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Blockchain Press Releases

Web3 salaries surpass traditional finance by up to 128%, according to Request Finance research

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PARIS, June 4, 2024 /PRNewswire/ — Web3 Finance Club, in partnership with Request Finance, has shared the findings of a survey carried out with nearly 900 web3 finance professionals. This comprehensive report provides insights into the compensation trends within the Web3 financial sector, offering important data for finance professionals to benchmark compensation within their organizations, and better understand if they are being paid what they deserve.

Based on data from Web3 professionals worldwide, key findings include:

  • Web3 vs. Traditional Finance: Web3 finance professionals earn significantly more than their counterparts in traditional finance roles, with an average increase of 27% and some positions, like accountants, earning up to 128% more.
  • Remote Work Prevalence: 92% of respondents work remotely, far exceeding global averages and reflecting the modern, flexible nature of Web3 roles.
  • Substantial Gender Pay Gap: Despite the progressive ethos of Web3, a notable gender pay gap persists, with women earning 46% less than men on average.
  • Crypto Compensation: Nearly half of web3 finance professionals receive some or all of their remuneration in cryptocurrencies, with 41.7% of respondents being paid at least partly in crypto, such as stablecoins and company tokens.
  • Variable Pay Disparities: Nearly half of respondents report no variable pay, while the other half experience diverse variable pay models, with significant bonuses often reaching 50% or more of base salary.
  • Equity Compensation Prevalence: A significant 63% of Web3 finance professionals receive equity as part of their compensation, highlighting the startup culture within the sector.

Christophe Lassuyt, Founder of Web3 Finance Club and CEO of Request Finance, emphasized the report’s importance in fostering transparency and guiding the future of Web3 finance. “Our goal is to support businesses in adopting crypto by equipping finance leaders with crucial knowledge and tools,” said Lassuyt. “This report is instrumental in raising awareness about compensation trends and encouraging more professionals to explore the opportunities in Web3.”

The Web3 Finance Club, with over 850 members, continues to serve as a vital platform for finance professionals to connect, share ideas, and stay ahead in the dynamic Web3 finance landscape. Through exclusive events, expert content, and industry insights, the club fosters professional growth and innovation.

For more information and to access the full report, visit Web3 Finance Club.

About Web3Finance Club:

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Web3Finance Club is a professional network for finance leaders in Web3, offering exclusive events, expert content, and industry insights to foster growth and innovation.

Download: https://www.web3financeclub.com/web3-compensation-report

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Cision View original content:https://www.prnewswire.co.uk/news-releases/web3-salaries-surpass-traditional-finance-by-up-to-128-according-to-request-finance-research-302162931.html

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Blockchain Press Releases

HTX Appoints Singapore National Goalkeeper Hassan Sunny as Chief Safeguarding Officer

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SINGAPORE, June 15, 2024 /PRNewswire/ — HTX, a leading cryptocurrency exchange, proudly announces the appointment of Singapore national football team goalkeeper Hassan Sunny as Chief Safeguarding Officer.

“The partnership between HTX, the ‘People’s Exchange’, and Hassan Sunny, the ‘People’s Goalkeeper’, is a perfect match,” said Justin Sun, Member of the HTX Global Advisory Board. “Together, we will work to ensure the safety and security of user assets in the ever-evolving crypto world. Just as Sunny fearlessly protects his goal on the field, HTX is committed to protecting every user’s assets with the same determination and resolve, providing the safest and most reliable investment environment possible.”

Sunny also expressed his excitement about joining the HTX family, stating “I am excited to be part of HTX. I can’t wait to embark on this journey with the team.”

Sunny has been called a national hero in China for his outstanding performance in the final group match of the first round of the 2026 FIFA World Cup Asian Qualifiers against Thailand on June 11th. Despite facing relentless attacks, Sunny made an incredible 11 saves, including a crucial one in stoppage time. Singapore ultimately lost the match 1-3, but their result helped China qualify for the next round at the expense of Thailand.

