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Sei’s co-founder Jay Jog explained how the blockchain edges Ethereum and Solana.  The founder explained Sei’s high speed, and how EVM makes it an attractive option for developers.  The Sei v2 upgrade is expected to pull more developers to the network. In a new interview with cryptocurrency YouTuber Anthony Pompliano, Sei Labs co- founder Jay Jog highlighted what makes Sei’s layer-1 blockchain unique compared to its competitors.  According to the founder , Sei’s EVM Parallelisation sets it apart from other layer-1 networks. Specifically, the infrastructure allows the blockchain to retain its high transaction speeds while also letting developers use the EVM.  Jog explained that while Ethereum Virtual Machine (EVM) is a landmark technology, it was not built with scaling in mind. On the other hand, Jog said Solana scales blockchains to support greater thoroughput. Piecing this together, the founder said the ultimate aim for Sei is to sc...

Matt Huang claimed that he had been under the impression that Alameda Research was not receiving any special treatment from FTX. According to Matthew Huang, the co-founder and managing partner of the crypto investment firm Paradigm, Sam “SBF” Bankman-Fried was strongly opposed to the idea of allowing investors to join the board of directors at FTX. This stance has raised eyebrows, especially among Paradigm and various venture capital firms like Sequoia, Temasek, and BlackRock, who all suffered losses due to their investments in the now-bankrupt crypto exchange. In response, they have faced scrutiny and subsequently issued statements regarding their involvement with FTX. During his testimony in a New York Federal Court on the third day of Bankman-Fried’s trial, Huang asserted that Bankman-Fried believed that having investors on FTX’s board of directors would not bring significant benefits. FTX’s board reportedly consisted of only three individuals: Bankman-Fried himself, an...

Recently returning from the Delphi Cosmos Hackathon, Sunny Aggarwal is impressed with the range of innovative developments in the Osmosis ecosystem he witnessed at the event. The co -founder of Osmosis, a cross-chain automated market maker on Cosmos, says he is “really happy with the results” and that there’s “a lot of cool stuff being built right now.” Speaking to Blockworks on the 0xResearch podcast (Spotify/Apple), Aggarwal says one particular application caught his eye. Although it was difficult to choose only one project demonstrated at the event, Aggarwal says his favorite , dubbed Night Market, showed the most interesting potential. Among the winners of the hackathon, Night Market is a “private trading pool,” Aggarwal explains, using “ZCash-style” shielding for depositing assets. The app enables users “to engage with protocols through swaps, staking, and [liquidity providers] while safeguarding their identity,” according to an Osmosis tweet. Loading Tweet.. Users can t...

As regulatory scrutiny and legal challenges mount against Binance, one of the world’s largest cryptocurrency exchanges, its co -founder Yi He commented on the situation to Bloomberg. Accused of operating illegally and falling short on compliance by U.S. financial watchdogs, binance is under investigation not only in the U.S., but also in other countries. Yi He, a major financial stakeholder in binance along with CEO and co-founder Changpeng “CZ” Zhao, had a significant influence in marketing binance during its early days. In a recent series of interviews, Yi He argued that the company is not the antagonist it’s portrayed as in the media. She acknowledged the importance of regulation for investor protection and expressed respect for regulatory institutions, thus highlighting a potential common ground between Binance and the authorities. However, Binance is not alone in this predicament. Various other significant crypto platforms are being scrutinized for...