5 years of Token Sales Visualized in One Graphic

NCFA Jan 2018 resize - 5 years of Token Sales Visualized in One Graphic The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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CNBC | MacKenzie Sigalos and Rohan Goswami | Feb 6, 2023 Binance, the world’s largest cryptocurrency exchange, will suspend U.S. dollar deposits and withdrawals, the company said Monday, without providing a reason for the decision. “We are temporarily suspending USD bank transfers as of February 8th,” a Binance spokesperson told CNBC. “Affected customers are being notified directly.” The company said “0.01% of our monthly active users leverage USD bank transfers” and added that “we are working hard to restart service as soon as possible.” Impact:  Binance US, a unit of the company that’s regulated by the Treasury Department’s Financial Crimes Enforcement Network, said in a tweet that it’s not affected by the suspension. Thus the move applies only to non-U.S. customers who transfer money to or from bank accounts in dollars. Binance’s net U.S. dollar outflow was over $172 million for the day, based on data from DefiLlama. That represents a tiny amount of money for a company that has $42.2 billion worth of crypto assets, according to Arkham. Binance said customers can still use other fiat currencies or payment methods to purchase crypto. For the small number affected, “we’ll have a new partner to announce for those users in ...
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Unsplash Vadim Artyukhin Binance - 5 years of Token Sales Visualized in One Graphic
Business Insider | Brian Evans | Feb 2, 2023 Bridgewater Associates founder Ray Dalio warned Thursday of a looming currency crisis and that an inflation-linked cryptocurrency would be safer than bitcoin. Dalio on Bitcoin:  In an interview with CNBC, he asserted that the largest cryptocurrency by market capitalization "has no relation to anything" and denounced opinions that bitcoin is a safe store of value. "It's a tiny thing that gets disproportionate attention," Dalio said. "It's not going to be an effective money. It's not an effective store holder of wealth. It's not an effective medium of exchange." While bitcoin has been touted as the future of currency, he said it's too unstable. And stablecoins, which have been billed as safer than bitcoin, are basically fiat currencies too, he added. Ideal coin:  "If you created a coin that says 'OK this is buying power that I know I can save in and put my money in over a period of time and transact in,' then I think that would be a good coin," he said. "So I think you're going to see the development of coins that you haven't seen that probably will end up being attractive, viable coins. I don't ...
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Unsplash Michelle Spollen Canadian money - 5 years of Token Sales Visualized in One Graphic
ISDA | Jan 26, 2023 The oft-repeated aphorism ‘not your keys, not your crypto’ suggests that only a party running an on-chain node and possessing the private key associated with a cryptocurrency holding can reliably be considered the owner. What defines the owner of an asset? And for a party that is not the direct owner, but holds an asset indirectly via an intermediary, what is the impact of an intermediary’s bankruptcy? These questions are generally settled in other financial markets, which have developed standards to protect indirectly-held customer assets by making them bankruptcy remote from the intermediary. The FTX collapse indicates that such norms are still evolving (or may not yet exist) in the cryptocurrency markets. When these issues are not well understood by market participants or the risks are not properly managed, unanticipated and significant loss of capital can emerge. The prospect of insolvency of a major market participant requires firms to consider how they manage counterparty credit risk, which intermediated or custodial structures are most appropriate, and whether the tools employed can be reliably enforced in a bankruptcy scenario. See:  Goldman Sachs Report: Future of Digital Assets and Crypto Winter’s Discontent ISDA is producing two papers that ...
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Not your keys not your crypto - 5 years of Token Sales Visualized in One Graphic
Bloomberg | Lizette Chapman | Feb 6, 2023 Figure is one of countless once-hot startups now suddenly forced to contend with an icy environment for venture capital, particularly in the world of crypto.  Challenging times:  Two years ago, when investors’ fintech frenzy was at its peak, Cagney raised $200 million for Figure. The company at the time was valued at $3.2 billion, gaining it entrance into a rarified club of multibillion-dollar startups. But recently, things have gotten tougher. In the last few months, several senior leaders have left Figure, including the president and chief financial officer; it scrapped an attempt to take its lending business public through a special purpose acquisition company; and executives slashed their targets on an ambitious fundraising effort. The company, which builds financial products on a blockchain, is also seeking to spin off some product lines as it navigates a dramatic industry downturn. See:  Market Downturns are a Great Time to Build a Startup, or are they? The company is currently seeking to raise $100 million, according to people familiar with the matter who asked not to be identified because the discussions were private. That’s one-third the sum it initially planned. Figure is not in any serious deal talks at the moment, the people said, and the startup is likely ...
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Bloomberg Mike Cagney - 5 years of Token Sales Visualized in One Graphic
Bain & Company | Frankie Leung, Scully Cui, and Lei Zhang | Jan 19, 2023 In mainland China, the retail banking industry is shifting toward quality growth over quantity. Retail banking is on the rebound now—but in an entirely new set of market conditions. Today’s banks are combating stronger competition, tighter compliance controls, and headwinds from volatile macroeconomic conditions. Bain & Company surveyed 1,800 retail banking consumers in mainland China from August to September 2022. Mainland customers are happy with their primary financial institutions. Net Promoter Score percentages are strong and steadily increasing. In 2022, approximately 55% of retail banking customers in mainland China said they would recommend (or “promote”) their primary bank. See:  FCA review finds evidence of growing competition in retail banking What Chinese customers want to take their digital banking experiences to the next level: Omnichannel:  Mobile and online banking are the most frequently used channels among the retail banking consumers we surveyed. Consumers interact with their bank via mobile app about 15 times per quarter, which is five times more often than they visit a physical branch. Mobile banking also has the highest correlation to positive overall customer experience. Physical branch experience can convert customers into ...
