This Week in Web3: Crypto Reshaping US Elections, Algorand's Nigerian Tech Revolution, and Nubank's Token Policy Update

Weekly Round-Up #109 | Get caught up on the latest developments in Web3!

Crypto Takes Center Stage: Voters Say Candidate's Stance Will Influence Their Vote

The 2024 US Presidential Election is shaping up to be a groundbreaking one for the crypto industry. A recent survey conducted with 6,000 adults across the US by crypto exchange Gemini found that more than one in five US respondents who currently own crypto (73%) say a candidate's position on crypto will influence their vote - and more than a third? (37%) say it will have a significant impact.?

Looks like crypto policy is about to become a major campaign issue!

Algorand Powers Nigeria's Blockchain Dreams: Empowering Developers, Fostering Innovation

Meanwhile, Nigeria is making waves in blockchain innovation across the Atlantic, thanks to the Algorand Foundation, following the launch of the National Blockchain Policy in 2023, which aims to drive tech adoption.?

The Algorand Foundation has been a critical player, hosting workshops in Plateau State and training over 50 blockchain-skills developers.? They're also getting creative and sponsoring music festivals and NFT workshops to engage the community. Nigeria is positioning itself as a blockchain powerhouse.

Nubank Hits the Brakes on Nucoin: Bitcoin Redemptions Amid Financial Scrutiny

On a different note, Brazil's Nubank is making headlines by halting trading its native token, Nucoin, to prevent market fluctuations. Users holding enough Nucoins can exchange them for Bitcoin or USD Coin until December 9, after which unredeemed tokens will still offer in-app perks.?

This decision raises eyebrows, especially as Nubank faces scrutiny over its financial stability, with a growing portfolio of non-performing loans.

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Catch up on our markets anaylses for the week!

• The Impact of Crypto Scams on the Market
• HODL or Spend? Bitcoin's Identity Crisis in the Age of Long-Term Investors
• Grayscale’s XRP Trust Will Boost Market Confidence, Pave Way for Future ETF — Bitget Analyst Ryan Lee
• Bitget Wallet Introduces Tool to Help Traders Spot New High-Potential Memecoins in Real-Time
• Caroline Ellison’s Attorneys Push for No Prison Time, Highlight Cooperation in Sam Bankman-Fried’s Conviction
• Tether Partners with TRON and TRM Labs to Tackle Rising USDT-Linked Financial Crimes

Spotlight on interesting projects?

Tezoro

Tezoro is a non-custodial service that allows you to reduce the risk of losing your crypto by ~100 times by creating a backup: a smart contract that can withdraw crypto from your wallet and transfer it to a backup address even if you've already lost access to your wallet or died. Tezoro is a non-custodial service. It helps you to prepare your backup, and you confirm it via your MetaMask and deploy it directly to the blockchain.

Nobody, including Tezoro, can change the amount or replace the backup address. The only thing you allow it to do is initiate the transfer at the moment you need it.

For more information, visit https://tezoro.io/

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