NORTHSTAKE

As investors are increasingly drawn to staking their crypto assets, Moody's Ratings has interviewed NORTHSTAKE to shed light on this phenomenon and explore the risks investors should be aware of. Check out the Q&A installment from Bits, Bytes, and Basis Points below to learn more 👇

Wrapping up a fantastic #EthCC! 🌟 EthCC was an experience filled with great conversations, innovative ideas, and countless opportunities to connect with fellow enthusiasts and professionals in the #Ethereum ecosystem. If you didn't get a chance to catch up with our Chief Commercial Officer, Stefan Becker, there's still time. Stefan will be in town until tomorrow, and he's eager to continue the conversation about Northstake's journey in building regulatory-compliant crypto asset staking products for institutional investors. Don't miss this chance to connect, break barriers, and explore how we can collaborate to push the boundaries of what's possible. Reach out to Stefan directly to keep the momentum going!

NORTHSTAKE is ready for another day at #EthCC! If you want to talk institutional-grade staking (or get insider tips on the best side events) hit up our CCO, Stefan Becker. He'll be in Brussels until Friday. Stay strong through the stormy weather and make the most of the day! #EthCC2024

Kvarn X is live in Denmark with local MitID onboarding! 🤝 Now, Danish investors can easily access NORTHSTAKE'S staking services through Kvarn X's user-friendly trading platform 📱💻 Take your digital asset journey to the next level by signing up at https://www.kvarnx.com/en Onwards and upwards 📈

As staking grows, investors face technology, regulatory and counterparty risks   Both institutional and retail investors are showing heightened interest in crypto asset staking. This surge in interest, especially in Ethereum staking, has driven substantial growth in the staking market. However, it also exposes investors to numerous risks due to the technological complexities involved. Our CEO, Jesper Johansen, CRCO, Sebastian Heine, Head of Product, Luca Sorlini, and CFO, Casper Wassmann were interviewed about various staking models and the risks associated with them in a recent article from Moody's Ratings. They provided insights into the tax implications of staking and the potential integration of staking rewards into Ether ETFs, they also shared criteria that can be used to evaluate staking service providers to ensure their commitment to high operational integrity and risk management standards.      Below is a summary of key points from Northstake’s responses to Moody's Ratings' questions: - Staking reached a peak market cap of $350 billion in 2024, with Ethereum being the largest proof-of-stake blockchain network. Various stakeholders are offering staking services via three main methods: solo staking, staking as a service, and pooled staking, each carrying unique rewards and risks. - All three staking methods face market and technological risks, while staking pools introduce additional risks like commingling of assets, sanctions exposure, tax regulation uncertainties, and issues with liquid staking derivatives. - For comprehensive risk assessment of staking counterparties, investors should consider factors such as regulatory compliance, transparency, and external audits. By doing so, they can select a provider that not only exhibits strong operational integrity and efficient risk management strategies, but also aligns with their personal risk tolerance and investment goals. To find the rest of their answers, see the pdf below 👇 #moodys #moodysratings #staking #northstake #crypto #regulation #riskmanagement #risktolerance #riskassassment #counterpartyrisks #retailinvestors #institutionalinvestors #taximplications #stakingrewards #operationalintegrity #ethereum #ETH

