WAO ART #274

A survey conducted by the Autorité des Marchés Financiers and the OECD reveals that cryptocurrencies are the second most popular investment asset among adult French citizens, with 9.4% of the population owning crypto assets. This is just slightly below the 10.7% who hold real estate funds.

Decaf, a platform co-founded by Rick Martin, is boosting Stellar adoption in Latin America by facilitating transactions through the Stellar network and MoneyGram system using Circle's USDC. This has allowed Decaf to off-ramp $200,000 weekly, contributing to the growing adoption of Stellar's native coin, XLM.

The Australian Taxation Office has issued new guidelines on the tax implications of decentralized finance activities and crypto token transactions. The guidelines state that capital gains tax events are triggered when crypto assets are transferred to non-controlled addresses or those with existing balances.

The Digital Nigeria conference discussed the potential of artificial intelligence in transforming African industries. AI can help with financial inclusivity by improving identity management and making payments easier. Automation through AI can also reduce costs for African firms by eliminating manual processes.

Hong Kong-based investment holding company, Boyaa Interactive International Limited, plans to invest $100 million in cryptocurrencies as part of its expansion into the Web3 domain. The company is known for developing and operating online card and board games.

Cardano founder, Charles Hoskinson, has expressed interest in partnering with crypto trading platform Kraken to develop a L2 blockchain. Kraken is considering collaborating with various blockchain technology firms, including Cardano, to keep up with the trend of crypto firms expanding into blockchain development.

The crypto market remains quiet as investors await the release of US Consumer Price Index (CPI) data. The figures will provide insight into whether inflation will decrease as expected. Bitcoin is slowly declining but has strong support at $36,000.