Europe becomes largest crypto economy with over $1T in transactions — Chainal...
DeFi has become a major catalyst for Europe’s crypto economy. Large institutions have also upped their share of transactions significantly. The region of central, northern and western Europe, or CNWE, has emerged as the world’s most active cryptocurrency block, receiving over $1 trillion worth of digital assets over the past year, according to new research from blockchain analytics firm Chainalysis. The report, which was released Tuesday, found that the CNWE region accounted for 25% of global crypto activity between July 2020 and June 2021. The region witnessed a sharp uptick in....
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When it comes to cryptocurrency transactions, the region of Central and Southern Asia and Oceania, or CSAO, is growing rapidly. Emerging markets across Central and Southern Asia have registered a dramatic uptick in cryptocurrency transactions, highlighting a diverse range of motivations among locals for gaining exposure to digital assets such as Bitcoin (BTC) and Ether (ETH).New research from blockchain analytics firm Chainalysis finds that crypto transactions surged 706% in Central and Southern Asia and Oceania — a broad region that includes countries such as India, Pakistan and Vietnam —....
According to a recent Chainalysis report, Central, Northern, and Western Europe (CNWE) have become the biggest crypto economy in the world. Over the last year, the region has received over $1 trillion worth of cryptocurrency, and this amount represents 25% of all global activity. CNWE ranked second in last year’s survey. However, the tremendous growth that […]
India is now the world’s fifth-largest economy after surpassing the U.K., the latest data from the International Monetary Fund (IMF) shows. India’s former chief economic advisor expects the country to become the world’s third-largest economy by 2028-30.
India Becomes 5th Largest Economy in the World
India has leaped past the U.K. and become the fifth-biggest economy, Bloomberg reported Friday, citing IMF’s GDP data and historic exchange rates. According to this estimation, India surpassed the U.K. in the last quarter of 2021 and is now behind....
India is one of the emerging global economies. The country's statistics are mind-boggling. To give you a preview of it: India is the second largest country in the world in terms of population. The median age of the Indian population is 27 years (in other words, we are looking at a huge productive workforce). India is the tenth largest economy in the world and it is gradually climbing up the list. It is the world's third largest economy in terms of purchasing power parity. It is again in the third position among the largest economies in Asia. The country has close economic ties with three....
Major economies in the world today, are struggling to grow even at modest rates. Each of the prominent economies, including US, Europe, China, and Japan, are struggling to come out of the protracted economic slowdown because of various domestic and foreign factors. China's housing market bubble is about to burst, Europe has recently embarked on a massive quantitative easing program to boost inflationary expectations, Bank of Japan is expecting inflation to touch zero levels, and US Fed is still not sure about raising historically low-interest rates even as it shows confidence in the....