Prizmabet

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.

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.

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!

Russian Lawmaker Proposes Creating Strategic Bitcoin Reserve: Report

Anton Tkachev proposed “assessing the feasibility of creating a strategic BTC reserve in Russia by analogy with state reserve in traditional currencies.”

A deputy in the Russian parliament proposed the creation of a strategic bitcoin (BTC) reserve to tackle sanctions imposed on the country, state-owned news agency Ria reported on Monday.

Anton Tkachev of the New People party, which formed in 2020 and has 16 out of the 450 seats in the State Duma, asked Finance Minister Anton Siluanov to “assess the feasibility of creating a strategic bitcoin reserve in Russia by analogy with state reserve in traditional currencies.”

Story continues below

The reserve would help counter the threat posed to Russian financial stability by sanctions, inflation and the volatility of traditional currencies that the country holds, such as the Chinese yuan, U.S. dollars and the euro, according to the proposal.

“In conditions of limited access to traditional international payment systems for countries under sanctions, cryptocurrencies are becoming virtually the only instrument for international trade,” Tkachev said in the proposal.

The proposal appears to echo U.S. President-elect Donald Trump’s plan to establish a strategic BTC reserve as a store of value to alleviate the pressures of the country’s national debt.

Microsoft Shareholders Vote Down Bitcoin Treasury Proposal

The negative vote was expected even as MicroStrategy Executive Chairman Michael Saylor tried to convince Microsoft shareholders otherwise.

Microsoft (MSFT) doesn’t appear to be adding its name anytime soon to the list of corporate entities holding bitcoin (BTC) after its shareholders voted against a proposal that would have directed the board of directors to study such a move.

Titled “Assessment of Investing in Bitcoin,” the proposal was put forward by the National Center for Public Policy Research. The think tank group suggested that Microsoft should consider diversifying 1% of its total assets into bitcoin as a potential hedge against inflation. According to the latest data by Bloomberg, Microsoft holds $78.4 billion of cash and marketable securities on its balance sheet.

Story continues below

The board last month had urged shareholders to vote against the proposal.

The preliminary vote result was announced minutes ago at the company’s annual meeting.

Shares of MSFT were trading for $446 in the minutes after the decision was announced, roughly flat for the day. Already under pressure on Tuesday, bitcoin prices fell a bit more following the news, now lower by 4% over the past 24 hours to $95,700.

Michael Saylor gets involved

A 3-minute presentation by Michael Saylor, executive chairman of Bitcoin Development Company MicroStrategy (MSTR), which has seen its stock price surge as much as 2,500% since adding bitcoin to the company’s treasury strategy more than four years ago, was meant to convince shareholders otherwise.

Saylor argued that Microsoft had surrendered $200 billion in capital over the past five years by issuing dividends and stock buybacks instead of purchasing bitcoin.

From the beginning, though, Microsoft’s board had concerns over bitcoin due to the inherent volatility of the asset. The company, according to the board, prioritizes stable and predictable investments to mitigate as much risk as possible.

XRP, APT, ADA Tumble Another 15%; Investors May Be Paring Longs Ahead of CPI Data

Bitcoin is again outperforming, sliding just 3% back to $95,000.

Cryptocurrencies continued to this week’s decline on Tuesday, with altcoins in near-freefall as bitcoin (BTC) slid further from the $100,000 level.

Among the worst-hit cryptos were XRP, Polkadot (DOT), Litecoin (LTC), Aptos (APT) and Cardano (ADA), down 15%-18% over the past 24 hours, extending Monday declines. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding memecoins, stablecoins and exchange coins — tumbled almost 10% Most cryptos in the index plunged by double-digit percentage amount at the minimum, though Ethereum’s ether (ETH) and Solana’s SOL fell just 8% and 9%, respectively.

Story continues below

Bitcoin, in comparison, held up relatively well compared to the rest of the market, dipping to $95,000 and down nearly 3% over the past 24 hours.

Cryptocurrencies had already plunged on Monday, triggering one of the largest leverage flushes in years liquidating over $1.5 billion of bullish derivatives positions. Tuesday’s fall so far forced $450 million in liquidations across all digital assets, mostly bullish bets, CoinGlass data shows. Open interest for bitcoin futures remains at record high at almost $58 billion, though it has decreased 6.8% from Sunday.

This week’s sell-off followed a month-long breakneck rally in crypto prices after Donald Trump’s election victory in early November. Some altcoin majors doubled or more in price, while bitcoin crossed the $100,000 threshold for time ever.

Bitcoin’s market cap dominance, which shows BTC’s share of the total cryptocurrency market, spiked to 57.9% on Tuesday, its strongest reading since late November, underscoring the general risk-off move from altcoins towards BTC.

