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Binance CEO Richard Teng Highlights Massive Crypto Growth Adoption – 300M Users Worldwide And Counting

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Crypto adoption is no longer moving at a steady pace, it is accelerating. Binance CEO Richard Teng, in a post on X, highlights accelerating global crypto adoption, with global users growing at an unprecedented pace.

He noted that users grew from 0 to 170 million over 6.5 years, then surged to 300 million in just over one year, based on industry data signaling mainstream momentum.

This claim aligns with Binance’s own milestone of surpassing 300 million registered users in December 2025, up from 270 million earlier in the year, amid regulatory clarity and market highs driving platform expansion.

Cryptocurrency adoption is no longer a slow, experimental trend, it has entered a phase of rapid, global acceleration. In just over a decade, crypto has evolved from a niche technology used by a small group of technologists into a mainstream financial asset and payment infrastructure touching hundreds of millions of people worldwide.

TRM’s findings show that global retail-led adoption accelerated in 2025, as retail transactions rose by more than 125% between January and September 2024 and during the same period in 2025.

This rise in retail-led adoption indicates that individuals are playing an increasing role in shaping crypto’s evolution, with activity often tied to practical use cases such as payments, remittances, and preserving value in volatile economic conditions. 

In terms of region, Crypto adoption is not evenly distributed, it is growing fastest where it solves real economic problems. A Chainalysis 2025 report revealed that APAC furthered its status as the global hub of grassroots crypto activity, led by India, Pakistan, and Vietnam, whose populations drove widespread adoption across both centralized and decentralized services.

At the same time, North America climbed to the second-highest regional position, driven by regulatory momentum, including the approval of spot bitcoin ETFs and clearer institutional frameworks, which helped legitimize and accelerate crypto participation across traditional financial channels.

Close behind, Latin America’s crypto adoption grew by 63%, reflecting rising adoption across both retail and institutional segments. In comparison, Sub-Saharan Africa’s adoption grew by 52%, indicating the region’s continued reliance on crypto for remittances and everyday payments. These figures underscore a broad shift in crypto momentum toward the Global South, where on-the-ground utility is increasingly fueling adoption.

With the increasing demand for cryptocurrency transactions, some experts believe that global crypto adoption is inevitable not a matter of if but when.

Several key factors influence crypto adoption, including crypto’s perceived ease of use and convenience, technological advancements, overall awareness and education about crypto, and more.

Notably, one of the strongest indicators of mass adoption is how crypto is being used. Stablecoin cryptocurrencies pegged to fiat currencies, now account for a significant share of on-chain transaction volume.

Also, Institutional participation has significantly strengthened crypto’s legitimacy.

Major developments include:

• The launch and growth of spot Bitcoin ETFs, which attracted tens of billions of dollars in assets within months.

• Increased exposure by hedge funds, asset managers, and family offices.

• Growing interest from banks exploring crypto custody, trading, and tokenization services.

Outlook

The numbers are clear: crypto adoption is accelerating faster than at any point in its history. From 170 million users in over six years to 300 million in just one, and now approaching 700 million globally, the growth trajectory suggests that crypto is crossing from early adoption into mass-market relevance.

As regulation matures, technology improves, and real-world use cases expand, the next phase of crypto adoption may be defined not by speculation, but by integration into everyday financial life.

NALA Secures PSP And PSO Licences in Uganda, Unlocking Deeper Payments Capabilities

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Tanzania-born remittance startup NALA has announced that it has received Payment Service Provider (PSP) and Payment System Operator (PSO) licences from the Bank of Uganda, in addition to its existing Money Remittance licence.

The new approvals position NALA among a select group of companies fully licensed across the core layers of Uganda’s regulated payments infrastructure. This regulatory milestone enables the company to expand its capabilities and deepen its impact across consumer and business payment services.

Announcing this feat, NALA founder Benjamin Fernandes wrote,

Today, I’m excited to announce we have received Payment Service Provider (PSP) and Payment System Operator (PSO) licences from the Central Bank of Uganda, alongside our existing Money Remittance licence.

“We’re focused on building open, compliant, technology-first rails that help Ugandan businesses plug into global commerce and help the diaspora move money home faster and more transparently”.

