Differing economic conditions around the world are leading to the existence of two contrasting crypto markets — one resembling the original vision laid out over a decade ago, and the other driven by a more recent evolution.
Driving the news: Dollar and other currency-pegged stablecoins are proving their worth in countries where the value of the local currency swings from one day to the next. But the U.S. and Canada's "disproportionate embrace of DeFi" has led to a very different cryptocurrency market, according to a new report from research firm Chainalysis.
By the numbers: Crypto transactions in the Latin America region reached $562 billion as of June 2022, up 40% from last year's total, according to Chainalysis's 2o22 Geography of Cryptocurrency report published Thursday. (Here's last year's.)
Folks in the region at-large appear to be reaching for crypto to save, send payments or, seek alpha, the report said.
The other side: Where storing value and sending payments dominates...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...