The market moves could be in anticipation of inflation data coming on Wednesday, according to Youholder Chief of Markets Ruslan Lienkha. “The market anticipates a slight uptick in inflation,” he told CoinDesk in an email. “However, if CPI reveals figures higher than expected, it could intensify the ongoing correction across financial markets. In such a scenario, the timing and likelihood of Federal Reserve rate cuts will become a critical focus heading into the new year.”

Stocks, though, haven’t suffered the same way crypto has. After modest declines on Monday, the major U.S. average are flat today.

Companies Can Now Offer USDT Services in Abu Dhabi

Tether services can now be offered in the Abu Dhabi Global Market by authorized firms, the company said Tuesday.

Tether’s stablecoin USD₮ has been recognized as an accepted virtual asset in the Abu Dhabi Global Market (ADGM), the company announced on Tuesday.

The approval from the Financial Services Regulatory Authority means that companies which are licensed can offer pre-approved USD₮ services in Abu Dhabi’s Global Market. Though, the release did not say what those approved services might be. CoinDesk reached out to Tether for comment.

Story continues below

Tether ‘s USD₮ exceeded a $138 billion market cap but the company wants to continue advancing its growth, the statement said.

“By bringing USD₮ to the forefront of ADGM’s regulated virtual asset framework, we are not only validating the importance of stablecoins as critical tools for modern finance but also opening new doors for collaboration and growth across the Middle East,” said Paolo Ardoino, CEO of Tether, in a press release.

The United Arab Emirates has been praised for being a crypto hub. Abu Dhabi, its capital, started regulating crypto activities including those undertaken by exchanges and custodians in 2018 ahead of most regulators. The European Union will begin enforcing its rules in the coming days and the U.K. by 2026.

Circle, another stablecoin issuer, is also diving into the Middle East after incorporating a company in the ADGM, it said in a statement.

XRP Rallies 10% as Ripple’s Stablecoin Gets Regulatory Approval, CEO Garlinghouse Says

The approval is a necessary step towards the public launch of the RLUSD token, which is currently in test mode on Ethereum and XRP Ledger.

XRP, the native token of the XRP Ledger (XRPL) network, surged during the U.S. afternoon hours on Tuesday as Ripple CEO Brad Garlinghouse said the company’s much-anticipated stablecoin obtained regulatory approval from the New York Department of Financial Services.

“This just in…we have final approval from NYDFS for RLUSD! Exchange and partner listings will be live soon,” Garlinghouse posted on X.

Story continues below

XRP rallied 10% following Garlinghouse’s announcement in a broader crypto market bounce, erasing today’s losses. The token was up 6.8% over the past 24 hours, outperforming bitcoin (BTC) and the broad market CoinDesk 20 Index. The XRPL network was developed by engineers who later established Ripple, and the company has long been associated with products and services using the token.

Ripple laid out its plans in April to enter the quickly growing stablecoin market with its heavily regulated, short-term U.S. government bond-backed cryptocurrency. Stablecoins are a key piece of infrastructure in the crypto economy, and increasingly used for global payments, which is one of Ripple’s business focuses. The two largest issuers, Tether (USDT) and Circle (USDC), currently dominate the almost $200 billion stablecoin market. The sector, however, is forecasted to grow to trillions of dollars over the next few years, and Ripple is vying for a piece of that.

With RLUSD, Ripple strives to leverage the company’s established position for payments services among institutions and serve as a key intermediary for real-world asset tokenization, Ripple President Monica Long told CoinDesk in an interview in October. Tokenization is a red-hot trend in crypto to place traditional financial instruments on blockchain rails for more efficient transactions.

RLUSD is in beta testing on the XRP Ledger and Ethereum networks. Ripple’s Long said earlier that the token has been “operationally ready,” only awaiting approval from regulators for the token’s public launch.

There are currently $41.7 million worth of RLUSD tokens on Ethereum and $10.4 million on XRPL, data compiled by analytics firm CryptoQuant shows.

El Salvador and Argentina Regulators Sign Agreement to Help Develop Crypto Industry

Regulators from both countries are looking to collaborate to foster crypto innovation.

El Salvador and Argentina are partnering to help develop the crypto industry in Latin America.

Story continues below

Juan Carlos Reyes, El Salvador’s top crypto regulator and president of the Comisión Nacional de Activos Digitales (CNAD), and Roberto Silva, the president of the Comisión Nacional de Valores of Argentina (CNV), on Tuesday signed an agreement for the two countries to collaborate on crypto regulation.

“At CNAD we have two core objectives, when it comes to international collaboration,” Reyes told CoinDesk in an email. “To share our expertise with international partners, enabling them to harness the benefits of a well-regulated industry. … [And] to broaden the international footprint of our regulated companies by forging strategic partnership agreements with nations worldwide.”

