Prizmabet

Kraken’s Ink Layer-2 Goes Live

The team had originally planned for Ink to go live in early 2025, so the launch of the main network is ahead of schedule.

Kraken, the seventh-largest crypto exchange, said its layer-2 rollup network, built on top of the Ethereum blockchain, has gone live.

The network, called Ink, is based on the OP stack, a customizable framework that lets developers build their own rollups using Optimism’s technology. The team had originally planned for Ink to go live in early 2025, so the launch of its main network is ahead of schedule.

Story continues below

We’re excited to announce Ink is live on mainnet!

Months ahead of schedule, we’re officially launching as part of the Optimism Superchain. This is just the beginning of our journey to bridge the gap between users and builders in DeFi.

Let’s ink the future together ✍️ pic.twitter.com/WmOKNiMO06

— ink (@inkonchain) December 18, 2024

Kraken agreed to receive 25 million OP tokens (worth about $58 million) as part of a deal to build on the OP Stack. Optimism has acknowledged that handing out developer grants for participants building on the stack is part of its strategy, which in turn contributes back to the wider “Superchain” ecosystem.

Kraken competitor Coinbase said in August 2023 that it would build a layer-2 network with OP Stack. The product, called Base, is now the second-largest rollup network according to L2beat. At the time, Optimism said the Base team would receive up to 118 million OP tokens and, in return, would contribute the higher of 2.5% of its sequencer revenue or 15% of its profits to the Optimism Collective.

Other participants building a layer 2 with the OP Stack — including Uniswap, World Network, and Sony Blockchain Labs — have not said how many OP tokens they expect to receive as part of their deals.

“Today is just the beginning for Ink, and now our boldest work really begins – growing Ink,” said Andrew Koller, the founder of Ink, in a press release. “We’re pushing the boundaries of on-chain experiences to unlock new applications and opportunities for builders and users alike, layering privacy, security and UX enhancements on a foundation of deep liquidity.”

Merhaba arkadaşlar, bugün sizlere Prizmabet adlı bir bahis sitesinden bahsedeceğim. Prizmabet, Betconstruct altyapısı ile üyelerine kaliteli hizmetler veren ve ülkemizin önde gelen bahis sitelerinden bir tanesidir. 2009 yılında kurulan Prizmabet, lisanslı, güvenilir ve avantajlı bir site olarak dikkat çekmektedir. Prizmabet’te spor bahisleri, canlı bahisler, casino, canlı casino, slot oyunları, sanal sporlar ve daha pek çok seçenek bulabilirsiniz. Prizmabet’te oyun oynamak için aradığınız ortamı fazlası ile bulacaksınız.

Prizmabet’in en önemli özelliklerinden biri de Prizmabet TV kanalıdır. Bu kanal sayesinde bahis sitesinde bulunan müsabakaları üyeler bir ücrete katlanmadan istedikleri zaman takip edebiliyor. Böylece hem heyecanlı hem de kazançlı bir bahis deneyimi yaşayabiliyorsunuz. Prizmabet TV kanalında futbol, basketbol, tenis, voleybol gibi popüler spor dallarının yanı sıra daha az bilinen sporlara da yer verilmektedir. Prizmabet TV kanalını kullanmak için sadece siteye üye olmanız ve yatırım yapmanız yeterlidir.

Prizmabet ayrıca üyelerine bol miktarda bonus ve promosyon da sunmaktadır. Prizmabet’te ilk üyelik bonusu olarak 100 TL deneme bonusu alabilirsiniz. Bunun yanında yatırım bonusları, kayıp bonusları, arkadaş davet bonusu, doğum günü bonusu gibi farklı bonuslar da mevcuttur. Prizmabet bonusları sayesinde daha fazla oyun oynayabilir ve kazancınızı artırabilirsiniz. Prizmabet bonuslarının çevrim şartları da oldukça makul seviyededir.

Prizmabet para yatırma ve çekme işlemleri konusunda da üyelerine kolaylık sağlamaktadır. Prizmabet’te banka havalesi, kredi kartı, papara, cepbank, QR kod, bitcoin gibi farklı yöntemlerle para yatırabilir ve çekebilirsiniz. Para yatırma ve çekme işlemleri 7/24 yapılabilmekte ve kısa sürede hesaplara yansımaktadır. Prizmabet para yatırma ve çekme işlemlerinde herhangi bir komisyon veya kesinti de yapmamaktadır.

Prizmabet müşteri hizmetleri de üyelerine 7/24 canlı destek hizmeti sağlamaktadır. Prizmabet canlı destek ekibi sayesinde site ile ilgili her türlü soru, sorun veya önerinizi iletebilir ve anında çözüm bulabilirsiniz. Prizmabet canlı destek ekibi profesyonel, güler yüzlü ve yardımseverdir.

