Crypto is No Longer Men Club as More Female Entering the Space, Study Shows

Women are no longer excluded from the crypto bandwagon because they are rapidly participating and investing in this sector, according to a co-study by mobile crypto wallet Valora and global market researcher Appinio.

“It’s encouraging to see women from around the world joining the crypto community and unlocking new financial opportunities,” Jackie Bona, Valora’s CEO, pointed out.

Bona added that the notion of crypto being a boys’ club was fading away as more women were setting foot in the sector. She noted:

“Crypto has this reputation for being a bit of a boys’ club, but more and more women are now empowered to meaningfully participate in this new financial system.”

Women are taking up the crypto mantle as most of them made their first investment in this sector less than a year ago. Per the study:

“Nearly two-thirds (60.6%) of women who own crypto made their first crypto investment less than one year ago.”

Furthermore, twice as many women made their crypto investment within the last six months at 28.1% compared to more than two years ago at 13.9%. 

Therefore, this phenomenon represents a trending shift. Per the research:

“Until recently, the space was predominantly made up of men. Over half (51.8%) of men made their first cryptocurrency investment more than a year ago.”

More women are entering the crypto sector based on changing needs, tastes, and preferences. Morgan Beller, a general partner at Valora, said:

“I think the growth can be attributed to need, want, increased understanding/education, and superior product experiences.”

The study was conducted between March 23 and April 10, 2022, and surveyed 1,500 NFT and crypto investors or owners aged 18 to 65 across Spain, France, Germany, the USA, and the UK.

A past survey by crypto exchange KuCoin noted that women’s desire to know about cryptocurrencies was considerably higher than that of men in Turkey, Blockchain.News reported. 

Image source: Shutterstock


Tagged : / / / / / /

Gemini Report Shows Women Lagging Behind Men in Web3 Investments

There is a big difference between male and female Web3 investors, according to a report from cryptocurrency marketplace Gemini. - 2022-04-27T173548.109.jpg

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.

Image source: Shutterstock


Tagged : / / / / /

Turkish Female Investors Shows More Crypto Knowledge than Male Counterparts, Study Shows

In Turkey, more women are investing and trading cryptocurrencies as their crypto curiosity tops that of men, according to a survey by crypto exchange KuCoin.

Per the announcement:

“One of the key takeaways is how women in Turkey get involved in crypto. More specifically, they are almost as well-represented as men in the trading and investing segment. Female accounts represent 47% of investors and 63% of the crypto-curious.”

Female crypto investors stand at 47% in Turkey, just slightly lower than their male counterparts at 53%. 

Nevertheless, women’s desire to know about cryptocurrencies is considerably higher at 63% than men at 37% in the nation. 

The study noted that Turkey was a vital region for crypto adoption despite the absence of regulatory frameworks, given that interest for crypto-assets was rising, especially among older generations and women. 

One of the catalysts of crypto interest entails the ongoing financial turmoil witnessed in the nation. For instance, runaway inflation has caused the nation’s currency, the Turkish lira, to lose nearly 50% of its value. 

The report noted:

“To avoid the decreasing purchasing power from savings in lira, consumers flock to alternative investment solutions. The U.S. Dollar and gold remain favorable options, but overall demand for exposure to cryptocurrencies is rising.”

Exploring the cryptocurrency waters in areas like derivatives, stablecoins, and metaverse projects have become the norm in Turkey as mass adoption remains on track. The survey reads:

“Roughly 40% of the internet population aged 18-60 own cryptocurrencies or have traded such assets in the past six months. Moreover, 59% of crypto investors will increase their exposure in the first half of 2022.”

Cryptocurrencies are also coming to the rescue of Argentinians as high inflation rates continue to bite. The annual inflation rate on Argentinian soil does not seem to be slowing down because economists speculate it will hit 55% this year from 50.7% recorded in 2021.

