An Analysis of DeFi Growth and NFT Hype
DeFi tokens remain a value driver on Ethereum with five of the top DeFi assets by returns appreciating between 200% to 700% over the past quarter. However, growth in total value locked in these applications has slowed considerably while value imbued onto non-fungible tokens (NFTs) on Ethereum has soared. In this 30-minute webinar, crypto analysts Noelle Acheson and Christine Kim discuss the performance of DeFi tokens and NFTs, their progress, milestones and value drivers over the past three months. Sign up and join us for our webinar on CoinDesk’s Quarterly Review Q1 2021.
Ethereum Developments In Q1 2021
Ethereum launched its highly anticipated proof-of-stake blockchain on Dec. 1, 2020. Over the last three months, the network has accumulated more than $6 billion worth of value in staked ether. Meanwhile, ether, the native cryptocurrency of the Ethereum and Ethereum 2.0 networks, reached new all-time price highs in January and February. In this 30-minute webinar, crypto analysts Noelle Acheson and Christine Kim discuss the performance of ether, its progress, milestones and value drivers over the past three months. Sign up and join us for our webinar on CoinDesk’s Quarterly Review Q1 2021.
[SPONSORED] How Institutions Will Accelerate Mainstream DeFi Adoption
The exponential growth of decentralized finance (DeFi) has arguably fueled the largest digital asset bull market in history. And outside of speculation, DeFi has also brought forth major progress in the widespread creation, access, and use of financial markets. In tandem with ongoing improvements to blockchain scalability and user experience, these decentralized technologies will continue to drive the digital asset ecosystem toward mainstream adoption. However, the primary catalyst for widespread DeFi access and opportunity will be participation from institutions around the world. During this event, Robert Leshner (CEO of Compound Labs), Tyler Spalding (CEO of Flexa), and Nathaniel Whittemore will discuss how DeFi infrastructure has already begun to transform traditional financial services and markets across global banks, merchants, and governments. Compound is the world’s largest decentralized money market, with more than $12B in assets supplied for borrowing. Flexa is the world’s largest pure-digital payments network, facilitating digital asset acceptance for Fortune 100 companies across the US and Canada with $500M of active decentralized collateral.
[SPONSORED] Why Institutions Are Adopting Bitcoin
As bitcoin prices rally in 2021, bitcoin continues to gain traction amongst institutional investors. Sponsored by CME Group, join Tim McCourt and industry experts Zac Prince from BlockFi and Jason Urban from Galaxy Digital for a live webinar and Q&A session as they dive into the driving forces behind the rapid growth in institutional interest and participation of bitcoin. The webinar will explore the state of the cryptocurrency derivatives market, factors impacting institutional adoption, and the latest developments in cryptocurrency risk management tools.
Bitcoin’s Market Performance In Q1 2021
Bitcoin’s market cap passed the symbolic $1 trillion mark this quarter after starting the year at a 12-month high. While prices were generally bullish for bitcoin throughout the quarter, the crypto asset’s market dominance measured as a percentage of total industry market capitalization continues at a downtrend, ceding ground to ether. In this 30-minute webinar, crypto analysts Noelle Acheson and Christine Kim discuss the performance of bitcoin, its progress, milestones and value drivers over the past three months. Sign up and join us for our webinar on CoinDesk’s Quarterly Review Q1 2021.
[SPONSORED] NFTs & the Next Phase of Mainstream Adoption
While celebrity involvement in NFTs and soaring valuations have recently generated mainstream media attention, over the past several years a new internet infrastructure has emerged that could transform the fundamental underpinnings of content creation, ownership and distribution. What does this infrastructure look like today and where is it going? Does it have what it takes to enable broad mainstream adoption? Beyond digital art and collectables, what are the next content types and industries to embrace the NFTs as core economic building blocks for their business? To answer these and other questions, Coindesk's Nathaniel Whittmore will host a webinar conversation with Fred Wilson (Union Square Ventures), Roham Gharegozlou (Dapper Labs), and Jeremy Allaire (Circle).
