The Evercode Lab team is back again with a selection of fresh news and trends related to blockchain in general and cryptocurrencies in particular. As usual, we would like to record the events that are worth paying attention to.

11.10

Another indicator of the obvious trend, i.e. of the fact that cryptocurrencies are quickly becoming a totally legitimate financial phenomenon: a high-ranking ex-official of the British Government, former finance minister Philip Hammond, joined a company focused on cryptocurrencies. That is to say, he is now a senior advisor employed by Copper.co, a cryptocurrency trading company based in London. 

There is nothing new about the fact that retired politicians and officials join private firms after the end of their public careers. But still, 10 years ago it was literally impossible to imagine such career paths and trajectories. 

Well, we at Evercode Lab expect that many other public figures will follow suit! We know how dynamic this industry may be for successful companies. 

12.11 

The Times of India drew their readers’ attention to an interesting fact! As it turns out, India’s percentage of its population owning crypto is the world’s fifth-largest, with 7.3%. This share makes the Republic of India one of the top crypto-enthusiastic nations globally, together with Ukraine (12.73%), the Russian Federation (11.91%), Kenya (8.52%), and the United States (8.31%). 

However, if we consider how many people actually reside in India, these rates of acceptance are enormous beyond any doubt. As usual, we invite crypto-startups to collaborate with Evercode Lab. Your market potential is truly promising, so we definitely have something to discuss!

13.11   

Another South American country seems to be impressed by El Salvador’s recent adoption of BTC as legal tender. Venezuela, known for economic problems and skyrocketing inflation, is going to introduce a measure that clearly resembles a touchstone. Namely, its main airport will soon make it possible for potential passengers to buy airline tickets with crypto. 

If the local authorities fulfill this promise, BTC, Dash, and Petro based on the country’s oil reserves will be accepted. This is an interesting example. In those nations where populations face economic hardships, turbulence, and hyperinflation, crypto may really be a productive option! 

14.11 

CoinDesk publicizes the key takeaways from the recent “2021 Geography of Cryptocurrency Report” by Chainalysis: 

  • Central, Northern, and Western Europe is ranked the world’s top crypto market with its 25% share of the global volume of crypto transactions (i.e. $1 trillion)
  • North America comes second, with its share of 18.4% or $750 billion in crypto transactions between July 2020 and June 2021

East Asia is not a leader anymore. And that is no surprise if one takes China’s recent crackdown into consideration. Well, the team of Evercode Lab will be happy to continue cooperation with our EU customers, we have a lot of successful cases!

15.11

BTC is not only an asset to send value or generate it. It is also a tool to save value. This simple truth has already been well-understood by countless individuals and private companies across the world. Pension funds are a different matter. By their very nature, they are sonservative and cautious institutions. 

However, they have started to develop some taste for crypto investments. Among others, Queensland Investment Corporation might “make small investments in the cryptocurrency sector.” This fund is one of Australia’s largest ones managing $69bn of assets.

If this intention is serious, it is great news for the industry!