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What chinese retail banking customers want - 5 years of Token Sales Visualized in One Graphic
The Byte | Noor Al-Sibai | Feb 3, 2023 The CEO behind the record-breaking ChatGPT has a bit of a strange background, the TL;DR of which being that he once admitted to being a doomsday prepper who believes that killer artificial intelligence or a lab-modified virus could bring about the end of days. Origins:  Altman, who is also the president of the uber-influential Y Combinator startup incubator, is one of only OG OpenAI cofounders still standing. The company's decision to go from more of a research vehicle to a for-profit venture in 2019 was somewhat overshadowed by his fellow cofounder Elon Musk's decision to leave the firm — over some seemingly huge disagreements about its direction. General Intelligence AI:  While Altman doesn't think we're that close to AIs gaining consciousness — a belief that's not quite shared by fellow OG OpenAI-er Ilya Sutskever — he did tell Forbes that creating AGI is "the thrust that drives all my actions" and, it seems, his raison d'etre for the firm. See:  Billionaire investor Ray Dalio on capitalism’s crisis: The world is going to change ‘in shocking ways’ in the next five years Sam Altman: "I think capitalism is awesome. I love capitalism.  Of ...
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Freepik Starline AI - 5 years of Token Sales Visualized in One Graphic
Guest Post | Feb 4, 2023 The Edtech industry has been booming for the last 2-3 years, gaining quite a prominence and helping billions of people worldwide. Education technology startups have been one of the educational industry's most influential and beneficial projects, revolutionizing education for good. Edtech projects are leading the education industry right now, with Edtech being 173% more googled in 2022 than in 2018. Teachoo Teachoo is an India-based Edtech project founded in 2014 and has been exploding lately in the market. Why is that? It is one of the best intelligent learning platforms offering many courses for English-speaking pupils worldwide. So what’s so exceptional about this project that separates it from all the others? Their content. Teachoo does not have overloaded content that overwhelms its students - instead, it's a highly organized project that ensures time-saving, holding great potential for learning efficiency. ELISON Have you ever heard of massive open online courses (MOOC)? ELISON not only empowers your career and provides legitimate certification, but it also provides 100% free courses worldwide. It has about 25 million learners globally and provides academic education, training, and classes for skill improvement and whatnot. ELISON is an excellent platform for people ...
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Unsplash Brooke Cagle Edtech - 5 years of Token Sales Visualized in One Graphic
FCA | Release | Feb 3, 2023 The Financial Conduct Authority (FCA) required firms to amend or remove 8,582 promotions during 2022 - 14 times more than 2021, a report published today shows. Social media remains a major focus for the regulator’s work in combatting misleading promotions. The FCA has worked closely with several Big Tech companies to change their advertising policies to only allow financial promotions that have been approved by FCA-authorised firms, but more needs to be done by tech companies to protect consumers. The FCA has made significant improvements to the digital tools it uses to find problem firms and misleading adverts. These improvements have enabled it to work through a much larger number of cases compared with 2021. ‘Fin-fluencers’ have also been a growing concern for the regulator. Unauthorised individuals should not advise people on the merits of certain investments, as this will likely be subject to our regulations and it could lead to action being taken against them. The FCA has already acted against several social media influencers over the past year. In one case, the FCA found a director of a regulated firm using their personal profile to promote the advice of unauthorised traders ...
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Unsplash Merakist social media - 5 years of Token Sales Visualized in One Graphic
Guest Post | Feb 3, 2023 Technology advancements have allowed us to improve processes and cover previously impossible areas. For example, the latest technological advances in security have enabled our homes to remain safer daily, stay one step ahead and keep our home and loved ones safe. In this blog post, we will explore the latest tech in home security so you can know which of these innovations might be helpful for your home. Garage door security Improving garage door security is relatively simple and can be achieved through a few key steps: Upgrade your garage door with a smart opener for added convenience. With a smart opener, you can easily control and monitor the status of your garage door from your smartphone. This allows you to check if the door is open or closed and close it remotely when needed. Regular checks are recommended to maintain the proper functioning of the garage door. If any issues arise, a local garage doors professional can be consulted. Add remote access controls: Many smart garage door openers can add remote access controls, such as key fobs, which allow authorized individuals to open and close the garage door without a physical key. Install ...
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Unsplash Brian Babb home security - 5 years of Token Sales Visualized in One Graphic
MarketWatch | Dean Seal | Feb 2, 2023 Shares of Coinbase Global Inc. rose 21% to $79.50 after a federal district judge dismissed a proposed class action accusing the crypto exchange of selling tokens that qualified as unregistered securities. The suit, filed in October 2021, alleged that nearly 80 of the digital assets traded on the Coinbase exchange fit the description of a security under federal law, and that Coinbase therefore violated the law by selling the tokens without proper registration. A New York federal judge ruled Thursday that the token buyers behind the suit have made contradictory allegations between their original complaint and a later amended complaint as to whether Coinbase actually held title to or sold the tokens, rather than just facilitate their trading on its exchange, in "an apparent attempt to evade dismissal." See:  Coinbase is Cutting 950 Employees (20%) | Brother of Former Employee 10 months Sentence for Insider Trading The judge further found that the terms of Coinbase's user agreement, which state that only exchange users hold title over tokens they trade, "flatly contradict" the lawsuit's allegations.  Finding that further amendments would be futile, the judge dismissed the case with prejudice. The dismissal marks a ...
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Pixabay sergeitokmakov crypto and regulation - 5 years of Token Sales Visualized in One Graphic