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Soft Fork: How’s BinanceDEX doing so far?

It’s been over two months since Binance launched its “decentralized” cryptocurrency exchange, BinanceDEX along with its native, CZ-validated, Binance blockchain. Out of curiosity, I decided to take a quick look at how the exchange has been doing since its hype-filled launch. Since launching, BinanceDEX has…

An analysis of Bitcoin UTXO consolidation

Bitcoin employs the unspent transaction output (UTXO) model for keeping track of asset ownership in its network. All transactions made on Bitcoin have an input that references a previous unspent output. When users want to transfer bitcoins, their wallet adds up a set of unspent…

Money 2.0 Stuff: Fork your mother if you want to fork

Zcash Here is a very simple three-period model for cryptocurrency development financing:  1. A team raises money through some kind of fundraising process 2. A team bootstraps development and relies on patronage and donations 3. A team allocates itself some percentage of the protocol’s rewards …

Skeptic’s lens: Volatility is a feature, not a bug?

Apart from being a censorship-resistant store of value, Bitcoin’s main use case is trading. What most people, including the media, don’t understand is that’s not inherently a bad thing.  Bitcoin’s economic activity continues to be dominated by trading on exchanges. Why? Because as opposed to…

Correlation between cryptocurrency prices is decreasing, but still strong

Cross-asset correlations are still high, but they seem to be decreasing, according to new analysis by The Block.  A major issue for cryptocurrency investors is the inability to truly diversify their cryptocurrency holdings. When the price of one cryptocurrency falls, generally the majority of other…

Mad Crypto: Libra was just the cherry on top of this rally

This post first appeared in Frank Chaparro’s weekly column “Mad Crypto,” which is sent to Genesis members’ inbox every Monday morning.  Pundits and media professionals often struggle to pinpoint the Holy Grail behind each bitcoin price increase. And the 17.2% increase this past week to…

An analysis of Wrapped Bitcoin

Wrapped Bitcoin (WBTC) is an Ethereum token launched on Jan. 31 as an attempt to bring the liquidity effects of bitcoin (BTC) into the Ethereum ecosystem. WBTCs are backed 1-to-1 by BTC secured by centralized custodians. WBTC’s token contract is governed by a multi-signature contract…