Image source: Shutterstock


Tagged : / / / / / /

10 women who used crypto to make a difference in 2021

This year, new research showed that there’s still a long way to go before there is gender parity in the crypto and blockchain space. WEF’s April Global Gender Gap Report 2021 found that it will take close to 135.6 years to close the gender gap due to the COVID-19 pandemic.

However, that hasn’t stopped these women who used blockchain technology and cryptocurrency to tackle a whole range of social issues ranging from girls’ education in developing countries to the wealth gap in black communities in the United States.

In no particular order, these 10 women are changing the world using crypto one block at a time.

Tavonia Evans

Tavonia Evans is the founder and lead engineer of GUAP Coin, which she created to help close the wealth gap and support black-owned businesses in the United States. Despite being hospitalized with COVID-19 and facing sweeping funding cuts, Evans says that her company accomplished more this year than ever before.

“We’ve onboarded hundreds of women of color into the Masternode space, an area of crypto that is largely male-dominated,” she told Cointelegraph. 70% of GUAP nodes are owned by women of color.

“We’ve sparked awareness about crypto among a population with less access and education in crypto and finance — and we continue to do so.”

This year, the company onboarded its first brick-and-mortar merchants. It also launched the xGUAP wrapper on Binance Smart Chain.

Lisa Wade

Lisa Wade was the 2021 recipient of Blockchain Australia’s Gender and Diversity Leader of the Year award, which recognized her work advocating for women and LGBTIQ+ people in the blockchain industry.

She is the founder of NEOMI, an investing ecosystem that connects charity entrepreneurs looking to raise capital with investors looking for authentic impact investments. Wade explained to Cointelegraph:

“NEOMI has a lens on our theory of change, which supports LGBTI and female entrepreneurs.”

Wade is also the chair of NAB Pride and pioneered the Australian bank’s “Rainbow Women” initiative, which gives LGBTIQ+ women a space to speak about issues that are holding them back on career development in the finance sector.

She also continued her work in environmental activism, co-creating a blockchain initiative called Project Carbon which tokenizes voluntary carbon credits.

Olayinka Odeniran

Olayinka Odeniran is the founder and Chairwoman of Black Women Blockchain Council (BWBC), which is working toward increasing the number of black female blockchain developers to half a million by 2030. 

Over the past year, the BWBC partnered with blockchain software company Consensys to help African people throughout the globe get involved in crypto.

She also launched a room on social audio app Clubhouse called “What The Hell is Blockchain” and a community site where members can network and learn about everything from nonfungible tokens (NFTs) to decentralized autonomous organizations (DAOs).

In case this wasn’t keeping her busy enough, she also released a social impact NFT collection CyberMermaid through ocean conservation nonprofit The Dope Sea.

In 2022, Odeniran plans to host a month-long event for Women’s History Month in March and release a new program to teach African women about NFTs and blockchain.

Maliha Abidi

Maliha Abidi is a Pakistani-American author and internationally acclaimed visual artist. She founded ‘Women Rise NFTs’ this year. The collection of 10,000 NFTs represent diverse women from around the world including activists, artists, scientists and coders. 

The collection has been featured on the front page of Rarible and at DCentral Miami. Abidi also had an artist residency during Art Basel in Miami.

According to Abidi, so far, 2,350 NFTs from the collection amounting to over 150 Ether (ETH), around $591,000, have been sold to 1,200 unique buyers including some big names like Randi Zuckerberg and Gary Vee. 10% of the total profits from the project will be donated to charities supporting women and children.

Abidi’s major project for next year will be the creation of the world’s first metaverse school for marginalized children from around the world.

Lavinia Osbourne

Lavinia Osbourne is the founder and host of Women in Blockchain Talks (WiBT), which is a female-led educational platform in the United Kingdom where women can network and learn about blockchain. She told Cointelegraph:

“Getting started in this revolutionary space is key to change and adoption, so Women in Blockchain Talks wants to make this as easy as possible for people — women and marginalized groups in particular — to do just that.”