Bitcoin + Ether: Risks and Rewards
“There’s no reward without risk.” This is a familiar saying in the world of investing that is used to explain why certain financial assets with a high market volatility often result in higher returns for its holders. When looking at the emerging asset class of cryptocurrencies, the high returns of the two largest coins by market capitalization, bitcoin and ether, are certainly a byproduct of their volatility, which is itself a byproduct of something more complex. In this 30 minute webinar, Christine Kim and Noelle Acheson will give an overview of the unique risk/reward profile of the BTC and ETH. They will discuss the likelihood and long-term impact of various risk factors such as government regulation, technological upgrades and competition. The discussion will reference key findings featured in CoinDesk Research’s “Bitcoin + Ether: An Investor’s Perspective” report which can be downloaded for free from the CoinDesk Research Hub.
Bitcoin + Ether: An Investor’s Perspective
CoinDesk Research presents a comprehensive analysis of bitcoin and ether from an investment perspective. In this 30 minute webinar, Noelle Acheson and Christine Kim will give an overview of the investment case for the two largest crypto assets by market capitalization. They will also explain differences in the long-term value proposition of these two crypto assets, historical performance of bitcoin and ether in investment portfolios and other key metrics illustrating growing institutional interest. The entire discussion will reference key findings featured in CoinDesk Research’s “Bitcoin + Ether: An Investor’s Perspective” report which can be downloaded for free from the CoinDesk Research Hub.
[SPONSORED] Why Every Bank Will Have a Crypto Strategy
We find ourselves in the midst of a new crypto bull market. Unlike the last big bull cycle, this rally isn’t being driven by frantic retail speculators or breathless ICO visions. Instead, it is being shaped by the deliberate, considered move into the space on the part of institutional investors, corporations, and financial institutions for whom bitcoin, stablecoins, and digital assets of a whole have finally passed muster as not only a legitimate asset class, but one that is unignorable as well. Over the next few years, every bank and regulated financial institution will have a crypto strategy that is not some small “innovation” initiative, but instead represents a key forward looking strategic interest. Tune in to hear why.
[SPONSORED]DeFi on Bitcoin Revolution
2020 will be remembered as the year that we most heard about DeFi. For almost every day a new solution was offered, it was mainly focused on Ethereum. Now, ever since the early days of DeFi, enthusiasts have been asking whether Bitcoin will ever join the DeFi Revolution: RSK united Bitcoin and DeFi Ecosystems by expanding Bitcoin functionalities to enable smart contracts secured by merged mining, becoming the most secure platform for Decentralized Finance in the world. Multiple Open Finance projects are already building their DeFi solutions -available for Bitcoiners- such as Money On Chain (MOC), the first Bitcoin stablecoin, Sovryn, Bleumi, and RSKSwap among others.The DeFi Ecosystem built on top of Bitcoin has been growing steadily, with more products becoming available set to achieve broader adoption. In this webinar, we delve into which are the current opportunities around DeFi for Bitcoin and what we can expect for 2021.
[SPONSORED] What Every Crypto Business Needs to Know (and Do) About Regulation in 2021
What is your AML and financial crime risk strategy for 2021 and beyond? Are you sure your business is prepared ahead of new regulations coming down the pipe? This webinar is for crypto business leaders and will cover all you need to know and do to scale up your regulatory compliance operations and protect your business from being the target of financial crime. You’ll take away actionable insights to address in the boardroom and with your executive team to rally them around the matters that could make or break your growth strategy, reputation, and bottom line. -The most urgent regulations you need to prepare your business for now -What has the attention of regulator agendas in 2021 -Blockchain monitoring as a regulatory expectation -Gaining attention and action on regulatory compliance at the board and executive level
How to Value Ethereum: Transaction Volume
Transaction volumes on Bitcoin primarily represent the movement of BTC from one address to another. On Ethereum, however, transaction volumes represent the movement of a much more diverse array of crypto assets. By tracking the on-chain volume of specific ERC-20 tokens, investors can gain unique insights about the value of these tokens. In this fourth episode of our webinar series on Ethereum fundamentals, we look at the on-chain transaction volume of Ethereum and different Ethereum-based DeFi applications. We're joined by Jesus Rodriguez, CEO of IntoTheBlock. In a 30-minute webinar, Jesus and Christine Kim of CoinDesk Research will walk you through how transaction volume data is aggregated on Ethereum and how this metric can be applied to valuing different tokens and dapps.
