U.S. Fed's Vice Chair Barr Suggests CBDC Decision Remains a ‘Long Way’
MicroStrategy's Significant Bitcoin Impairment Losses May Mislead: Berenberg
Turkish Crypto Exchange Thodex CEO Faruk Özer Sentenced to 11,196 Years in Prison for Collapse
According to recent data from CoinGecko, the state of California may be the nation's one where people are most interested in learning more about Bitcoin (BTC) and Ether (ETH).
According to a CoinGecko research, 43% of all Bitcoin and Ethereum web traffic queries on the cryptocurrency tracking website were made by internet users in California. Despite the fact that only 11.9% of Americans live in the state as a whole, this is the case.
Bobby Ong, chief operating officer and co-founder of CoinGecko, said it was “unsurprising” that California took the crown in the blue-chip cryptocurrency interest, given its place as a “major technological hub.”
California is also home to Silicon Valley — one of the largest technology and innovation hubs in the world.
Among the largest companies situated in Silicon Valley to have invested in blockchain-based applications and crypto startups include Apple, Google, Meta, PayPal and Wells Fargo.
Centralized exchange Coinbase was one of the first major crypto companies to be headquartered in California, despite no longer having a headquarters today. The Graph, Helium, MakerDAO and dYdX are among some of the latest Web3 projects with a presence in the Golden State.
Many prestigious universities with excellent engineering and technology departments are also located in California, such as Stanford University, California Institute of Technology and the University of California, Berkeley.
CoinGecko also noted that other states with a strong interest in the two cryptocurrencies include Illinois, New York, Florida and Washington, followed by Pennsylvania, Texas, Virginia, Georgia and Arizona.
Across the top 20 states, most searches on the website appeared to be weighted toward Bitcoin. However, the data found that four particular states saw more searches for Ethereum than its competitor.
“What’s especially notable is Colorado, Wisconsin, New Jersey, and Florida’s interest in Ethereum over Bitcoin,” explained Ong.
“It remains to be seen how these rankings and market shares will play out in the coming months, with Ethereum’s Merge around the corner.”
The data was gathered exclusively from American-based websites between May 2 and August 21, 2022. The information was indexed on a scale of 0-100, with 100 denoting California, the state with the largest web traffic in comparison to the other states.
The findings coincide with a study conducted by Study.com that found that over 64% of parents and college graduates in the United States who have a sufficient understanding of blockchain technology want cryptocurrency to be taught in classrooms.
According to cryptocurrency data aggregator Coincub, when it comes to crypto-friendly policy and legislation, the U.S. has surpassed Singapore, Australia, and Switzerland to take joint first place with Germany on a worldwide scale.
========