With the licences in place, NALA is building:

• Global and diaspora accounts for consumers.

• Collection and payout services for global businesses through Rafiki.com.

• Real-time cross-border payment solutions.

• Trade payment flows into and out of Uganda, directly connected to global payment networks.

NALA acknowledged the Bank of Uganda for its rigorous oversight and leadership in fostering a secure, innovative, and future-ready payments ecosystem. The company says its focus remains on building open, compliant, and technology-first payment rails that allow Ugandan businesses to plug into global commerce, while enabling the diaspora to send money home faster, more transparently, and at lower cost.

Globally, Africans lose an estimated $8 billion annually to remittance fees, with 7–8% of transaction value lost to costs. This challenge inspired the founding of NALA in 2021, starting in Africa, currently the most expensive continent for cross-border money transfers.

Since then, the company has expanded into Asia and other emerging markets, which collectively account for about 45% of global remittance flows. From inception, NALA has prioritised two core goals: reducing the cost of cross-border transfers and increasing transaction reliability.

By partnering with governments and securing regulatory licences, the company has been able to develop innovative products that enable faster, safer, and more affordable cross-border payments.

Founded by Benjamin Fernandes, NALA has recorded significant growth since its relaunch in 2022, scaling from $0 to $24 million in revenue, achieving profitability once, and building a strong competitive moat through its integrated B2B infrastructure platform, Rafiki. The platform powers stablecoin-enabled payments across the US, UK, EU, Africa, and Asia.

Rafiki operates as a single API that allows global businesses to make payments into Africa. It serves as the backbone of NALA’s consumer fintech app and its B2B payments offering, helping global companies trade more efficiently with African markets while improving reliability across payment flows. Today, NALA’s team spans 18 countries, with operational hubs in London, Nairobi, and Dakar.

In June 2024, NALA raised $40M series A to build B2B payments platform. CEO Benjamin Fernandes stated that the capital injection, which follows a $10 million seed in 2022, will fuel the company’s global growth plans that involve scaling its remittance business to serve the Asian and Latin America markets.

NALA combines deep local market knowledge with global expertise, driven by a mission to build payment infrastructure that delivers real and lasting impact across emerging markets.

Waymo Stranded Vehicles and The Limits of Silicon Valley Assumptions for Africa

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Good People, I have been reflecting on how Waymo, an Alphabet (Google) company, deployed driverless cars on American streets without fully modeling a basic but critical scenario: what happens during a power outage despite the billions of dollars spent on modeling, testing, and simulation over many years.

We all read how Waymo vehicles froze on the roads of California when parts of the state lost power. Specifically, a power outage in San Francisco caused significant disruption, immobilizing Waymo’s robotaxis as they encountered dark traffic signals. While Waymo has since indicated that it has enhanced its software and emergency protocols, one fundamental question remains unanswered: why was this scenario not modeled from the start?

This is where we begin to appreciate what many often criticize as European “overregulation.” When you examine what happened in San Francisco, you begin to see the value of regulatory regimes that insist on exhaustive edge-case analysis before large-scale deployment.

Largely,  Waymo and the American regulators that approved these vehicles for public roads without fully accounting for mass power outages have inadvertently delivered a lesson that African capitals must not ignore. Do not assume you are covered!  Yes, I fully expect that in a few years, some showmen will begin importing these vehicles into Nigeria and other African countries. But without subjecting them to local scenario testing, the risks are enormous.

Losing power in America is an exception. Losing power in many African cities is the default state. So, if a system struggles under a rare condition in San Francisco, what happens when it is deployed in environments where that condition is routine? And beyond power outages, what other risk vectors, already overlooked in California, could cause catastrophic failure on African roads?

Technology does not travel well without context. And before we import the future, we must first verify it against our realities. I am now increasingly cautious about driverless cars because the recipes used to build them may not have been fully optimized, and yet humans are being asked to consume half-cooked meals. Africa cannot, and must not, default to Silicon Valley assumptions.

Comment on Feed

Comment: Perhaps they would have modeled for that if they were deploying in Africa. I’m sure power failure ranked very low in the risk assessment for San Francisco.

