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Knowing the developers: an analysis of Bitcoin Core

Often when we think of open-source software we think of a landscape with hundreds or even thousands of developers all freely working on a project. While it is true that with open-source anyone can write code and submit proposals, most of it works entirely off…

Mad Crypto: A post-Blockchain Week explainer about bitcoin’s price

This post first appeared in Frank Chaparro’s weekly column “Mad Crypto,” which is sent to Genesis members’ inbox every Monday morning.  Despite the surge in bitcoin’s price over the last month, I can happily report that this year’s Blockchain Week was far less focused on…

Analysis: BitMEX’s Insurance Fund now holds over $200 million

BitMEX’s Insurance Fund surpassed $200 million for the first time yesterday; holding 26,388 BTC, which is 0.15% of all bitcoins in circulation. BitMEX is an exchange for trading perpetual swaps, a type of derivatives contracts similar to futures contracts but without expiry dates and settlement.…

Soft Fork: The curious case of Q-coin

In 2002 Tencent Holdings, one of China’s Internet giants, launched its own digital currency, the Q-coin (sometimes referred to as QQ Coins) for its QQ social media platform. The Q-coin was a virtual currency used on Tencent’s many online gaming platforms. Chinese gamers would buy…

Inside IBM’s blockchain empire: a breakdown of the mission so far

Nestle; Volkswagen; Walmart; just three of the major brands that have signed up to IBM’s blockchain experiment, now nearly five years old. Relatively speaking, it’s ancient, “Big Blue” having been the first tech giant to comprehensively commit to the thrills of distributed ledger technology (DLT),…

BetterHash, an attempt to make Bitcoin mining more decentralized

One persistent problem in the Bitcoin ecosystem is the centralization of mining, specifically, in the hands of mining pools. Mining pools are entities through which bitcoin miners combine their computing resources (hash power) to coordinate mining activities. This process provides would-be individual miners with a…

What the bitcoin derivative markets are telling us

Macro Update Earlier this week our research highlighted institutional flows into the Grayscale Bitcoin Trust (only qualified accredited investors can invest directly in GBTC with a minimum investment of $50,000) reaching an all-time high. New data from both the CME Group and bitcoin ETP provider…

Mapping out Blockchange Ventures’ portfolio

Blockchange Ventures was founded in the Fall of 2017 by Ken Seiff, Caroline Kassie and Dr. Gavin Wood. The team invests in companies building the foundational “rails” of blockchain technology as well as companies defining new categories of business that could not exist without the…

Money 2.0 Stuff: Speculation + Scarcity = ??

Unisocks In retrospect, it was just a matter of time before I started speculating on the sock market. Do you mean the ‘stock market,’ the red squiggly thread underlining the word ‘sock’ suggests? Of course not! It’s the sock market, stupid. Here’s how it works:…

A look at Bitcoin’s ‘Coin Days Destroyed’

History of Coin Days Destroyed The concept of Coin Days Destroyed (CDD) was introduced in a 2011 Bitcoin Forum thread by user “ByteCoin” as an alternative to transaction volume. The logic behind the proposal was that CDD was a more appropriate measure of the economic…