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• London is the world’s leading hub for cryptocurrencies according to research from Recap, a cryptocurrency tax software company.
• Recap used eight indicators to identify the top global cryptocurrency hubs, with London named the “most crypto-ready city” due to the number of cryptocurrency businesses and ATMs in the city.
• Dubai and New York are the second and third largest hubs, respectively, due to their 0% tax rates and large number of cryptocurrency-based companies.

The cryptocurrency market has grown exponentially in the past few years, with a surge in the number of businesses and individuals investing in digital assets. This growth has been accompanied by an increasing number of cryptocurrency hubs, which provide a platform for businesses and individuals to invest and trade in cryptocurrencies. Now, according to research from Recap, a cryptocurrency tax software company, London has been crowned the world’s leading hub for cryptocurrencies.

To identify the top global cryptocurrency hubs, Recap analyzed eight indicators, including the number of cryptocurrency businesses and the quantity of cryptocurrency ATMs in each country. The research found that London was the “most crypto-ready city” due to the large number of cryptocurrency businesses and ATMs located in the city. In addition, the research highlighted the fact that London hosts the second-highest number of cryptocurrency-related events and conferences in 2022, aligning with U.K. prime minister Rishi Sunak’s goal to establish the United Kingdom as the world’s hub for cryptocurrency technology and investment.

Dubai, the most populous city in the United Arab Emirates, was named the second largest cryptocurrency hub, with 772 cryptocurrency-based companies. The report details that Dubai’s appeal as a residence for cryptocurrency investors is due to its 0% tax rate, making it an attractive destination for those looking to invest in digital currencies.

New York was the third largest hub, with 843 firms specializing in cryptocurrency and blockchain technology. The American city is also home to the largest investment in cryptocurrency research and development compared to its GDP, making it an attractive destination for investors and entrepreneurs.

Overall, the research from Recap highlights the importance of cryptocurrency hubs, as well as the potential for growth in the industry. As the adoption of digital currencies continues to increase, the need for these hubs will grow, making them increasingly important for investors and entrepreneurs.

• Neon Link, a new blockchain and ecosystem, successfully launches in Q1 2023.
• Neon Link will offer an easy onboarding process for gamers to web3 through the NEON Wallet and true ownership of game-related assets.
• Neon Link is also launching Ascend The End, a triple-A game, which will offer exclusive in-game assets and crypto asset rewards.

Neon Link, a new blockchain and ecosystem, is about to launch on mainnet in Q1 2023. After over a year of development, Neon Link is finally making its presence known to the world and is ready to onboard gamers, developers, and token holders. A variety of features are going to be available for users, including the NEON multi-chain Wallet, Decentralised Exchange, Marketplace, Bridge, Block Explorer, NEON Gaming ID (Naming Service), and the $NEON token that powers the entire ecosystem.

Alongside these features, Neon Link is launching a triple-A game called Ascend The End. This game is a 3rd person shooter that will be integrated with the fast and fee-free Neon Link network. It will offer a variety of game modes and an in-game economy where you can gather resources to craft weapons, ammo, and armour. It will also offer exclusive in-game assets and crypto asset rewards for consistently ranking well in competitive gameplay.

Neon Link also makes it easy for gamers to web3 through the NEON Wallet, giving them true ownership of game-related assets. This will allow gamers to have a more authentic gaming experience, thanks to the support of game developer partner Wasiona and in-house dev and art talent. Developers will also be able to build fantastic and unique games with Neon Link through its comprehensive software development kit (SDK) and incentive structure. The first 20 projects will receive additional support.

CEO of Neon Link, Vedran Sisak was excited to announce their existence and stated, “After over a year of extremely hard work, we’re thrilled to announce our existence to the world and start onboarding gamers, developers, and token holders to our new chain. I can’t wait to see what the future holds for us.”

• The World Bank released its Global Economic Prospects report, forecasting a bleak outlook for the global economy and future economic conditions.
• The report cites numerous issues plaguing the global economy – including the Covid-19 pandemic and escalating geopolitical tensions – as reasons why the world’s economy could spiral into a recession.
• The World Bank also noted that inflation has dropped to some degree, although it warns that global economies will likely still see inflation persist, and supply disruptions could stem from adversities such as the Covid-19 pandemic and the Ukraine-Russia war in Europe.

On Jan. 10, 2023, the World Bank released its Global Economic Prospects report, forecasting a bleak outlook for the global economy and future economic conditions. The report noted that growth forecasts have been cut across the board, with the global economy projected to grow by 1.7% in 2023 and 2.7% in 2024. The World Bank cited a number of adverse developments that could push the world’s economy into a deep recession, including the Covid-19 pandemic and escalating geopolitical tensions. It warned that benchmark bank rates could continue to climb in order to combat the inflationary pressures of these external factors.

The World Bank report further detailed that inflation has dropped to some degree at the end of 2022. It also noted that skyrocketing commodity and energy prices have subsided for the time being. The World Bank warned, however, that global economies will likely still see inflation persist, and supply disruptions could stem from adversities such as the Covid-19 pandemic and the Ukraine-Russia war in Europe. As such, the World Bank encouraged policy makers to take action to reduce the risk of a prolonged recession by increasing investments in infrastructure, healthcare, and education. It also urged countries to accelerate their transition to a low-carbon economy, citing the importance of mitigating the effects of climate change on global economies.

The World Bank’s report paints a grim outlook for the global economy and calls on policy makers to take immediate action to reduce the risk of a prolonged recession. It emphasizes the need for increased investment to offset the adverse economic shocks caused by the Covid-19 pandemic and escalating geopolitical tensions. It also highlights the importance of transitioning to a low-carbon economy in order to mitigate the effects of climate change on global economic growth. The report is a stark reminder of the fragility of the global economy and the need for policy makers to act quickly in order to avoid further economic instability.