November 2, 2020 By Daniel Kuhn Blockchain Bites will not publish on Tuesday, Election Day in the U.S. We'll see you here Wednesday, same block time, same block channel.
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Top shelf October saw the first time the total value locked in all DeFi protocols closed below the month's starting value. Square Crypto is sponsoring a bitcoin wallet designer. A new civil suit alleges BitMEX executives were looting profits.
Digital transfers Squaring the crypto
Cayman consensus Voted down Corporate raiders? CoinDesk's upcoming virtual event Bitcoin for Advisors, on two half days Nov. 9-10, aims to equip investment advisors with tools to better understand bitcoin, talk to their clients about it and work it into their business.
In close cooperation with professional advisors, CoinDesk is showcasing a program tailored to the financial advisor community. Through a series of keynotes, panels and interactive roundtable sessions, we will discuss investment theses for bitcoin, why younger demographics are turning to this asset and how it fits into the current global macroeconomic picture.
We will also walk through the practicalities: how to answer client questions about bitcoin, how to talk to your compliance department about bitcoin, how can bitcoin can help grow your book. Apply for Bitcoin for Advisors, Nov. 9-10.
Quick bites Blockchain could make dismantling nuclear warheads more secure, King's College London claims in a recent report. (CoinDesk)
Nigerians protesting police corruption and concerns about a possible internet shutdown are adopting decentralized VPNs, along with bitcoin. (CoinDesk)
Mongolia's oldest bank will offer services including cryptocurrency remittance, custody, deposits, asset management and loans (Modern Consensus)
eToro has unveiled a free insurance scheme covering customers for up to £1 million if the firm should ever become insolvent. But crypto holders are left out in the cold. (CoinDesk)
"On Purpose" podcast host and Onramp Invest CEO Tyrone Ross invites the public to CoinDesk's first podcast live taping party on Wednesday, Nov. 4.
Attendees will be part of the experience and get to ask frank questions to Ross and his guests Adam Pokornicky, COO of Digital Asset Investment Management; Andy Edstrom, financial adviser and investor at WESCAP Group; and Sunayna Tuteja, head of digital assets at TD Ameritrade; as they raise the big questions for financial advisors in a jargon-free, transparent discussion.
Pokornicky, Edstrom and Tuteja, who are also speaking at CoinDesk's Bitcoin For Advisors event for registered investment advisers Nov. 9-10, are experts in the digital asset class in the context of how it fits in the realm of portfolio management, including understanding bitcoin's macro implications, preparing against bitcoin's volatility and how to fold it into retirement accounts.
Podcast taping attendees will also be fast-tracked for approval to attend Bitcoin For Advisors after applying separately here.
Market intel Pop and drop Webinar: How to Value Ethereum In this 30-minute webinar, the first of the four-part series How to Value Ethereum, CoinDesk Research looks at accounts - a concept that sounds familiar to blockchain addresses, but involves novelties and complexities that are critical to understanding how Ethereum works.
At stake DeFi contraction In the last week of October, DeFi protocol tokens were bleeding red.
It wasn't a steep decline. DeFi's cumulative valuation stood at $11.28 billion on Oct. 1, and only retreated to $11 billion locked up on Oct. 31. Industry publication Decrypt called the ecosystem's monthly top at $12.4 billion.
It was this minor decline that may have triggered a more than $2.5 billion sell off seen this weekend, where the ecosystem retreated to lows of $8.5 billion last seen in early September.
With the U.S. Election Day next week, much is at stake - including crypto policy over the next four years.
Like it or not, this election will matter for the crypto industry. Our latest limited-run newsletter, The State of Crypto: Election 2020 by regulatory reporter Nikhilesh De, aims to walk you through why.
At stake: Will new crypto products be approved or allowed to operate in the U.S.? Will regulators target more overseas exchanges and platforms like BitMEX? Will the U.S. launch a "digital dollar" or some other form of central bank digital currency?
These questions will come down to who takes the reins at the various financial regulators and government departments. Over the next several days, we map out the possible outcomes and introduce analysis of the candidates.
Our limited-run newsletter runs Mondays, Wednesdays and Fridays at least until Election Day. Subscribe to The State of Crypto: Election 2020.
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