Curtis Sliwa, a beret-wearing Republican running to be the mayor of New York City, said one of the goals of his campaign is to focus on crypto.
In a Wednesday tweet, Sliwa said he would be focusing on creating greater financial inclusivity in New York City by opening more crypto ATMs and incentivizing businesses to accept cryptocurrency. According to his campaign website, however, the mayoral candidate currently only accepts donations in U.S. dollars using personal checks or credit cards.
As NYC #Mayor, I will make #NYC the most cryptocurrency-friendly city in the nation
Property taxes, fines & fees will be payable in #crypto
We will open more crypto ATMs & incentivize businesses to accept crypto
Sliwa announced his intentions for the adoption of cryptocurrencies in NYC in June, before winning the Republican primary in the city’s mayoral race. The founder of the crime prevention group Guardian Angels and reportedly the owner of 16 rescue cats, he will face off against Democratic candidate Eric Adams in November.
Adams, who has also taken a seemingly pro-crypto stance by pledging to make New York City “the center of Bitcoins,” won the Democratic primary against former presidential candidate and crypto advocate Andrew Yang in July. Yang also claimed he wanted to make the city “a hub for BTC and other cryptocurrencies.”
Related: Miami mayor aiming for ‘the most progressive crypto laws’
Some mayors of cities large and small in the United States have been pushing for the adoption of cryptocurrencies or otherwise taking a position in favor of digital assets. In August, Mayor Jayson Stewart of Cool Valley, Missouri proposed giving away more than $1 million in Bitcoin (BTC) to the city’s roughly 1,500 residents. Miami Mayor Francis Suarez has also said he is a HODLer and wants to make the Florida city attractive to those in the crypto and blockchain industry.
Starting today, DerivaDAO (DDX), DFI.money (YFII) and Radicle (RAD) are available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store DDX, YFII and RAD in most Coinbase-supported regions, with certain exceptions indicated in each asset page here. Trading for these assets is also supported on Coinbase Pro.
DerivaDAO (DDX) is an Ethereum token that powers DerivaDEX, a decentralized exchange for derivative contracts. The DDX token allows users to participate in the governance and operation of the exchange.
DFI.money (YFII) is an Ethereum token that governs the DFI.Money platform. The platform is a fork of Yearn.finance and acts as a yield optimizer for tokens deposited to the platform.
Radicle (RAD) is an Ethereum token that powers Radicle, a project that describes itself as an “open-source, community-led, and self-sustaining network for software collaboration.” The RAD token can enable reduced or zero fees when interacting with Radicle smart contracts in addition to governance through voting and proposals.
One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We announced a process for listing assets, designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see DDX, YFII, RAD), as well as a new section of the Coinbase website to answer common questions about crypto.
Customers can sign up for a Coinbase account here to buy, sell, convert, send, receive, or store e Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store DDX, YFII and RAD today.
Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.
This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.
Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.
All images provided herein are by Coinbase.
DerivaDAO (DDX), DFI.money (YFII) and Radicle (RAD) are now available on Coinbase was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Around the Block from Coinbase Ventures sheds light on key trends in crypto. In this edition, Justin Mart, Connor Dempsey, and Hassan Ahmed explore the growth of NFT games and the play-to-earn economy. Plus, a look at NFT marketplace activity and the Poly Network exploit.
We’re at an exciting time in crypto: one in which cryptonetworks are blossoming into full-fledged virtual economies. Nowhere is this more on display than with NFT gaming.
At the forefront of NFT gaming sits Axie Infinity and its play-to-earn model: a model that pays people in crypto to play a fun video game. With over one million daily active users, Axie Infinity has exploded in popularity in emerging markets and is showing the potential to be a trojan horse for on-boarding the next generation of crypto users.
On top of that, Axie Infinity and play-to-earn gaming has spawned its own thriving financial services sector.
The rise of Axie Infinity
Over the last 30 days, Axie Infinity generated a head turning $343M in fee revenue. This is more than any app or protocol in crypto aside from the Ethereum blockchain, according to Token Terminal.
So where’s that revenue coming from?
How Axie Infinity generates revenue
The Axie Infinity economy consists of a governance token (AXS) and a second token called Smooth Love Potion (SLP) that serves as an in-game currency, along with NFTs that represent both game characters and virtual real estate.
The gameplay itself is often compared to Pokemon, where players battle “Axies” (pictured below) against those of other players. Different Axies have different strengths and weaknesses, and the strategy of the game comes down to playing to your Axies strengths better than your opponent. Players get paid in SLP for defeating opponents. Additionally, players can compete daily quests to earn additional SLP. Axies can also be “bred” together to create new Axies which can in turn be sold to other players for profit.
Every time an Axie is traded, a plot of real estate is sold, or two Axies are bred, the protocol takes a fee priced in a combination of AXS and SLP. Rather than go to the developers, this revenue is placed in the Axie treasury, which has ballooned to nearly $600 million.
While the protocol revenue numbers alone depict the emergence of a new breakout crypto application, what’s more exciting is where Axie Infinity is taking off: in developing nations where players can often earn more playing the game and selling SLP for their native currencies than they can with a typical day job.
With an estimated 50% of daily active users (DAUs) coming from the Philippines, the game is also picking up steam in other emerging markets like Indonesia, Brazil, Venezuela, India, and Vietnam.
Created by game developer Sky Mavis in 2018, Axie started picking up organic traction in the Philippines in early 2020 after a few players realized they could make legitimate incomes by playing. When Covid lockdowns hit and many were put out of work, more were encouraged to give it a try. A documentary on the game’s growth called PLAY-TO-EARN went viral in May 2021 and DAUs went vertical soon after.
Business models of the metaverse
Unlike many mobile games, Axie Infinity is not free to play. To get started, players need to obtain 3 Axie Infinity characters. In the earlier days of the game, the average Axie was selling for under $10. With the game’s rapid growth and the broader NFT rally, the average Axie is now selling for nearly $500 according to CryptoSlam.
