at cryptocurrency exchange Coinbase. “After a great 3+ years at bakkt, next we...

2021 has been an extraordinary year for crypto. We saw decentralized finance (DeFi) swell to a $100 billion+ industry, bitcoin (BTC) reach a price peak of $69,000, massive ecosystem growth for companion blockchain networks (layer 2) such as Arbitrum and alternative chains like Solana, over $22 billion in sales for non-fungible tokens (NFT) and more mainstream and institutional interest than ever before. Paul Veradittakit is a partner at Pantera Capital. Here are six of my top predictions for ...

2021 has been an extraordinary year for crypto. We saw decentralized finance (DeFi) swell to a $100 billion+ industry, bitcoin (BTC) reach a price peak of $69,000, massive ecosystem growth for companion blockchain networks (layer 2) such as Arbitrum and alternative chains like Solana, over $22 billion in sales for non-fungible tokens (NFT) and more mainstream and institutional interest than ever before. Paul Veradittakit is a partner at Pantera Capital. Here are six of my top predictions for ...

In a remarkable display of the power of airdrops in community formation, a new token reached a peak market capitalization of over a quarter-billion dollars in just four days. Unclear goals, looming security risks and a fickle market could lead to prices drifting lower as interest and attention begin to wane, however. Its market cap now sits at $207 million. On Christmas, NFT traders awoke to an airdrop of SOS tokens – the governance token for the newly formed OpenDAO. Airdrops are a token dis...

In a remarkable display of the power of airdrops in community formation, a new token reached a peak market capitalization of over a quarter-billion dollars in just four days. Unclear goals, looming security risks and a fickle market could lead to prices drifting lower as interest and attention begin to wane, however. Its market cap now sits at $207 million. On Christmas, NFT traders awoke to an airdrop of SOS tokens – the governance token for the newly formed OpenDAO. Airdrops are a token dis...

LUNA, the native token of decentralized payments network Terra, bumped to over $100 in European hours on Friday to lead a “Santa rally” in crypto markets. Traders took advance of Thursday’s 10% decline to $85 to bring LUNA back to its previous high of $96 in early Asian hours. Then an announcement by crypto exchange Binance that it will list UST, a stablecoin issued on the Terra network, pushed LUNA above $100. The price met resistance at that level and was down 5 cents at press time. LUNA to...

LUNA, the native token of decentralized payments network Terra, bumped to over $100 in European hours on Friday to lead a “Santa rally” in crypto markets. Traders took advance of Thursday’s 10% decline to $85 to bring LUNA back to its previous high of $96 in early Asian hours. Then an announcement by crypto exchange Binance that it will list UST, a stablecoin issued on the Terra network, pushed LUNA above $100. The price met resistance at that level and was down 5 cents at press time. LUNA to...

去中心化金融 (DeFi) 市场具有三个核心领域：无需许可的交易、无需许可的市场创建和无需许可的做市——除了提高流动性提供者的收益率之外，最后两个对于 DeFi 衍生品市场的成功扩展至关重要。 由于链上 Web 3.0 钱包的成熟以及几乎所有 DeFi 协议的采用，无许可交易迄今为止被最广泛采用。相比之下，去中心化市场创建和做市是自动化做市商 (AMM) 支持的最新功能。 然而，AMM 并没有导致现货市​​场和衍生市场之间平等的去中心化市场创建和制造。在现货中，可以为与任何其他资产配对的任何资产创建市场，如果这种对不存在，仍然可以通过中间资产（例如 USDC）进行交换。这使得现货成为一个高度可组合的市场，并且很容易集成到代币中。 然而，在衍生品市场，这更具挑战性。作为回应，已经创建了几种不同的协议。一种解决方案是创建链上永续流动性，通过虚拟流动性机器创建可以提供多空流动性的恒定产品。该模型通过完全消除流动性提供者 (LP) 的角色来消除流动性提供者风险。但这样做时，它将风险从 LP 转移到协议。 免许可衍生品的关键是 LP 可以并且想要使用的流动性提供模型。如果一个协议能够解决产...

去中心化金融 (DeFi) 市场具有三个核心领域：无需许可的交易、无需许可的市场创建和无需许可的做市——除了提高流动性提供者的收益率之外，最后两个对于 DeFi 衍生品市场的成功扩展至关重要。 由于链上 Web 3.0 钱包的成熟以及几乎所有 DeFi 协议的采用，无许可交易迄今为止被最广泛采用。相比之下，去中心化市场创建和做市是自动化做市商 (AMM) 支持的最新功能。 然而，AMM 并没有导致现货市​​场和衍生市场之间平等的去中心化市场创建和制造。在现货中，可以为与任何其他资产配对的任何资产创建市场，如果这种对不存在，仍然可以通过中间资产（例如 USDC）进行交换。这使得现货成为一个高度可组合的市场，并且很容易集成到代币中。 然而，在衍生品市场，这更具挑战性。作为回应，已经创建了几种不同的协议。一种解决方案是创建链上永续流动性，通过虚拟流动性机器创建可以提供多空流动性的恒定产品。该模型通过完全消除流动性提供者 (LP) 的角色来消除流动性提供者风险。但这样做时，它将风险从 LP 转移到协议。 免许可衍生品的关键是 LP 可以并且想要使用的流动性提供模型。如果一个协议能够解决产...