Bitcoin ETFs: Boon or bane for decentralization? Bitcoin ETFs are stirring up the crypto world. Are they a game-changer for mainstream adoption or a threat to the very essence of decentralization? 🤔 Experts weigh in on the potential impacts, from increased accessibility for investors to concerns over centralized control. 💡 The big question: Could the concentration of BTC by ETF providers undermine the decentralized ethos of Bitcoin? Curious about what the future holds for Bitcoin Inc. and decentralization? Check out the latest commentary from Sebastian Heine, our Chief Risk and Compliance Officer, who shared insights on the potential implications of Bitcoin ETFs in a recent Kitco Metals Inc. Article. Press the link below to read the full article and insights from other experts such as: Andreas B., Founder and CEO of SideShift.ai, Robert Persichitte, CPA and Affiliate Professor at Metropolitan State University of Denver, Matt Webb, Co-Founder of Wevr.ai, Matthew Le Merle, Managing Partner and CEO at Blockchain Coinvestors, Dan Hoover, COO and CCO at Castle Funds, Oleg Fomenko, Co-Founder at Sweat Economy, Mauricio Di Bartolomeo, Co-Founder of Ledn, Nick Cowan, Group CEO of Valereum PLC, Phil Ryan, Co-Founder of Mapt (Techstars '24).ODL Tim Delhaes, CEO at Grindery Analysts at Bitget and Bitfinex https://lnkd.in/d6Gs-HVH #bitcoin #etfs #bitcoinetf #ethereum #regulation #cryptoregulation

The countdown is on! Northstake will be attending EthCC (Ethereum Community Conference) this July! 🚀 Our CCO, Stefan Becker, will be on-site. Feel free to reach out to him here on LinkedIn if you would like to schedule a meeting or grab a quick coffee. ☕ Dates: July 7 - 11 Location: Brussels 🇧🇪

Yesterday's #cryptomorning was a success! A big thank you to all of you who participated in the discussions on EU market access for third-country crypto businesses. ☕ Topics covered included: - EU market access for third-country crypto businesses - Elaboration of MiCAR requirements and implications - Strategies for compliance and market entry - Insights from leading experts on regulatory challenges and opportunities - Tax reporting on crypto assets and transactions We have more events coming up, so don’t worry if you missed out this time. Keep an eye on our socials to make sure you don’t miss the next one! Shoutout to the organizers and speakers: Stefan Becker, NORTHSTAKE, Delphine F. ,Solidus Labs, Lucas Betschart, 21 Analytics, Marcos Benítez Rubianes, Copper.co, Markus Abbassi, Kaleido Privatbank AG, Maxime Ochrymowicz, EY, Orkan Sahin, EY, Patrick FitzGerald, EY, Darko Stefanoski, Nora Jehle, and Sebastian Feige #EY #Crypto #EUMarketAccess #MiCARRequirements #ComplianceStrategies #RegulatoryInsights #CryptoTaxReporting

The Two-Class System of Regulation Plaguing Europe The rise of digital assets in the financial environment has presented both unprecedented challenges and opportunities for regulators worldwide. The European Union, the largest governing body to address these through the Markets in Crypto-Assets Regulation #MiCAR, now faces a crucial moment. It must navigate the complexities introduced by non-custodial crypto asset service providers. Sebastian Heine, our Chief Risk and Compliance Officer, highlights this issue in his latest opinion editorial for Bitcoin.com He notes that while MiCAR defines various crypto-asset services, it falls short of encompassing non-custodial providers. This omission creates significant loopholes in AML and sanction laws, potentially increasing risks of fraud and financial crime. As the European Commission works on future legislation, bridging this regulatory gap is essential for ensuring consumer protection and financial stability. Press the link below to read Sebastian's full article for more insights: https://lnkd.in/diFsKDbK

Are Solana and Polygon Labs Safe Now That U.S. Securities and Exchange Commission’s Ethereum Investigation Is Over? The short answer is: probably not—but it’s complicated. 🤔 If the #SEC is no longer investigating #Ethereum, does that mean other similar cryptocurrencies are in the clear? Sebastian Heine, our Chief Risk and Compliance Officer, addressed this in a Decrypt article, explaining that while each cryptocurrency is unique, the end of the Ethereum investigation could "strengthen” some cases. He continued with “The SEC is still very crypto negative so there shouldn’t be any high expectations from the SEC acting favorably towards other proof-of-stake coins,” To read more about this, press the link below: https://lnkd.in/eDb9EcwM #solana #crypto #proofofstake #staking #coins