chainalysis

Stablecoin Issuer Tether’s USDT Potentially Seeing Rise in Adoption in Sanctioned Countries: Report

November 3, 2024 The Daily Hodl

Africa

The world’s largest stablecoin by market cap is reportedly potentially seeing a rise in adoption amongst sanctioned nations. Citing data from market intelligence platform Chainalysis, Bloomberg reports that stablecoin issuer Tether’s USDT is seeing increased usage at time zones correlated with major cities in Eastern Europe, the Middle East and Africa, including sanctioned nations such […]

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Crypto Goes Mainstream: Blackrock Boosts North America’s $1.3T Inflows

October 18, 2024 Bitcoin.com

Adoption

Cryptocurrency is increasingly integrated into the mainstream as North America continues to lead the global crypto market, receiving $1.3 trillion in onchain value between July 2023 and June 2024, according to Chainalysis. Institutional giants like Goldman Sachs and Blackrock are now taking serious positions in the crypto space, with U.S. bitcoin exchange-traded products (ETPs) driving […]

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US lagging behind in global stablecoin adoption — Chainalysis

October 17, 2024 Coin Telegraph

Bitcoin

Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions.

The United States has seen record Bitcoin activity since the launch of spot BTC exchange-traded funds (ETFs). However, stablecoin adoption in the US has slowed in 2024 compared to global markets, according to an Oct. 17 report from Chainalysis.

US markets have recorded a significant shift in stablecoin activity this year, with the share of stablecoin transactions on US-regulated exchanges dropping from roughly 50% in 2023 to below 40% in 2024.

In contrast, the share of stablecoin transactions on non-US regulated platforms has surged since 2023, breaking 60% in 2024, according to Chainalysis’ latest report on crypto adoption trends in North America.

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Latam Insights Encore: Venezuela Can Grow to Be Latin America’s Crypto Haven

October 14, 2024 Bitcoin.com

bitcoin.com

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the possibility of Venezuela growing to become the top cryptocurrency market in Latam and the key elements that are holding it back from realizing its potential. Latam Insights Encore: Venezuela […]

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Latam Insights: Venezuela Reaches Crypto Milestone, Consortium Announces Real Stablecoin

October 12, 2024 Bitcoin.com

Avalanche

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Chainalysis states Venezuela was the country where cryptocurrency markets grew most last year, Brazilian giants team to launch a real-pegged stablecoin, and Littio leveraged Avalanche to offer yield-bearing dollar-based savings accounts. Chainalysis Latam […]

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DHS says it thwarted more than 500 crypto ransom attacks in 3 years

October 7, 2024 Coin Telegraph

chainalysis

The US Department of Homeland Security reported that it has disrupted hundreds of ransom attacks since its formation in 2021.

United States Department of Homeland Security investigators say they’ve thwarted hundreds of ransomware cyberattacks, often before they occurred, and have seized billions of extorted crypto since 2021.

US agencies were the top targets, accounting for 21% of the disrupted hacks, more than any business sector, Mike Prado, the deputy assistant director of the Homeland Security Investigations (HSI) Cyber Crimes Center, told Bloomberg in an Oct. 4 report.

The division has disrupted 537 ransomware attacks since it was formed in 2021 and has traced and seized $4.3 billion worth of crypto from exchanges and hackers’ devices that had been stolen through extortion payments.

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China’s Crypto Brokers Attract $75,000,000,000 in Funding Despite Regulatory Crackdown: Report

September 25, 2024 The Daily Hodl

Bloomberg

Over-the-counter (OTC) crypto desks in China are reportedly attracting tens of billions of dollars from investors despite the nation’s crackdowns on the digital assets industry. Citing data from crypto analytics firm Chainalysis, Bloomberg reports that the OTC brokers in China have lured in $75 billion worth of funds in the last nine months. In 2021, […]

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South Korea, Hong Kong Lead Crypto Market Growth in East Asia

September 19, 2024 Bitcoin.com

Altcoins

East Asia’s cryptocurrency market is experiencing significant growth, driven by institutional adoption in South Korea and Hong Kong, according to a report by blockchain analytics firm Chainalysis. South Korea leads with $130 billion in on-chain value, while Hong Kong emerges as a major hub due to its unique regulatory framework. Both regions reflect shifting attitudes […]

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Binance CEO says task force is working ‘across the clock’ to free exec in Nigeria

September 19, 2024 Coin Telegraph

Binance

Binance CEO Richard Teng said the company has continued to explore every legal and political avenue to bring Gambaryan home as his health deteriorates by the day. 

Binance CEO Richard Teng says his team has been working “across the clock” to bring Tigran Gambaryan home to the United States as the exec’s health declines by the day.

“There’s no need to hold our staff. He’s held unjustly, unfairly,” Teng told Cointelegraph at the Token2049 conference in Singapore on Sept. 19.

“It is distressing for all of us,” said Teng. “Especially for the families. For us at Binance, this is a top priority for us. We have a task force internally working across the clock, looking at different avenues from legal to political.”

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India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption Index

September 12, 2024 Bitcoin.com

Bitcoin

India, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto activity, particularly in lower-income nations. Chainalysis Highlights Global Cryptocurrency Adoption Blockchain data analytics firm Chainalysis published an excerpt from its 2024 Geography […]

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