Given Axie’s base within the Philippines and other emerging markets, a $1,500 entry tag is a non-starter for most would-be players. To mitigate this barrier to entry, an informal market emerged in which NFT owners began lending players the NFTs needed to play the game in exchange for a cut of their winnings. This is done through QR codes that let players use Axie NFTs in game without the lender having to cede ownership on-chain.
This informal market has blossomed into a formal play-to-earn financial services sector. The largest and most prominent player is a project called Yield Guild Games.
Yield Guild Games (YGG)
Founder Gabby Dizon likes to say that Yield Guild Games is one part Berkshire Hathaway and one part Uber.
Just as Berkshire Hathaway is a holding company for a multitude of businesses, YGG is essentially a holding company for play-to-earn gaming assets. Starting in 2020, they’ve been buying up yield producing NFTs, governance tokens, and ownership stakes in promising gaming projects and protocols.
Similar to how Uber pairs people who want to earn money driving with people who need rides, YGG pairs people who want to make money gaming with the NFTs they need to earn in play-to-earn games. In many parts of the world, people are opting to work with YGG over Uber simply because it pays more.
YGG recently released its July Asset & Treasury Report that offers an interesting glimpse into the new kinds of business models NFTs and play-to-earn games are creating.
YGG by the numbers
Within YGG, there are scholars and community managers. Scholars receive NFTs that they in turn put to work earning crypto. Community managers recruit and train new scholars. 70% of winnings go to scholars, 20% to community managers, and 10% to the Yield Guild Games treasury.
According to the report, 2,058 new scholars joined YGG in July bringing the total to 4,004. In the same month, YGG scholars generated 11.7M SLP by playing Axie Infinity, which equated to over $3.25M in direct revenue. From April through July, scholars and community managers have earned a cumulative of $8.93M.
From its cut of all SLP earned by scholars, YGG earned $329,500 in July and a total of $580,000 since April. YGG’s expenses currently outstrip revenue, as they spent $1.62M in July alone “breeding” new Axie’s to meet scholar demand (breeding can cost anywhere from $200 to $1,200 per Axie).
The YGG Treasury
The YGG treasury consists of tokens and stablecoins held in a wallet, NFTs, and venture investments made in various play-to-earn games. The project has been funded by a $1.325M seed round led by Delphi Digital and another $4.6M round from a16z. They also raised $12.49M from the sale of the YGG governance token, while holding 13.3% of its outstanding supply.
As of the end of July, the YGG wallet’s holdings stood at $415M, with the majority stemming from the YGG token ($373M). The YGG token is part of Yield Guild Game’s plan to transition into a community-governed DAO.
Much of YGG’s capital has been put to work buying NFTs that can earn yield from play-to-earn games. By the end of July, the YGG treasury had amassed 19,460 NFTs valued at over $10M across 12 play-to-earn games. Axie Infinity NFTs comprised close to 90% of that value.
YGG has also made early stage investments across 8 play-to-earn games via SAFT (Simple Agreement for Future Tokens), and locked in ~$1M for yield farming in blue-chip DeFi projects.
A key element of the YGG model is that players are lent NFTs with zero downside risk and without having to put down any upfront capital. In return, they surrender 30% of their winnings but retain the majority — a critical hook to onboarding a new class of crypto users that have historically been priced out.
In fact, some players in the Philippines are earning 5–10x what they were making from their previous jobs. New homes have been purchased, charitable acts have been made, and even shops are accepting SLP as payment.
Beyond the wealth Axie Infinity has created, the game’s popularity has served as a means for getting a large new class of users comfortable using crypto applications. As these 1 million users interface with cryptocurrencies, NFTs, digital wallets, and DEXs, it’s not hard to see this new cohort as natural users of other DeFi and Web3 applications.
Play-to-earn sustainability
If Axie Infinity is its own digital nation, game developer Sky Mavis serves as its Federal Reserve. Where the Fed has various tools it uses to influence the economy, Sky Mavis can adjust the SLP issuance rate and breeding fees with the aim of keeping the Axie economy healthy. Just like a real economy, digital economies have to consider the effects of inflation.
ETH has been flowing into the Axie economy due to high demand for Axie NFTs. Increased demand for Axie NFTs has led to rising Axie NFT prices. Higher NFT prices have made breeding more profitable. Breeding requires fees paid in SLP & AXS, leading to a rise in token prices. With rising SLP prices, playing becomes more profitable, encouraging others to join. A powerful positive feedback loop no doubt — but what if market conditions change?
Winning Axie Infinity battles and quests yields SLP, inflating the SLP supply. And since breeding is priced in SLP, additional supply of SLP equates to cheaper breeding fees to create new Axie NFTs, inflating Axie NFT supply. These dynamics could have an impact on NFT market prices, which in turn may have a direct effect on the economics for players — a possible negative feedback loop.
Ultimately, Sky Mavis has to keep the SLP supply in-check while improving overall gameplay to keep its player economy and ETH deposits growing. They must also offset the number of players seeking to extract a profit with players who are pure consumers — i.e. playing for the fun of it.
Playing the Long Game
While Sky Mavis works to keep the Axie economy strong, Yield Guild Games is banking on the continued growth of play-to-earn gaming as a whole. By replicating its model for Axie Infinity across new games, it seeks to build a play-to-earn empire. Over the long run, founder Gabby Dizon sees YGG as the “recruitment agency of the metaverse” that ultimately competes with the Ubers of the world for labor. A future straight out of Ready Player One in which millions of people earn a living in the digital world in order to cover expenses in the physical one.
Final word
With the exploding revenue of Axie Infinity, the emergence of DAOs like Yield Guild Games, and the multitude of play-to-earn games on the horizon, it’s clear that this trend has legs. With DeFi, NFTs, and now crypto gaming, we’re rapidly evolving past the original crypto killer app of speculative trading and into a universe of expressive new apps and models. We’re in fascinating times as crypto’s utility phase marches forward with a full head of steam.
