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69 % Female Crypto Investors in U.S. Adopt Holding Strategy, Survey Shows

by Blockchain NewsOctober 25, 2022

Female Americans continue to be resilient as cryptocurrency owners, despite the broad market turmoil being experienced, according to a survey by global crypto financial services company BlockFi.

Through the latest edition of the Real Talk survey, BlockFi suggested that female crypto investors on American soil had a long-term outlook because they had adopted the buy-and-hold strategy. Per the report:

“When asked specifically what best describes their crypto investment style, the majority of female crypto owners (69%) said they hold crypto and remain hold-only.”

Flori Marquez, BlockFi’s founder and COO, added:

“The crypto landscape and the number of players look completely different than it did six months ago when we last issued this survey and yet the faith in the crypto markets and its potential as a long-term investment strategy remains. This resiliency is extremely promising.”

On the other hand, interest in this asset class has also not significantly decreased among female Americans. BlockFi noted:

“More than one in five women (22%) still intend to buy crypto in the next 12 months, down slightly from 28% the year prior.”

Some of the reasons why female investors in America are attracted to cryptocurrencies is because they believe it’s an inflationary hedge. Per the survey:

“When asked, one in five women believe crypto to be a good hedge against inflation. Even more, 20% of Gen Z women noted Bitcoin as the best long-term investment when presented with a list of options including individual stocks and real estate.”

Nevertheless, the study revealed a generational gap because one in ten women on American soil chose crypto as their first investment.

Meanwhile, an Ipsos survey showed that the intention of investing in cryptocurrencies or using them as a payment option was higher among Americans compared to Canadians, Blockchain.News reported.

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Binance Appoints Co-Founder Yi He to Lead $7.5B Venture Arm

by Blockchain NewsAugust 4, 2022

Binance, the world’s largest digital currency trading platform, has appointed co-founder, He Yi to lead Binance Labs, its $7.5 billion venture capital arm.

He Yi has been a crucial part of the Binance success story since its inception. Amongst many other responsibilities, she has been in charge of the exchange’s customer support, institutional business, marketing, Binance P2P, and Earn.

By taking charge of Binance Labs, He will be assuming more responsibilities by leading the company’s investment strategy when the venture capital outlook is very gloomy.

“As part of the founding team, Yi has been actively involved in Labs since its inception and has played a pivotal role in identifying early-stage projects and founders with the vision and drive to disrupt those global institutions that no longer serve society effectively,” said Binance CEO CZ (Changpeng Zhao), adding that “This is the perfect moment for Yi to take on a larger role in Labs as this market presents an unparalleled opportunity to identify those projects with the tenacity to thrive in tough market conditions.”

He will help build on the strides of Binance Labs, which has a sterling record of 2,100% growth across its cumulative protocol since inception. Binance Labs currently holds as much as $7.5 billion in assets under management (AUM) and counts the likes of FTX, CertiK, Polygon, and Dune Analytics as some of its flagship protocols.

The female leader will bring her experience to help single out those founders whose innovation stands out and can chart a good growth path amidst these challenging times in crypto’s history.

“Part of the journey of seeing Binance grow, especially through tough market conditions, has been the ability to identify those founders that have the skills and embody the values needed to thrive in an environment where resources are more limited. As a leading player in the space, my goal is to help define the industry standard by identifying and supporting sustainable projects and building an ecosystem of quality blockchain solutions that empowers the entire industry,” said He.

Part of her first assignment will be allocating the proceeds of the $500 million fund raised in June this year.

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Tagged : Binance / BINANCE LABS / Women in Blockchain / YI HE

Binance Appoints Co-Founder Yi He to Lead $7.5B Venture Arm

by Blockchain NewsAugust 4, 2022

Binance, the world’s largest digital currency trading platform, has appointed co-founder, He Yi to lead Binance Labs, its $7.5 billion venture capital arm.

By taking charge of Binance Labs, He will be assuming more responsibilities by leading the company’s investment strategy when the venture capital outlook is very gloomy.

The female leader will bring her experience to help single out those founders whose innovation stands out and can chart a good growth path amidst these challenging times in crypto’s history.

