Welcome to another edition of Twitter Tuesday. Today’s theme: In which countries is crypto the most popular? But that’s not all there is to talk about. People are talking about some good stuff on Twitter this week.
Crypto lender Nexo pulls out of the U.S. market. Nexo has been ahead of the pack in so many ways. While proof-of-reserves is a practical solution to the transparency problem plaguing crypto lenders, it’s not enough. You can expect regulation to impose mandates and restrictions on crypto lenders. When the U.S. adopts reasonable regulatory measures for crypto lenders, you’ll see Nexo return.
Ripple attorney John Deaton explains why crypto exchanges delisted XRP. When Ripple wins the lawsuit against the SEC, crypto exchanges like Coinbase and Kraken will relist XRP. If Ripple loses, you’ll never be able to buy XRP from a centralized exchange again.
Cryptocurrency ownership is most common in Nigeria, where it is illegal, but in the U.S., where it is legal, only 6 percent of the population owns any. The U.S. is ranked 8th in crypto ownership. The ironic thing about this is that the U.S. prides itself, or so we are to believe, in being the freest country in the world, but the truth is, it’s a bastion of status quo props. Try to do something different and see how many support you.
Michael Saylor says no force on earth can stop bitcoin. How do we read these two drastically different studies on cryptocurrency ownership? The one above was published by Statista and the one below by Hootsuite. Both of these are reputable sources, but Statista is more likely to publish more accurate statistics on a topic that isn’t directly related to either organization’s core mission. On the other hand, the Statista numbers are based on a survey of 1,000 to 4,000 respondents in each country, a very small sampling. Another thing to note about that is that small of a sampling will yield drastically different results for smaller countries like Nigeria and Vietnam than for larger countries like the U.S. and China, so the numbers are likely way off. The Hootsuite graphic shows the numbers for internet users aged 16 to 64. While also based on a survey, what I find interesting about the Hootsuite numbers is that internet users are more likely to also be cryptocurrency owners than non-Internet users (and more than 90 percent of the U.S. population are internet users), so I think the Hootsuite study is likely more reliable information than the Statista survey. Turkey and Argentina top the list. The U.S. is ranked 15th.
Putting crypto into perspective: Do you think you’re late to the party?
Adeetya Gour wishes Dogecoin a Happy 9th Birthday.
Top brands building on top of Polygon’s Layer-2 solution.
Ted Cruz wants Texas to be a cryptocurrency oasis.
How to get set up on gFam.
Protoman isn’t feeling good about things right now.
Snark and commentary are in italics. Inclusion of an item doesn’t mean I agree or endorse the ideas presented. Of course, it also doesn’t mean I don’t.
Cryptocracy is a decentralized newsletter published several times a week. I curate the latest news and crypto analysis from some of the brightest minds in crypto, and sometimes offer a little insightful and snarky commentary. Always fresh, always interesting, and always crypto. Original articles on Fridays.
First published at Cryptocracy. Not to be construed as financial advice. Do your own research.