This year, WiBT launched the 50k women into Blockchain by 2023 campaign, which Osbourne explained to Cointelegraph will “show that blockchain is for everyone as well as highlight the different pathways” to get involved in the space.

Osbourne also founded the upcoming female-centric Crypto Kweens NFT Marketplace, which is currently being built on the Rarible protocol.

WiBT introduced a Middle East ambassador to expand their international reach to women and marginalized groups wanting to learn about blockchain technology with translated versions of their educational material.

Jen Greyson

Jen Greyson is a Utah-based advocate of women’s empowerment through cryptocurrency and a board member for Kerala Blockchain Academy (KBA) in India. 

KBA trains women in STEM and blockchain to become leaders in the space. In 2021, it introduced several new blockchain courses, including two free foundation programs. The Academy trained close to 7,000 students this year, with over 6,000 students enrolling into the foundation programs in less than four months.

She told Cointelegraph: “The blockchain training program aimed to equip start-ups and individuals with the requisite knowledge, skills and attitude” needed to crack into the sector. Greyson added further:

“While my home state of Utah is languishing in even getting computers in every school for every student, across the globe, KBA did this in 2021 while navigating a pandemic.”

This year, the Academy’s vaccine traceability solution Immunochain was selected for a government health program in Kerala. KBA also developed a blockchain-powered multi-party document signing and verification system called Sign-A-Doc.

In 2022, Greyson will be launching an NFT podcast and an academy “focused on bringing more crypto education to the feminine.”

Manasi Vora

In May this year, Manasia Vora co-founded the Komorebi Collective on Syndicate, becoming the first investment DAO focused on funding female and non-binary crypto founders.

She is also the founder of the non-profit Women in Blockchain (WIB), which aims to provide a space for women to mentor each other about blockchain and crypto. “We aim to connect women to thought leaders in this space to inspire, collaborate and encourage others,” she said in a LinkedIn post. On Dec. 15, WIB tweeted:

“Crypto is about shared abundance and shared ownership. But this isn’t possible if the underrepresented communities are not included in the building, in the design, in the decision-making!”

Roya Mahboob

Roya Mahboob is not only an internationally-recognized activist but was also one of very few female tech CEOs in Afghanistan before being forced to flee in September this year when the Taliban took over control of the country.

She is the founder and CEO of Afghan Citadel Software Company (ACSC), where over half the employees are women. Because many Afghan women are unable to access a traditional bank account, she pays her employees in Bitcoin. In an August interview with CoinDesk, she said:

“If young people can learn about computers, they can learn about Bitcoin. And now everybody wants to learn how to access Bitcoin. They need to.”

She is also a board member and president of the Digital Citizen Fund (DCF), a non-profit aiming to educate girls and women from developing countries about technology and finance.

Mahboob also sits on the advisery board of Ashford University’s Forbes School of Business & Technology and recently created EdyEdy, a platform that helps young people from developing countries learn practical digital literacy skills.

Cleve Mesidor

Cleve Mesidor is the author of My Quest for Justice in Politics & Crypto, and a former appointee of the Obama administration.

She was appointed as public policy adviser at Blockchain Association in March this year and is a Mayoral Appointee for the DC Innovations and Technology Inclusion Council.

She is also the founder of the National Policy Network of Women of Color in Blockchain, and LOGOS, a social platform on the blockchain for activists.

Alakanani Itireleng

The Botswanan “Bitcoin Lady” Alakanani Itireleng is the CEO of the Satoshi Centre, which educates members of her community on how they can make money from crypto and blockchain technology.

The self-funded center is in the process of developing an incubator where startups will be able to network with potential sponsors or mentors.

She has campaigned for the Bank of Botswana to regulate and legitimize Bitcoin as a legal currency and is also developing a local crypto wallet that will be able to directly connect to regular ATMs.

In a July interview with Forbes, Itireleng said, “I was feeling that there’s something about Bitcoin that is unique, that is different from normal fiat money.” She added further: “I always call it a currency of love.”