Australia Leads Asia in Bitcoin ATM Installations; Blockchain gains traction in Africa
In recent news, Australia has surpassed Asia by installing more Bitcoin ATMs than the entire continent. Since the beginning of 2023, Australia has installed a large number of crypto ATMs and has consistently added Bitcoin ATMs. In contrast, leading European nations and the United States have reported a reduction in ATM installations. According to coin ATM Raider data, Australia climbed from 5th to 3rd in January alone. Currently, the total number of crypto ATMs installed worldwide is 36,729, of which 364 belong to Australia.
Bitcoin ATMs: A new trend in Australia
In Australia, Bitcoin ATMs have gained popularity in recent years. Installations have increased and it is not surprising that the country has now passed Asia in the number of installed Bitcoin ATMs. This new trend shows how Australians are adopting cryptocurrencies, with Bitcoin being the most popular digital currency.
Australia’s growing crypto market
Australia’s growing crypto market is not only evident in the growing number of Bitcoin ATMs, but also in other indicators such as the volume of cryptocurrency trading and investments in blockchain-related startups. The country’s regulatory framework also contributes to the growth of the crypto industry, providing clear guidelines for businesses and investors.
Metamask denies claims of a wallet exploit
Metamask, the cryptocurrency wallet provider, recently denied claims that an exploit of the wallet is the cause of a massive Wallace drain operation. Taylor Monahan had claimed that an unidentified Wallace drain exploit had stolen over $10.5 million in crypto and non-fundable tokens since December 2022. However, Metamask has denied that this is a Metamask-specific exploit.
The European Center for Algorithmic Transparency
On 18 April, the European Commission launched a new research unit to investigate the impact of algorithms created and used by prominent online platforms and search engines such as Facebook and Google. The European Center for Algorithmic Transparency will help the European Commission identify and address any risks posed by these platforms. The team consists of data scientists, AI experts, social scientists and legal experts who will analyze and evaluate the AI-supported algorithms used by major technology firms.
Long sentence requested in Crypto Shadow Banking case
US prosecutors have asked for a long sentence for a leader in a crypto-Shadow support case that has lasted five years. Reginald Fowler, the former minority owner of the Minnesota Vikings NFL team, was originally arrested in 2019 and charged with bank fraud, illegal wire transfers and conspiracy related to Shadow banking practices. Through Crypto Capital, he allegedly provided shadow banking services to several crypto exchanges, including Bitfinex, Binance, CEX.io, and Quadrigo CX.
Blockchain technology gains traction in Africa
Blockchain technology is growing rapidly in Africa. According to the 2022 African Doctrines Report by CV VC, blockchain deals in Africa raised a total of $474 million in 2022, representing a 429% increase from the $90 million raised in 2021. Growth in funding far outpaced that the global average, which saw only a 4% increase in blockchain funding. Overall, African venture funding only saw a 34% increase with $3.14 billion raised over 570 deals.
HyFi 2023: Marrying traditional finance with Web3
Finally, in April, the HyFi Conference 2023 will take place on April 20 at the Capella Gallery Hall, Ho Chi Minh City, Vietnam. HyFi 2023 is a one-day conference that aims to combine trade 5 traditional finance with the web 3 world. The organizers of the event aim to create a platform to bring together fair and Web3.
With these exciting developments in the cryptocurrency industry, it is important to stay up to date with the latest news and market updates. For more information and news about blockchain and cryptocurrency, visit our website, cryptotvplus.com, and follow us on social media. Don’t forget to subscribe to ours YouTube channel and turn on notifications.
