Presentations of Robert Edstrom from Kaiko, Antoine Scalia from cryptio.co, as well as Alexandre Lourimi from Blockchain Legal on "Crypto Data". Buying/selling crypto assets is not just moving value from one point to another. It’s also creating data. The objective of this event is to highlight the value that lies behind these “crypto data”, from a professional to a private point of view, from hedge funds to individuals exchange wallets. Meetup at La Maison du Bitcoin in Paris on May 9th, 2018. To watch the video : https://www.facebook.com/LaMaisonDuBitcoin/videos/1635625849818708

1. Crypto Data
From professionals to private investors
9th May 2018
La Maison du Bitcoin
Cryptio x Blockchain Legal x Kaiko

2. Summary
1. How much is Bitcoin? Flash crashes in the pan
2. How can individuals create value from their trading history data?
3. Crypto Data: Tax & Privacy
Robert Edström, Chief Engineer
Antoine Scalia, co-founder
Alexandre Lourimi, tax advisor

3. How much is Bitcoin?
Flash crashes in the pan

4. Agenda
● Pricing vs valuation
○ Pricing and valuation of cryptocurrencies
● Illustrative events
○ Coinmarketcap removing Korean exchanges in 2018
○ GDAX ETHUSD flash crash of 2017
○ BitMEX liquidation in april
● Introducing Kaiko

5. Price discovery
● Setting the spot price of an asset
● A price where seller and buyer can agree to make a
transaction
Valuation
● Determining the current worth of an asset
● Intrinsic / perceived value

6. Crypto markets in late 2017- early 2018
● Large number of centralized exchanges
● Liquidity and volume is spread out
○ ...and unclear. Wash trading and fake trades have been shown on several exchanges
● Ecosystem is growing
○ Derivatives
○ Automated execution system
● No de facto standard for deriving prices

7. 2018-04-01: Coinmarketcap excluding Korean exchange
https://cointelegraph.com/news/coinmarketcap-removes-south-korea-exchanges-ripple-market-cap-drops-20-billion
https://coinmarketcap.com

8. GDAX ETHUSD crash in 2017
● Large market sell order pushed prices down
● Market limits triggered
● Stop losses triggered
● Margin liquidations
● In one transaction, price fell from $319 to $0.01
● Trading stopped for 3 hours

9. Source: https://blog.gdax.com/eth-usd-trading-update-3-69e623335e00

10. Poloniex ETHBTC 2018-04-15

12. 02:22:03 - 02:22:06 UTC
● Total volume of bids > 0.05240 @ 02:21:14: 200 ETH ≈ 100k USD
● Opening price: 0.0637
● Closing price: 0.05242
● 17.7% fall
● 1327 trades: All sell orders
● Largest trade 182.1 ETH

13. Fallout: Liquidations on BitMEX

14. The difficulty of pricing
● Extreme price slippage on an exchange can occur due to
○ Low liquidity
○ Market manipulation (external or internal)
○ Technical problems
○ Hacks
○ Rumors
● Third-party indices are subject to
○ Manipulation
○ Technical issues
○ Communication around rebalancing
○ Currency conversion issues

15. Kaiko - cryptoasset data provider

16. Kaiko - cryptoasset data provider
Live now
● Historical market data
○ Trades and order books
Coming during 2018
● Price indices
● Aggregated data
● Live streaming
● Query API

17. Thank you! Questions?
We are hiring!
(And no, no token sale)
robert@kaiko.com

18. How can individuals create value from their trading
history data ?
by Antoine Scalia, co-founder at
https://cryptio.co

19. Of what sort of data are you talking about ?
WALLET DATA
ORDER DATA
TRANSACTION
DATA
Which coins I own and how much
How my crypto wallets have evolved
What I bought / sold at a given price
How much fees I paid
What kind of orders I placed
(limit/market) / Which one were canceled
/ succeeded

20. VALUE !!
These crypto data are split on your exchanges and work in
silo

21. What is ?
Antoine Scalia
Alexandre Bourgeus
PRIVATE INVESTORS’ DATA
CONSOLIDATION

22. KEEPING THE BOOKS

23. Consolidate your transaction data to keep the books of your
cross-exchange activity
Track your FIAT
currencies movements
Identify Gains and Losses Compare your gains with
fees you paid

25. ANALYZE THE IMPACT ON TAXES

26. Trading is not always good for your taxes !
NUMBER OF TRADES
AMOUNT OF SALES
KNOW HOW MUCH YOU’LL HAVE TO PAY
Depending on your country, it may affect your tax
regime.
Depending on your country, it may affect your results
Cash out your gains not be affected by a bear market :(
GAINS / LOSSES For capital-gains focused tax regimes

28. GET PORTFOLIO INSIGHTS

29. Use your wallet and transaction data to improve your
investment strategy
SET STRATEGIES
Contribution to global
performance
Risk exposure
Compare your activity
with an index
Reallocation
Virtual portfolio
Set objectives
ANALYZE COMPARE

30. LAUNCH TODAY !!!
go to cryptio.co
antoine@cryptio.co
alexandre@cryptio.co

31. Crypto Data: Tax & Privacy
La maison du bitcoin, 9th May 2018

32. VALORIZATION TAX RETURN RETENTION
• NO LEGAL TENDER
• CALCULATION METHOD
• RECEIPTS
• CRYPTOS-CRYPTOS
• PVBM
• BIC
@BCLAvocats www.blockchainlegal.fr @BCLAvocats
Crypto Data & Tax

33. GDPR USERS RIGHTS MONETIZATION
• DEFINITION
• CRYPTO DATA
= PERSONAL
• CONSENT
• PURPOSE & TRANSPARENCY
• ACCESS, PORTABILITY…
• CRYPTO DATA SALE
• LIMITATION
• BLOCKCHAIN
@BCLAvocats www.blockchainlegal.fr @BCLAvocats
Crypto Data & Privacy