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Revisiting the Block Reward Halving Theory
The upcoming block reward halving for Bitcoin, anticipated in May 2020, has already given rise to intense discussion about its potential impact. Several theories have been advanced to study supply-side dynamics surrounding halvings and its eventual impact (or lack thereof) [...]
Ranking Crypto Assets by Auditability
In Medieval times, landed estates’ accounts were read out loud to a person charged by the local ruler to ensure that their steward had not swindled them. As the primary role of this person was to listen (audire in latin), they [...]
Analyzing the Supply Distributions of Projects with On-Chain Governance
It takes a whole network of people to make a public blockchain work. You need miners to validate and secure the ledger. You need developers to maintain and update the protocol’s code. And you need users and investors who use [...]
Release of CM Market Data Feed Version 2.0
Today, Coin Metrics is pleased to announce the version 2.0 release of our CM Market Data Feed (MDF) product. CM Market Data Feed version 2.0 includes the below items. Methodology Documentation With the release of CM MDF version 2.0, [...]
CM Network Data Pro Release: Updates and Enhancements to the Exchange Flows Metrics
Coin Metrics is pleased to announce the release of CM Network Data Pro Daily Macro Version 4.4 and CM Network Data Pro Block-by-Block Version 2.1. Flows Metrics Updates and Enhancements These releases are centered around a large enhancement to our [...]
Real-time Reference Rates Beta 2 Release
Today, Coin Metrics is happy to announce a series of updates and enhancements to our CM Reference Rates products. CM Real-Time Reference Rates Version 0.1 (Beta 2) The release of CM Real-Time Reference Rates Version 0.1 (Beta 2) includes [...]
The Psychology of Bitcoin Bubbles as Measured by Investor Cost Basis
Bubbles and subsequent crashes in financial assets occur with regular frequency in economic history, largely due to deeply-rooted cognitive biases in human psychology. In Bitcoin’s ten year history, at least three complete bubble-and-crash cycles have been observed. We examine the [...]
Weekly Network Data Insights
Crypto markets took a significant downturn towards the tail end of last week, with BTC price dropping to six-month lows. As a result, most major assets are down by over 10% week over week. The crash came after the People’s [...]
Announcing txstats.com
BitMEX Research and Coin Metrics are happy to announce the release of txstats.com, the successor to P2SH.info, an independent project created by Coin Metrics’ Lead Data Engineer, Antoine Le Calvez. (Screenshot from txstats.com) Txstats.com is a collaboration between BitMEX Research and Coin [...]
How Many Bitcoins Are Permanently Lost?
Bitcoin’s whitepaper, which recently turned 11 years old, is so concise that it makes only a passing mention of supply: Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees [...]