Quick Hits
OpenSea Hits $3B monthly volume
In the month of August, NFT exchange OpenSea hit $3B in monthly volume as over 1.5 million NFTs changed hands. Its August volume alone exceeds that of every other month in its history, combined.
OpenSea’s August volume is on par with $3B in gross sales Etsy put up in all of Q2: another sign of just how big the NFT market has grown relative to other online marketplaces in a very short timespan.
Data from The Block shows how dominant OpenSea’s dominance over the NFT landscape really is.
Notably absent from this exchange landscape are any kind of decentralized venues for trading NFTs. This follows past market cycles in which centralized exchanges found product market fit first, before ultimately paving the way for decentralized alternatives (think Uniswap during the DeFi summer).
The DEX market for NFTs is still nascent but one we’re watching is the recently launched Punks.house which is a permissionless venue for trading CryptoPunks made by Zora. We’re also seeing NFT markets begin to decentralize themselves, with NFT art marketplace Super Rare making the first move with the introduction of its RARE governance token. Many suspect OpenSea will eventually take this route as well.
Lastly, while OpenSea is a centralized for profit entity, its code is open source. It wouldn’t surprise us to see a low-fee competitor forked from OpenSea emerge in the coming months.
$611M whitehat hack?
In the largest DeFi hack to date, an attacker drained over $611M from the Ethereum, Binance Smart Chain, and Polygon blockchains. Then in a surprise move, he returned almost all of it.
The hack was done by exploiting vulnerabilities on the Poly Network, a cross-chain interoperability protocol that connects different blockchains. These types of networks are usually among the most complex, owing to challenges in getting two different blockchains to talk to each other in a secure, safe fashion (it’s hard enough getting one blockchain to be secure!). And complexity is the enemy of security because added complexity increases the surface area for attackers to find exploits.
In this case, the hacker tricked Poly Network’s smart contracts into thinking that the hacker’s address had permission to unlock the $611M+ across chains (detailed technical analysis here, simple explainer here). But in an odd turn of events, the hacker ended up returning nearly all of it to the Poly Network team (sans $33M USDT frozen by Tether).
There remains speculation around the hacker’s motives to return the funds. Security firm SlowMist stated that they were able to identify the hacker’s IP and email addresses, so some think the funds were returned because the hacker knew they wouldn’t be able to launder that much money undetected. The hacker, on the other hand, conducted an AMA and stated that they did it, “for fun.” And in a separate twist, the Poly Network team offered the hacker a job as their Chief Security Officer in addition to sending a $500,000 bounty for returning some of the funds.
What’s going on here? We can’t know for sure, but it is rare for a hacker to return funds, especially in such a public fashion. Occam’s razor suggests that the repercussions involved with getting caught (if their info was truly identified) were too great to bear.
While it’s disconcerting to see more hacks happening, we should note that this is simply an evolutionary fitness-function in action. Each hack teaches us how to improve, and we learn, adapt, and improve. While bleeding edge crypto protocols pioneering new use cases will inevitably carry more risk, the space hardens over time.
And Poly Network is not alone. Note the other week when Paradigm’s samczsun discovered and reported a vulnerability in SushiSwap’s MISO platform that would have left $350M ETH at risk. Most recently, Cream Finance was exploited in a flashloan attack for $25M.
But for crypto to really succeed, we need security guarantees. Insurance markets are critical.
Retail news
Binance Tightens KYC Requirements — Leans into Compliance
The 2021 Global Crypto Adoption Index: Worldwide Adoption Jumps Over 880% With P2P Platforms Driving Cryptocurrency Usage in Emerging Markets
Crypto grows from 2% to 41% of Robinhood’s total revenue in past year
Japan’s Liquid Global Exchange Hacked; $90M in Crypto Siphoned Off
‘Novi is ready to come to market,’ says David Marcus as Diem’s future remains uncertain
Facebook Considering NFT Support in Novi Digital Wallet
Austrian crypto unicorn Bitpanda raises another $263 million
Institutional news
US Mortgage Lender UWM Plans to Accept Bitcoin Payments
Galaxy files for ETF that provides indirect exposure to bitcoin
Bloomberg and Galaxy team up on decentralized finance index
Former SEC chair Clayton joins Fireblocks advisory board
Galaxy reports losing $175 million during the last quarter in recent earnings call
Wells Fargo Launches Passive Bitcoin Fund for Wealthy Clients
Ecosystem news
Visa Enters Metaverse With First NFT Purchase
Budweiser buys Beer.ETH domain and a rocket NFT
Twitter taps crypto developer to lead decentralized social media initiative Bluesky
TikTok Picks Streaming Service Audius to Power New ‘Sounds’ Library
DeFi projects could come under SEC’s oversight, says chairman Gensler
a16z announces $4.6 million financing round in Yield Guild Games
Avalanche launches $180 million DeFi incentive scheme with Aave and Curve
Walmart is looking for a crypto product lead
Polygon acquires Hermez in $250 million deal that includes first-ever token ‘merger’
Ethereum 2.0 Staking Contract Now Holds the Most Ether: $21.3B
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Disclaimer: This material is the property of Coinbase, Inc., its parent and affiliates (“Coinbase”). The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Coinbase or its employees and summarizes information and articles with respect to cryptocurrencies or related topics that the author believes may be of interest. This material is for informational purposes only, and is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations or (iii) an official statement of Coinbase. No representation or warranty is made, expressed or implied, with respect to the accuracy or completeness of the information or to the future performance of any digital asset, financial instrument or other market or economic measure. The information is believed to be current as of the date indicated on the materials. Recipients should consult their advisors before making any investment decision. Coinbase may have financial interests in, or relationships with, some of the entities and/or publications discussed or otherwise referenced in the materials. Certain links that may be provided in the materials are provided for convenience and do not imply Coinbase’s endorsement, or approval of any third-party websites or their content. Coinbase, Inc. is not registered or licensed in any capacity with the U.S. Securities and Exchange Commission or the U.S. Commodity Futures Trading Commission.
