Some quite interesting things happened inside the crypto world in 2023, and some others will come in 2024, likely. We ended the year with a bullish note in the whole market —something that we couldn’t say in 2022. On the other hand, according to some sources, crypto adoption didn’t rise last year, but it still holds some promises for the future. Per Chainalysis, the global crypto adoption landscape is being dominated by central and southern Asia. Their led to this conclusion considering factors like cryptocurrency value traded on centralized exchanges and Decentralized Finance (DeFi) DeFi protocols in different countries. More specifically, Global Crypto Adoption Index India, Nigeria, Vietnam, United States, Ukraine, Philippines, Indonesia, Pakistan, Brazil, and Thailand (in that order) were the top crypto-adopters worldwide in 2023. Let’s explore more about them, and also about some other relevant factors for crypto adoption in 2023 and this new year. Top Crypto-Adopters Well, despite people trading online a lot, not everything is sweet for the top countries by crypto adoption. India finished 2023 by of nine global crypto exchanges, including Kraken and Binance, for supposed non-compliance with their Anti-Money Laundering (AML) laws. They also have a 30% and are still crypto regulations. banning the websites tax on crypto profits exploring more The landscape seems better in Nigeria. After several years of hostilities, This, of course, could increase the adoption this year even though the government imposed a 10% on crypto profits. They also plan Initial Coin Offerings (ICOs) and stablecoins. their central bank finally to lift the ban on financial institutions serving crypto users and firms. decided tax to regulate Vietnam, for its part, is still hostile against cryptocurrencies —or at least its government is. There’s a banking ban in place, while the cryptocurrency underlying technology (DLT) is for other purposes. Pakistan and the Philippines have almost identical stories, banning coins or but maintaining to build their own Central Bank Digital Currency (CBDC). Indonesia is also planning a CBDC, but they created a for exchanges to operate through it. Thailand has been more crypto-friendly, but crypto lending operations. being embraced exchanges plans crypto-specific bourse they have banned Beyond Asia, Ukraine has gladly adopted cryptocurrencies to help in its war against Russia. Meanwhile, in Brazil, several financial institutions crypto services, while a 15% tax will be on offshore crypto earnings from 2024. Now, as usual, the United States is involved in some high-profile crypto news this year, given its massive adoption. It’s been that they’ve received at least $225 million from global crypto donations. calculated are offering in place What happened to crypto in 2023? We can say that the US is an ambivalent country, with different laws in different states. For instance, Wyoming has been considered one of the most worldwide; while the US Securities and Exchange Commission (SEC) over 150 crypto projects and brands since 2013. And last year wasn’t different. crypto-friendly destinations has been suing Seeing the conclusion of those processes may take a while, considering that their lawsuit against Ripple started in 2020 and barely finished this year —with favorable results for the crypto firm in July. In June 2023, the and Coinbase, two of the largest crypto exchanges by volume. SEC sued Binance However, in November, Changpeng Zhao (ex-CEO of ) pleaded guilty to charges of violations of AML laws in the US. The exchange to pay over $4 billion in penalties, while Zhao will be judged in the country. Binance's new CEO is Richard Teng, and the brand’s products are working normally. Binance is expected Also in the US, Sam Bankman-Fried (SBF), ex-CEO of the infamous crypto exchange FTX, was declared guilty in his fraud trial. He’s expected decades in prison, while Zhao could barely face some months. to serve Moving away from the US, Terra (LUNA) founder, Do Kwon, was arrested in Montenegro in March. El Salvador, still the only country with as legal tender, is planning to issue new Bitcoin “ ” for 2024 and passed a law to to foreigners who invest BTC in the country. In the European Union, the MiCA law (Markets in Crypto Assets) was finally in April, and it’s set to take full force in June 2024. Bitcoin Volcano Bonds offer citizenship approved In general, the whole crypto market capitalization increased by over 101% in 2023 (according to CMC). Investors can start 2024 with some good news. Besides, cryptocurrencies are now legal in 119 countries, which is most of the world (according to ). CoinGecko Obyte in 2023 We released several DeFi products in 2023, available for everyone, and Obyte had its seventh birthday last Christmas. We’ve been working hard to improve our ecosystem and add awesome new opportunities for all users. This asset is an integral part of the Oswap.io DEX, and not only serves as a governance token but also acts as a reward mechanism. Users can stake their holdings to get long-term rewards, deposit their LP tokens to receive a share of OSWAP emissions, and participate in the governance of the system. The farming pools are now offering up to 900,257% Annual Percentage Yield (APY) to liquidity providers. April brought us the , the first-ever DEX token issued on a bonding curve. OSWAP Token June saw the official release of the , a groundbreaking decentralized escrow platform featuring professional arbiters and a new type of smart contract in the Obyte wallet ( ). ArbStore provides a secure and trustless environment for international trade, ensuring a fair and efficient dispute-resolution process. ArbStore Contracts with Arbitration Both parties of a contract can write and privately share their own terms inside their Obyte wallets, deposit the funds, and take advantage of the smart contract and selected arbiter to protect their mutual conditions. As part of the program, Dapps developers receive generous rewards of 1,000,000 KAVA tokens (approximately $1 million) monthly. Obyte enrolled two Dapps: and . The funds obtained from it are used to create buy pressure for GBYTE, and we're distributing 90% of the acquired GBYTEs to users actively contributing to the TVL on Counterstake and LINE. In August, we joined the reward program and launched the new LINE token, a price-protected asset for rewards. Kava Rise Counterstake Bridge LINE Cryptocurrency Trends for 2024 We can never be sure about the future, but some early trends can give us some clues about what’s next for the crypto world. According to the by Gemini, we could have some interesting things going. They expect, for instance, a higher intersection between Artificial Intelligence (AI) and cryptocurrency systems. 2024 Crypto Trend Report In the meantime, AI-related tokens are experiencing a notable surge in prices, signaling a growing interest and confidence in the market. The integration is expected to revolutionize various aspects, including smart contracts, secure data solutions, transparent large language models, crypto security (audits), and the fight against disinformation. On the other hand, there’s hype around a potential approval for a Spot Bitcoin ETF in the United States. The release of this product, along with the next Bitcoin halving (to reduce the supply inflation) in April 2024, could positively affect the Bitcoin price, and, by extension, the whole crypto market capitalization. Even if most countries have legalized cryptocurrencies, only 52.1% have applied specific frameworks (according to ). The MiCA law is the first one to cover multiple aspects of cryptocurrencies for numerous countries at one time. As a consequence of a major regulatory clarity, more institutions and companies could adopt cryptocurrencies to invest or offer services for users, and even to create their own stablecoins. More regulation is coming worldwide, though. CoinGecko What’s next for Obyte? We have some interesting projects in progress for Obyte. For instance, we’re planning to update the selection process soon to make it entirely controlled by the users. Let’s remember that the OPs are reputable Obyte users, often companies or organizations, whose transactions serve as waypoints for ordering all others. order provider (OP) The new listing will come very soon, and we’re going to announce all the details in the next few weeks. Besides, we’re currently in negotiations with a reputable global exchange to list GBYTE. For now, you can enjoy any of our current features, including but not limited to autonomous agents for automatic tasks, wallet chatbots, textcoins, ID solutions, smart contracts, and new reward programs. Our liquidity providers receive weekly payments, and our average users can always transact in a fast, inexpensive, and censorship-free environment. Let’s make 2024 awesome and decentralized too! Featured Vector Image by jcomp / Freepik

The writer is smart, but don't just like, take their word for it. #DoYourOwnResearch before making any investment decisions or decisions regarding your health or security. (Do not regard any of this content as professional investment advice, or health advice)

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