![]() The committee had recommended a bar on cryptocurrencies in India, while the industry has called for regulations to avoid disrupting millions invested by companies. With rising interest in the higher interest around cryptos assets in the country, a new government committee is the new committee is reportedly being formed as the top authorities want Indian government which wants to revisit the recommendations made by the Subhash Garg Committee in 2019. According to a recent report by India’s industry association, Indian users currently hold crypto assets worth more than $1.5 Bn and their daily trades in crypto are worth $350 Mn-$500 Mn. The number of active users is currently approximately 15 Mn, while the number of blockchain startups in this space has gone up from 100+ in 2018 to 300+ in 2021. The concept of Polygon’s sidechains ensures that users do not have to suffer with slow transaction speeds and costs as an infinite number of sidechains can be created along existing blockchains if the pre-existing sidechains also get congested.Īs the global user base of cryptocurrencies and crypto assets has surpassed 200 Mn, India crypto industry has also registered a record jump in the number of crypto adopters. It was created to function as an alternative to Ethereum’s blockchain or to create ‘sidechains’ along Ethereum’s network to overcome some of its issues. Polygon is a layer 2 scaling project created by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic in 2017. Polygon’s native token Matic has crossed a market cap of over $10 Bn and is among the top 20 crypto coins globally. ![]() US-based investor and entrepreneur Mark Cuban has invested an undisclosed amount in Polygon, an Indian cryptocurrency platform that aims to provide faster and cheaper transactions on the Ethereum blockchain. Polygon claims adoption across 250+ apps, almost 76 Mn transactions and almost 790,000 unique users Polygon crossed the market capitalisation of $13 Bn on May 18 ![]() That remark also indicated that the billionaire holds Bitcoin, Ethereum, and Litecoin, which is rather unsurprising.Mark Cuban has invested an undisclosed sum into Polygon and is integrating the platform into another portfolio company called While this was not clearly Cuban, this Reddit remark has actually apparently verified this. Additional analysis discovered that another wallet in the network of Cuban held SUSHI. This confirms analysis done by on-chain trackers who noted last week that a wallet affiliated with Mark Cuban held AAVE, along with capital staked in the protocol itself. In the Reddit post, he was inquired about his existing holdings in the crypto space.Ĭuban reacted by noting that he currently holds AAVE and SUSHI, the native coins of Aave and SushiSwap, respectively. ![]() Whats interesting is that rather of hosting the “Ask Me Anything” on the AMA Subreddit, he opted to do it on WallStreetBets, which has actually seen a parabolic explosion In a current Reddit “Ask Me Anything” post, Cuban confirmed that he has actually been dabbling heavily in the DeFi space, doubling down on his Twitter posts on the topic. You need to learn from your trading experiences /qkKCbJ1SA2īillionaire investor Mark Cuban has actually been under the microscope in the crypto space over the previous couple of weeks as he has actually started to tweet more about Bitcoin, Ethereum, and now even decentralized finance tokens to his over 8 million fans.Ĭuban has long been asked about Bitcoin, being a popular financier and a popular media figure due to his participation in projects like “Shark Tank.” He particularly indicated the strength of Bitcoin HODLers (yes, he utilized the term “HODLers”), keeping in mind that the truth they had conviction in BTC enabled them to generate income even if they bought the top of the 2017 rally near $20,000. He added that he thinks DeFi is among the markets, along with nanotechnology, green innovation, and other brand-new innovation classes, that have the prospective to “take off in the next 10 years.”Ĭuban likewise imparted some more comments about the more comprehensive state of the crypto area. The post Billionaire Mark Cuban discusses Aave, SushiSwap, and DeFi appeared first on CryptoSlate.Title: Billionaire Mark Cuban discusses Aave, SushiSwap, and DeFiSourced From: /billionaire-mark-cuban-talks-about-aave-sushiswap-and-defi/Published Date: Wed, 12:15:52 +0000. The views displayed in this post are viewpoints of the author– and the author only. ParaFi Capital might hold positions in properties discussed in this short article. He likewise spoke to the more comprehensive GameStop circumstance, relatively suggesting that he is ideologically lined up with the WallStreetBets group and the DeFi space by rather of an extension.ĭisclaimer: This author is an expert at ParaFi Capital.
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