Axie Infinity, Yield Guild Games & the play-to-earn economy was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Manila, Philippines, September 1, 2021 — Southeast Asian based RFOX Media (a subsidiary of RedFOX Labs $RFOX) has combined forces with, Goama, to address their combined audience of more than 20 million Southeast Asian residents and to go after the largely untapped gaming market in Myanmar.
The deal will see prolific tournament game platform Goama, build and provide a casual game for RFOX Media in order to use play-to-win as an acquisition driver to the new
RFOX Media platform.
RFOX Media acquired MYMEDIA Myanmar, one of the larger media players in Southeast Asia earlier this year, instantly giving it access to over 13 million followers across its popular content sites. RFOX Media is now on a trajectory to create a superhighway of media content that can be monetized through advertising as well as through the creation of NFTs.
Goama is a gaming platform that is built for businesses, combining the best of esports and the best of casual games to create a competitive casual gaming environment, where players compete on casual games, ranked on live leaderboards, to win real-world prizes. It has been so popular since its inception and is made available to millions of users in the leading apps across 24 countries and counting.
The two companies combine to launch a game titled ‘RFOX run’ which will offer competitors a chance to win rare and exclusive NFTs based on their tournament performance and leaderboard positions.
Ben Fairbank, CEO, and Co-founder of RedFOX Labs commented:
“We currently have a gaming division called RFOX Games, but to partner with a non-blockchain gaming platform with such a large daily user base is wonderful exposure in a very different sector for us.
“The Myanmar market is still so young, with a lot of potential, and through this collaboration we will launch tournament games alongside Goama who have over 80K people competing in each gaming tournament”.
“We have been planning this for a long time and to finally bring it all together is a wonderful achievement for us and for RFOX Media. We will soon look to partner with Goama across the Philippines and other SEA countries as we follow our aggressive acquisition and growth campaigns across the region”
Wayne Kennedy, CPO and Co-founder of Goama said: “Innovation is at the core of our mission. We are excited to team up with RedFox and bring NFTs as tournament prizes for the first time in Myanmar! This is the first of many innovations we have in plan for our casual eSports platform on leading Superapps throughout Southeast Asia.
“We’re proud to have created RFOX Run, which we know our users are going to love playing and chasing top spot on the leaderboard!
Wayne further adds “We look forward to a successful and long partnership with RedFOX and extending the relationship across our entire footprint.”
About RedFOX Labs
RedFOX Labs is a Southeast Asian venture builder, that identifies and builds successful business models for the region’s emerging markets. It is focused on unlocking the true market value of the Southeast Asian digital economy for high consumer demand services such as e-commerce, e-media, e-travel, and esports/gaming and focuses on adding value to the digital economy through the use of emerging technologies such as blockchain. As a company, its value is tradable through its native token ($RFOX). Subscribe here.
Goama is a leader in platform gamification, setting the benchmark in digital innovation and user engagement, working with some of the world’s biggest superapps and brands. Its turnkey solution offers a plug and play platform that creates unique gamified experiences that empower its business partners to build engaged communities. Goama has partnerships with the leading apps across 24+ countries to help them drive user engagement, increase monetization opportunities, and acquire new users.
Starting Today, Tuesday August 31, transfer DDX, YFII and RAD into your Coinbase Pro account ahead of trading. Support for DDX, YFII and RAD will generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page here. Trading will begin on or after 9AM Pacific Time (PT) Wednesday September 1, if liquidity conditions are met.
One of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time. Most recently we have added trading support for COTI (COTI), Axie Infinity (AXS), Request (REQ), TrueFi (TRU), Wrapped Luna (WLUNA), Harvest Finance (FARM) Fetch.ai (FET) Paxos Standard (PAX) and Polymath Network (POLY), Clover Finance (CLV), Mask Network (MASK), Rally (RLY), BarnBridge (BOND), Livepeer (LPT), Quant (QNT), Chiliz (CHZ) Keep Network (KEEP), Polkadot (DOT), Solana (SOL), Gitcoin (GTC), Enzyme Token (MLN), Amp (AMP), and Dogecoin (DOGE).
Starting Today, Tuesday August 31, we will begin accepting inbound transfers of DDX, YFII and RAD to Coinbase Pro. Trading will begin on or after 9AM Pacific Time (PT)Wednesday September 1, if liquidity conditions are met.
Once sufficient supply of DDX, YFII and RAD is established on the platform, trading on our DDX-USD, DDX-EUR, DDX-USDT, YFII-USD, YFII-USDT, RAD-USD, RAD-EUR, RAD-GBP, RAD-BTC and RAD-USDT. order books will launch in three phases, post-only, limit-only and full trading. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.
We will publish tweets from our Coinbase Pro Twitter account as each order book moves through the phases.
DerivaDAO (DDX) is an Ethereum token that powers DerivaDEX, a decentralized exchange for derivative contracts. The DDX token allows users to participate in the governance and operation of the exchange.
DFI.money (YFII) is an Ethereum token that governs the DFI.Money platform. The platform is a fork of Yearn.finance and acts as a yield optimizer for tokens deposited to the platform.
Radicle (RAD) is an Ethereum token that powers Radicle, a project that describes itself as an “open-source, community-led, and self-sustaining network for software collaboration.” The RAD token can enable reduced or zero fees when interacting with Radicle smart contracts in addition to governance through voting and proposals.
DDX, YFII and RAD are not yet available on Coinbase.com or via our Consumer mobile apps. We will make a separate announcement if and when this support is added.
You can sign up for a Coinbase Pro account here to start trading. For more information on trading DDX, YFII and RAD on Coinbase Pro, visit our support page.
### Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process. This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.
Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.
All images provided herein are by Coinbase.