How to Value Ethereum: Gas Costs
For many investors, a lack of understanding of Ethereum fundamentals is an obstacle. But this obstacle is an opportunity because Ethereum’s novel fee structure has enabled the development of new metrics that provide insight into network activity. In this third episode of our webinar series on Ethereum fundamentals, we look at gas costs. While this metric is used most commonly to measure transaction fees on the network, its unit of account and calculation methodology are less commonly understood. We're joined by Fredrik Haga, CEO of Dune Analytics. In a 30-minute webinar, Fredrik and Christine Kim of CoinDesk Research will walk you through what gas means, how to calculate it and apply it to valuing Ethereum. Sign up and join us for our webinar on How to Value Ethereum: Gas Costs.
How to Value Ethereum: Total Value Locked
Total value locked (TVL) has become the most common metric used to measure the growth of the decentralized finance (DeFi) industry on Ethereum. However, few understand the complexities behind accounting for the value moving into and out of DeFi. In this second episode of our webinar series on Ethereum fundamentals, we unpack the metric of TVL and explore its limitations. We’ll be joined by Ilya Abugov, lead analyst at DappRadar. In a 30-minute webinar, Ilya and Christine Kim of CoinDesk Research will walk you through the quirks of tracking DeFi activity on the Ethereum blockchain through TVL and related metrics. Sign up and join us for our webinar on How to Value Ethereum: Total Value Locked.
[SPONSORED] 2nd Generation DEXs, Stablecoins and the Future of Capital Markets
Third generation blockchains and regulated stablecoins, such as USD Coin (USDC) are giving rise to the next generation of Decentralized Exchanges. Combined, this new market infrastructure offers market participants the holy grail -- insanely fast, secure and global market infrastructure to trade anything without any counterparty risk. This new market infrastructure is giving birth to new global digital dollar money markets, and forging a path for other tokenized assets. Sam Bankman-Fried, Jeremy Allaire, and Nathaniel Whittmore will discuss the quantum leaps underway and how this new market infrastructure will transform capital, and its impact on the world economy.
How to Value Ethereum: Accounts
As we learned in our previous blockchain metrics webinar series, Bitcoin keeps record of all on-chain transactions through an accounting model known as the UTXO model. Ethereum operates on a different model called the account-based model. In this webinar, we look at Ethereum accounts, a concept similar to Bitcoin addresses but with its own novelties and complexities that are critical to understanding how Ethereum works. In the first webinar in the series, we’ll be joined by Joanes Espanol, CTO of Amberdata. In a 30-minute webinar, Joanes and Christine Kim of CoinDesk Research will walk you through the account-based model of Ethereum, and how transaction data is recorded.
[SPONSORED] Getting People Back to Work with Blockchain-enabled Learning and Employment Records
The rapid change towards a skills-based economy and new-collar jobs has been underway for years as both employers and employees adapt to new economic patterns reflected in the changing nature of work itself. Approaches to work and education have both changed to reflect that we no longer have one career, but many. The current approach to the talent market and education system for both job seekers and employers is stressed in handling the challenges of rapidly reskilling and re-employing workers at the same pace as changes in jobs. As we reimagine the workforce of the future and how to keep everyone’s skills current and relevant, there is a need to use advanced technology strategies such as learning and employment records, blockchain, augmented intelligence, and advanced analytics tools to help people navigate these changes. Our goal needs to be to empower tens of millions of learners to pursue and manage both their education and careers and greatly improve the way in which job seekers and employers connect.
