Day: June 2, 2022

What Makes CoinEx the Most Popular Futures Trading Platform Among Beginners?

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When making investments on a crypto exchange, crypto users have several choices. The first choice is spot trading (e.g. buying BTC). However, in this case, investors can only profit from their crypto holding when the price rises against the volatility of the crypto market. The second choice is to trade derivatives. For instance, when trading delivery contracts, investors can earn more profits from price swings via high leverage compared with their spot returns. Yet they could not hold onto their delivery contracts over the long run as such contracts will…

Investors’ perception of crypto is changing for the better: Economist survey

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A report published by the Economist paints a bright future for cryptocurrency adoption, with survey respondents anticipating growing demand in the near future. Economist Impact published findings of its โ€˜Digimentality Reportโ€™, delving into consumer trust in digital payments and the stumbling blocks that have hampered the digitization of basic monetary functions. The data obtained provide food for thought and perspective, as it compares trends from previous surveys on the subject carried out in 2020 and 2021. Information was gleaned from a consumer survey completed by 3,000 consumers in early 2022,…

India Leads the World in NFT Gaming, Fewer P2E Players in Western Countries โ€“ Metaverse Bitcoin News

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India is the global leader in non-fungible token (NFT) gaming, while the number of play-to-earn (P2E) players in developed countries like the U.S. and France is significantly lower than in much of the rest of the world, the latest data from Finder has shown. More People Plan to Play in the Future According to Finderโ€™s latest NFT gaming statistics, India is the country with the highest number of respondents (34%) that have played a P2E game. Hong Kong is the next highest country with 29%, while the United Arab Emirates…

Community fires back at anti-crypto letter sent to US lawmakers

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The increase of crypto lobbyists recently sparked an effort from anti-crypto individuals in the tech space to urge regulators through a letter to resist the influence of blockchain advocates. In response, the crypto community criticized the move and laid out counterarguments against the contents of the letter.ย  Signed by 26 tech personalities, the letter sent to United States lawmakers described crypto assets as โ€œrisky, flawed, and unproven digital financial instruments.โ€ It expressed disagreements about the potential of blockchain technology and has urged the regulators to create harsher regulations for cryptocurrencies.…

South Korean government becomes an early investor in metaverse

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South Korea, a nation known for its strict crypto regulatory stance, is betting big on the metaverse. The government will invest over 223.7 billion won ($177.1 million) directly in various metaverse projects. The decision to invest in the nascent metaverse tech makes South Korea one of the first national governments to do so. The investment came under the โ€˜Digital New Dealโ€™ program set up to invest in emerging technologies. The program is headed by the countryโ€™s science and information and communication technologies ministry led by Lim Hyesook. Hyesook called the…

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Singapore’s Central Bank, DBS, JPMorgan Collaborate to Explore Uses of Digital Assets, Defi โ€“ Regulation Bitcoin News

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The Monetary Authority of Singapore (MAS) has partnered with major banks and financial services companies to explore the uses of asset tokenization and decentralized finance (defi). DBS Bank and JPMorgan will pilot the first project. Project Guardian Launched The Monetary Authority of Singapore (MAS), the countryโ€™s central bank, announced Tuesday that it has partnered with the financial services industry to launch Project Guardian. The central bank described Project Guardian as โ€œa collaborative initiative with the financial industry that seeks to explore the economic potential and value-adding use cases of asset…

All of DeFiโ€™s Benefits in One Token

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Source Protocol โ€“ an up-and-coming smartchain and interoperable DeFi ecosystem โ€“ has set out to lower the barriers of entry to this new financial landscape through its suite of products and automated protocols that allows users from all walks of life to easily participate in DeFi. In this pursuit, Source is preparing to launch its first utility-based reward token, Source Token (SRCX); a smart contract token that enables users to passively participate in DeFi markets. SRCX Yield Echoes and the Dynamic Compound Liquidity Pool (DCLP) Launching on Binance Smart Chain,…