DerivaDAO (DDX), DFI.money (YFII) and Radicle (RAD) are launching on Coinbase Pro was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Perfect timing and place for a Lightning Network Conference. In less than a week, Bitcoin will be legal tender in El Salvador. The Lightning Network was instrumental for this to happen. The real-life case study for the Lightning Network is El Zonte AKA Bitcoin Beach. And in Mid-November, all of those factors will collide in an event aptly titled “Adopting Bitcoin.”
Related Reading | How Big Is Bitcoin’s Lightning Network? The Answer Will Surprise You
This Lightning Network conference comes with a call-to-action as its unofficial slogan, “Unite, focus, collab!” And, by the looks of Adopting Bitcoin’s official Twitter, the tribe responded to the call and will attend en masse.
Unite, focus, collab! ⚡⚡⚡
“Adopting Bitcoin – A Lightning Summit 2021” #adopt21 brings together the Bitcoin and Lightning communities in El Salvador this November
The focus: transitioning 6+ million people onto the Lightning Network!
What Characteristics Does This Lightning Network Conference Have?
According to “Adopting Bitcoin‘s” website, their purpose:
“… is bringing together the Bitcoin and Lightning community in San Salvador and El Zonte to create connections and foster the future of money and payments in the Central American republic.”
The Lightning Network Conference has the following characteristics:
The team behind the Bitcoin Beach Wallet, Galoy, produced the conference.
“Adopting Bitcoin” is a not-for-profit event.
The organizers will donate 100% to support Lightning Network development.
The Lightning Network conference will be both in English and in Spanish.
“Adopting Bitcoin” will be live-streamed.
They’ll dedicate Tuesday and Wednesday to hard-core conferencing.
Thursday they’ll finish the peregrination by visiting the place that started it all, El Zonte. “We will have an organized Bitcoin Bazaar 10a-4p…. with kiosks, stands and food stalls anchored at / near Hope House,” said Galoy’s Co-Founder.
Tuesday and Wednesday are full conference days in San Salvador.
Thursday is more casual in El Zonte. We will have an organized Bitcoin Bazaar 10a-4p…. with kiosks, stands and food stalls anchored at / near Hope House.
The Lightning Network conference is for “early adopters only.” Tickets can only be purchased with bitcoin over the Lightning Network.
“Adopting Bitcoin” is for “developers, businesses and general enthusiasts to network and form in-person connections.”
Adopting Bitcoin: Lightning Summit in El Salvador. Dates: 16 – 18 November 2021. Tickets can only be paid on the #Bitcoin#LightningNetwork. All proceeds of the conference will be donated to the development of the Lightning Network. https://t.co/vZzQb6MOy9 pic.twitter.com/ivizhyD960
— Bitcoin LightningNetwork+ News ⚡️ (@BTC_LN) August 30, 2021
“Adopting Bitcoin’s” Line Up
Tuesday and Wednesday, the party is in San Salvador’s Sheraton Presidente. Both days contain “Lightning 101” workshops. Among the star lecturers are:
Alex Gladstein, Chief Strategy Officer at the Human Rights Foundation; podcaster extraordinaire Stephan Livera; Bitnob’s Bernard Parah, from Nigeria, one of the protagonists of this historic transaction; “Bitcoin En Español’s” host Camila Campton; Mónica Taher, Tech & Economic International Affairs for El Salvador; Bitcoin Beach’s Mike Peterson, and Paxful’s Ray Youssef.
Full line-up in the Lightning Network Conference ‘s website.
On Thursday 18, the party moves to El Zonte and ends with a literal Taproot Activation Party in El Tunco. For a video tour of both towns, check this mini-documentary out.
BTC price chart for 08/31/2021 on Cexio | Source: BTC/USD on TradingView.com
About Galoy, Organizers Of The Lightning Network Conference
According to their official website, “Galoy offers easy to use Bitcoin ‘Banking-as-a-Service’ (BaaS) products.” They are responsible for the self-referential official wallet for the Bitcoin Beach project. “In October 2020, we launched our branded “Bitcoin Beach” Lightning Wallet in El Zonte.” Galoy describes itself as:
“… a B2B company, serving organizations that embrace Bitcoin as money. We build on the Bitcoin Protocol and the Layer 2 Lightning Network, utilizing the tools created by the team at Lightning Labs.”
Related Reading | Are The Lightning Network’s Almost-Free Transactions The Killer App BTC Needed?
And now, they’re contributing to the Bitcoin ecosystem with this not-for-profit Lightning Network Conference in El Salvador. One that requires that you actually use the novel network to purchase the coveted ticket. And donates all proceeds to Lightning development.
Nice.
Featured Image: Adopting Bitcoin's logo | Charts by TradingView
Customers of leading U.S. crypto exchange Coinbase have spent the weekend panicking after the exchange mistakenly sent emails to users stating their two-factor authentication (2FA) settings had been changed.
On Aug. 27, Coinbase accidentally sent the email to 125,000 of its customers, resulting in widespread public backlash.
Coinbase took to Twitter on Aug. 29 to apologize for the mishap, stating: “We’re laser-focused on building trust and security into the crypto community so that the open financial system we all want is a reality. We recognize that issues like this can hurt that trust.”
I got the reply and panicked someone accessed my account or made withdrawals. Immediately logged in and reset my password after verifying nothing happened.
Despite Coinbase’s apology, many of its users reported taking significant measures in response to the email while fearing that their accounts were being targeted by hackers, including overhauling security settings and liquidating their crypto holdings.
Comments on the exchange’s social media also suggest that numerous customers were unable to access the Coinbase app for several days after the incident.
Same here. the app still says “we’re having connection issues” while other Coinbase users I know, who didn’t get the SMS yesterday, can still log in.
“We will continue to work to gain back the trust of every one of our customers who was impacted by those notifications,” Coinbase added.
The firm also announced it is reimbursing users with $100 worth of Bitcoin (BTC).
The exchange posted its apology in the r/Coinbase subreddit on Aug. 30 to mixed reactions from customers.
