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Numerous economic indicators suggest that the U.S. and global economies will soon face a severe recession. Let's take a look at what that might mean for crypto investors.

According to the recently published survey data, around a million people in Australia will acquire cryptocurrency within the following year for the first time, therefore, resulting in increasing numbers of cryptocurrency owners in the country, which generally exceed the number of 5 million.

The U.S. exchange Nasdaq is taking its first steps into crypto services with a focus on security, going into market with its own product for bitcoin and ether that targets institutional investors.

According to a former head of risk at Credit Suisse CK Zheng, the next bull market in crypto will be triggered by the regulatory clarity for crypto in the United States. The crypto growth is expected to be seen in early 2023.

JPMorgan, the U.S. largest investment bank, is augmenting employees by posting job offerings in blockchain technology.