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Showing posts with the label asia

Binance survey highlights evolving crypto security practices in Asia

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The largest cryptocurrency exchange in the world, Binance, released the results of its Asia Crypto Security Survey on May 6, after collecting responses from 29,847 cryptocurrency users in Southeast Asia, South Asia, and East Asia. Binance’s questionnaire covered a wide variety of security topics — while the results of the survey point to both increased awareness of security issues in the Asian markets as well as a high degree of trust in existing security measures. Some 40.7% of survey participants reported having experienced some form of exposure to crypto-related scams. In terms of the channels used to propagate these malicious ploys, X, Telegram, and Facebook seem to be the most commonly used — with 57%, 51.2%, and 46.5% users identifying these platforms as being leveraged to spread scam information in their regions. Social media platforms most commonly used to disseminate scams. Source: Binance Binance survey reveals users want real-time monitoring, public data...

Stablecoin data points to ‘healthy appetite’ from bulls and possible Bitcoin rally to $25K

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Bitcoin price continues to press higher this week as demand for stablecoins and a key BTC price metric suggests bulls have a “healthy appetite.” Bitcoin (BTC) rallied 11% between Jan. 20 and Jan. 21, reaching the $23,000 level and shattering bears' expectations for a pullback to $20,000. Even more notable is the move brought demand from Asia-based retail investors according to data from a key stablecoin premium indicator. Traders should note that the tech-heavy Nasdaq-100 index also gained 5.1% between Jan. 20 and Jan. 23, fueled by investors' hope in China reopening for business after temporary shutdowns caused by the CCP’s virus contagion measures and weaker than expected economic data in the U.S. and the Eurozone. Another bit of bullish information came on Jan. 20 after U.S. Federal Reserve governor Christopher Waller reinforced the market expectation of a 25 basis point interest rate increase in February. A handful of heavyweight companies are expected to report their lat...