“Data published by statistics firm Statista has revealed Nigeria is the leading country per capita for Bitcoin and cryptocurrency adoption, with nearly one in three survey respondents indicating they used or owned crypto assets in 2020. The pre-existing prevalence of mobile phone based peer-to-peer payments has led many Nigerians to explore cryptocurrency.
On Feb. 17, BTC was trading at a 36% premium in Nigeria. Nigeria also dominates search traffic for the keyword “Bitcoin”.
Crypto adoption is also strengthening in South-East Asia, with 21% of Vietnamese and 20% of Filipino participants responding they had used crypto last year. Turkey and Peru were found to be the third and fourth-ranked nations for adoption, with 16% of respondents from each country directly engaging with crypto.”
“RAI, a new type of stablecoin that is not pegged to any specific fiat currency, has gone live on the Ethereum mainnet.
You don’t need to peg to anything in order to be stable. The most important thing to understand is that DeFi can and should be detached from the fate of the US Dollar.
If RAI fulfills its purpose within DeFi and starts to earn global adoption, it could prove to be a viable solution to the Triffin Dilemma, and bring credible neutrality to the administration of a stable global reserve asset, a global public good.”
See Also: China-US Conflict Gives Opening for Crypto, Suggests Vitalik Buterin
“The NVIDIA CMP (cryptocurrency mining processor) is purely focused on computing power, and isn’t built to handle graphics. A lack of display outputs is meant to improve airflow, and lower core voltages will supposedly increase efficiency.
The company is also lowering the computing power of its RTX 3060 graphics drivers, making them less efficient for mining.
By intentionally lowering the computing power of the RTX 3060, and launching a new processor designed specifically for pro miners, NVIDIA is hoping to address those shortages.”
“The Travel Rule Information Sharing Alliance (TRISA), one of the better-known solutions being proposed, is launching a testnet that includes a directory of virtual asset service providers (VASPs) and scenario testing for inevitable contact with non-compliant firms.
The TRISA testnet begins to address that looming challenge by including a dummy version of an “evil VASP” that will provide false authentication, attempt to steal data and so on.
The solution leverages battle-tested certificate authority infrastructure that allows VASPs to mutually authenticate one another. Post-testnet, TRISA will be issuing know-your-VASP certificates, validated by a registration authority.“
“The spotlight was definitely on the gamified trading app, rather than the traders on r/WallStreetBets.
That lack of scrutiny towards Gill and Huffman does much to quell widespread fear that the events surrounding explosive trading in GameStop (GME) shares at the end of January would kick off probes into social media platforms’ role in potential market manipulation.
The nature of Robinhood’s revenue model, which is based on the sale of order flow, while advertising itself as commission-free, fell under mass scrutiny, as did it’s dependence on a $3 billion injection of capital to meet collateral requirements.
I believe a vulnerability was clearly exposed in your business model. We just can’t live in a world where my constituents can have their shares liquidated if you can’t make a capital call.”
See Also: Robinhood to Allow Deposits, Withdrawals for Cryptos Including Dogecoin
“Most institutions favor a two-level model for a digital ruble in which banks open wallets on clients’ behalf on the central bank’s platform. Banks had feared being drained of liquidity under the original concept for the digital currency.
The new model will be presented for discussion with the public and stakeholders at the start of this summer.”
The Disrupt 