About HTX:

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Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies – “global development, technology drives development, and technology for good” underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts.

 

View original content:https://www.prnewswire.co.uk/news-releases/htx-appoints-singapore-national-goalkeeper-hassan-sunny-as-chief-safeguarding-officer-302173558.html

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New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund

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Helsinki-based Equilibrium Ventures (EQV), a new seed-stage venture capital fund focused on the crypto sector, has successfully closed the first round of its €30 million fund, raising €6 million from limited partners (LPs). This milestone highlights growing interest in blockchain startups and a promising future for the European crypto ecosystem.

The fund is led by an experienced team of partners: Mika Honkasalo, Henrik Sundvik (formerly of Bain & Company), and Christopher Ahn (ex-Molten Ventures investor). Equilibrium Ventures aims to attract and support founders with deep technical expertise in blockchain technologies, covering areas such as zero-knowledge proofs and smart contracts, essential for developing advanced blockchain solutions.

Equilibrium Ventures has attracted a diverse group of backers, including strategic investors, family offices, and notable LPs like Sebastien Borget, co-founder of the metaverse platform The Sandbox. This support underscores the fund’s credibility and signals growing confidence in crypto investments despite recent market challenges.

Dedicated to crypto infrastructure, Equilibrium Ventures emphasizes rigorous technical due diligence and value addition for pre-seed and seed engineering firms. With a network of about 70 blockchain engineers, mainly based in Europe, the fund is well-positioned to help startups develop robust blockchain technologies.

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The renewed interest in venture capital investment in blockchain, bolstered by evolving regulatory landscapes in the US and Europe, is expected to increase investor confidence in the crypto sector. Equilibrium Ventures, with its technical expertise and strategic support, is poised to become a significant player in Europe’s crypto venture scene.

Looking ahead, Equilibrium Ventures aims for a second close by the end of this summer, targeting 80% of the total fund. This progress indicates strong momentum and the potential for significant contributions to the European blockchain ecosystem.

Source: arcticstartup.com

The post New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund appeared first on HIPTHER Alerts.

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Riot Platforms Acquires 14% Stake in Bitfarms Ltd.

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Riot Platforms, Inc. has announced its acquisition of a 14% stake in Bitfarms Ltd., as detailed in a recent press release by Riot Platforms. This move aligns with Riot’s strategy to influence corporate governance within Bitfarms.

Acquisition Details

On June 13, 2024, Riot Platforms purchased 1,432,063 common shares of Bitfarms Ltd., representing about 0.35% of Bitfarms’ issued and outstanding common shares. The shares were bought on the Nasdaq Stock Market and other open markets at an average price of approximately $2.70 per share, totaling $3,870,293.46.

Before this acquisition, Riot held 56,194,973 common shares of Bitfarms, equating to 13.65% ownership. With the new shares, Riot now holds 57,627,036 common shares, resulting in a 14% stake in Bitfarms.

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Strategic Intentions

Riot Platforms intends to call a special meeting of Bitfarms’ shareholders to nominate several independent directors to the board, citing concerns over Bitfarms’ corporate governance. Riot seeks to influence Bitfarms’ strategic direction and enhance its governance standards.

Riot is continuously reviewing its investment in Bitfarms and may adjust its position based on factors such as market conditions and the company’s financial status. Potential actions include increasing or decreasing its stake, entering into hedging transactions, or proposing additional strategic measures.

Forward-Looking Statements

The press release includes forward-looking statements subject to risks and uncertainties, reflecting Riot’s current expectations and assumptions. Riot cautions investors to consider these risks before making investment decisions.

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Riot’s vision is to become the leading Bitcoin-driven infrastructure platform, focusing on a vertically integrated strategy with Bitcoin mining operations in Texas and electrical switchgear engineering in Colorado.

Source: blockchain.news

The post Riot Platforms Acquires 14% Stake in Bitfarms Ltd. appeared first on HIPTHER Alerts.

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