Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Blockchain

EmTech Investment Meeting in Davos Gathers Investors with More Than $400 bn AUM

Published

on

 

The Emerging Technologies Investment Meeting in Davos gathered leading industry players and major investors to discuss the hottest topics in finance, including social impact and sustainable investment, as well as the evolution of the global financial market.

The meeting offered three days of complete immersion into the world of deep tech and institutional finance, with the participation of leading global investors representing more than $400 billion in AUM.

The annual Emerging Technologies Investment Meeting in Davos once again looked at impact investments in emerging tech through a fascinating series of panel discussions and keynote speeches.

The EmTech Investment Meeting brings together business leaders, investors, PE & VC Funds, Corporate VC, hedge funds, professional traders, family offices, government representatives, and journalists.

The three-day programme commenced on 20 January 2020 with an evening event entitled “Sustainable Investments and Social Impact of Emerging Technologies.” The discussion began with opening remarks from Daniyal Baig (Forbes Middle East). Speakers from the investment and academia spheres included Sandro Salsano (Salsano Group & Salsano Family Office), Ibrahim AlMojel (Saudi Industrial Development Fund), Pär Lindstrom (i(x) Investments), Henrik Lundin (IMAS Foundation), Sebastiaan Ranner (MN), Carlos Sanchez (Willis Towers Watson), Christian Wipf (Schaffhausen Institute of Technology). The perspective on emerging technologies and trends was presented by Alexander Prokhorov (MultiGreen), Peter Fedichev (Gero AI), Brian Kean (Sensorium), Evgenii Borisov (VIMANA), Yusef Khesuani (VIVAX BIO/3D Bioprinting Solutions), Sergey Sholom (GNation Foundation) and David Solomon (Blueprints).

Dr. Tobias Reichmuth (SUSI Partners), who moderated the panel discussion “Sustainable Finance: a Must for Institutional Investors,” said: “Climate change is one of the most-discussed topics at Davos this year, which means that sustainable finance has an importance like never before. We have seen in our panel that while certain barriers must still be overcome, capital is available and we are generally going in the right direction. ”

Peter Fedichev, Founder of Gero, noted: “In 2019 we achieved rejuvenation in mammals using an intervention discovered by artificial intelligence. It is a significant milestone for the AI and biotech industries. We are happy to announce it here at the EmTech conference at Davos, which is an impressive gathering of people interested in impact investments.”

Brian Kean, Head of International IR and Voice Creation at Sensorium, told the audience: “As content creators, we ask you all to keep an eye out for our late 2020 world-wide launch. The Social VR experience in the Sensorium Galaxy is the next step in social networking.”

This session was followed by a fireside chat between Arif Khan (Alethea AI) and Dan Patterson (CNET and CBS News) about the synthetic media revolution.

Day two (21 January 2020) of the programme took place at Davos’ HardRock Hotel, leading with a discussion on “Evolution of Financial Markets.” The discussion featured opening remarks from Zack Seward (CoinDesk), followed by keynote speeches from Charles Hoskinson (Cardano foundation), Lennix Lai (OKEx) and Ciara Sun (Huobi Group); and a panel discussion entitled “The Beginning of Institutional Era for Digital Assets: Custody, Prime Brokerage, Exchanges, Hedge Funds” presented by Rupertus Rothenhaeuser (SIX Digital Exchange), Steve Kelso (Galaxy Digital), George Zarya (Bequant Prime Brokerage), Marc P. Bernegger (Crypto Finance AG) and moderated by Jemima Kelly, a reporter at FT Alphaville, Financial Times.

The evening proceeded with a talk by Ezequiel Steiner (Acronis), Ali Mizani Oskui (FiCAS) and presentation by Lennix Lai (OKEx) entitled, “Disrupting the Future: Financial Markets Evolutions,” and a fireside chat between Brian Collins (Horizon) & James Haft (PALcapital).

The second day concluded with a panel discussion on Investments in Digital Assets in Asia with Hugh Madden, CEO at BC Group, and other thought leaders from OKEx, Huobi Group, PALcapital, and was moderated by Tom Blackwell, CEO of EM.

