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Search results for April 6

Crypto

Five reasons VCs focus on stablecoin payments despite crypto funding winter

Crypto venture investment slowed sharply in the first quarter, with total funding falling to about $4 billion across 355 deals, Galaxy Research data showed. Crypto media WuBlockchain said investors are favoring companies with customers, revenue and real payment volumes, and it highlighted stablecoin payment startups as one of the few areas still seeing sizable rounds. It outlined five drivers: cross-border efficiency, clearer revenues, invisible backend use, regulatory shifts and clearer M&A exits.

Crypto

Bitcoin adoption seen accelerating via U.S. advisory, brokerage and retirement accounts

Bitcoin may spread to a broader audience through advisory accounts, brokerage accounts and retirement products rather than crypto exchanges, according to a report cited by CryptoSlate. Grayscale sees traditional finance channels expanding access for millions of retail investors. Surveys show more advisers can buy crypto in client accounts, aided by U.S. SEC approval of spot bitcoin ETPs. Potential changes to 401(k) rules could also affect retirement options, although allocations would depend on trustees.

Finance

Samsung Securities ghost shares lawsuit ends after 7 years; top court upholds 1.87 billion won payment to NPS

South Korea\'s Supreme Court has wrapped up a damages lawsuit filed by the National Pension Service over losses from Samsung Securities\' so-called ghost shares dividend incident. The court upheld an appeals court ruling that limited Samsung Securities\' liability to 50 percent of the total loss and ordered it to pay about 1.87 billion won. The ruling also maintained the method of calculating losses based on the gap between sale prices and a normal price absent the incident.