WAO ART #301

Crypto venture capital firm C1 Fund, backed by Coinbase, is looking to expand its presence in Australia and is actively seeking undervalued assets in the market. The firm has reached out to Australian venture firms, offering to buy private holdings at a discount of 50-80% on their last valuation.

Xapo Bank, founded by Argentinians and serving Brazilian clients, aims to bridge the gap between traditional finance and cryptocurrency. The founders, familiar with Argentina's history of inflation and banking crises, saw the potential of Bitcoin to protect people's savings.

Goldman Sachs predicts that the US Federal Reserve could cut interest rates twice in the next two years, starting in Q3 2024. This could serve as a catalyst for the crypto market, coinciding with the anticipated Bitcoin halving event in April.

Italian fintech company Conio has partnered with Coinbase to enhance its presence in Italy's digital asset market, particularly for banks and financial institutions. Conio, which is partially owned by Poste Italiane and Banca Generali, will utilize Coinbase Prime as a liquidity provider.

Cardano, a blockchain platform, has experienced impressive growth with 79.7 million transactions, 1,307 projects, and 9.1 million native tokens. The development team achieved milestones in system performance and is preparing for future upgrades. Progress was also made in DApps and scalability solutions.

Nigeria's crypto adoption rate has seen a significant increase, with around 47% of the population actively participating in crypto trading. Despite regulatory challenges from the Central Bank of Nigeria, the country has experienced a 15% growth in crypto ownership between 2020 and 2023.

Nvidia, a leading AI chip developer, plans to expand partnerships and establish a base in Vietnam. The company's CEO, Jensen Huang, announced the intentions after a visit to the country, stating that Vietnam is already a partner and home to millions of its clients.