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City Council Meeting - 7/1/2021

Crypto Goes Gonzo Globally (Report from Karen Marino)

Axios 2 hours ago - Economy & Business

Report: Cryptocurrency adoption skyrockets 880%

The cryptocurrency bug is real.

Data: Chainalysis; Chart: Axios VisualsData: Chainalysis; Chart: Axios VisualsData: Chainalysis; Chart: Axios Visuals
Data: Chainalysis; Chart: Axios Visuals

 

Driving the news: Crypto adoption by consumers around the world soared by 880% in the last year, according to a new index created by Chainalysis, a blockchain analysis company.

Why it matters: The increasingly widespread use of crypto tells different stories about the dynamics within different countries. Taken together, it shows that digital assets are becoming deeply embedded in the global financial system. . .

  • The index reading for each quarter is a sum of all 154 countries' index scores. (Read more about Chainalysis' methodology at the index web page.)
  • Progress on technology and exchanges has underpinned much of the growth in crypto adoption, Chainalysis’ director of research, Kim Grauer, tells Axios.

    Zoom in: Vietnam took the top ranking for most widespread adoption. Usage there tends to be heavily speculative, Grauer says.

    • "There's a really technologically savvy population of young people" who have limited access to investments like stocks and ETFs, she adds.
    • Nigeria is also a top adopter. Usage there is more weighted toward actual commerce — especially for avoiding capital controls in order to import goods from trading partners like China, says Grauer.

    SAVE The Logic of Mesa?

    HHH


    Visualizing the Hidden ‘Logic’ of Cities

    Some cities’ roads follow regimented grids. Others twist and turn. See it all on one chart.
    By 
    July 26, 2018, 12:21 PM MS

    relates to Visualizing the Hidden ‘Logic’ of Cities







    In Chicago or Beijing, any given street is likely to take you north, south, east, or west. But good luck following the compass in Rome or Boston, where streets grew up organically and seemingly twist and and turn at random.

    Geoff Boeing calls this structure the “logic” of a city, and he would know: An urban planning scholar at the University of California, Berkeley, Boeing developed a tool to let anyone visualize this urban logic in seconds.

    NEW KEY WORDS: Finance Gerontology