Sonuç olarak, Prizmabet ülkemizin en iyi bahis sitelerinden biri olarak gösterilebilir. Prizmabet’te hem eğlenceli hem de kazançlı bir bahis deneyimi yaşayabilirsiniz. Prizmabet’e üye olmak için güncel giriş adresini web sitemizden bulabilirsiniz. Prizmabet’e girmek için tıklayınız! Prizmabet’e katıldığınıza pişman olmayacaksınız!

Helium’s Frank Ong: Building Out DePIN’s First Big Success Story

Helium was a DePIN long before DePIN was a word. Long-time COO Mong is gratified to see (literally) a thousand projects emulating its economic model in 2024.

As (literally) a thousand DePIN projects bloomed in 2024, they could thank one decentralized physical infrastructure network in particular for showing the way: Helium. The original DePIN (before DePIN was a word), Helium was started by Amir Haleem, Shawn Fanning, and Sean Carey all the way back in 2013. It took until 2019 for the team to deploy IoT hotspots, allowing users to share wireless coverage and earn tokens.Of course, it’s harder to deploy hardware to people’s homes than it is to issue a memecoin on Pump.Fun. And as chief operating officer at Helium for the last seven years, Frank Mong has seen the struggle to deploy hardware up close. There are now more than 350,000 Helium hotspots deployed in 80-some countries.

“You have hurdles of building physical products and that’s everything from structures to electronics,” Mong said. “And those take time. And I think in the early days of Helium, at least for me, seven plus years ago, I recall that even when we do build a network, it takes time for things to be built physically to use that network.”Mong says it’s “very gratifying” to see so many DePINs come to life this year (1,300 is one estimate). “We’re seeing new companies come out this year in 2024 with all kinds of ideas and use cases for Helium’s economic model to really power through real-life physical infrastructure. It is quite amazing to see,” he said.

Story continues below

Mong particularly likes mapping as a DePIN category and recommends that people watch Hivemapper.

Helium Mobile has 100,000 subscribers and the company is making money by onboarding customers from regular mobile providers, acting as an extra network inside buildings in cities like New York City, Miami and Los Angeles. Helium launched on its own blockchain before switching to Solana in 2023.

Mong hails from the Tenderloin in Downtown San Francisco, which he calls “the slums of the city.”

Helium continues to deploy at a lightning rate. In Portugal, its hotspots form parts of smart cities and smart utilities. U.S. Pacific Gas and Electric is using Helium for wildfire detection, and the U.S. Geological Survey uses the network for flood detection in Madison, Wisconsin. Nova Labs (the company that created the open-source tech) also has a beta test underway with Telefonica in Mexico to provide hotspots in certain neighborhoods, showing how Helium, and DePIN, is increasingly becoming part of real infrastructure.

Mong says it’s a long road, but worth the struggle. “The initial part is taking that leap. You have to just jump off the cliff and believe that you’re going to land safely. That’s probably the hardest part. Once you do it, the journey is amazing,” he said.

“Just realize that it’s going to take a long time. Physical products take time to iterate and you have to have the patience to enjoy the journey.”Looking forward to 2025, he adds: “I hope that the innovation of crypto software continues to thrive and continues to grow. Along the way, I hope responsible actors show up and come to a table with real useful products and services for consumers.”

This profile is part of CoinDesk’s Most Influential 2024 package. For all of this year’s nominees, click here.

Helium’s Frank Mong: Building Out DePIN’s First Big Success Story

Helium was a DePIN long before DePIN was a word. Long-time COO Mong is gratified to see (literally) a thousand projects emulating its economic model in 2024.

Story continues below

Mong particularly likes mapping as a DePIN category and recommends that people watch Hivemapper.

Mong hails from the Tenderloin in Downtown San Francisco, which he calls “the slums of the city.”

This profile is part of CoinDesk’s Most Influential 2024 package. For all of this year’s nominees, click here.

Brazilian Central Bank Adds Crypto Exchange Mercado Bitcoin in CBDC Pilot Including Mastercard

The approved consortium includes Mastercard, broker Genial, registrar Cerc and financial software fintech Sinqia as partners.

Brazil’s central bank authorized on Thursday the largest local crypto exchange, Mercado Bitcoin, to participate in the pilot of the digital real, the South American country’s central bank digital currency (CBDC).

The consortium led by Mercado Bitcoin counts Mastercard, broker Genial, registrar Cerc and financial software fintech Sinqia as partners, local newspaper Valor reported.

Also on Thursday, the central bank gave its green light to state-owned Brazilian bank Caixa to participate in its CBDC pilot, along with card provider Elo and Microsoft.

Mercado Bitcoin had been left out of the central bank’s choice of 14 participants in late May because the consortium lacked at least one regulated financial or payment institution with direct access to Brazil’s national financial network. That changed after Mercado Bitcoin received the payment institution license from the central bank, on 2 June.

“Our participation validates the Central Bank’s intention to bring innovation to the financial system with those who have already been working with this technology and not just with the incumbents who have appropriated it,” said Fabricio Tota, director of new business at Mercado Bitcoin, Valor added.

“We are pleased to be part of the consortium selected to join the Real Digital pilot in Brazil. Mastercard continues to engage in a series of partnerships to build trust and compliance in the digital assets ecosystem, while also solving real-world problems,” Walter Pimenta, executive vice president of Products and Engineering at Mastercard Latin America and the Caribbean, told CoinDesk in a statement.

The central bank will begin incorporating participants into the Real Digital Pilot platform in mid-June 2023. According to Glovo, the consortium intends to participate in testing the issuance of the CBDC and treasury bills, and will seek to test technical aspects of the network and the governance model of the distributed ledger technology.

The CBDC is slated to be rolled out by 2024 by the central bank, which sees a digital currency as a way of increasing participation in the financial system.

The Risks and Rewards of High-Frequency Crypto Trading #prizmabet

High-frequency trading can be lucrative in newer markets like crypto, but HFT is not without its unique risks.

I had a nice conversation this week about high-frequency trading (HFT) in crypto markets. Born out of an idea I had to explore the space generally, a bout of fortuitous timing let me speak with someone who has engaged in it first hand.

I’ve always viewed HFT as a quantitative trading style that combines individual quantitative acumen with technical tools to take advantage of price discrepancies. Market makers in stocks and derivatives markets famously deploy the technique, leveraging coding ability and technical skill to capture trading opportunities first.

Often this involves arbitrage, where one asset has two different prices on separate exchanges. If, for instance, you can buy an asset for $10 on one exchange and nearly instantly sell it for $10.25 on another, you will have essentially secured a riskless profit. Doing so over and over can be highly profitable. Some of the more well-known names in HFT are Jump Trading, Citadel Securities, Virtu and Hudson River Trading.

You’re reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Wednesday.

In popular culture, HFT has been displayed in Michael Lewis’ 2014 book “Flash Boys,” along with the 2018 film “The Hummingbird Project.” Both describe real and fictional, respectively, efforts to help HFT firms speed up their trading reaction times by fractions of a second by running a new, straighter fiber-optic line across the U.S. Today, the fastest firms use microwave or shortwave radio networks.

HFT certainly has its critics. Some write it off as outright cheating, arguing that access to faster throughput enables them to “front run” orders. Others say that it provides an unfair advantage to institutions over individuals. And others attribute rapid crashes in prices to HFT.

Use of HFT within crypto markets could amplify those critiques to symphonic levels. Still, the part of me that enjoys the marriage between markets and technology can’t help but look further.

My curiosity brought me to a conversation with Keone Hon, CEO of Monad Labs. His current firm’s mission centers around delivering a proof of chain (PoS) blockchain, which increases transaction throughput, and maintains compatibility with the Ethereum Virtual Machine (EVM). His prior role included a role as quantitative trading team lead at a separate HFT firm.

And while I spent the first half of this column discussing what I knew (or thought I knew), I’d like to spend the second half discussing what I learned. Here are some takeaways:

What HFT provides to crypto

Part of the edge is borne out of the nascency of crypto itself. Since there are fewer participants than there are over in traditional markets, price dislocations are more common – meaning larger profits. As more participants come in, those opportunities will become more scarce.

Buyers and sellers are not necessarily prepared to trade at the same time, so HFT firms bridge that time gap, buying from sellers and vice versa.They also compete with other traders to quote prices as tightly as possible.

“At the end of the day, professional automated trading is providing a service, although it may not sound that way,” Hon said.

The different HFT strategies in use

Candidly, this was my most selfish question. I enjoy all conversations around strategy and how individuals synthesize their own interpretation of data into a plan of action.

It was apparent that a class of strategies exists in HFT. One (mentioned previously) is arbitrage, whereby the trader is looking to take advantage of mispricings across different exchanges. Other strategies are alpha-driven, kicked off by “quantitative signals that come from measuring things happening on the order book,” Hon said.

What stood out to me during our strategy discussion was the need to not only be thoughtful in execution, but in position management and exchange evaluation. Part of the requirement of trading across exchanges involves maintaining inventory there, which brings with it additional elements of counterparty risk, particularly with centralized exchanges.

To that end, I got the sense that Hon feels that decentralized exchanges need to catch up to their centralized counterparts in terms of the user experience and quality of execution. My impression is that part of his current firm’s goal is to bridge the current gap between centralized and decentralized exchanges.

Regulation

How can you have a conversation on crypto and trading and not bring up regulation at least once? On that end, I suspect his response will surprise some. My impression is that Hon views sensible regulation as good, if for no other reason than it lets participants operate within a prescribed framework.

“It’s actually beneficial to make sure that exchanges are playing by the rules. It’s good to make sure that they have proof of reserves and assets that they claim,” Hon said.

Recommended for you:

Access Protocol’s ACS Token Rallies After Web3 Paywall’s Public Airdrop
Bitcoin Is Apolitical, but Won’t Be Much Longer
Diana Biggs: Building Early-Stage Ventures in Web3

This is actually similar to what other crypto participants have told me. A clear set of rules, implemented without malice, would enable crypto participants to operate effectively, efficiently and… quickly.

Edited by Nick Baker.