Redditor “CoCraic_PNW” claimed they were yet to receive the promised $100 credit despite having received the 2FA message on both Coinbase and Coinbase pro, pledging to move their business to another exchange in light of the incident.
“Film2021” also stated that they were yet to receive the $100 BTC worth of credit and are currently looking to migrate their funds from Coinbase to a rival exchange.
However, not everyone is wielding their pitchforks at Coinbase, with Redditor “Leagance” praising the firm for promptly offering compensation for its error:
“Just got my $100. Thanks Coinbase. Regardless of the situation it was nice to know how quickly and easily I was able to lockdown my account if there was some sort of 2FA change.”
Related: Bitstamp and Ledger execs weigh customer service debate after Coinbase saga
The incident comes just days after it was reported that thousands of disgruntled customers claim their Coinbase accounts were hacked and emptied.
According to a CNBC story published Aug. 24, thousands of users assert that Coinbase’s support has failed to respond to requests for help relating to the alleged incident.
“Interviews with Coinbase customers around the country and a review of thousands of complaints reveal a pattern of account takeovers, where users see money suddenly vanish from their account, followed by poor customer service from Coinbase that made those users feel left hanging and angry,” CNBC wrote.
Earlier this month, Coinbase announced a new support phone line for customers who believe their account has been hacked.
This report updates on what 0xB10C, Coinbase Crypto Community Fund grant recipient, has been working on over the first half of his year-long Bitcoin development grant. This specifically covers his work on Userspace, Statically Defined Tracing support for Bitcoin Core.
By 0xB10C, Coinbase Bitcoin developer grant recipient
The reference implementation to the Bitcoin protocol rules, Bitcoin Core, is the most widely used software to interact with the Bitcoin network. Bitcoin Core is, however, a black box to most users. While information can be queried via the RPC interface or searched in the debug log, there is no defined interface for real-time insights into process internals. Yet, some users could benefit from more observability into their node. Hobbyists and companies running Bitcoin Core in production want to include their nodes in their real-time monitoring. Developers need visibility into test deployments to evaluate, review, debug, and benchmark changes. Researchers want to observe and analyze the behavior of nodes on the peer-to-peer network. Exchanges and other services handling large sums of bitcoin want to detect attacks and other anomalies early.
Peeking inside with Userspace, Statically Defined Tracing
The eBPF technology present in the Linux kernel can be used for observability into userspace applications. The technology allows running a small, sandboxed program in the Linux kernel, which can hook into predefined tracepoints in running processes. Once hooked into a tracepoint, the program is executed each time the tracepoint is reached. Tracepoints can pass data, for example, application state. Tracing scripts can further process the data. The practice of hooking into tracepoints in userspace applications is known as Userspace, Statically Defined Tracing (USDT). For example, these tracepoints are also included in PostgreSQL, MySQL, Python, NodeJS, Ruby, PHP, and libraries like libc, libpthread, and libvirt.
The static tracepoints can be leveraged by Bitcoin Core users wishing for more insights into their node. Adding USDT support did not require intrusive changes, and no custom tooling had to be written. When not used, the performance impact of the tracepoints is minimal to non-existent. Only privileged processes can hook into the tracepoints, no information leaks to other processes on the host. These properties make Userspace, Statically Defined Tracing a good fit for Bitcoin Core.
For example, I placed two tracepoints in the peer-to-peer message handling code of Bitcoin Core. For each inbound and outbound P2P message, the tracepoints pass information about the peer, the connection, and the message. This data can be filtered and processed by tracing scripts. As a demo, I have built a P2P Monitor that shows the communication between two peers in real-time. Users can find this script alongside other USDT examples in the contrib/tracing/ directory of the Bitcoin Core repository.
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Use-cases for Userspace, Statically Defined Tracing
I list some use-cases for Userspace, Statically Defined Tracing I have thought about or worked on. With only three tracepoints merged, there is plenty of room for developers to add new tracepoints and get creative with tracing scripts. Issue #20981 contains discussion and ideas for additional tracepoints that can be implemented.
Researchers and developers can use the P2P message tracepoints to monitor P2P network anomalies in real-time. One example could be detecting the recent addr message flooding as reported in this bitcointalk.org post. The messages were announcing random IP addresses not belonging to nodes on the Bitcoin network. The flooding has been covered in detail by Grundmann and Baumstark. They discuss that the attacker could obtain the number of connected peers and learn about other addresses, including Tor addresses, the node is listening on. This would reduce the privacy of the node operator. It’s important to stay vigilant to these attacks, discuss them, and then, if needed, react to them.
Similarly, I have been instrumenting the Bitcoin Core network address manager with tracepoints. The addrman keeps track of gossiped network addresses for potential outbound peers connections a node makes. It’s designed to be resiliant against Eclipse Attacks, where a node only has connections to peers controlled by the attacker. The attacker can choose which information to feed to the node, enabling, for example, double-spending attacks. Information about the addresses in the addrman might help detect the build-up of an eclipse attack when combined with other data.
Additionally, these addrman tracepoints can be helpful during debugging and code review. To showcase this, I build a tool that visualizes the addresses in the addrman data structure based on the data submitted to the tracepoints.
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A Prometheus metric exporter can also build on top of the tracepoints without requiring additional code in Bitcoin Core. There already exist RPC-based Prometheus exporters and projects like Statoshi. However, RPC-based exporters are limited by the information exposed via the RPC interface, and Statoshi is large a patch-set that requires maintenance on each Bitcoin Core release. I have published an experimental USDT-based exporter called bitcoind-observer that hooks into the three currently merged tracepoints and serves metrics in the Prometheus format. The exporter can be used by everyone currently running a Bitcoin Core node compiled with USDT support. A demo is available on bitcoind.observer.
The already existing tracepoint validation:block_connected can be used to benchmarking block validation. This allows, for example, to compare the initial block download performance between different patches and can aid in detecting performance improvements and regressions. For example, the bitcoinperf project might benefit from such tracepoints. I’ve used the tracepoint to benchmark Martin Ankerls pull request #22702. If merged, the changes he proposes would result in a substantial block validation speed up and reduction in memory usage.
