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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Matter Labs Unveils Layer-2 Scaling Solution for Ethereum Payments

Funds move between users inside the smart contract, which is orchestrated by validators and guardians. When a contract is open, validators package transactions into blocks. Elected by guardians, validators have a near-perfect probabilistic guarantee of participating honestly with safety features such as built-in collateral (to disincentivize cheating). Users also decide when a contract closes, sending […]

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Pompliano Joins Board of Blockchain-Based Lending Firm After $103M Raise

The raise brings Figure’s total funding to more than $225 million and values it at $1.2 billion, according to a company press release. Aside from Morgan Creek, which led the round, and MUFG, participants included DCM, Digital Currency Group, HCM Capital, Ribbit Capital, RPM Ventures and The Partners at DST Global. While the size of […]

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Crypto Lender BlockFi Rolls Out Zero-Fee Trading for Bitcoin, Ether, GUSD

The company would not disclose exact numbers, but, according to Prince, “tens of thousands” of people are now keeping their crypto with BlockFi, and more than 50 institutional players are borrowing from it. But that’s not enough for this venture capital-funded outfit: in addition to experienced crypto holders, BlockFi wants to attract first-time buyers, too. […]

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Stack Overflow VP Joins Crypto Lending Firm as Chief Product Officer

Cole leaves Stack Overflow, a resource site for programmers, where he’s been vice president of product since 2012. Becoming familiar with bitcoin that same year, Cole was tapped for the Wyoming Taskforce for his expertise on the subject and helped create state jurisdictional rules for bitcoin and blockchain adoption. Source link

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MARKETS DAILY: Casualties Ahead in the Cryptocurrency Mining Arms Race

Disclaimer Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. This article is intended as a news item to […]

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