We Still Don’t Know Bitcoin’s Real Volume

Galen Moore is a Senior Research Analyst at CoinDesk. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. Fake volume became one of crypto assets’ leading narratives of 2019, as a U.S. regulatory application for an exchange-traded product (ETP) followed the work of earlier […]

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Decentralized Liquidity Is the Backbone of DeFi

StarkDEX, on the other hand, uses state-of-the-art cryptographic STARK proofs to take on-chain transactions, process them off-chain, and then batch them back on-chain in order to increase throughput. The challenges of this method are purely technical, rather than social, as with Unipig (where you just have to get others to supply more liquidity over time). […]

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Bitcoin Volatility Is Up, Liquidity Stagnant

Liquidity providers are not rushing in. To measure market makers’ enthusiasm for bitcoin, we turn to network data: the aggregate balances of exchange wallets, as a percentage of bitcoin’s total supply. This measure of exchanges’ bitcoin flows shows some responsiveness to volatility. Year-to-date highs were set in late May and early July, when volatility was […]

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Four Insights on Crypto Liquidity From Binance US and FTX

In crypto, it’s exactly the opposite, Bankman-Fried pointed out during our conversation. Exchanges are the biggest, the deepest-pocketed and among the most influential crypto firms operating today. In part, that’s because bitcoin and ethereum aren’t firms. In part, it’s because of crypto’s immaturity: speculating on the speculative activity of others is the only use case […]

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This New Lightning App Aims to Make Getting Paid Easier

A new app today has launched that aims to tackle the problem of “inbound capacity” on bitcoin’s lightning network. One of the challenges facing the still-in-development payment network centers around the need to have sufficient funds on the opposite end of their lightning channel, known as inbound capacity. Put more simply, users need to undertake […]

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