The development of DeFi, NFTs, and greater regulatory clarity on the crypto industry keep Europe as the world's leading crypto economy, according to Chainalysis. This and more news in this handy daily digest to keep you up to date with the latest developments in the crypto world.
Europe remains the world's leading crypto economy
📍More than $1,3 trillion worth of cryptocurrency moved through Europe between 2021 and 2022, Chainalysis reported. This represented almost 22% of the volume transacted with cryptocurrencies globally during that period, blockchain analysis firm Chainalysis noted in its Third Report on the Global Crypto Adoption Index 2022 that the decentralized finance (DeFi) and NFT ecosystem have contributed significantly to the development of the crypto industry on the European continent.
In addition to this, Chainalysis highlighted that the creation of favorable regulatory frameworks for the industry, such as the MiCA Law, are improving the perception of investors and users, increasing confidence and favoring the adoption of crypto assets.
In the report, Chainalysis also highlighted that businesses continue to unlock the opportunities offered by cryptocurrencies despite having experienced a tumultuous and quite difficult year in 2022.
Bitcoin closed January with gains of 40%
📍Bitcoin price registered a 40% increase in its first monthly close this year. Bitcoin closed the month of January with a price of $ 23.100 dollars per BTC at the time of writing. At the beginning of the month, its unit price was $16.500, so the world's leading cryptocurrency has registered gains of 40% in the last 30 days.
Goldman Sachs, one of the world's largest investment banking groups, has ranked Bitcoin as the best-performing asset globally so far this year for two consecutive weeks.
However, analysts do not rule out a possible short-term correction due to the impact that the Federal Reserve's monetary policies could have on the markets.
Source: CoinMarketCap
Is HSBC interested in cryptocurrencies?
📍Two job postings by banking giant HSBC suggest a growing interest in cryptocurrencies. British bank HSBC is looking for two experts in tokenization and digital assets, according to job offers published by the entity on its website.
One of the entity's vacancies is for the position of GPBW Product Manager and Tokenization, who must have experience in developing asset tokenization use cases and in GPB&W's digital asset offering. Separately, HSBC is also looking for a virtual asset product manager, who will be responsible for developing new strategies and coordinating all lines of business related to cryptoassets, including compliance and risk.
In both offerings, the British bank stressed that digital assets are a new topic that is growing and evolving rapidly.
HSBC has already been implementing blockchain technology to optimize its transaction processes and has entered the Metaverse, purchasing a property in The Sandbox, from where it promotes different sports and educational experiences.
Continue reading: Twitter is preparing to support payments from its platform. Will cryptocurrencies have a place?
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