Q3 Blues Peaosades $COIN, $SQ, $HOOD

November 10, 2021by Mark Murdock

10. november 2021 / Unchained Daily / Laura Shin

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Igapäevased bitid ✍️✍️✍️

• Apple tegevjuht Tim Cook ütles he owns Bitcoin and Ethereum.

• Discordi tegevjuht Jason Citron vihjanud that the company is working on an Ethereum wallet integration.

• Landry’s, a restaurant chain, partnerlusega with NYDIG to offer a BTC loyalty rewards program at its 500 locations in the US.

• The Ethereum Name Service token, ENS, has a täielikult lahjendatud turukapital üle 5 miljardi dollari.

• Microsoft’s Decentralized Identity team käivitatud its ION Decentralized Identifier (DID) network on BItcoin.

• Reddit co-founder Alexis Ohanian’s Seven Seven Six fund toime pandud $100 million to grow decentralized and social media projects on Solana.

• The Basel Committee plans to aadress climate-related risks for banks handling crypto assets.

• Austria will apply kapitalikasumi maksud digitaalsete valuutade suhtes.

• Ripple teatas plans to launch a hub where users can buy and sell BTC and ETH, in addition to XRP.

• Ring käivitatud a venture capital fund for blockchain projects.

• Blockchain Association palgatud Dave Grimaldi and Jake Chervinsky to lead government relations and policy, respectively.

• Vastavalt poll published by the Federal Reserve, financial industry participants are more worried about cryptocurrencies/stablecoins than political uncertainty, cyberattacks, or a China slowdown in the next 12-18 months.

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Mida meemeerite?

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Mis on Poppin?

Not Coinbase

Shares of Coinbase (COIN) fell roughly 10% during after-hours trading on Tuesday afternoon on the heels of a disappointing earnings report.

Two significant metrics shrank nearly 50% between quarters:

• Coinbase’s EBITDA (earnings before interest, taxes, depreciation, and amortization) decreased from $1.15 billion in Q2 2021 to $618 million in Q3.
• Net revenue experienced a similar decline, falling from $2.03 billion to $1.23 billion between quarters.

The drop in earnings and revenue appears to stem from an overall decrease in usage. Both trading volume and monthly transacting users in Q3 were lower than in Q2, by 29% and 16% respectively.

Interestingly, the report from Coinbase comes shortly after Square and Robinhood, two publicly traded companies that offer retail crypto services, revealed reduced Q3 revenues too. Square, which provides crypto through Cash App, teatatud a 23% drop in its Bitcoin profits in Q3. Robinhood’s numbers were even more drastic, with crypto revenue freefalling 78% between Q2 and Q3, leading to its total revenue shrinking from $565 million to $365 million, respectively.

Zooming out, the picture gets rosier. For example, Coinbase’s net income in 2021 increased by over 500% compared to Q3 2020. Monthly active users also more than tripled in the last month. Additionally, according to FTX CEO Sam Bankman-Fried (who knows a thing or two about running a crypto exchange), Coinbase is “probably in line for a good Q4” based on the charting of relative user growth.

  

Aastal investori kiri, Coinbase said that it had outperformed the market during Q3.

“While we entered Q3 with softer crypto market conditions, driven by low volatility and declining crypto asset prices, market conditions improved meaningfully later in the quarter which we have continued to see into early Q4. This backdrop led to global crypto spot trading volumes declining 37% in Q3 as compared to Q2, however, Coinbase outperformed the market with total trading volumes of $327 billion, a 29% decline in the same period. We have consistently indicated that volatility is a key factor influencing our transaction revenue. Q3 illustrates this point.”

As of publishing time, Coinbase is trading at $312.60 on Robinhood, a price at which Messari’s Ryan Selkis would “buy” if he traded “stonks.”

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Soovitatavad lugemised

• Arca on the fat protocols thesis:

• Coinbase’s Elias Simos on the $ENS airdrop:

• CoinShares’s Meltem Demirors on Bitcoin:

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Podis…

NFCastle 2021: kunstivaidlused – NFTS: pole seal midagi hullu?

Prahas toimuval NFT näitusel Non-Fungible Castle 2021 arutlevad neli NFT eksperti metaversumi kuumimate teemade üle, näiteks kuidas hinnata NFT-sid, kas siseringitehinguid on olemas, mis teeb Ethereumil põhineva NFTS-i nii eriliseks ja milline on keskkonnamõju. NFT-dest.

Külaliste hulka kuuluvad JPG kaasasutaja Maria Paula Fernandez ja ettevõtte kaasasutaja Kavita Gupta. FINTECH.TV, Oliver Halsman Rosenberg, kunstnik ja gmoney, NFT kollektsionäär. Kuva esiletõstmised:

• mis on NFT
• miks NFT-del on väärtus
• mida on "detsentraliseerimise müütil" pistmist NFT hindamisega
• miks eelistavad kollektsionäärid nagu gmoney koguda NFT-sid Ethereumis võrreldes teiste kettidega
• kuidas päritolu ja intellektuaalomandi õigused mõjutavad väärtust
• miks gmoney arvab, et Solana Punks on nagu võlts Chaneli kotid
• mida "NFT omamine" tegelikult tähendab
• kas algajaid tuleb kaitsta petturlike NFT-de ostmise eest
• vaiba tõmbamise "läbimineku riitus" ja kontseptsioon "tehke ise uurimistööd" (DYOR)
• mida saab teha siseringi kauplemisega sarnaste tegevustega NFTdes
• kuidas navigeerida avalikkusele suunatud plokiahelates, kui teie aadress on doksitud
• erinevaid viise, kuidas siduda ahelaväliseid varasid NFT-dega
• mida krüptotööstus saab teha, et paremini mõista NFT mõju kliimamuutustele

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Raamatu värskendus

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