Reports Look at FTX’s 2021 Pitch Deck, Highlighting its Successful Fundraising Strategy
2023-11-17
Earlier this month, Sam Bankman-Fried, the founder of defunct cryptocurrency exchange FTX, was found guilty for his role in the collapse of the company. The disgraced founder, who once ran one of the world’s biggest crypto exchanges, is now facing a maximum sentence of 115 years in prison.
A New York jury found Bankman-Fried guilty on all seven charges against him, convicting Bankman-Fried of wire fraud and conspiracy to commit wire fraud against FTX customers and against lenders of its sister hedge fund Alameda Research.
The verdict, delivered on November 02, concludes a stunning fall from grace for the former billionaire, once known as the “crypto king”.
Bankman-Fried was arrested in December 2022 after his crypto exchange FTX went belly up. The spectacular collapse was caused by a spike
DZ BANK startet eigene Crypto Verwahrung
2023-11-03
Deutschland’s DZ BANK hat eine neue Plattform für die Abwicklung und Verwahrung digitaler Finanzinstrumente in Betrieb genommen.
Damit gehört das genossenschaftliche Institut zu den ersten Kreditinstituten, die auf Basis der Blockchain-Technologie ein solches Angebot für institutionelle Kunden auf den Weg gebracht haben. Die DZ BANK ist mit einem Volumen von über 300 Mrd. EUR nach BNP Paribas und State Street die drittgrößte Verwahrstelle in Deutschland, unter den deutschen Verwahrstellen ist sie die größte.
Holger Meffert
„Wir gehen davon aus, dass innerhalb der nächsten zehn Jahre wesentliche Anteile des Kapitalmarktgeschäfts über Distributed Ledger Technologie (DLT) basierte Infrastrukturen abgewickelt werden. Auf mittelfristige Sicht sehen wir die DLT als komplementäre Technologie zu
Postfinance E-Commerce setzt auf Worldline’s Crypto Payment Lösung
2023-10-31
Worldline hat in der Schweiz mit Postfinance einen wichtigen Schweizer Kunden gewonnen. Die Zahllösung Worldline Crypto Payments wird ab sofort in der E-Commerce Lösung von Postfinance angeboten.
Zuger Kantonalbank Launches Crypto Asset Trading and Storage
2023-10-03
The first cantonal bank to offer clients straightforward trading and secure storage of the most common cryptocurrencies. The offering complements its existing investment services and is delivered within a fully regulated banking environment.
As of today, Zuger Kantonalbank clients are able to invest in cryptocurrencies such as Bitcoin, Ethereum, XRP, Litecoin, Polygon and Uniswap. The digital assets can be bought, traded and stored simply and conveniently via the bank’s e-banking or mobile banking services, and are traded in US dollars. Trading takes place from Monday to Friday, between 1.30 a.m. and 10.00 p.m. Naturally, the offering is available to new clients as well.
Hanspeter Rhyner
“For some time now, we’ve seen that the growing demand for cryptocurrencies is no longer coming from
UBS Asset Management Launches First Blockchain-Native Tokenized VCC Fund Pilot in Singapore
2023-10-03
UBS Asset Management has launched its first live pilot of a tokenized Variable Capital Company (VCC) fund. The fund is part of a wider VCC umbrella designed to bring various “real world assets” on-chain as part of Project Guardian, a collaborative industry initiative led by the Monetary Authority of Singapore (MAS).
Thomas Kaegi
Thomas Kaegi, Head UBS Asset Management, Singapore & Southeast Asia, said:
“This is a key milestone in understanding the tokenization of funds, building on UBS’s expertise in tokenizing bonds and structured products. Through this exploratory initiative, we will work with traditional financial institutions and fintech providers to help understand how to improve market liquidity and market access for clients.”
Utilizing the firm’s in-house tokenization service, UBS
Funding Overview Blockchain Germany 2023
2023-09-20
The CV VC German Blockchain Report 2023 highlights Germany’s remarkable achievements in the blockchain sector, unveiling a 3% increase in blockchain funding and an all-time high share of global funding.
Covering data from Q3 2022 to Q2 2023, the report reveals that the German blockchain sector experienced an impressive 3% year-over-year increase in funding, totaling $355 million across 34 deals. In contrast, all continents saw YoY funding declines, with a 62% decline in funding and a 44% decrease in venture deals compared to the preceding four-quarter period.
The long-term trend of blockchain venture funding exhibited an upward trajectory: The German Blockchain Report 2023 presents its findings against the backdrop of a thorough and astute assessment of both sector-agnostic and blockchain
Illicit Crypto Volume Reaches All-Time High Despite Markets Slump
2023-06-12
In spite of a market downturn and a prolonged “crypto winter”, the volume of illicit cryptocurrency transactions continued to rise in 2022, reaching an all-time high of US$20.6 billion, new data released by blockchain analysis firm Chainalysis show.
Total cryptocurrency value received by illicit addresses, 2017-2022, Source: The 2023 Crypto Crime Report, Chainalysis
The sum represents a 13.8% increase from the previous all-time high of US$18.1 billion recorded in 2021, and comes despite a market slump that saw total capitalization plummeting by more than 60%. Total market capitalization started off the year 2022 at US$2.2 trillion to hit an annual low of US$810 million in December.
The price of bitcoin fell by more than 75% in 2021, dropping from an all-time high of US$64,000 in