“This landmark agreement with Argentina holds particular significance, given the country’s standout reputation for pioneering innovative technologies and its remarkable rate of adoption,” Reyes added.

While the details of the deal are still unknown, Reyes stated on LinkedIn that the agreement aimed to enable the two regulatory bodies to share knowledge and experience, to spur crypto innovation.

“The joining of efforts between El Salvador and Argentina will lay the foundations for greater regional cooperation, promoting a favorable environment for the development of the digital asset industry,” he wrote.

Reyes previously told CoinDesk that El Salvador had a head start on most countries in terms of crypto regulation thanks to President Nayib Bukele making bitcoin legal tender in the Central American nation.

Argentinian President Javier Milei, meanwhile, has been ideologically open to cryptocurrencies and bitcoin and is popular among Argentinian crypto developers for his inflation-mitigating policies.

XRP Outperforms Bitcoin, Dogecoin Extends Slide Ahead of U.S. CPI

XRP whale exchange deposits hit a six-month high early Tuesday, indicating short-term bearish pressure.

XRP outperformed bitcoin and other major cryptocurrencies, with dogecoin (DOGE) leading losses in the past 24 hours before the release of U.S. inflation data later Wednesday.

Bitcoin (BTC) remained steady around $98,000, while ether (ETH), BNB Chain’s bnb, and Cardano’s ADA fell by as much as 2%. Memecoin DOGE dropped 4%, even as shiba inu (SHIB) and floki (FLOKI) rose 1%. The broad-based CoinDesk 20 added 0.69%.

Story continues below

The U.S. Bureau of Labor Statistics is due to release November’s consumer price index (CPI) at 8:30 a.m. ET (13:30 UTC). Federal Reserve Chair Powell has said that incoming economic data will heavily influence interest-rate decisions —which may impact crypto markets in the new year. The previous month’s data showed that inflation remained a concern for the Fed.

XRP, meantime, surged as much as 7%, reversing losses since Monday, after related company Ripple Labs said it had received “final” regulatory approval to offer the RLUSD stablecoin in the U.S.

The stablecoin will be issued on both the XRP Ledger and Ethereum networks, and could be used on decentralized finance (DeFi) applications that involve XRP, boosting the ecosystem.

Before the announcement, deposits from XRP whales to exchanges hit a six-month high early Tuesday, indicating short-term bearish pressure. Over the past 30 days, more than 2.66 billion XRP tokens moved to Binance, data from CryptoQuant shows. That is the most since April 2024.

“The large inflows suggest that big XRP holders are actively transferring XRP over the network,” CryptoQuant independent analyst maartunn said in a post. “Whale deposits can often signal potential shifts in strategy, as these players have significant amounts of assets at their disposal.”

Large movements of XRP to Binance preceded price drops in November 2023 and April 2024.

Italy Set to Scale Back Planned Tax Hike on Crypto Capital Gains: Reuters

The tax increase will be significantly reduced during parliamentary work, lawmakers said.

Italy is set to trim its planned tax increase on crypto capital gains, Reuters reported on Tuesday.

Two months ago, the government was intent on raising the tax to 42% from 26% by the end of December.

Story continues below

“The tax increase will be significantly reduced during the parliamentary work,” lawmakers Giulio Centemero and Federico Freni, a junior minister at the Treasury, said in a statement according to Reuters.

The decision to increase the capital gains tax was inspired by the rising popularity of investments in crypto, especially bitcoin, which climbed above $100,000 last week. The “phenomenon is spreading,” Deputy Finance Minister Maurizio Leo told Bloomberg in October after announcing the news.

CoinDesk reached out to Centemero and Freni for a comment.

Trader Turns $2.5K Into $200K by Buying XRP With 500X Leverage

The position was dangerously close to liquidation before XRP moved to the upside.

A trader turned $2,500 into $200,000 by buying XRP futures with 500x leverage on cryptocurrency exchange Rollbit on Tuesday.

XRP jumped by 26% during U.S. trading hours after Ripple Labs, the company behind XRP, received “final” regulatory approval to offer the RLUSD stablecoin in the U.S.

Story continues below

The savvy trader opened a position worth $2,560 when XRP was trading at $1.9025 and the amount of leverage meant that the position would have been liquidated if price slumped below $1.9004. The position was closed gradually between $2.13 and $2.29, netting a realized return of around 7,500%.

XRP is trading at $2.34 as it continues to outperform the wider market. It is up by 301% in the past 30-days, TradingView data shows.

It’s worth noting that trading with 500x leverage is a tremendous risk as the volatile nature of cryptocurrencies means that the position will be liquidated most of the time. Rollbit’s XRP market has racked up $186 million worth of volume over the past 24-hours and offers up to 1000x leverage.