Bitcoin does not appear to be an inflation hedge at this time, According to Chainalysis
Many investors, despite the lack of a statistically significant association between inflation and Bitcoin values, continue to view the asset in this manner. According to data from the blockchain analytics firm Chainalysis , Bitcoin (BTC) may not be the inflation hedge that many people perceive it to be at this time. According to Chainalysis‘ head […]
Chainalysis report shows Africa’s crypto market grew by more than 1,200% since 2020
The cryptocurrency market in Africa has grown significantly since last year, according to digital analytics firm Chainalysis, with the region accounting for a larger transaction volume than the global average. Africa’s crypto market increased in value by more than 1,200 percent between July 2020 and June 2021, according to a report released on Tuesday by […]
Chainalysis report shows that institutional investors dominated the DeFi scene in Q2
Retail actors alone do not dominate the decentralized finance (DeFi) system any longer, institutional investors are also delving into the market according to Chainalysis’ Q2 report. Institutional investors played a big influence in De adoption in Q2 2021, according to blockchain research firm Chainalysis. Chainalysis noted in its soon-to-be-released “Global DeFi Adoption Index” report: “Large […]
Kenya tops the chart in terms of P2P crypto trading according to Chainalysis
According to Chainalysis’ most recent survey, Kenya rated first in the world on the peer-to-peer exchange trade index. Kenyan citizens topped the charts with their record-breaking P2P trade data , according to the Global Crypto Adoption Index 2021, which surveyed 154 countries to examine global crypto adoption. Furthermore, Kenya and Nigeria are ranked first and […]