Part of her first assignment will be allocating the proceeds of the $500 million fund raised in June this year.

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Tagged : Binance / BINANCE LABS / Women in Blockchain / YI HE

Abu Dhabi Women Set to Receive Free Crypto Domains to Expand Their Web3 Knowledge

by Blockchain NewsJune 3, 2022

To give women residing in Abu Dhabi the opportunity to expand their knowledge base and ultimately explore the Web3 world, Abu Dhabi Investment Office (ADIO) and Access Abu Dhabi have teamed up with NFT domain name provider Unstoppable Domains.

Women of Web3, a powerhouse group of disruptive female US tech entrepreneurs, made the revelation during a visit to Abu Dhabi.

Therefore, women residing in the United Arab Emirates (UAE) capital will have the chance to explore the Web3 space through free crypto domains. Moreover, the initiative aims to bridge the gender gap because approximately 5% to 7% of all crypto users are women.

Abdulla Abdul Aziz Al Shamsi, the acting director general of ADIO, welcomed the move and said:

“Abu Dhabi is ensuring the future of Web3 is built around a powerful infrastructure that appeals to all members of the community. By supporting initiatives that invite and uplift women, we can champion diversity early in the Web3 era.”

By enhancing women’s knowledge base, Al Shamsi believes “the partnership with Unstoppable Domains to provide free crypto domains to all women in Abu Dhabi embodies the emirate’s promise of inclusion, while creating opportunities for private sector participation in a fast-growing space.”

As the UAE gears to become a blockchain/crypto hub, Abu Dhabi intends to have a piece of the cake by propelling Web3 opportunities.

Sandy Carter, the SVP of Unstoppable Domains and Founder of Unstoppable Women of Web3, noted:

“It’s great to see Abu Dhabi leading the mission to bring Web3 opportunities to women in the Middle East. It has been an honour to be a part of the ‘Women of Web3’ delegation.”

She added:

“Providing free crypto, NFT and blockchain domains to all women in Abu Dhabi is a power move that ensures women will be included in increasing numbers within the fabric of the Web3 movement for generations to come.”

Raj Chowdhury, the CEO of blockchain development company HashCash Consultants, had previously acknowledged that a paradigm shift was being witnessed in the Middle East, especially the UAE, as the region’s interests were changing from oil to crypto and metaverse, among other blockchain innovations. Drafting women along this path of innovation is a step in the right direction

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Tagged : Abu Dhabi / Crypto Adoption / Unstoppable Domains / Women in Blockchain / WOMEN OF WEB3

Gemini Report Shows Women Lagging Behind Men in Web3 Investments

by Blockchain NewsApril 27, 2022

There is a big difference between male and female Web3 investors, according to a report from cryptocurrency marketplace Gemini.

The report showed that women make up only 26% of Web3 investors; and 15% of bitcoin investors, even though a 2021 study by the personal loan company Stilt showed that 94% of people who own crypto are millennials or Generation Z.

The Web3 community has witnessed growth opportunities with the popularity of non-fungible tokens (NFTs), which have surpassed $22 billion in the global market since last year, DappRadar’s report showed.

However, a report from BTC Markets showed that the cryptocurrency market is witnessing an increase in women users.

The Australian bitcoin and cryptocurrency exchange said that it saw a 175% increase in women users last fiscal year. The percentage dwarfed the 80% increase it saw in male users, the report stated.

Compared to the $2,060 average deposits from men, women made larger initial deposits of an average of $2,381, according to the report. But portfolio sizes for women were slightly lesser than men by about $400 on average.

The report also suggested that women followed a “structured trading strategy with a smaller range of more focused positions” as they traded fewer times a day. It added that women traded two times a day on average as compared to five by men.

The report stated that women are also more risk-averse than men in financial studies.

While another report from Gemini showed an increase in crypto investments among women in the Asia Pacific region and exponential growth of crypto adoption in the UK in 2021.

According to the report, around two in five crypto owners in Singapore (40%) and India (38%) are women. However, Australia trails behind, with only 27% of crypto owners being women, but it is expected to increase.

