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
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