AMTD is acquiring virtual real estate in The Sandbox and appointing a “chief metaverse officer”.

The post AMTD to build “SpiderNet World” in the metaverse appeared first on Digital Finance.

Ethereum’s dominance in non-fungible tokens (NFTs) is declining due to high gas fees and excessive congestion, investment banking giant JPMorgan said in a report. In a note published last week, analysts led by Nikolaos Panigirtzoglou even highlighted that Ethereum’s NFT market share has already dropped to 80% from 95% at the beginning of 2021. The blockchain network could be specifically losing its NFT market share to rival Solana, which has been gaining massive traction over the last year. The bank cautioned that if Ethereum’s loss of NFT market share continues this year, it could be a bigger problem for its overall valuation. Another area of Ethereum’s falling dominance is in the decentralized finance (DeFi) sector. Last week, in a note to clients, analysts Nikolaos Panigirtzoglou, wrote: “It looks like, similar to DeFi apps, congestion and high gas fees has been inducing NFT applications to use other blockchains.” Scaling is also required to maintain its dominance in the DeFi sector. According to the strategists, the final phase of the sharding won’t happen before 2023. With sharding being critical for scaling, this means full-blown scaling is at least a year away. In that period, the Ethereum Mainnet risks continued losses of market share to competing networks like Binance Smart Chain, Terra, Fantom, Avalanche, Tron, Polygon including Solana as they have been gaining the biggest share of the DeFi market. These blockchains have already attracted a lot of funding and increased their own user base. The bank noted that by the time sharding of Ethereum is implemented, other ecosystems will grow so extensively that activity won’t return to Ethereum.

The post Ethereum is Losing Out to Solana in NFTs, Claims JPMorgan appeared first on Cryptoknowmics-Crypto News and Media Platform.

Nabeel Vilcassim joins as chief financial officer (CFO) and Oliver Furniss as chief product officer (CPO).

Lauren Webster and Bryant Williams Promoted to Partner as DBO Sees Record Growth in 2021 SAN FRANCISCO–(BUSINESS WIRE)–DBO Partners (“DBO”), a leading San Francisco Bay Area investment and merchant bank is pleased to announce the promotion of Lauren Webster and Bryant Williams to Partner; Gregory Schorr and Stephen Urban to Vice President; and Peter Krebs […]

The post DBO Partners Announces 2022 Promotions appeared first on Fintech News.

Despite the volatility the crypto market experienced in 2021, the year turned out to be a net positive for almost every aspect of the crypto industry.

The post 2021 was the year of institutional crypto adoption appeared first on CryptoSlate.

Chief Operating Officer, Chief Revenue Officer, and Chief Financial Officer join Wabbi leadership team at a time of heightened growth in putting SecDevOps at the forefront of automating application...

(PRWeb January 18, 2022)

Read the full story at https://www.prweb.com/releases/wabbi_expands_c_suite_with_key_executive_hires/prweb18440469.htm

Latin America’s Leading iBuying and Real Estate Tech Company Continues to Build Out Executive Team with Former Bank of America Merrill Lynch Managing Director and Head of Latin America Financial Institutions, FinTech & Real Estate NEW YORK–(BUSINESS WIRE)–Habi, one of the largest real estate technology companies in Latin America, today announced the appointment of Marcos […]

The post Marcos Kantt Joins Habi as Chief Financial Officer appeared first on Fintech News.

Big Tech stocks are selling off so dramatically as a product of, ‘yes US rates are likely to go up further this year,’ but also as investors rotate into value and cyclical trades.  A recent chorus of Fed speakers that have said they are open to raising interest rates in March, which means the possibility […]

On Friday January 7, XP Inc. a Brazilian investment management company, announced an agreement reached that would make it acquire Banco Modal, a Brazilian investment banking firm.

Hannaford spent 25 years at Goldman Sachs in London and New York.

FinTech Futures takes a look back at some of the year’s top core banking deals.

Commodities is an industry of a massive scale and it’s here to stay. This is where Sid Patil finds his niche. Sid is the co-founder and...