{"id":179999,"date":"2023-10-24T14:59:44","date_gmt":"2023-10-24T09:29:44","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=179999"},"modified":"2023-10-24T14:59:44","modified_gmt":"2023-10-24T09:29:44","slug":"north-america-retains-crypto-crown-chainalysis-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/north-america-retains-crypto-crown-chainalysis-crypto-news\/","title":{"rendered":"North America retains crypto crown: Chainalysis &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>North America maintained its position as the world\u2019s largest cryptocurrency market with an estimated US$1.2 trillion in on-chain value received from July 2022 to June 2023, according to blockchain intelligence firm Chainalysis.<\/p>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/uk-emerges-worlds-third-largest-economy-crypto-transaction-volume-chainalysis\/\">UK emerges as world\u2019s third-largest economy in terms of crypto transaction volume: Chainalysis<\/a><\/p>\n<ul>\n<li>North America represents almost a quarter of global transactions with over US$1 trillion originating from the United States, Chainalysis said in its <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.chainalysis.com\/blog\/north-america-cryptocurrency-adoption\/\">report<\/a> published Monday.<\/li>\n<li>The region still has the top adoption rate of decentralized finance (DeFi), but crypto activity in North America has fallen over the past year following the FTX <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/ftx-files-for-bankruptcy-sam-bankman-fried-steps-down-as-ceo\/\">blowup<\/a> in November 2022 and the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/bybit-silvergate-crypto-banking\/\">banking crisis<\/a> of March 2023.<\/li>\n<li>\u201cNorth America\u2019s crypto market is more driven by institutional activity than any other region\u2019s with a whopping 76.9% of transaction volume driven by transfers of US$1 million or more,\u201d Chainalysis reported.<\/li>\n<li>Crypto activity in the U.S. remains high despite a flurry of enforcement actions against industry players in the country. In September, David Hirsch, head of crypto assets and cyber unit at the Securities and Exchange Commission, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/sec-more-charges-on-crypto-defi\/\">said<\/a> the agency will load more charges onto crypto exchanges, intermediaries, and DeFi entities.<\/li>\n<li>While crypto activity remains high in the region, stablecoin usage declined. From February to June 2023, stablecoins\u2019 share of North America\u2019s on-chain transaction volume fell from 70.3% to 48.8%.\u00a0<\/li>\n<\/ul>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/uk-emerges-worlds-third-largest-economy-crypto-transaction-volume-chainalysis\/\">\u2018There\u2019s no doubt we picked a side here\u2019 \u2014 Chainalysis founder Michael Gronager talks analytics, Ukraine and crypto adoption in Asia<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>North America maintained its position as the world\u2019s largest cryptocurrency market with an estimated US$1.2 trillion in on-chain value received from July 2022 to June 2023, according to blockchain intelligence firm Chainalysis. See related article: UK emerges as world\u2019s third-largest economy in terms of crypto transaction volume: Chainalysis North America represents almost a quarter of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":180000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-179999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=179999"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179999\/revisions"}],"predecessor-version":[{"id":180001,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179999\/revisions\/180001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/180000"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=179999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=179999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=179999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}