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Daniel Larimer, the chief technology officer of crypto project Block.one, announced his resignation on Sunday. 

In a blog post, Larimer said that he resigned from the project at the end of last year, noting that “all good things must come to an end.”

Block.one, which is the firm behind the EOS blockchain, raised $4 billion to build out a rival to Ethereum. Larimer has been with the company since April 2017.

“I will continue on my mission to create free market, voluntary solutions for securing life, liberty, property, and justice for all,” Larimer wrote. “I do not know exactly what is next, but I am leaning toward building more censorship resistant technologies.”

Still, Larimer said that he will turn his attention to creating tools that allow people to “secure their own freedom.”

In a previous blog post, the technologist said that he would boycott Twitter because he felt that its censorship “has gotten out of control.” The social media site suspended President Donald Trump’s account following an insurrection on Capitol Hill that many believe the president instigated.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

In 2020, December eclipsed November for all-time highs in bitcoin future and options trading volumes, according to data organized by The Block. 

Bitcoin futures trading volumes reached $1.06 trillion in December, increasing 21.6% from November. Binance had the most futures trading volume for bitcoin at 27.9%, followed by Huobi (22.8%) and OKEx (15.4%). 

Bitcoin options volume grew 18.9% from November to December. Deribit held 82.1%, bit.com had 7.88%, and OKEx retained 7.3% of the total $17.89 billion bitcoin options volume. 

For the other all-time highs December held, subscribe to The Block Research.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

A decentralized finance (DeFi) project is gearing up to debut a token that aims to allow users to capture the value of the entire $1 trillion cryptocurrency market. 

Led by Ethereum 2.0 developer and Prysmatic Labs founder Preston Van Loon and Joe Sticco, Cryptex is set to launch the mainnet of its token TCAP this quarter. Already, the firm has lined up 500 users for its testnet, including a number of liquidity providers in the US.

In a sense, the project is looking to capitalize on a wider trend underway in the digital asset space: offering a product that provides exposure to a wide-range of crypto-assets. TCAP captures the value of more than 2,000 tokens and moves in line with the broader market.

S&P Global and Cboe Global Markets are currently setting the foundation for new index products that would give investors exposure to the market. Cryptex says its offering is uniquely decentralized, given that the pricing data that informs the price of the token is derived from Chainlink oracles. Leveraging these oracles, Cryptex is able to aggregate data across several data providers into one smart contract.

“The beauty of working with Chainlink is they provide us with decentralized total crypto market cap data, which, via the TCAP smart contract, we can then algorithmically match up on chain to cross-asset collateral for creating not only our initial TCAP token but a forthcoming lineup of fully decentralized data-backed financial tokens for the entire ecosystem,” commented Sticco. 

Looking to the future, the project plans to roll out a slew of tokens tied to metrics like bitcoin’s market dominance, 24-hour trading volumes, ETH hash rate, and ETH gas. Trading desks that have expressed interest in trading the token see an arbitrage opportunity.

“Minting TCAP will provide arbitrage opportunities to the UNI pools depending on the price of TCAP there, which as you know will also have a supply and demand element to it,” Sticco added.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.