The United States sits atop Coin Journal’s list of most desirable crypto countries, garnering a 9.94 score out of 10. The US crypto industry is worth an estimated $46.95 billion and employs 5,691 people across 1,992 crypto-related businesses. This dwarfs that of other countries on the list such as the UK ($8.16 billion), Germany ($4.6 billion), France ($5.7 billion) and Vietnam ($2.7 billion).
Coin Journal’s report took multiple factors into account when ranking these countries including the number of cryptocurrency owners by country, investment companies, crypto startups and average gains from crypto per country. Other reports such as Chainalysis‘ annual Geography of Cryptocurrency Report also include wider issues like macroeconomic environment and policy/regulatory conditions when making its recommendations.
In the cryptocurrency industry money talks with capital driving geographies with more potential to work with it. For instance Switzerland is home to Zug’s famous „crypto valley“ canton; while UAE is home to Binance and Estonia has been referred to as „digital capital of Europe.“ These places have made various top five lists but none have come close to competing with the U.S., which still remains at number one for now.
Though money obviously plays a key role in determining success for any given country or region’s cryptospace it does not necessarily reveal all factors necessary for a complete picture. Therefore while rankings are useful they should be taken only as part of a larger analysis taking into account all relevant factors such as quality of life or cost of living when considering investments opportunities in different regions around the world .
• Mastercard NFT product lead Satvik Sethi announced on February 2nd that he has resigned from his position due to harassment and distress from management.
• Sethi tokenized his resignation letter as an NFT and is selling it for 0.023 ETH ($38.00) to support himself.
• Mastercard has not commented on Sethi’s resignation, but it is likely that their cryptocurrency plans will remain unaffected.
Mike Dalton was surprised to hear the news on February 2nd that Satvik Sethi, the Mastercard NFT product lead, had resigned from his position. Sethi had been with the company for the past year, and was responsible for fielding all questions about Web3 from partners, clients, and regional teams.
Sethi announced his resignation in a series of tweets, citing harassment and distress from management as the primary reason. He stated that his salary had been denied to him, his employment contract had been overridden, and that he had been blocked from online accounts. In order to support himself, Sethi tokenized his resignation letter as an NFT and is selling it at 0.023 ETH ($38.00). This token is being sold on Manifold, and has been met with 38 mints at the time of writing.
In addition to selling his resignation letter, Sethi stated that he will air drop additional artwork to his supporters in the future. Despite his key role in the company, Mastercard has not commented on Sethi’s resignation. However, it is likely that their cryptocurrency plans will remain unaffected. Last June, Mastercard had partnered with various NFT marketplaces, including ImmutableX, Candy Digital, The Sandbox, Mintable, Spring, and Nifty Gateway, allowing cardholders to buy NFTs with their cards.
It is uncertain if Mastercard will be able to find a suitable replacement for Sethi’s role, or if they will instead choose to divide the responsibilities between different members of the team. Nevertheless, Sethi’s resignation is a reminder of the importance of creating a respectful and supportive work environment for all employees.
• Conflux native token (CFX) has surged up to 60% in the last 24 hours, following the protocol’s successful integration with the Chinese app called Little Red Book.
• Little Red Book announced on Jan. 24 that it has integrated with Conflux to allow its users to mint their non-fungible tokens (NFTs).
• NFTs minted on the Conflux network can be displayed on their profile page in the digital collection section called R-Space.
Conflux, a layer 1 blockchain protocol, recently announced its successful integration with the Chinese app Little Red Book, causing the price of its native token (CFX) to surge up to 60% in the last 24 hours.
Little Red Book, which has over 200 million users, announced on Jan. 24 that it has integrated with Conflux to allow its users to mint their non-fungible tokens (NFTs). As a result of this integration, users are now able to mint their profile pictures on the Conflux blockchain. The NFTs minted on the Conflux network can be displayed on their profile page in the digital collection section called R-Space.
This integration with Little Red Book further solidifies China’s pro-NFT position, according to the press release. The move was met with enthusiasm by the crypto community, as the price of CFX has surged to nearly 100% in the last seven days.
The team behind Conflux is optimistic about the integration, and believes that it will bring more attention to the blockchain and its potential applications. They hope that this integration will help to expand the reach of the protocol, and bring more people into the blockchain space.
The integration of Conflux with Little Red Book is an exciting development for both the blockchain and NFT space. It is a sign of more widespread adoption of blockchain technology, and could potentially open the door to more innovative use cases in the future.
• The US10Y-US02Y yield curve is deeply inverted, similar to the 1980s levels.
• The 2/10 spread has inverted almost 30 times since 1900, leading to a recession 22 times.
• The 3m10y spread has reached a -100 bps inversion, the deepest in several decades.
The US bond market is showing signs of inversion, which could indicate an impending recession in the latter half of 2023 or early 2024. The US10Y-US02Y yield curve is deeply inverted, similar to the levels seen in the 1980s. This inversion from 3 months to 10 years is double as bad as the levels seen during the Global Financial Crisis.
The 2/10 spread has inverted almost 30 times since 1900, and in 22 instances, a recession has followed. This means that there is a high probability of a recession occurring in the near future. Furthermore, the 3m10y spread has reached a -100 bps inversion, which is the deepest in several decades. This inversion points to a major policy error that the Federal Reserve has made, as they have broken inflation but could also break the economy.
The deep inversion of the yield curve could have huge implications for the economy. It could mean that the US economy could be heading towards another recession, and it could also mean that monetary and fiscal policies will have to be adjusted in order to prevent this from happening. The Federal Reserve has already made a number of moves to try and stabilize the economy, but it remains to be seen if these will be enough.
It is important to keep an eye on the US bond market, as it could be an indicator of what is to come. If the inversion continues and deepens, then it could be a sign that a recession is on the horizon. It is up to the Federal Reserve and other policy makers to take the necessary steps to prevent this from happening.
• Fetch.ai (FET) has become a listed token on Proof of Reserves (PoR) for several exchanges, including Binance, Huobi and Bitfinex.
• FET has seen a surge in popularity over the last three months, leading to a significant increase in its price and active addresses.
• FET is a decentralized digital representation of the world in which autonomous software agents perform useful economic work and are rewarded with FET for their efforts.
The AI crypto sector has been booming recently with the Fetch.ai token (FET) becoming a listed token on Proof of Reserves (PoR). This is a major achievement for the FET token, as it is now supported by several popular exchanges, including Binance, Huobi and Bitfinex. This has caused a surge in FET’s popularity over the last three months, resulting in a significant increase in its price and active addresses.
Fetch.ai is a decentralized digital representation of the world in which autonomous software agents perform useful economic work. Agents are rewarded with FET for their efforts, making the token an attractive asset for investors. The total transfer volume (USD) of FET has broken out as it approaches $20 million, demonstrating the potential of the token and its increasing popularity.
Being listed on Proof of Reserves has been a major achievement for FET as it means it is now supported by several popular exchanges. Binance, Huobi and Bitfinex are all major players in the crypto scene and being listed on these exchanges will help to increase the visibility of the token.
FET is a token with a lot of potential and its listing on several exchanges has been a major milestone for the project. The surge in popularity and interest over the last three months has seen the price of FET increase significantly, and its active addresses have also increased. This is a sure sign that the asset is starting to get noticed, and the future of the project looks very bright.
With the listing on Proof of Reserves, FET is now supported by several popular exchanges, making it easier for investors to access the token. Additionally, the surge in popularity and interest in the asset has seen its price increase significantly and its active addresses grow, showing that the project is starting to gain traction. The future of FET looks very promising, and we can expect to see further growth in the coming months.