While 37% or more than one-third of crypto owners in Hong Kong are women, the percentage is higher than in the United States (32%) and the United Kingdom (35%); however, 51% or more than half of crypto owners in Indonesia are women.

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Tagged : Blockchain / Crypto / Gemini / Web3 / Women / Women in Blockchain

Crypto Market Witnesses Increase in Women Users: Report

by Blockchain NewsApril 11, 2022

The cryptocurrency market is witnessing an increase in women users, according to a report from BTC Markets.

The Australian bitcoin and cryptocurrency exchange said that it saw a 175% increase in women users last fiscal year. The percentage dwarfed the 80% increase it saw in male users, the report stated.

Women are also more risk-averse than men in financial studies, the report stated.

“More women trading cryptocurrency dispels stereotypes around cryptocurrency investors being risk lovers,” according to the report.

A recent report from the global cryptocurrency exchange Gemini also showed an increase in crypto investments among women in the Asia Pacific region, but also an exponential growth of crypto adoption in the UK in 2021.

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Tagged : Bitcoin / Blockchain / BTCMARKETS / Crypto / Women in Blockchain

Female-Backed VC Blossom Capital Raises $432M to Back Startups

by Blockchain NewsJanuary 18, 2022

Ophelia Brown’s Blossom Capital has raised $432 million to back early-stage tech startups in Europe.

She said that the amount raised was a third of which has been earmarked for cryptocurrency investments.

The female backed Blossom Capital is looking to bolster its investment in the crypto sector by investing in platforms to be a safe way of betting on the ecosystem.

“We aren’t looking to just invest in crypto assets. We are also eyeing equity stakes in early-stage companies developing crypto infrastructure,” Brown said.

London-based Blossom has already invested in online payments company Checkout.com, whose $40 billion valuations in a funding round this month made it one of Europe’s most valuable startups. Other investments include business-forecasting platform Pigment and cybersecurity-automation startup Tines.

The company’s biggest investment as of now is in crypto-payments company MoonPay, which closed a $555 million round in November at a value of $3.4 billion.

According to Bloomberg, despite the volatility of the crypto market, several venture capitalists are seriously betting on it as they believe the sector is transforming into an unstoppable juggernaut.

“The word is out about crypto and the innovative applications that can be built around the blockchain, so that could inflate values for early-stage companies,” said managing partner Alex Lim. “But our investment horizon is a decade long, and we are less concerned about day-to-day volatility.”

According to a report by Blockchain.News on December 19, 2021, more funds were invested in the cryptocurrency industry in 2021 than in the past ten years combined, according to Bloomberg.

The report added that venture capital funds invested about $30 billion into the cryptocurrency industry, which is almost four times the 2018 high, according to PitchBook Data.

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Tagged : Bitcoin / Blockchain / BLOSSOMCAPITAL / Crypto / Women in Blockchain

Celebrity Kim Kardashian West Posts a Crypto Related Paid Story on Instagram

by Blockchain NewsJune 16, 2021

Celebrity Kim Kardashian West and other famous key opinion leaders have recently joined the cryptocurrency carnival.

Over the past two years, cryptocurrencies affairs are getting more popular in the public’s daily life. Many celebrities and influential people have a stronger identity with endorsing cryptocurrency and blockchain projects. Among them, the most well-known billionaire is the CEO of Tesla, Elon Musk, who named himself “Dogefather”.

For influencers these include big names such as DJ Khaled and Paris Hilton. However, compared with influential capability, Kim Kardashian West’s post, as an influencer with 228 million followers on Instagram, is regarded as almost certainly the most prominent social media encryption promotion ever.

Kim Kardashian West posted an Ethereum-related network project-related story on her Instagram story with 228 million followers on Monday.

In the story she posted, Kim Kardashian West shared a cryptocurrency called “Ethereum Max token”. The post was not financial advice, but Kim Kardashian West labelled it with hashtag #AD beneath, indicating that this post was charged.

It is unknown how much she gets paid for her posting yet. But according to a court filing in 2019, she might earn between $300,000 and $500,000 by a single posting on her Instagram account.