Next steps
I will collect further ideas for tracepoints and implement them alongside example tracing scripts and more tooling. This will also involve communicating with other Bitcoin and Bitcoin Core developers about which tracepoints could be helpful in their projects. An example is Antoine Riard’s cross-layer anomaly detection watchdog which he initially proposed as a new, internal module to Bitcoin Core. However, many of the required events and metrics can be collected by hooking into tracepoints. This means the watchdog could be an external runtime, which would speed up the watchdog development and requires less code and maintenance on the Bitcoin Core side.
If everything goes according to plan, the v23.0 release of Bitcoin Core, expected in early 2022, will include the first set of tracepoints. A goal is to enable USDT support in release builds by default, which still needs some work. Additionally, the tracepoint API should be semi-stable and thus needs testing.
In short: I have been adding tracepoints to Bitcoin Core that users can hook into to get insights into the internal state. The tracepoints are based on Linux kernel technology and do not require intrusive changes or custom tooling. The groundwork is done. Now further tracepoints can be added, and tooling can be written.
Coinbase is officially seeking applications for our 2021 developer grants focused on blockchain developers who contribute directly to a blockchain codebase, or researchers producing white papers. Learn more about the call for applications here.
Userspace, statically defined tracing support for Bitcoin Core was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Geneva, Switzerland, August 30, 2021 — Liti Capital’s wLITI token, a wrapped version of the Swiss company’s LITI equity token, lists today on Changelly PRO, 30 August 3 PM UTC. $wLITI pairs with BTC and USDT are now available for trading.
This comes less than a week after listing on Bitcoin.com Exchange and less than two weeks on HitBTC. The Changelly PRO team has expressed their warm welcome to the litigation financing token.
“We are happy to welcome $wLITI to our big family of carefully curated cryptocurrencies and hope that our users will gain maximum benefits from this collaboration. We are proud to partner with a company that provides financial resources, strategic solutions and renowned connections to the best law firms worldwide to help plaintiffs obtain court awards for damages or losses they have suffered,” says the Changelly PRO spokesperson.
Liti Capital, a Swiss-based blockchain private equity fund specializing in raising capital for legal cases, is making waves in traditional investing by bringing litigation financing to the masses, an investment practice traditionally monopolized by hedge fund heavyweights and elite investors.
Litigation financing is the practice of bringing in investors to cover the cost of a lawsuit or arbitration in exchange for a portion of the profit. Litigation financing specialists, such as Liti Capital, purchase litigation assets for cases they deem to have a high chance of winning.
“We appreciate the amazing support that established exchanges such as Changelly PRO have shown for our $wLITI token. With high profile projects in the blockchain and decentralized finance spaces finally attracting mainstream interest, we are excited to explore the possibilities for $wLITI as a wrapped version of an equity token that offers regular people the chance to invest in an asset class that previously wasn’t available to them,” says Liti Capital CEO Jonas Rey.
wLITI is an ERC-20 wrapped version of the LITI equity token. Launched on June 29, 2021, the wLITI token is suitable for trading on centralized exchanges (CEXes) like Changelly PRO, and also on DEXes, whereas the LITI token is only available through liticapital.com after meeting KYC requirements.
Liti Capital uses the blockchain to manage its share registry. Development of its own blockchain-based case management tools is on its roadmap.
wLITI can be exchanged for LITI at a token buyer’s request via Liti Capital’s app or website, which converts LITI to wLITI at a 1:5000 ratio and vice versa. The tokens will always maintain this ratio. The buyer is then able to trade their wLITI freely. Liti Capital does not directly sell wLITI.
LITI is a true digital share of Liti Capital that has voting rights, pays dividends and is protected under Swiss law. LITI is purposely not designed to be on exchanges at this time.
Both tokens represent Liti Capital, whose mantra is “Private Equity for All.” Liti Capital works exclusively in a single form of private equity — Litigation Finance, also called third party funding. This asset class has remained almost entirely exclusive to hedge funds and venture capitalists since its inception several decades ago. Litigation Finance is the practice of financing all or part of a legal case on behalf of a plaintiff for an agreed upon percentage of the court award.
Once Liti Capital purchases a portion of ownership of a case, it provides capital that can be used in many ways: legal fees, case management and strategy, expert witnesses, intelligence work and whatever else is needed to give the plaintiff the best chance of winning the case and collecting the award. The portion owned by Liti Capital becomes a “litigation asset” that backs the LITI token.
On 19 August 2021, Liti Capital announced that it was funding a claim against Binance, which would enable affected individuals to pursue compensation in relation to the exchange failing on 19 May 2021. This failure resulted in the trading accounts (including Futures, Margin, and Leveraged Token products) of at least 700 and potentially thousands of individuals being effectively untradeable for hours, causing traders to suffer losses that could exceed one hundred million dollars.
Listing Details
Trading Opening: Aug. 30, 2021 3 PM UTC
Trading Pairs: wLITI/BTC | wLITI/USDT
About Liti Capital
Switzerland-based Liti Capital is a Swiss limited liability company specializing in litigation finance and fintech. Liti Capital buys litigation assets to fund lawsuits and provides a complete strategic solution along with connections to top law firms to help clients win their cases. Tokenized shares of the company lower the barrier of entry for retail investors and give token holders a vote in the company’s decision-making process. Dividends are distributed to LITI token holders upon the success of the plaintiff. Jonas Rey, co-founder of Liti Capital, also heads Athena Intelligence, one of the most successful intelligence agencies in Switzerland. His two co-founders, Andy Christen and Jaime Delgado, bring operational, innovation and technical skills to round out the leadership team.
