Nigeria leads the growth of cryptocurrencies in Africa
Africa\’s most densely populated nation ranks 6th globally in terms of the use of digital currencies. Among the reasons we find the depreciation of the national currency and the increase in inflation.
NFT Market bursts in Europe
NFT is the acronym of Non-Fungible Token, something unique that cannot be replaced by anything else.
Interest in crypto sector grows in Italy
n Italy, around 1.4 million people (over 2% of the population) hold cryptocurrencies. The adoption index sees an important improvement (from 79th place to 51st place) even though the differences in usage between men and women are not so evident (57% vs. 43%).
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Linework goes to Nigeria
Live from Benin City (Nigeria). Linework has arrived in the beating heart of Nigeria in March 25th-26th. During the first day, Linework organized a rally in the major places around Ugbowo – Isihor axis of Benin City, breathing the true spirit of the country and meeting a part of our community. Linework has offered food in Benin City and built people’s awareness about the control on their lives thanks to Linework and its whole Ecosystem in a very difficult political and sanitary moment. Benin City – day 2. After the great success of the first day of the rally, Linework has reached Benin – Sapele Road, a very populated area in the city, where all the residents had the possibility to get inside its Ecosystem and the possibilities offered by Blockchain technology, as a tool that will bring more innovation, and equality of opportunity in the world by creating an open financial system. This has been the first stage of a bigger non-profit project, dedicated to the free distribution of food to families in need and to the spread of Linework Ecosystem, starting with Nigeria, following in Italy and soon all around the world. We believe that economic freedom will significantly improve lives worldwide and we have decided to start right there where it is needed.
Cryptocurrencies are growing in India
The growing popularity of digital payments combined with the push by the government toward a cashless economy is driving the growth of cryptocurrencies in India
European crypto startups raised a record $5.7 billion in Venture Capital funding
The crypto winter hit hardly the markets and now the prices in the sector are recovering after metabolising the FTX scandal. But the climatic arrival of spring seems to be matched by price growth with Bitcoin rising by 20% in March, suggesting that the worst is behind us. But the previous year’s negative results have resulted in a slowdown in venture capital investment in the sector, although analysing data from a report by RockawayX, a venture capital firm focused on blockchain, and DealRoom, a startup data provider, shows that record levels of investment were reached in Europe in the year that Bitcoin lost 62%. European startups raised a record $5.7 billion in Venture Capital funding, surpassing the $5 billion in 2021. Among the reasons for this strong European performance was probably an increasingly hostile US regulatory environment, which could move the focus elsewhere. Investments have mainly focused on infrastructure, including developer tooling, blockchain scalability products and layer 1 blockchains. The start of 2023, however, shows a major contraction with cryptocurrency investments in January down 91% year-on-year. But it was only November when FTX closed its doors.