• A car recently rammed into a metal barricade outside of Sam Bankman-Fried’s California home, with three men exiting the car and telling a security guard that they won’t be able to keep them out.
• Ransomware payments fell 40% in 2022, with attackers extorting at least $456.8 million in funds compared to $765.6 million in 2021.
• Crypto is now the second most widely owned asset class for women, with female ownership of crypto jumping from 29% in Q3 to 34% in Q4 2022.
Recent events have shown that crypto is becoming an increasingly popular asset class for women. On Thursday, lawyers of FTX founder Sam Bankman-Fried filed a Manhattan federal court filing that a car “recently” intentionally rammed into a metal barricade outside the California, USA, home where he is serving out his house arrest. Allegedly, three men exited the car and told a security guard: “You won’t be able to keep us out.”
At the same time, the payments of ransomware have dropped dramatically. According to a new report by blockchain forensics firm Chainalysis, ransomware payments are down 40%, with attackers extorting at least $456.8 million in funds in 2022, compared to $765.6 million in 2021. Chainalysis suspects that the decline is due to victim organizations increasingly refusing to pay ransomware attackers.
In terms of adoption, crypto is now the second most widely owned asset class for women after cash, “suggesting it is succeeding where traditional financial markets have sometimes failed in bringing more women to the table,” said an eToro report. The female ownership of crypto jumped from 29% in Q3 to 34% in Q4 2022, whilst men saw only a 1 percentage point rise from 42% to 43% of the surveyed investors.
Global offshore law firm Harneys acted as Cayman Islands counsel to HashKey Capital, a global asset manager specializing in blockchain and crypto, on the acquisition of a stake in Singaporean-based cryptocurrency exchange KuCoin. This acquisition is part of HashKey Capital’s plan to become a strategic investor and long-term partner of KuCoin. The firm is also looking to expand its operations into the US and Europe in the near future.
These recent events demonstrate that crypto is becoming a popular asset class amongst women, and that the industry is continuing to grow and expand. As more people become familiar with crypto and blockchain technology, it is likely that even more people will become interested in investing in crypto assets. It is clear that the crypto sector is here to stay and that it is becoming increasingly attractive to all types of investors.