Tag: enterprise

Sep 22 2022

Japan’s Nomura Holdings to launch new crypto-focused unit in Switzerland

Sep 22 2022 Published at CryptoSlate under tags  enterprise

Japan-based investment bank Nomura Holdings is launching a new crypto unit in Switzerland called Laser Digital. Nomura's head of trading and investment Steven Ashley will step down from his current role to serve as Laser Digital's chairman, while Nomura's head of crypto Jaz Mohideen will serve as the unit's CEO. Christopher Willcox, former head of asset management at JP Morgan, will replace...

Aug 06 2022

Wells Fargo, digital assets are an “innovation on par with the internet, cars, and electricity”

Aug 06 2022 Published at CryptoSlate under tags  adoption banking enterprise technology web3

Wells Fargo, the fourth largest bank in the U.S. by market capitalization, has released a special report entitled "Understanding Cryptocurrency," which compares digital assets to the invention of "the internet, cars, and electricity." The Internet of Value Produced by its Global Investment Strategy Team, the report published at the start of August bullishly called digital assets "the building blocks of a new...

Aug 03 2022

MicroStrategy records $918M impairment loss in Q2, Saylor moves to new Chairman role

MicroStrategy recorded an impairment charge of $918 million on its Bitcoin (BTC) holdings in the second quarter, according to its earnings report released on August 2. The report also revealed that the company will create a new role of...

Jul 20 2022

KPMG, HSBC report identifies crypto startups with unicorn potential in Asia

A joint report by two leading financial institutions, KPMG and HSBC, revealed that over a quarter of the 6472 startups operating in the Asia Pacific region have their core businesses in crypto-related activities. Among these firms, five appeared on a top 100 startups list with the potential to become unicorns -- a private startup company valued at over $1...

Jul 09 2022

Alameda Research happy to repay Voyager loan in its first ever tweet

Jul 09 2022 Published at CryptoSlate under tags  enterprise exchanges investments

Alameda Research, the investment arm of Sam Bankman-Frie's crypto empire, has sent its first tweet ever, and it is aimed directly at the bankrupt crypto exchange, Voyager Digital. happy to return the Voyager loan and get our collateral back whenever works for voyager -- Alameda Research (@AlamedaResearch)...

Jul 07 2022

Bitstamp backtracks on ‘inactivity fee’ charges

According to Bloomberg, Luxembourg-based Bitstamp is backtracking on its plan to introduce a €10 "inactivity fee" for its users, citing a statement from the firm's CEO JB Graftieaux. According to the CEO's statement, Bitstamp's community reaction to the charges prompted a rethink of the initiative. Graftieaux reportedly said, "We have heard the response from our customers to the...

Jul 02 2022

Top 10 VC firms have ownership in 38% of all unicorns

Jul 02 2022 Published at CryptoSlate under tags  analysis enterprise investments unicorns vc

In a bid to answer the question of where does big venture capital money go to, a new analysis looked at the most recent data on unicorns. The overall number of companies that exceed $1 billion in valuation has doubled in the past year alone, with venture capital money responsible for most of that growth. The fundamental changes in societal models, workflows, and...

Jun 28 2022

Banxa to layoff 30% of workforce to shelter the “crypto winter”

Jun 28 2022 Published at CryptoSlate under tags  enterprise people

Banxa announced on June 27 that it is laying off 30 percent of its staff, Australian Financial Review reported. The cryptocurrency operator said in the release that the layoffs add to several measures to cushion the effects of the crypto winter. The...

Salvadorian entrepreneurs can now claim a $100,000 Bitcoin grant

Jun 28 2022 Published at CryptoSlate under tags  culture enterprise politics

According to Bitcoin Archive, in a bid to boost the local Soyapango economy, Salvadorian entrepreneurs operating in the region can claim a $100,000 Bitcoin grant....

Jun 24 2022

Axie Infinity to start reimbursing Ronin bridge hack victims from June 28

Months after the exploit that led to the theft of over $600 million, Axie Infinity developers Sky Mavis will finally reimburse users and restart the Ronin bridge exploited in the attack, Bloomberg reported. The developer expects to start reimbursing affected users on June...

Polygon exec gives insider scoop on state of crypto employment

Jun 24 2022 Published at CryptoSlate under tags  analysis edge enterprise interview

Despite the challenges of the past two years, the labor market appears to be in a good place, at least according to official government statistics. The Washington Post stated that Americans had returned to work in record numbers, leading to a May unemployment rate of 3.6%, almost half compared to when President Biden took office 17 months ago when...

Ripple opened a crypto hub in Toronto, Canada, with intentions to employ 50 programmers

Jun 24 2022 Published at CryptoSlate under tags  adoption enterprise

Ripple Labs have opened a new office in Toronto, Canada with the intention of creating an engineering hub to drive crypto innovation by recruiting top engineering talent in the area. This will be Ripple's first office in Canada as they continue to expand across North America. The company behind the XRP (...

Jun 23 2022

Meta will grow to billions of people spending hundreds, Zuckerberg says

Jun 23 2022 Published at CryptoSlate under tags  enterprise metaverse technology web3

Meta's CEO Mark Zuckerberg recently told CNBC that he hoped Meta to reach billions of people who spend hundreds of dollars each to express themselves or decorate their surroundings. He said:...

Bitcoin miners are forced to sell to cover operating costs

Jun 23 2022 Published at CryptoSlate under tags  analysis enterprise mining

Bitcoin miners are selling their earnings to keep up with the increasing operating costs. As the electricity prices continue to increase and Bitcoin follows its downtrend, miners can't afford to HODL anymore....

Jun 17 2022

Jun 16 2022

More troubles for Three Arrow Capital as 8Blocks accuses it of $1M misappropriation

A Twitter thread by Danny Yuan, the head of crypto trading at 8Blocks Capital, has raised new allegations against the embattled crypto hedge fund, Three Arrows Capital(3AC). According to Yuan, Three Arrows used $1 million of his company's fund to answer their margin call. 1) What...

Celsius users share harrowing posts as withdrawal freeze extends to fourth day

Jun 16 2022 Published at CryptoSlate under tags  culture enterprise investments legal

Four days since Celsius Network paused withdrawals, swaps, and transfers between accounts, there remains no indication of reinstatement. On Wednesday, it emerged the firm had hired a firm of lawyers to advise on its situation, further adding to...

Jun 10 2022

PGIM COO urges crypto investors to adopt a pick and shovel play

Investing in crypto does not necessarily have to involve buying digital assets, Taimur Hyat, the COO of PGIM, told Bloomberg. According to Hyat, who oversees operations at the $1.4 billion asset management firm, investors should turn their attention to the companies helping build the infrastructure that...

Jun 09 2022

Report: 83% of US retailers think ‘digital currencies’ will become legal tender in 10 years

A new Deloitte survey has revealed that US retailers believe that crypto adoption among businesses will rise to a new high as 83% of them think 'digital currencies' will become a legal tender within the next ten years. The report highlighted that 85% of the respondents expect...

FTX trading volume surpasses Coinbase in record month

Jun 09 2022 Published at CryptoSlate under tags  enterprise exchanges trading

The spot Bitcoin trading volume on FTX has surpassed Coinbase for the first time, hitting $30 billion in a single month. Tushar Jain, Co-Founder of Multicoin Capital (owners of FTX), shared the below chart highlighting the moment FTX passed Coinbase in trading volume....

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