​​South Africa Leads Crypto Revolution In Africa – Challenges Spur And Slow Adoption

Africans rank atop global cryptocurrency ownership rates, according to a new report by Arcade Research. South Africa ranks third globally with 13% of its internet users owning or using cryptocurrencies, while 11% of connected Nigerians own cryptocurrencies in the fifth-placed populous West African country.

Uganda, Nigeria, South Africa, Kenya, and Ghana are listed in the report among the top 10 countries where “cryptocurrency” is most searched on Google. Economic challenges work both ways, as the digital divide slows the adoption of cryptocurrency while high financial fees make virtual currencies an attractive alternative.

Africa also has some of the world’s most inflationary economies where fiscal indiscipline and controversial monetary policies sometimes erode citizens’ savings overnight. Apart from governments’ heavy hand, external factors such as sanctions and conflict also threaten savings, making cryptocurrency a less exposed investment.

Sub-Saharan Africa records $48 billion remittances annually but transaction fees go as high as 9%, while some mobile payment transfer services charge around 11%. Cryptocurrency use is also a way to undercut the disadvantages of centralization while eliminating high remittances cost.

Arcane Research notes lack of infrastructures such as crypto mining operations, supporting merchants, smartphone penetration, and internet connectivity as slowing the uptake of cryptocurrencies. With rural-majority populations in some countries, significant swaths of the continent are not electrified, limiting the reach of bitcoin and other digital assets. .

According to the report, lack of policy clarity, with close to 60% of African governments yet to announce their positions on cryptocurrencies, slows down adoption.

“Africa is one of, if not the most promising region for the adoption of cryptocurrencies,” - said the report.

“This is due to its unique combination of economic and demographic trends. While the overall adoption is relatively low, the potential is enormous, the growth is rapid, and the development is likely to become defining for the cryptocurrency industry going forward,” it added.

​​Alts are starting to make waves. Some of them have upcoming major upgrades/new releases while others onboard new holders in anticipation of the pump. TOP 10 best performing altcoins with mcap $10M+ during last week.

⁠Industry at a Crossroads, Crypto Enters Fourth Phase of Development

A recent Andreessen Horowitz report says crypto is in its growth stage, but critics say the industry is yet to create end-use value.

​​Two days after the listing, Celo price began to move up. cGLD is now trading at ~1.6x from the auction price, peaking at 3x.

​​Telegram has withdrawn its appeal over a previous court decision that backed the SEC in prohibiting the issuance of “gram” tokens to investors both in and out of the U.S.

​​With decreased competition from miners, Bitcoin mining is back to profitability at USD 9,000.

​​The green trend line might have meaning as well here. But be aware, wedges play out more of often than they fail, but they can fail. It it fails, 80/90% of the time you get to see a counter move, which means, a big dump. So think if it drops below the wedge, with a max of 8500, maybe 8400, it could mean a complete failure and possibly get to see that big, fast, high volume dump to 7000 I described above. So there is a chance, that coming day or 2, that we might get a decisive move for the trend coming weeks/months.

​​Another shitcoin pumping. At week timeframe it look like grand reversal. Especially if it will close above 70 resistance. Good to enter MITH on pullback to 50-55. Lowest support at 45.

@CryptoWorldTina #MITH

​​KNC making nice reversal pattern at smaller timeframes. If fail to break 8k resistance on that attempt, we will catch it at lower support. If succeed, will get to 8600 - 9000.

@CryptoWorldTina #KNC

​​Chat chart request 💬

ARN pumped together with market. Buy on pullback at support zone 1215-1260
Targets 1345 / 1400 / 1480

​​Grayscale Accumulates 34% of New BTC as Weekly Investments Tag $30 Million

Crypto fund manager Grayscale Investments is believed to have purchased one-third of new Bitcoin for three months.

​​MATIC chart update 📈

Target 258 . Next 267 is very close so should be hit as well. breakout above may pump it to 285.

Last post: next target is 258 / 267

@CryptoWorldTina #MATIC

​​The state of Louisiana might soon pass a bill to offer licenses for crypto businesses to operate legally.

The new bill got unanimous initial approval from Louisiana’s House of Representatives last week, but there is still a long road ahead. The bill next goes to the State Senate, and then to the Committee on Commerce, Consumer Protection, and International Affairs for further approval.

​​Time to buy $CDT on current support 🚀

⁠Australian University Launches Blockchain Postgraduate Program With IBM

Australian research university RMIT announced two postgraduate programs in cybersecurity and blockchain.

​​#REQ hit 185
Target 2 3 4 ✅
46% safe profit
If you invested 1 btc it's now 1.46 btc now.
Always trade with us for max profit!
Low risk calls high end profit.

​​The green trend line might have meaning as well here. But be aware, wedges play out more of often than they fail, but they can fail. It it fails, 80/90% of the time you get to see a counter move, which means, a big dump. So think if it drops below the wedge, with a max of 8500, maybe 8400, it could mean a complete failure and possibly get to see that big, fast, high volume dump to 7000 I described above. So there is a chance, that coming day or 2, that we might get a decisive move for the trend coming weeks/months.

​​Binance Futures will launch THETA/USDT perpetual contract as of May 27. Users will be able to select between 1-50x leverage. Theta will have a mainnet upgrade on May 27. In anticipation of this upgrade THETA coin price increased by more than 300% during last 30 days period.

​​Another Ethereum DeFi token surged 10,000% in 2 hours — an analyst thinks it was 4chan… again

Just days after an Ethereum-based decentralized finance (DeFi) token surged 400 percent earlier this week because of users of the anonymous messaging board 4chan, it happened again.
And this time, the altcoin saw gains of more than 400 percent. Much, much more than 400 percent.

The issue is: the token that rallied has no intrinsic value, but people bought it anyway.

Ethereum token registers 100x in two hours

@CryptoWorldTina