Ciara Sun, Vice President of Global Business at Huobi Group, stated: “There is an industry-wide consensus that institutional investors and HNWIs will be the major contributors of growth for the crypto economy in 2020 and beyond, but barriers like low liquidity and a lack of asset enhancement products are stalling widespread adoption. By introducing institutional-grade products and liquidity solutions that cater to the needs of institutions and eliminate existing barriers, we are aiming to help drive the entire crypto-economy forward.”

According to Lennix Lai, Financial Market Director at OKEx: “Unbankedness has been a global challenge. The underprivileged who are not able to afford or return with enough economic benefits to the bank are left behind from a decent living standard.”

Diego Gutierrez Zaldivar, CEO of IOV Labs, commented: “We are thrilled to have been sponsors at the EmTech Investing Meeting 2020, as it has touched upon topics that are at the heart of our organization. IOV Labs is focused on developing the platforms needed for a new blockchain-based financial system that will enable worldwide financial inclusion and bridge the gap between these nascent technologies and mass adoption. We are aiming to do this through RSK Smart Contracts that extended Bitcoin´s functionalities, RIF (RSK Infrastructure Framework) that is creating the building blocks to construct a fully decentralized internet by adding identity, storage, communications, marketplaces, micro-payments, and gateways layers, and Taringa — the world’s largest Spanish-speaking social medial network with 30 million users and over 1,000 active online communities.”

On day three, EmTech IM held a discussion on the travel rule and data privacy with opening remarks from Michael Casey of CoinDesk, followed by a keynote address by Jason Hsu, Congressman and President of the Taiwan Parliamentary Coalition for Blockchain & Industry Self-Regulatory Organisation (SRO).

This was followed by two panel sessions. The first, entitled, “Travel Rule and Data Privacy,” featured presentations by Nathan Kaiser (Cardano Foundation), Anson Zeall (Blockchain Association) and Ron Tucker (IDAXA).

The second panel session was entitled, “Compliance Solutions for Business,” included the speakers Delphine Forma (Lykke Business), Gino Wirthensohn (Sygnum), Guido Rudolphi (SEBA Bank AG), David Riegelnig (Bitcoin Suisse) and Zurab Ashvil (L3COS), and was moderated by Anna Poullain, freelance journalist for Vice News, Getty Video and Reuters.

Zurab Ashvil, CEO at L3COS, stated: “Without having a single universal platform for governments, businesses and individuals worldwide, there is no practical solution for addressing the underlying blockchain problems that we are facing today.”

Founders of the EmTech Investment Meeting, Anna Palmina and Alena Yudina, said:

“We are delighted to be in Davos to bring topical debate and knowledge from incredible speakers to an audience thirsty for content on world-changing issues — such as the growing recognition that the societal and environmental impact of investments is of equal importance to their financial returns. There is no better place than Davos to discuss such issues, where the best global minds in finance, government, business and technology come together. We are honoured to be hosting an event where positive and world-changing conversations can take place.”

All panel discussions and keynote speeches were recorded. To request video or quotes from speakers and other information, please contact EmTech IM’s organisers at [email protected]

 

SOURCE EmTech Investment Meeting

Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

Blockchain

Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing

Published

on

supply-chain-finance-market-forecast-to-reach-$9.4-billion-by-2029:-increasing-emphasis-on-sustainable-sourcing

Global Supply Chain Finance Market

Continue Reading

Blockchain

Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest

Published

on

web3-startups-raise-nearly-$1.9b-in-q1-2024-despite-overall-downtrend-in-crypto-vc-interest

Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.

The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.

While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.

Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.

A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.

Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.

Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.

Source: cryptonews.com

The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

ASIC cracks down on blockchain mining firms

Published

on

asic-cracks-down-on-blockchain-mining-firms

Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.

According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.

The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.

ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.

In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.

While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.

Source: iclg.com

The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.

Continue Reading
Advertisement
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE