Steven Zheng

Steven Zheng is Head of Research for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin.

Coinbase Company Intelligence Report

As the most prominent U.S. cryptocurrency exchange, Coinbase is often viewed as the poster child of the burgeoning cryptocurrency industry. The Block Research presents a company profile dive into the exchange.
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Feb 25, 2021, 6:44PM UTC

Bitstamp Company Intelligence Report

Company Overview Few cryptocurrency exchanges have as rich of a history as Bitstamp. As one of the largest and oldest exchanges in the industry, Bistamp has survived multiple hacks, regulatory scrutiny and the extreme price volatility commonly associated with cryptocurrencies. Established in 2011, Bitstamp is headquartered in Luxembourg, with offices in the United Kingdom and […]
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Feb 11, 2021, 7:04PM UTC

DeFi Digest: Yearn.Finance's mergers

Over the past week, we saw a slew of merger-like activity announced by Yearn.Finance (Yearn) starting with Pickle Finance and ending, at the time of this writing, with SushiSwap. Of course, unlike the typical mergers and acquisitions seen in traditional markets, there are no purchases of assets and offers to the acquiree. Instead, Yearn’s actions […]
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Dec 3, 2020, 12:00PM UTC

DeFi Digest: Dark Forest and ArcherDAO

Dark Forest: Gaming with zkSNARKS Dark Forest is a real-time strategy game built on Ethereum with an interesting feature made possible by zkSNARKS:  incomplete information. Incomplete information games are those in which no players have complete knowledge of the gaming environment. Poker is a good example: players don’t know what cards their opponents are holding. An […]
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Oct 14, 2020, 9:47PM UTC

September by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

Adjusted on-chain volume Total adjusted on-chain volume, which is a proxy for economic throughput, saw an increase of 18.4% in September, a 31-month high. The increase was primarily the result of Ethereum’s on-chain volumes. Bitcoin’s on-chain volume decreased by 4% (from $80.9 billion to $77.7 billion) while Ethereum’s increased by 60.1% (from $43.7 billion to […]
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Oct 12, 2020, 9:51PM UTC