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.