What's astonishing is the e-commerce in Africa👇🏼
The African e-commerce market is projected to reach ~$20 billion in revenues this year with a CAGR of >17% up to 2024. It’s the next BIG Thing 🚀
Under the new exempt offerings rules:
Reg D allows up to $10 million
Reg A Tier 2 allows up to $75 million
Most exciting:
Reg Crowdfunding / Reg CF: Now allows companies to raise up to $5 million from non-accredited investors, advertising is allowed
This is huge! 🚀🇺🇸👍
Hey Goldman Sachs, 2014 just called and asked for their talking points back.
Bitcoin was declared a commodity by the CFTC in 2015 in the Coinflip order...so yea it's an asset whose price is set by supply and demand. Just like gold. Just like oil. It's a commodity.
Since the equity sell-off started (Feb 19), the supply of stablecoins has grown by more than 50% in less than 2 months. Tether continues to dominate with 81.3% of the total, followed by USDC with 8.3%. All the other ones have less than 3%
According to @LocalCryptosEN, Nigerian and Kenyan markets have seen a huge boost in the last 2 weeks.
#Bitcoin P2P trades on LocalCryptos in the last 2 weeks:
🇳🇬 Nigeria ↗300%
🇰🇪 Kenya ↗122%
🍿🔥
J.P. Morgan out with new GDP estimates. (Kids, cover your eyes.)
Q1: -4%
Q2: -14%
Q3: 8%
Q4: 4%
Full year: -1.5% overall.
Unemployment rate goes to 6.25% midyear, 5.25% in Dec.