[SPONSORED] Governance, Standards and Interoperability: Getting Past the Roadblocks to Peer-to-Peer Financial Transactions
Whether you are eyeing retail or wholesale CBDC opportunities or are looking at digital wallets, loyalty programs or other implementations of token-based transactions, you’ve no doubt realized that the technology infrastructure is just one part of the puzzle. It’s well documented that distributed ledger technologies can deliver on the mechanics of peer-to-peer transactions. The roadblocks are creating an ecosystem with a level of transparency and security that consumers, regulators and companies trust. The closer you move to central banks and fiat currencies, the higher the barriers to buy-in and deployment. In this panel, experts on three different Hyperledger DLT platforms compare notes about current and future token-based solutions from around the world. The conversations cover: -The role that standards and governance must play to successfully implement peer-to-peer financing applications and networks. -The core requirements for blockchain frameworks powering them. -The growing need for interoperability to support increasingly complex use cases.
How to Value Bitcoin: UTXO-Based Fundamentals, Part II
For many investors, a lack of understanding of bitcoin fundamentals is an obstacle. But this obstacle is an opportunity, as Bitcoin's novel structure has enabled the development of new metrics that provide insight into its value. In this fourth episode of our webinar series on Bitcoin fundamentals, we look at a set of metrics based on Bitcoin's UTXO accounting structure: specifically, collective profit & loss taking (CPLT), hodlwaves and in/out of the money analyses. We're joined by Yan Liberman, co-founder of Delphi Digital. In a 30-minute webinar, Yan and CoinDesk Research will walk you through these new metrics, how to understand them and apply them, and how they can be used to estimate bitcoin's value. Sign up and join us for our webinar on How to Value Bitcoin: UTXO-Based Fundamentals, Part II.
How to Value Bitcoin: UTXO-Based Fundamentals, Part I
For many investors, a lack of understanding of bitcoin fundamentals is an obstacle. But this obstacle is an opportunity, as Bitcoin's novel structure has enabled the development of new metrics that provide insight into its value. In this third episode of our webinar series on Bitcoin fundamentals, we look at a set of metrics based on Bitcoin's UTXO accounting structure: specifically, market value to realized value ratio (MVRV) and spent output profit ratio (SOPR). We're joined by Lucas Nuzzi, network data product manager at Coin Metrics. In a 30-minute webinar, Lucas and CoinDesk Research will walk you through these new metrics, how to understand them and apply them, and how they can be used to estimate bitcoin's value. Sign up and join us for our webinar on How to Value Bitcoin: UTXO-Based Fundamentals, Part I.
How to Value Bitcoin: Addresses
Bitcoin's unfamiliar fundamentals are a roadblock to many investors, and this extends to seemingly simple metrics like the number of Bitcoin addresses. In this second episode of our webinar series on Bitcoin fundamentals, we unpack the novel accounting method used in Bitcoin and explore how entities are represented and transact upon the network. We're joined by Philip Gradwell, chief economist at Chainalysis. In a 30-minute webinar, Philip and CoinDesk Research will walk you through the structure of Bitcoin addresses and wallets, how exchanges operate and how ownership data and transaction data can be interpreted by investors.
How to Value Bitcoin: On-Chain Transactions
How to place a value on bitcoin? Its data are unfamiliar territory for many investors. In a recent investor survey by a well-known financial institution, nearly half said a lack of fundamentals keeps them from participating. In this webinar, we look at on-chain transactions, a concept that sounds familiar but involves novelties and complexities that are critical to understanding how bitcoin works. We're joined by Rafael Schultze-Kraft, CTO of Glassnode. In a 30-minute webinar, Rafael and CoinDesk Research will walk you through the structure of a Bitcoin transaction, and how transaction data determines velocity, transaction count and value transferred.
