[WEBINAR] YBlockchain? Episode 007:
The Crypto Meltdown
Join us on Monday, September 26 from 12pm - 1pm ET for a virtual webinar as Diana Barrero Zalles ’17 will interview J. Gdanski, the Founder and CEO of Evertas, where he has a s led Evertas’ technical development and underwriting, as well as secured multiple fund rounds from top investors; he is a security, privacy, and risk expert. J. Gdanski, will share his insights on the role of insurance, an emerging yet much needed solution for crypto markets.
Crypto markets are known for their volatility, and today we find ourselves in a bear market. As this space develops from its early stages, we can look back to several instances of excessive hype followed by a downturn. Most recently, crypto has lost $2 trillion in value since its last peak in 2021. Yet this “crypto winter” also shows us how this market has developed thus far. The emergence of debt markets, through both centralized crypto lending platforms and DeFi (decentralized finance) lending applications, reveal how the opportunities of alternative credit do not come without risks and repercussions of excessive leverage. The collapse of TerraUSD, an algorithmic stablecoin designed to maintain a stable price through an automated mechanism to keep supply and demand in equilibrium, and the following crypto market crash, reveal the extent of systemic risk and contagion due to the interconnectedness of projects. The following liquidation of the hedge fund Three Arrows Capital and the bankruptcy of major crypto lender Celsius Network have also had major ripple effects. What really happened and what are the lessons we can learn from this? How can we address the risks brought by this abrupt crash and create the right safeguards to ensure trust and credibility?
Open to the public. Register to attend.
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J. Gdanski is the Founder and CEO of Evertas, where he has a s led Evertas’ technical development and underwriting, as well as secured multiple fund rounds from top investors; he is a security, privacy, and risk expert.
Prior to Evertas he was a leader in the enterprise blockchain space and was one of the first to work on institutional custody for crypto. In this capacity he served as an early, significant contributor to blockchain consortia including R3 and Enterprise Ethereum Alliance, of which he was a founding member. He was an integral part of the first enterprise blockchain RFP and has worked on numerous blockchain-based systems. He was the first dedicated hire in the space for a bulge bracket bank and the world’s largest custodian bank and has presented to regulators, legislators, politicians, and business executives, including from Fortune 50 companies.
Diana Barrero Zalles '17
Diana Barrero Zalles '17 is Head of Research and Sustainability at the Global Blockchain Business Council, and also co-author of the book "Transparency in ESG and the Circular Economy: Capturing Opportunities Through Data," . She previously has held investment banking roles in New York and Washington DC, in addition to having published industry research on various topics related to digital assets and sustainability, market integrity for crypto trading platforms, market infrastructure, and governance for decentralized finance (DeFi). She began her career in digital assets from a lens of security and regulatory technology to uphold governance, having advised the Parliament of Cyprus to establish a regulatory framework for digital assets and AML/CFT risk assessment. She still contributes with blockchain industry associations to set standards and best practices at the intersection of digital assets and ESG issues. Diana is an alumna of the University of Notre Dame and has an MBA from Yale. She was born in Bolivia and is a native Spanish and English speaker.