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Victoria, Seychelles, April 17th, 2024, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, has released a report on the growth recorded in the Middle East and North African region s since its launch in November 2023. With over 2.5M users from the region alone, Bitget has now reached 25M users worldwide. Last year, Bitget announced its expansion into the Middle East region with plans to establish its region al hub in the UAE and hire 60 employees as part of its global scaling strategy. In the last six month s, Bitget has grown its MENA trading volumes by over 500% from its initial launch, aiming to bring in more localized solutions for its users . Sam A Spiers, Regional Director for Bitget MENA, states: “Bitget will strengthen its operations in the MENA region , leveraging the region ’s high adoption rates and crypto-friendly landscape. We are exploring blockchain and crypto projects to support home-ground proje...

Following a great month of October, which saw Solana’s (SOL) market cap skyrocket over 62%, adding billion s to its total worth, the asset has once again recaptured the attention of cryptocurrency investors. In fact, in the last 30 days, SOL climbed from $9.88 billion on October 2 to over $16.4 billion on November 1, adding over  $6 billion to its value, as per the latest information taken by Finbold from CoinMarketCap at the start of November. Solana’s market cap increase in October Source: CoinMarketCap These results have made up 2% of all discussions regarding the top 100 crypto assets of this highly-performing currency. “Solana, which has now returned to the #7 spot on market cap rankings, has now seen its value rise +62% in a great month of October. Notably, nearly 2% of all discussions related to top 100 assets are related to SOL, & rising volume would be bullish,” according to the information published on crypto analytics platform Santiment in an X post on N...

Author: WuBlockchain According to statistics from RootData, there were a total of 93 publicly announced investment projects in May. This represents a 13% decrease compared to the previous month (107 projects in April 2023) and a 40% decrease compared to the same period last year (155 projects in May 2022). Please note that not all financing is announced in the same month , so the above statistics may increase in the future. Here are the primary industry classifications: In the crypto market in May, infrastructure projects accounted for approximately 29% of the financing, DeFi accounted for approximately 18%, CeFi accounted for approximately 6%, and NFT/GameFi accounted for approximately 26%. The total financing amount in May was $760 million, which is a 7% decrease compared to the previous month ($820 million in April 2023) and a 66% decrease compared to May 2022 ($2.23 billion). The funding rounds exceeding $20 million are as follows: The technology company Tools for Humanity, be...

Join Our Telegram channel to stay up to date on breaking news coverage March hasn’t been the best month for the cryptocurrency market, historically speaking. If anything, it has been one of the worst months, which has a record for painting the market in the red. While long-term investors are pretty resilient to the token’s unexciting performance, short-term investors are on the edge of their seats as they struggle to keep their portfolios in the green. This time, however, March may come with a surprise and might break the long following tradition of a bearish month. March Remains A Loss Making Month For Bitcoin Bitcoin is the number one cryptocurrency in the world, with a market dominance of over 40%, and also the first cryptocurrency to ever be introduced. BTC has been around for a decade and is pretty much representative of the market-wide performance. Most cryptocurrencies in the market, or at least the top 50, mimic the price performance of Bitcoin during a bu...

A 30-day Exponential Moving Average of the number of Bitcoins that are “in profit” – i.e. were acquired at a time when the BTC price was lower – hit a 2- month high on the 19 th of January, according to crypto data and on-chain analytics firm Glassnode. In wake of the latest Bitcoin rally that has seen the world’s largest cryptocurrency by market capitalization regain the $21,000 following a near 30% rally since the start of the month , Glassnode’s 30-day EMA of Bitcoin Supply in Profit rose to over 10.5 million coins. That’s its highest since last September. At present, there are 19.27 million Bitcoins in circulation of a total 21 million that can ever be mined. As a result, the Supply in Profit Trend is now positive, says Glassnode. “During positive market trends, the volume of BTC supply that was acquired at lower prices tends to increase, putting more supply into an unrealized profit,” the crypto analytics f...