[Sponsored] Market Makers & USD Coin: New Opportunities & Growth Drivers
Market makers have long been in the vanguard of stablecoin adoption, using digital dollars for trading capital, counterparty settlement, and base currency to rapidly move in and out of positions. Today, market makers are also using stablecoins, like USD Coin (USDC), to tap into new revenue opportunities, including yield farming, liquidity mining, and CeFi/DeFi lending markets. This webinar features a dialog with Circle CEO Jeremy Allaire and Nathanial Whittemore that examines these trends against the backdrop of global macro realities that have accelerated growth in dollar-backed stablecoins. Mr. Allaire illustrates how the Circle Business Account and platform APIs have emerged as a homebase for market makers who want to convert, trade, and custody USDC. A new program and offering from Circle aimed at market makers building and growing value with USDC markets is presented.
[Sponsored] Building and Scaling Blockchain Solutions for the Greater Good
Join us for an engaging panel to hear how IBM Blockchain solutions are being used to help corporations deliver technology for social good and for a variety of industry solutions. IBM further enhances your ability to build blockchain networks anywhere. IBM Blockchain Platform software is optimized to deploy on Red Hat OpenShift, Red Hat’s state-of-the-art enterprise Kubernetes platform. This means clients now have even more flexibility when choosing where to deploy blockchain network components whether on-premises with System Z, in public clouds, or in hybrid cloud architectures. The software includes the tools to build, operate, govern and expand blockchain networks. You can withdraw your marketing consent at any time by submitting an opt-out request by clicking here. Also you may unsubscribe from receiving marketing emails by clicking the unsubscribe link in each email. More information on our processing can be found in the IBM Privacy Statement. By submitting this form, I acknowledge that I have read and understand the IBM Privacy Statement.
How to Value Bitcoin: Bitcoin Days Destroyed
How to place a value on bitcoin? Its data are unfamiliar territory for many investors. In a recent investor survey by a well-known financial institution, nearly half said a lack of fundamentals keeps them from participating. In this webinar, we look at one of the first and oldest unique data points to be developed by crypto asset analysts: Bitcoin Days Destroyed. We're joined by Lucas Nuzzi, a veteran analyst and a network data expert at Coin Metrics. In a 30-minute webinar Lucas and CoinDesk Research will walk you through the structure of this unique fundamental, and demonstrate some of its many applications. Sign up to watch the full recording of our webinar on How to Value Bitcoin: Bitcoin Days Destroyed.
The Bitcoin Halving: A Fundamental Shift or a Technical Non-Event?
CoinDesk Research examines the expectations, models and potential reactions as bitcoin's third halving approaches. We also discuss miner economics, the role of hardware technology and the impact that geopolitical shifts could have on the network’s structure.
CoinDesk’s Quarterly Review Q1 2020: A World In Crisis
March 12 changed how investors look at crypto markets and assets, shook out some participants and left others unmoved. The CoinDesk Quarterly Review is a crypto assets analysis of how the narrative has changed for blue-chips like Bitcoin and Ethereum, which assets outperformed, and how the participants in crypto markets are shifting in the wake of Q1’s defining event. Will Bitcoin move beyond “digital gold? Is ether viable as money? In 24 charts, CoinDesk Research shows what happened to crypto assets in Q1 2020 and begins to examine what may emerge in the future. Join the CoinDesk Research team as we discuss the most salient trends and what they mean for the future of crypto investment.
CoinDesk Quarterly Review: A year in suspended animation (live webinar)
In the first of a new Quarterly Review presentation series, CoinDesk Research examines metrics for investors in bitcoin, ethereum and other crypto assets, looking for indications that those assets' critical use cases are gaining real-world traction. In 35 charts, we look at institutional interest, digital gold, speculation and Web 3 use cases.
How fund managers think about crypto lending and staking
In December, we invited two fund managers, both long bitcoin and other crypto assets, for a CoinDesk Research webinar on lending and staking. Jordan Clifford of Scalar Capital and Kyle Samani of Multicoin Capital joined us to discuss how they evaluate risk and returns in crypto lending and staking.
3 Insights on Crypto Derivatives and Risk From Veteran OTC Traders
CoinDesk Research talked to two veteran OTC traders in a live webinar on Oct. 28. Martin Garcia is managing director and co-head of trading at Genesis Trading. Yinfeng Shao is a former trader at Circle and now the CEO of a development-stage OTC firm, Reciprocity Trading.