1inch Network co-founder to crypto newbies: Dont trust anyone, verify | PBW 2023

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2 years ago

March 23, 2023

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1inch Network co-founder Sergej Kunz highlighted that mass adoption means people understand the noncustodial way. 289 Total views 8 Total shares Listen to article 0:00 Interview Own this piece of history

Collect this article as an NFT Sergej Kunz, the co-founder of decentralized finance (DeFi) protocol 1inch Network, sat down with Cointelegraph reporter Joseph Hall at Paris Blockchain Week 2023. The duo discussed various topics, including the limitations of investing for ordinary people, what mass adoption looks like and big companies jumping into the Web3 space.

Starting the interview, Kunz spoke about what people on the street may be interested in regarding the Web3 space. According to the 1inch executive, people are often very interested in putting their money where they will not lose it, and how to earn passively with their funds. However, Kunz explained that there are many limitations for your average investor. He said:Right now, you are very limited as a person, a normal person out there. You are very limited in products where you can invest. […] Just for example, for my daughter, I was asking the local bank in Germany to provide some products, but they couldnt even offer bonds.

Kunz also expressed some frustration about the potential earning percentages for bonds. Right now, you get like four percentage to five percentages for United States bonds, and they couldnt even offer this, he added. 1inch Networks Sergej Kunz sat down with reporter Joseph Hall to talk about the state of the crypto industry. Source: Cointelegraph

Besides limitations for investors, Hall and Kunz also discussed how people currently perceive the crypto space and what mass adoption looks like from Kunzs perspective. According to the 1inch co-founder, while people may think of crypto as a place to buy and sell digital assets, there are many more things within the space.

We have a decentralized computer around the globe where you can deploy applications that can be used by everyone and right now in a permissionless manner, he explained.

Related: Tether CTO on USDC depeg: Bitcoin maxis were right all along | PBW 2023

When asked about his teams thoughts on what mass adoption looks like, Kunz explained that peoples understanding and education would be the key to achieving this. He explained: As soon as we have people who understand the noncustodial way, this easy approach to interact with a lot of different services and also this easy way to pay for a coffee by scanning your QR code and paying with an Ethereum transaction. Then, we achieved mass adoption from our point of view.

Sharing his final thoughts on the interview, Kunz gave advice to those new to the DeFi space. Everyone who is new in this space, dont trust anyone. If someone tries to sell you anything, dont trust, verify, he said. According to Kunz, reading and getting knowledgeable before investing anything in DeFi or crypto would be best.

Magazine: Unstablecoins: Depegging, bank runs and other risks loom #Event #Decentralization #Paris #Adoption #DeFi

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Soulja Boy arrested on suspected weapons charge during traffic stop

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7 mins ago

August 4, 2025

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Soulja Boy arrested on suspected weapons charge during traffic stop

Soulja Boy has been arrested and charged with possession of a firearm during a traffic stop.

The rapper, whose real name is DeAndre Cortez Way, was a passenger in the car that was stopped in the Fairfax area of Los Angeles early on Sunday morning, the LAPD said.

“A passenger was detained and police arrested DeAndre Cortez Way for being a convicted felon in possession of a firearm,” the statement added.

Possessing a firearm as a convicted felon is a felony.

The 35-year-old was booked into jail in the LAPD’s Wilshire Division shortly after 6am. It is not clear if he has since been released.

Police did not provide information on what prompted the traffic stop and who else was in the vehicle with Way.

Soulja Boy is yet to publicly comment on the incident.

Soulja Boy is best known for his 2007 hit Crank That, which topped the Billboard Hot 100 for seven weeks and landed him a nomination for best rap song at the Grammys.

The rapper was arrested and charged with a felony in 2014 for carrying a loaded gun during a traffic stop in LA.

In April this year, the Chicago hip-hop artist was ordered to pay more than $4m (£3m) in damages to his former assistant after being found liable for sexually assault, as well as physically and emotionally abusing them.

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Rodriguez makes history with another 20-20 year

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1 hour ago

August 4, 2025

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Rodriguez makes history with another 20-20 year

ESPN News Services

Aug 3, 2025, 07:04 PM ET

SEATTLE — Julio Rodriguez homered to become the first player in major league history with 20 or more home runs and 20 or more stolen bases in each of his first four seasons, and the Seattle Mariners beat the Texas Rangers 5-4 on Sunday.

Rodriguez hit a two-run shot in the third inning — his 100th career homer — and the slugging and speedy center fielder also added his 21st stolen base of the season after singling in the fifth inning.

“That’s a very big accomplishment,” Rodríguez told reporters, according to MLB.com. “I know my family’s very happy, and I’m sure they’re thinking of all the things I had to do to be able to get here. To be able to do it with this team and this organization is awesome. I’m just excited to see where things are going to go from here.”

Jorge Polanco added a solo shot in the second, and shortstop J.P. Crawford smacked a two-run blast in the fourth against Rangers starter Jacob deGrom (10-4), who became the fastest pitcher in major league history to reach 1,800 career strikeouts by games and innings Sunday.

The Rangers kept things close by pushing across three runs against Mariners starter Logan Evans (5-4), but tallied only one run against the Mariners bullpen before closer Andrés Muñoz locked down his 25th save of the season.

The Associated Press contributed to this report.