Year In Crypto #2: Top Personalities of 2021

Company

GETBLOCK

December 24, 2021

5 min read

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The year of 2021 in crypto will be remembered for the regulatory crackdown in China, NFT and ‘Play-to-Earn’ manias, new Bitcoin ATH, Ethereum’s EIP 1559, and so on.

But crypto is all about great minds and passionate souls in it. As such, let’s recall the heroes of 2021 in our second digest.

Changpeng ‘CZ’ Zhao

Suffering from desperate regulatory attacks, Binance remains #1 crypto ecosystem in the world

For Changpeng Zhao, CEO and co-founder of Binance (BNB) cryptocurrencies ecosystem, this year wasn’t all roses. Starting from Q2, 2021, the regulators across the globe went full China: one after another, they started to issue the orders to reiterate that Binance aren’t allowed to deliver the services in this or that country.

While the exact structure of how Binance is incorporated legally remains unknown, Binance was forced to reconsider its strategy of interacting with regulators. The exchange stopped delivering derivatives trading services in some countries (EU, South Africa) or restricted new users registration (in Singapore). Also, it implemented mandatory KYC which surprisingly resulted in only a 3% user base decline.

Despite being under fire, Binance still remains number one in crypto: its CEX is the absolute champion in terms of trading volume while Binance Smart Chain - in spite of severe criticism - remains one of the top smart contracts platforms.

As GetBlock covered previously, local China media outlets estimated Binance’s CEO net worth at eye-watering $90,000,000,000. Even if this number is heavily exaggerated, CZ did well in 2021.

Sam Bankman-Fried

‘Richest Person in Crypto’ (Forbes) is ready to buy SOL at $3

Sam Bankman-Fried, CEO and founder of crypto derivatives exchange FTX, is the only crypto personality included into the inaugural edition of Forbes 30 Under 30 Hall of Fame. A year ago he appeared in this rating among a small cohort of other blockchain entrepreneurs.

In 2021, his FTX exchange secured a jaw-dropping $900 mln in the latest funding round; its valuation rocketed to $18 billion. This is the second-largest fundraising in crypto, surpassed only by NYDIG’s strategic round. Paradigm and Sequoia Capital led this round with more than 60 VCs also backing FTX in its fundraising efforts. For $135 million, FTX has secured the rights to rename the home stadium of NBA team Miami Heat into FTX Arena.

At the same time, last year, Mr. Bankman-Fried (or SBF) made headlines thanks to its support for Solana (SOL), the best performing Ethereum (ETH) killer of 2021.

On January 9th, 2021, he responded to pseudonymous crypto influencer CoinMamba who claimed that SOL is overbought at $3.

Company

GETBLOCK

December 24, 2021

5 min read

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