Tag: Report

Japan to allow start-ups to raise funds by issuing crypto instead of stocks: Report

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The Japanese government reportedly plans to permit start-ups to raise public funds through the issuance of crypto, assets, such as currencies, instead of stocks, local media has reported.  According to Japanese financial news site Nikkei.com, this updated system is specifically applicable to a category of funds known as Investment Business Limited Partnerships (LPS). So far, Japan has lagged behind the rest of the world on embracing digital assets. However, this has been changing in recent months. Japan’s primary financial regulatory authority, the Financial Services Agency (FSA), made a significant move…

Germany’s blockchain funding increases 3% amid market downturn: Report

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Germany has reached an all-time high in global venture capital funding share in 2023 despite a decline in the overall performance of the blockchain market across the globe, according to a report published by Crypto Valley Venture Capital (CVVC).  Within CVVC’s report titled “The German Blockchain Report 2023,” the country’s blockchain sector recorded a total of $355 million invested across 34 deals. This represents a 3% year-over-year (YoY) increase in funding for the Western European country, according to the CVVC. State of German venture capital funding in 2023. Source: CVVC Apart…

Two more top executives depart Binance.US amid layoffs, SEC action: Report

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Two more top executives are leaving Binance.US, one day after the departure of CEO Brian Shroder and the layoff of a third of its staff, The Wall Street Journal reported. Binance.US is the United States offshoot of the international cryptocurrency exchange. Head of legal Krishna Juvvadi and chief risk officer Sidney Majalya were said to be leaving. Juvvadi was hired in May 2022, coming from Uber, where he was global head of compliance. Majalya joined the company in December 2021 after being Intel’s chief compliance officer. Before Intel, he, too,…

South Korean Bitcoin lender Delio plans to sue regulators: Report

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South Korean Bitcoin lender Delio is reportedly preparing for an administrative lawsuit against regulators for the wrong interpretation of law leading to an investigation and hefty fine against the crypto lending firm. Bitcoin lender Delio said the allegations of fraud and embezzlement levied by the Financial Service Committee (FSC) are baseless, according to a report published in a local daily.  The crypto lender claimed that the regulator implied the law unreasonably in a situation where there were no clear regulations for virtual asset deposit and management products. The report revealed…

Binance.US cuts third of staff as CEO Brian Shroder leaves: Report

Binance.US, the United States arm of the crypto exchange has reportedly cut around a third of its staff — or 100 positions — with its president and CEO Brian Shroder also departing the firm. On Sep. 13, Bloomberg reported, citing a Binance.US spokesperson, that Shroder was replaced on an interim basis by chief legal officer Norman Reed. Shroder joined Binance.US in September 2021 and his departure comes amid a slew of regulatory actions taken against the firm in recent months. Related: Binance’s Richard Teng denies FTX comparisons: ‘We welcome the…

$2b of crypto assets wash traded on decentralized exchanges, report shows

Solidus Labs research finds $2 billion in deceptive wash trading activities across Ethereum-based decentralized exchanges.  Newly released data from Solidus Labs, a crypto trade surveillance and risk monitoring platform, indicates that a staggering $2 billion worth of crypto assets has been wash-traded on Ethereum-based decentralized exchanges (DEXs) since 2020. The report casts a spotlight on the pervasive but preventable issue of market manipulation in the world of decentralized finance (defi). 📢 Major Update! Unveiling Part Two of our Crypto Market Manipulation Report! 🚨 Our data shows a shocking $2 billion…

Report Reveals The Stablecoins That Have Suffered The Most De-Peg Events

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Amidst the constant price swings and uncertainties that plague the crypto market, stablecoins have become an invaluable asset for investors and traders. However, analysts have revealed several stablecoins that have been struggling to maintain the esteemed stability reserved for these types of assets. Stablecoins Under Pressure The inherent volatility of the crypto market and the persistent price fluctuations of cryptocurrencies are a constant experience in the crypto industry. Due to this, stablecoins like USDT, USDC, and DAI have long been revered as a reliable bridge between the volatility and instability…

Ethereum is the ‘least-loved digital asset’ this year, CoinShares report shows

The European alternative asset manager, CoinShares, reports Ethereum outflows of $4.8 million the previous week, making it the least loved digital asset for ETP investors. This brings year-to-date outflows at $108 million, or 1.6% of assets under management (AuM) as of the Sept. 11 report. Continuous outflows The weekly report highlights that in the last week, digital investment products saw outflows totaling $59 million, marking the fourth consecutive week of outflows. At the same time, inflows were mostly evident in short investment products, suggesting that, as a whole, sentiment is poor…

1 in 4 investment firms assign senior execs to digital assets: Report

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An increasing number of investment firms in the United States and Europe are appointing senior executives to lead digital asset investment strategies, based on the findings of a market intelligence firm. According to a recent Amberdata report titled ‘Digital Assets: Managers’ Data Infrastructure Fuel,’ 24% of asset management firms have adopted a digital assets strategy, with an extra 13% planning to do so in the next two years. “These roles are being staffed up, with almost a quarter of firms with a senior role dedicated to digital assets, reflecting seriousness…