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

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…

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 executive chairman, which Michael Saylor will fill. Meanwhile, Phong Le, the company’s president and chief financial officer,…

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…

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

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) July 8, 2022 The reaction from Crypto Twitter…

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…

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

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….

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

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 company said it now has a “clear line to profitability” owing to the…

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

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. 💥EL SALVADOR: $100K #Bitcoin grant given to entrepreneurs in the municipality of Soyapango to boost economy of the area. 🙌 — Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) June 26, 2022 Soyapango is…

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

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! 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…