• Team Sygnum

Discover the top news in crypto for the week!


Crypto usage is booming in Africa, while digital assets are gaining predominance in humanitarian crises. Meanwhile, investors are bullish on Ethereum 2.0 while new players are starting to embrace crypto. Find out the top 5 crypto news of this week.

 

Generating income in the crypto market

Crypto investors have multiple ways to generate income, from earning crypto interest to decentralised finance (DeFi). This week’s Sygnum Digital Nugget covers how investors can earn a yield from their crypto holdings, offering higher rewards than any traditional investment vehicle. Discover more about crypto interest vehicles, including crypto yields with market risk, decentralised insurance, liquidity incentives, arbitrage, and more. Read more

 

Tour the Metaverse: An inside look from people building the $8 trillion virtual reality that’s changing the world

The Metaverse is taking individual investors and corporations by storm, with rising adoption and new financial opportunities. Institutions and brands like Samsung, Miller Lite, JP Morgan, McDonald’s, and Nike have bought land on Metaverse platforms or incorporated the new virtual world into their products. Recently, Goldman Sachs estimated the Metaverse to be an $8 trillion opportunity, while JP Morgan predicts it can generate $1 trillion a year in revenue. Read more

 

Crypto users in Africa grew by 2,500 percent in 2021: report

A new research report by KuCoin revealed that the number of crypto users in Africa grew by 2,670 percent in 2021. Africa is the region with the highest rate of crypto adoption, even though it represents 2.8 percent of the global crypto volume, with initiatives like Bitcoin Senegal moving it forward. According to Johnny Lyu, CEO of KuCoin, ‘the adoption of digital assets in Africa will continue to grow exponentially.’ Read more

 

Crypto provides fix for some in crisis-hit Afghanistan

Bitcoin is becoming a geopolitical tool for populations affected by war conflicts and humanitarian crises. The current economic crisis in Afghanistan is leading people to turn to crypto, receiving donations and international help in digital assets to cover living expenses (e.g., rent). The founder of an NGO in the country stated that ‘crypto is a tool that can change the lives of people living in an authoritarian regime.’ Read more

 

Traders bet on ether staking after ETH 2.0 upgrade

Last week, developers successfully tested Ethereum 2.0, giving a positive outlook for the definitive merge this year. Traders and investors are predicting attractive rates from staking ETH 2.0, while more institutions will be looking for ether. The 2nd biggest crypto asset will become deflationary, and it is becoming seen as an inflation hedge, similar to bitcoin. Read more



To be the first to get the latest news on Sygnum and the market, expert insights and industry research please follow us on Linkedin and Twitter.




Disclaimer

This document is purely for educational purposes and has been issued by Sygnum Group. It is not intended for distribution, publication, or use in any jurisdiction where such distribution, publication, or use would be unlawful, nor is it aimed at any person or entity to whom it would be unlawful to address such a marketing communication. It does not constitute an offer or a recommendation to subscribe, purchase, sell or hold any security or financial instrument. It contains the opinions of Sygnum Group, as at the date of issue. These opinions and the information contained herein do not take into account an individual‘s specific circumstances, objectives, or needs. No representation is made that any investment or strategy is suitable or appropriate to individual circumstances or that any investment or strategy constitutes personalized investment advice to any investor. Therefore, you must verify the above and all other information provided in the document or otherwise review it with your external advisors. Some investment products and services, including custody, may be subject to legal restrictions or may not be available worldwide on an unrestricted basis. The information and analysis contained herein are based on sources considered as reliable. Sygnum Group uses its best efforts to ensure the timeliness, accuracy, and comprehensiveness of the information contained in this document. Nevertheless, all information indicated herein may change without notice.

40 views