According to findings from the Continental Migration Report 2021, remittances to African countries are projected to decrease from the $44 billion recorded in 2020 to $41 billion.
The Covid Effect
As expected, the Covid-19 pandemic is identified as one of the main causes of the decline. However, despite this projected 5.4 Read More
Investor advocacy groups urged SEC chair Gary Gensler to more tightly regulate the cryptocurrency industry in a letter on Monday, according to a report by Bloomberg.The letter signed by Americans for Financial Reform Education Fund, the Consumer Federation of America and others, specified stablecoins, crypto lending and exchanges as key Read More
Bitcoin (BTC) investors seem concerned about the increasing speculation that China's second-largest property developer, Evergrande Group, will default on its $300 billion in debts. These fears manifest in global equities markets which saw a 1.5% to 3% drop at this morning's market open. Despite the price move, the BTC outflow (net Read More
YouHodler builds bridges between the fiat and crypto worlds, using crypto assets as either collateral for fiat lending, or through savings and lending products. In the three months leading up to Sept. 14, the most popular savings coin was the stablecoin USDT (17.7% of the total), followed by ethereum (13.1%) Read More
Cryptocurrency usage and trading are experiencing a boom in India, and most of this growth is coming from small cities. According to reports from local exchanges, the growth has been exponential. The profile of these new participants has also been interesting, as they are highly educated, not only focused just Read More
Polymarket runs on Polygon, a sidechain, or parallel network, to the Ethereum blockchain, and the bets are managed by software programs known as smart contracts. The advantage of this setup is that an open system can allow “anyone, anywhere to create markets on anything,” as Polymarket founder Shayne Coplan puts Read More
Bitcoin prices have been better after the second week of September, hovering around $46.5K to $48.5K per unit during the last two days. Meanwhile, bitcoin proponents still believe a significant second-leg up will be happening this year and a recent survey published by Plan B with 123,410 votes shows people Read More
While Africa is seen as one of the smallest cryptocurrency markets, according to a preview of Chainalysis’ Geography of Cryptocurrency annual report, this region has “some of the highest grassroots adoptions in the world.”
African Volumes Mainly Composed of Retail Transfers
The crypto adoption observation for Africa is corroborated by the blockchain Read More
Australian cryptocurrency exchange BTC Markets has observed a significant uptick in older clients using its platform over the past financial year.More older Australians are viewing crypto assets as viable investments according to the data provided by one of the country’s oldest and largest exchanges. In its annual Investor Report, BTC Read More
Ark Investment Management CEO Cathie Wood expects the price of bitcoin to be more than $500,000 in five years’ time, which is over 10 times what it is today. She also shared her view on cryptocurrency regulation and Coinbase’s trouble with the U.S. Securities and Exchange Commission (SEC).
Cathie Wood’s Ark Read More