71% of high net worth individuals have invested in digital assets: Survey

[ad_1] High net worth individuals (HNWI) have embraced cryptocurrencies and other digital assets, with 71% of wealthy individuals investing in digital assets according to a new survey.Technology consulting company Capgemini released its 2022 World Wealth Report on June 14. It polled 2,973 global HNWIs, with 54% reporting a wealth band ranging from $1 million to $30 million and 46% reporting wealth of $30 million and over.The survey asked about investment

Total supply of stablecoins dropped sharply for first time ever in Q2

[ad_1] The total supply of stablecoins saw its sharpest drop in history during Q2 2022, with stablecoin redemptions spiking as a result of “short-term liquidity and concerns about insolvency that were not present during the panic of 2020," according to data analytics firm Coinmetrics.CoinMetrics head of research and development Lucas Nuzzi highlighted the data via Twitter on June 16, with a graph showing the total supply of stablecoins since January 2020. “22Q2

True Global Ventures doubles down on Web3 with $146M ‘follow-on’ fund

[ad_1] Venture capital firm True Global Ventures 4 Plus (TGV4 Plus) has announced the closure of a $146 million funding round earmarked for a wide range of Web3 projects — highlighting investors’ continued interest in crypto despite an ongoing bear market.The latest closure, dubbed the TGV4 Plus Follow On Fund, was led by a group of 15 general partners who committed over $4 million on average (over 40%, or $62

NEXO Price Drops by 40% In Three Days as Fear From Defi Contagion and Insolvency Crypto Fund Grows

[ad_1] The price of Nexo (NEXO) kept falling on June 15 as crypto lending firms continued to be shaken by the crypto winter season. Nexo was speculated to be related to Three Arrows Capital (3AC), a Dubai-based crypto fund at risk of going insolvent. However, the company has denied the rumors of exposure to the company and has 100% liquidity to meet its debt obligations. NEXO, a security token at

Bitcoin Is the Amazon of Crypto, Says Blocktower Founder, as Turbulent Crypto Season Continues

[ad_1] The founder of blockchain investment firm Blocktower Capital, Ari Paul, after weighing in on the bear season, has likened the situation to the tech crash that happened in the year 2000. Paul compared Bitcoin (BTC) to Amazon, one of the companies that survived the market crash back then. Paul's points in a Twitter thread noted that while there are "modest" products in the crypto space, there is still a