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Nigeria Leads Global Search for Cryptocurrency Information

Nigeria is leading the pack for a growing curiosity in cryptocurrencies. This is despite the current crypto winter.

The post Nigeria Leads Global Search for Cryptocurrency Information appeared first on BeInCrypto.

Nigeria is leading the pack for a growing curiosity in cryptocurrencies. This is despite the current crypto winter.

While we are deep in crypto winter, it seems there is a defrosting event on the horizon. 

CoinGecko published a study based on activity on Google Trends. The search results showed a surge in user curiosity from Nigeria. Out of 15 countries studied, Nigeria came in at number one for Googling for crypto information.

Young Nigerians have been ditching their local currency for crypto for quite some time. And there seems to be no signs of this stopping.

The Nigerian population searched the most for the terms ‘cryptocurrency,’ ‘invest in crypto’, and ‘buy crypto.’ This is even though the search intensity for ‘investment in cryptocurrency’ has decreased globally, especially after the April crash.

Nigerians have a growing interest in cryptocurrencies due to the low level of financial services in the country. Best described as “inadequate,” the failure of financial services in Nigeria is the same reason that many people across African countries are supporting cryptocurrencies.

As of April of this year, 35% of Nigerians are investors in the digital currency market. This is according to a report published by KuCoin. 

The report states, “The survey revealed that women account for 50% of crypto investors, on par with men. The breakdown of reasons for investment reveals that 53% of investors consider cryptocurrencies a reliable value-storage and payment means, 50% invest to gain higher returns in the long run, 40% attempt to start their own businesses and improve living conditions, 36% invest for an additional source of income to their salaries, 34% strive to achieve financial independence, and 26% hope to rely on cryptocurrencies as their main source of income without having to work additionally.”

Nigeria Leads Global Search for Cryptocurrency Information

Emirates is second in search results

As for the United Arab Emirates, it ranked second. This is not surprising given the country’s support of cryptocurrencies. New legislation around crypto has been introduced, and a specialized body has been formed to supervise the adoption of cryptocurrencies.

The cryptocurrency sector is attracting several major players in the industry to work in the UAE.

Singapore came in third place with a search result of 260. The United States of America came in 12th place with a search result of 157.

The results reflect the growing global interest in the digital currency market across the globe.

Other crypto

Searches for the Ethereum outperformed the famous Bitcoin in 14 out of 15 countries, while Singapore topped the chart with 59.

The growth of interest in Ethereum over Bitcoin is expected to be due to the upcoming Ethereum Merge.

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The post Nigeria Leads Global Search for Cryptocurrency Information appeared first on BeInCrypto.

Source: Markets – BeInCrypto

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Altcoins

Sushi community votes Jared Grey as new ‘Head Chef’

Sushiswap has a new CEO after the community voted for Jared Grey as ‘Head…

The post Sushi community votes Jared Grey as new ‘Head Chef’ appeared first on CoinJournal.

  • Sushiswap has a new CEO after the community voted for Jared Grey as ‘Head Chef’.

Decentralised crypto exchange Sushiswap has announced a new Chief Executive Officer (CEO), whose election was ratified via a community vote.

Sushi confirmed on Monday that Jared Grey was now the new “Head Chef,” the DEX platform’s title for the CEO. 

Sushi’s ‘Head Chef’

The election of a new chief executive comes after several months of uncertainty as the protocol looked to navigate a rough patch in its governance.

I’m honored and excited to accept the Head Chef role at SushiSwap,” Grey tweeted. “The trust the community and team have placed in me to help shape the next stage of the Sushi protocol gives me pause and reflection on what Sushi stands for, a community project for everyone,” he said.

Grey is a former CEO of digital assets platform Bitfineon and decentralised finance (DeFi) protocol EONS Finance. 

He becomes Sushi’s new chief executive after garnering more than 83%, or over 11 million votes, according to a snapshot of the single choice voting that started on 26 September 2022 and ended Monday, 3 October 2022.

He explained what he brings to the role of ‘head chef’:

This is an opportunity to leverage my two decades of engineering and consulting experience to help the team succeed in delivering innovative DeFi solutions, and returning Sushi to its rightful status among its peers.

Sushi launched in September 2020, announced by anonymous developer Chef Nomi and aimed at rivaling leading DEX protocol Uniswap.

The post Sushi community votes Jared Grey as new ‘Head Chef’ appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

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