My Response: My understanding is that no one buys a car and permanently geolocates it. Are you suggesting that someone cannot purchase a car in the U.S. and decide to ship it to Nigeria without written and express approval from the manufacturer? If that were the case, what then happens to the entire used-car business?

More importantly, even if this scenario is considered low probability, it represents high risk, and high-risk scenarios should never be ignored. Imagine if a similar failure occurred at a rail crossing transporting hazardous chemicals. Yes, an entire community could be put in danger. Edge cases are not trivial when their consequences are catastrophic.

I am still expecting a valid reason from Waymo for ignoring this risk!

OpenAI Offers $555,000 Role to Tackle AI’s Growing Risks as Safety Concerns Resurface

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OpenAI is offering to pay more than half a million dollars a year to recruit a senior executive tasked with confronting the darker side of artificial intelligence, a move that indicates how seriously the company now views the risks emerging alongside rapid advances in its models.

The company is hiring a new “head of preparedness,” a role that will sit within OpenAI’s Safety Systems team and carry a base salary of $555,000 a year, plus equity. The position is designed to lead efforts to identify, assess, and mitigate the risks posed by increasingly capable AI systems, ranging from cybersecurity threats and misinformation to mental health harms and the erosion of human agency.

OpenAI chief executive Sam Altman flagged the role publicly over the weekend, describing it as demanding and urgent. In a post on X on Saturday, Altman said the job would be “stressful” and warned that whoever takes it on would be “jump[ing] into the deep end pretty much immediately.”

Altman framed the role as essential at a moment when AI capabilities are accelerating faster than many anticipated.

“Models are improving quickly and are now capable of many great things, but they are also starting to present some real challenges,” he wrote.

He pointed to early warning signs already seen in 2025, including the impact of AI systems on mental health and the growing ability of models to identify serious vulnerabilities in computer security systems.

The hiring push comes as OpenAI’s products, particularly ChatGPT, have become embedded in everyday life for millions of users. The chatbot is widely used for research, writing emails, planning trips, and completing routine tasks. But as adoption has spread, so too have concerns about unintended consequences.

Some users now engage with chatbots as a substitute for therapy or emotional support. Mental health experts have warned that, in certain cases, this can worsen underlying conditions. There have been instances where interactions with AI systems appeared to reinforce delusions or encourage other harmful behaviors.

OpenAI acknowledged those risks last year. In October, the company said it had begun working with mental health professionals to improve how ChatGPT responds to users exhibiting signs of psychosis, self-harm, or other concerning behavior. Those efforts form part of a broader attempt to adapt safety systems as AI becomes more persuasive, emotionally responsive, and context-aware.

The new head of preparedness will be directly responsible for building and coordinating the frameworks designed to anticipate such risks before they scale. According to the job listing, the role involves leading “capability evaluations, threat models, and mitigations that form a coherent, rigorous, and operationally scalable safety pipeline.”

The position also carries symbolic weight inside OpenAI, a company founded on the mission of developing artificial intelligence that benefits humanity as a whole. From its early days, safety and alignment were central to its identity. However, as OpenAI transitioned from a research-focused lab into a commercial powerhouse under pressure to release products and generate revenue, internal tensions over priorities have increasingly spilled into public view.

Several former staff members have openly questioned whether safety has taken a back seat to growth. Jan Leike, who led OpenAI’s now-dissolved safety team, resigned in May 2024 and used his departure to issue a blunt warning. In a post on X, he said the company had drifted away from its founding mission.

“Building smarter-than-human machines is an inherently dangerous endeavor,” Leike wrote at the time. “OpenAI is shouldering an enormous responsibility on behalf of all of humanity. But over the past years, safety culture and processes have taken a backseat to shiny products.”

Less than a week later, another OpenAI staffer announced their resignation, also citing safety concerns. Daniel Kokotajlo, a researcher who had focused on risks associated with artificial general intelligence, said in a May 2024 blog post that he left because he was “losing confidence that it would behave responsibly around the time of AGI.”

