{"id":2221,"date":"2021-10-15T12:17:56","date_gmt":"2021-10-15T09:17:56","guid":{"rendered":"https:\/\/evercodelab.com\/blog\/?p=2221"},"modified":"2022-07-28T16:42:17","modified_gmt":"2022-07-28T13:42:17","slug":"weekly-news-digest-from-evercode-lab-15-10-2021","status":"publish","type":"post","link":"https:\/\/evercodelab.com\/blog\/weekly-news-digest-from-evercode-lab-15-10-2021\/","title":{"rendered":"Weekly News Digest from Evercode Lab: 15.10.2021"},"content":{"rendered":"

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.<\/span><\/p>\n

11.10
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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, <\/span>joined a company<\/span><\/a> focused on cryptocurrencies. That is to say, he is now a senior advisor employed by Copper.co, a cryptocurrency trading company based in London.\u00a0<\/span><\/p>\n

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.\u00a0<\/span><\/p>\n

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.\u00a0<\/span><\/p>\n

12.11\u00a0<\/span><\/h2>\n

The Times of India drew their readers\u2019 attention to an interesting fact! As it turns out, India\u2019s percentage of its population owning crypto is the world\u2019s 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%).\u00a0<\/span><\/p>\n

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!<\/span><\/p>\n

13.11 \u00a0\u00a0<\/span><\/h2>\n

Another South American country seems to be impressed by <\/span>El Salvador\u2019s<\/span><\/a> 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.\u00a0<\/span><\/p>\n

If the local authorities <\/span>fulfill this promise<\/span><\/a>, BTC, Dash, and Petro based on the country\u2019s 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!\u00a0<\/span><\/p>\n

14.11\u00a0<\/span><\/h2>\n

CoinDesk publicizes<\/span><\/a> the key takeaways from the recent \u201c2021 Geography of Cryptocurrency Report\u201d by Chainalysis:\u00a0<\/span><\/p>\n