This is our last newsletter of 2021 and we could not be more grateful for this great community of readers and our team. In a sea of information and content, our goal is to curate the most important and impactful stories in the crypto and web3 world, curate them, and make them easier to understand and digest.
We will continue to bring you the top protocols and coins of the week in our “👀 Under the Radar” section, share the top stories of the week under “📰 ICYM (In Case You Missed it)” and continue playing with different sections and categories to help you achieve the best decisions possible to improve your crypto portfolio while connecting the dots to make sure we help you understand this world without having to read hundreds of confusing stories.
If you or anyone you may know would like to collaborate with us by writing articles, sponsoring our newsletter, and or assisting in any other way shape or form. Please contact us via email. We are always looking forward to work with more talented individuals and learn as a group.
🐂 Will the bulls come out in 2022?
The first thing that comes to mind when I think of crypto for 2022 is regulation. Governments worldwide is very concerned about the rapid growth and use of stablecoins. There are more than 200 stablecoins, worth nearly $130 billion — a six-fold increase from a year ago. We will definitely see regulators attempting to control who issues these coins, the amount circulating, and who is using them for what purposes, among other monitoring...
The US government is also looking for ways to tax crypto transactions. The purchase and sale of crypto may be straight forward to tax, but protocols like DeFi are a bit more complicated and muddy, as users can jump from token to token and use different platforms prior to returning to a fiat currency to show a profit-or-loss. Even the government can not find a straight forward way to tax this transaction, do not be surprised if these apps or platforms are required to turn in all transactions for regulators to review. mmmhhh Subpoenas???
Comprehensive regulation may be positive as Institutional Investors will feel more comfortable to invest and launch crypto products for the masses to use. This can lead to the growth and appreciation of the industry, but draconian regulation may strangle innovation technology.
Next year may be the year when we see many countries opening up to crypto. Today, Europe leads the pack in terms of DeFi deposits, we saw president Mr. Bukele lead El Salvador to become the first economy to adopt Bitcoin as a legal tender. China put the locks on crypto in 2021 by making it completely illegal to trade and mine crypto, benefiting neighboring nations and Texas where many miners relocated to.
India is number #1 when it comes to on-chain retail DeFi value received and their leaders are still undecided on how to police and regulate this technology. This country, with almost 1.4 billion inhabitants who are very tech oriented, can have a great impact in the industry if regulators understand how to regulate it.
Global Crypto Adoption (top 20) 2021 - by Chainalysis.
No one really knows what 2022 awaits, but we can be sure that growth and adoption will continue to rise. And yes, the Bulls will come out sooner or later during 2022…