Kokotajlo later told Fortune that OpenAI initially had roughly 30 people dedicated to researching AGI-related safety issues. After a wave of departures, that number fell by nearly half, raising questions about whether the company had sufficient internal capacity to match the pace of its technological ambitions.

The head of preparedness role was previously held by Aleksander Madry, who moved into a different position within the company in July 2024. Filling the post now, with a significantly publicized compensation package, suggests OpenAI is attempting to reinforce its safety infrastructure at a time when scrutiny from regulators, researchers, and the public is intensifying.

But beyond mental health and cybersecurity, critics warn that advanced AI could accelerate job displacement, supercharge misinformation campaigns, enable malicious actors, and increase environmental costs through energy-hungry data centers. More broadly, there is growing unease about how much decision-making power humans may cede to systems they do not fully understand.

By putting a $555,000 price tag on preparedness, OpenAI is saying that managing those risks is no longer a peripheral concern but a core operational priority. Whether the role will be enough to rebuild confidence in the company’s safety culture, especially among skeptical former insiders, remains an open question.

China to Make More Proactive Fiscal Push in 2026 as Pressure Mounts to Rebalance Growth Model

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China’s finance ministry said on Sunday that fiscal policy will become more proactive in 2026, reinforcing Beijing’s commitment to boosting domestic demand, accelerating technological innovation, and strengthening the country’s social safety net as it confronts slowing momentum at home and rising pressure from trading partners.

The policy signal followed a two-day meeting where fiscal authorities outlined economic priorities for next year, against the backdrop of a prolonged property downturn that has weighed heavily on household confidence, local government finances, and broader economic sentiment.

In a statement released after the meeting, the ministry said China would step up efforts to expand consumption and actively increase investment in what it described as “new productive forces,” a phrase often used by policymakers to refer to advanced manufacturing, high-end technology, green industries, and digital innovation.

“China will boost consumption and actively expand investment in new productive forces and people’s overall development,” the ministry said, pointing to a shift toward demand-side support after years of export-led growth.

The renewed emphasis on domestic demand comes as major trading partners continue to urge Beijing to reduce its reliance on exports, warning that China’s manufacturing overcapacity risks distorting global trade flows. Those calls have intensified as weak domestic demand has pushed Chinese firms to lean more heavily on overseas markets, even as geopolitical tensions and trade barriers rise.

At home, the drag from the property sector remains a central concern. The multi-year real estate crisis has eroded household wealth, dampened consumer spending, and strained local government finances that depend heavily on land sales. The ripple effects have contributed to subdued inflation and, in some sectors, outright deflation, reinforcing the urgency for stronger fiscal intervention.

Beyond consumption, the finance ministry said fiscal policy in 2026 would prioritize innovation as a means of cultivating new growth engines. Support for research, advanced manufacturing, and strategic technologies is expected to remain central to Beijing’s long-term plan to move the economy up the value chain and reduce dependence on foreign technology.

The ministry also pledged further improvements to the social security system, with a focus on expanding access to healthcare and education. Analysts see this as a key lever for encouraging household spending, as stronger social protections could reduce precautionary savings and free up income for consumption.

Other policy priorities outlined for next year include promoting deeper integration between urban and rural areas, a long-standing goal aimed at narrowing income gaps and unlocking rural consumption, as well as accelerating China’s transition to a greener economy through environmental and energy-related investments.

Despite mounting headwinds, China is expected to maintain its annual growth target of around 5 percent in 2026, according to government advisers and analysts cited by Reuters. Achieving that goal, however, would likely require authorities to keep both fiscal and monetary support in place as they attempt to break the economy out of its deflationary spell.

Earlier this month, China’s top leaders reiterated their commitment to a “proactive” fiscal stance in 2026, signaling readiness to use government spending and targeted stimulus to stabilize growth. That language suggests continued issuance of government bonds, support for infrastructure and strategic sectors, and policies aimed at reviving consumer confidence.

The challenge for policymakers will be balancing short-term stimulus with longer-term structural reforms, particularly as debt levels remain elevated and external demand becomes more uncertain. Currently, the finance ministry’s message points to a clear priority of reigniting domestic demand and restoring confidence as China seeks to sustain growth in an increasingly complex global environment.