Despite Metamask not supporting the largest cryptocurrency, the Web 3 crypto wallet has attracted over 30 million active monthly users
By entering your...
Insurance is a contract represented by a policy in which the policyholder receives financial protection or reimbursement against loss from an insurance company.
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Adaverse Accelerator is a Cardano ecosystem accelerator aggregating entrepreneurs, strategies and mentors innovators.
Emurgo is the official commercial arm and a founding entity...
Of course, one of the exciting (if not frustrating) things about crypto remains its unpredictable nature. The foregoing provides a general overview of the crypto industry in 2023 (based on current trends). Nevertheless, it is almost certain that 2023 will also throw up more than a few surprises.
Crypto investors in Africa currently have minimal or no protection in the market, as there are no clear-cut regulations for protecting assets. Most of the trading happening in the crypto space is not regulated, creating a considerable gap. The lack of regulation means investor protection on crypto exchange platforms remains much weaker compared to the securities or futures market.
In summary, maturity and stability await DeFi in 2023, having seen a solid bullish phase and a gruelling bearish slump in 2022. Although any new technology has its ups and downs, the time is ripe for stable growth based on wisdom gained through the experiences of 2022.
Crypto regulation should strike a balance by implementing a registration and licensing regime to enable the exchanges or custodians to legally serve consumers within that market, strengthening consumer protection rules and eliminating market manipulation tactics.
In Africa alone, millions of crypto traders have lost their hard-earned money. Its ripple effect has caused Africa's crypto adoption rate to regress...
