Everything web3, crypto, defi, degen
In brief AI coding startup Cognition is closing a $300M+ funding round, rocketing its “autonomous coder” Devin to a $10 billion valuation. Devin wowed Silicon Valley with viral demos, but critics say it still flubs real-world coding and needs human help. Investors keep piling in as agentic AI hype grows—despite bugs, flops, and open questions…
In brief GameSquare borrowed stablecoins against a recently acquired CryptoPunk. The rare CryptoPunks NFT was purchased from Compound founder Robert Leshner for $5.15 million worth of preferred shares. GameSquare owned 12,900 ETH, as of Thursday worth $48 million. GameSquare, a digital media company with an Ethereum treasury strategy, said Thursday that it acquired a rare…
Everyone thinks prediction markets are all about big money and quick trades. But what if the real edge isn’t speed or volume but rather the story behind a prediction?Prediction markets face the same fundamental problem: getting people to care enough to participate. Polymarket addressed this challenge by offering high‑stakes political markets that generated significant volume…
In brief Tether CEO Paolo Ardoino said his company fully intends to register its flagship USDT stablecoin via the newly-signed GENIUS Act. The company will also likely offer another, U.S.-specific stablecoin in the American market. Circle CEO Jeremy Allaire said he believes his company is nonetheless poised to particularly benefit from the passage of the…
By Nick Percoco, Kraken Chief Security Officer Each year, crypto conferences are growing larger and becoming more global. From New York to Dubai to Singapore, there are in-person opportunities to engage with peers across the crypto community. These gatherings are one sign that crypto has reached an inflection point in mainstream adoption. But with that…
By Ben Irving, Kraken Sr. Software Engineer Performance pain can make developers go the extra mile. In this blog post, you can learn from the performance issues we experienced at Kraken and how we embarked on a New Architecture adoption journey to solve those issues. Yes, there were speed bumps along the way. We learned…
For centuries, people have collected things. Some of these things may be nostalgic items like ticket stubs or lucky coins. Others might be especially rare items, like classic cars or limited-edition vintage watches. In many ways, the things we collect become a reflection of who we are. Whether they are physical objects we hold in…
One of the most misunderstood aspects of non-fungible token (NFT) ownership has steadily turned into one of its biggest draws. While some are solely focused on the media the NFTs represent, others are exploring what it means to be the rightful owner of that piece of media. Within most NFT collections, there is a fixed…
Representing real-world assets on the Bitcoin blockchain is nothing new. Over a decade ago, projects like the Colored Coin protocol and Counterparty exchange proved Bitcoin could track items, not just units of currency, in a decentralized way. However, consensus issues prevented either project from gaining widespread adoption in the market. Ethereum quickly took over as…
There has never been a dull moment in crypto, and this year was no exception. In 2022, Kraken celebrated 11 years of our mission to accelerate the adoption of cryptocurrency so that you and the rest of the world can achieve financial freedom and inclusion. It’s been quite a ride. Our singular focus on this…