Liti Capital recently onboarded seasoned industry leader David Kay as chief information officer and executive chairman. Boasting more than a decade of experience as funding partner and portfolio manager of a billion-dollar private equity fund in the litigation financing space, Kay successfully enforced what was at the time the largest international arbitration award in history, bringing in over $1 billion in cash and securities.
For project information, please read the Whitepaper.
For token distribution, please read Tokenomics.
Liti Capital Official Channels
Liti Capital Website: https://liticapital.com
Liti Capital Telegram: https://t.me/Liti_Capital_Official
Liti Capital Telegram Announcements: https://t.me/Liti_Capital_Official_ANN
Liti Capital LinkedIn: https://www.linkedin.com/company/liti-capital
Liti Capital Medium: https://medium.com/@liticapital
Liti Capital Reddit: https://www.reddit.com/r/liticapital
About Changelly
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto.
Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 200+ cryptocurrencies that can be effortlessly swapped within 10 minutes on desktop and on the go via the Changelly mobile app.
In 2020, Changelly branched out to accommodate the needs of traders. Changelly PRO has been built as a platform focused on the customer’s needs, effectively enabling retail buying and selling of digital tokens and coins. Piggy-backing on the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution and 24/7 live support.
Melbourne, Australia, Aug. 30, 2021 — The world’s first halal DeFi ecosystem MRHB DeFi is collaborating with leading Indian cryptocurrency trading platform Coinsbit to bring crypto-asset opportunities to India’s huge population of 200 million Muslims, driving further participation in the blockchain economy.
MRHB DeFi’s vision of an inclusive crypto-verse, follows Islamic ethical finance principles but is suitable for those looking for a socially conscious blockchain that avoids interest, usury, exploitation and other business practices deemed unethical.
Being Halal means that MRHB DeFi operates within the highly ethical constraints of Shariah law which broadly implies that all business decisions are conducted in conjunction with Islamic teachings which promote inclusion, access, and faith, and function simply and transparently for the benefit of its users.
A Visionary Partnership to Serve 200 Million Muslims
India is home to 200 million Muslims constituting 10% of the global population and is the world’s third-largest Muslim community. This group is often excluded from the cryptoverse due to their faith-driven principles regarding financial and business conduct.
What this partnership means:
Coinsbit would be the first Indian exchange to introduce a certified Shariah-compliant project to the Muslim Community. MRHB will conduct an initial exchange offering (IEO) on the Coinsbit Exchange during launch and introduce the blockchain’s native token, $MHB (Marhaba Token), to the global community
Coinsbit is headquartered in Hyderabad which is geographically close to the large metropolitan community of Hyderabad & Bangalore that has a sizable of Muslim population
MRHB DeFi will integrate Coinsbit’s portal with its app (Sahal Wallet), enabling users to directly use Coinsbit for trading crypto-assets.
Coinsbit will give the users a trading platform, where $MHB (Marhaba Token) would be available to the Indian Community
MRHB DeFi would also lead marketing activities for the exchange in the fast-growing Australian market
Both the partners will gain substantially from each other’s marketing and community growth activities
A Shared Mission for an Inclusive Cryptoverse
“Blockchain and DeFi have exploded in popularity in 2021, and we forecast this stratospheric growth to continue. That’s why we’re excited to be teaming up with one of India’s premier cryptocurrency exchanges to offer MRHB DeFi products and services to everyone across the Indian subcontinent who are looking for a true, ethical alternative to the existing platforms in the cryptoverse,” says Naquib Mohammed, MRHB DeFi Founder & CEO.
“Blockchain offers amazing potential for all communities. We aim to deliver this potential to those who may have previously struggled to access or been cautious to use DeFi products and services. We also hope to provide them with all of the rich opportunities for growth, expansion and development that DeFi offers,” adds Naquib.
“We’re excited about embarking on this shared journey with MRHB. Islamic DeFi and Shariah-based crypto financial products are an area of extraordinary growth and potential for India. We’re committed to delivering MRHB DeFi’s visionary range of services and products to our clients across our continent,” says Ravneet Kaur, CEO of Coinsbit India.
She continues, “The time is right for a blockchain project that is based on the tenets of faith, inclusion and access for all, while being transparent and simple to use. MRHB DeFi has demonstrated to us that they are committed to a long-term vision for ethical people around the world no matter what their faith is.”
Asian countries are outpacing the rest of the world in terms of cryptocurrency adoption and India has ranked second in the global cryptocurrency adoption index, according to the 2021 Global Crypto Adoption Index by blockchain data platform Chainalysis. Indians have invested more than five times the amount of the previous year and the momentum is encouraging.
Crypto adoption is on the rise in India and the Indian exchanges WazirX, CoinDCX and Coinswitch Kuber have doubled their user base between January and March 2021.
Coinsbit India started its operations recently and has already captured market attention by onboarding a million users in around three months.
About MRHB DeFi
MRHB DeFi is a halal, decentralised finance platform built to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of DeFi.
Based on the tenets of blockchain such as trust, transparency, and security, MRHB DeFi has encapsulated universally applicable principles of Shariah into those tenets of blockchain to render a suite of offerings. It is a complete DeFi ecosystem whose products, protocols and crypto-assets are governed primarily by the ethical, inclusive, sustainable and charitable investment principles associated with the Islamic faith or ‘Islamic Finance’ (‘IF’ as it is commonly known).
The diverse team is comprised of researchers, technocrats, influencers, Islamic fintech experts & business entrepreneurs, who came together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between the faith-conscious communities and the blockchain world.
Read more about MRHB DeFi’s Shariah Concept Paper, Lite and White Paper here.
Since its inception in 2017, Coinsbit has been one of the most trusted exchange platforms for cryptocurrency traders from around the world. Coinsbit India aims to become the leading trading platform for the Indian market, which is just beginning to realize the potential of cryptocurrencies. It always works according to the guidelines set by the government of India. Coinsbit India is committed to providing a service, reliability and convenience that cannot be matched by any other platform, and as one of the world’s largest cryptocurrency exchanges, is proud to represent India.