Despite Kim Kardashian, a boxing legend Floyd Mayweather and Jack Paul of the National Basketball Association also recently endorsed Ethereum Max.

What is the Ethereum Max token?

Ethereummax (Emax) is treated as an altcoin. Emax is an ERC-20 token on the Ethereum blockchain. A small part of the transaction can be redistributed to its token holders. It was launched in May with a 2 trillion supply in total.

According to its official website, users can use the Coinbase exchange app to buy Ethereum max tokens.

At present, No relevant information related to the white paper of the altcoin and other information about the team behind the project has been disclosed on its homepage.

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Tagged : ADVERTISEMENTS / Blockchain / ETHEREUM MAX / Influencer / KIM KARDASHIAN / Social Media / Women in Blockchain

Celebrity Kim Kardashian West Posts a Crypto Related Paid Story on Instagram

by Blockchain NewsJune 16, 2021

Celebrity Kim Kardashian West and other famous key opinion leaders have recently joined the cryptocurrency carnival.

Kim Kardashian West posted an Ethereum-related network project-related story on her Instagram story with 228 million followers on Monday.

It is unknown how much she gets paid for her posting yet. But according to a court filing in 2019, she might earn between $300,000 and $500,000 by a single posting on her Instagram account.

Despite Kim Kardashian, a boxing legend Floyd Mayweather and Jack Paul of the National Basketball Association also recently endorsed Ethereum Max.

What is the Ethereum Max token?

According to its official website, users can use the Coinbase exchange app to buy Ethereum max tokens.

At present, No relevant information related to the white paper of the altcoin and other information about the team behind the project has been disclosed on its homepage.

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Tagged : ADVERTISEMENTS / Blockchain / ETHEREUM MAX / Influencer / KIM KARDASHIAN / Social Media / Women in Blockchain

SEC Commissioner Hester Peirce Proposes Revised Crypto Safe Harbor Policies

by Blockchain NewsApril 14, 2021

Hester Peirce, the acting commissioner for the US Securities and Exchange Commission (SEC), has long been known to be cryptocurrency-friendly. Peirce now released an amended proposal floating the idea of a safe harbor rule for cryptocurrency projects.

Peirce, also known as the ‘Crypto Mom’ for her active role in seeking to further blockchain and crypto innovation, first released the proposal in February 2020.

A huge dilemma that blockchain entrepreneurs need to consider is whether their token offering will be in violation of US securities laws. Commissioner Peirce has therefore proposed a solution that is designed to provide a clearer guideline for blockchain developers in a way that will not hinder technological innovation. For starters, she proposes a three-year “grace period” where blockchain developers will need to prove how decentralized their network is and whether the token they’re offering is a security.

In her safe harbor plan, Peirce suggests three updated changes.

First of all, in order to ensure that investors are fully protected, Peirce has suggested that token issuers provide a semi-annual update to the SEC regarding their projects to ensure full transparency about the development process. A block explorer is also required so that the public can view transactions on the blockchain.

Second of all, an exit report has been added to her safe harbor proposal to counter any regulatory uncertainty that may still be present at the end of the three-year window. Through the exit report, an outside counsel will therefore re-evaluate whether the project in question is decentralized enough. If it is not, the issued token needs to conform to securities laws and be registered under the Securities Exchange Act of 1934.

Finally, the exit report requirement provides guidance on what outside counsel’s analysis should address when explaining why the network is decentralized, Peirce wrote. This means that the counsel must determine whether the token issuer has an influence on the token’s price, and whether inside information could affect investors’ views on the token.

Peirce put an emphasis on the need for regulatory clarity in the cryptocurrency and blockchain industry. She advocated that this was the perfect time to re-evaluate how policies can be amended “to accommodate this new technology in a responsible manner,” especially as the confirmation of the new chairman of the SEC is nearing. Currently, Gary Gensler is awaiting confirmation to chair the Securities and Exchange Commission. Gensler was tapped by President Joe Biden to chair the SEC, and his confirmation to the role of Chairman will be significant for the cryptocurrency industry, as he is known for his previous background in blockchain.

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Tagged : Crypto / Hester Peirce / SEC / Women in Blockchain