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A joint research conducted by Consensys and YouGov estimated that 92% of the participants are aware of cryptocurrencies. 37% see the asset class as the future money, whereas 26% are on the opposite corner, viewing it as a #Scam . Residents of the United States and the United Kingdom are more likely to associate digital currencies with fraudulent schemes. →→The Sentiment Toward Crypto and #NFTs. The survey, which spread across the Americas, Asia, Europe, and Africa and questioned over 15,000 individuals, showed that most respondents are aware of cryptocurrencies, with many seeing a bright future for the #industry . Nearly 40% of the participants believe the asset class could emerge as the future of money, while 31% see it as the future of digital ownership. Every fourth gives the sector the evil eye, comparing it to a scam. Nigerians (65%) and Argentines (56%) are most motivated to hold digital assets as a means to store value. This could be explained by the instability of their financial system and local currencies.

A joint research conducted by Consensys and YouGov estimated that 92% of the participants are aware of cryptocurrencies. 37% see the asset class as the future money, whereas 26% are on the opposite corner, viewing it as a #Scam .

Residents of the United States and the United Kingdom are more likely to associate digital currencies with fraudulent schemes.

→→The Sentiment Toward Crypto and #NFTs.

The survey, which spread across the Americas, Asia, Europe, and Africa and questioned over 15,000 individuals, showed that most respondents are aware of cryptocurrencies, with many seeing a bright future for the #industry .

Nearly 40% of the participants believe the asset class could emerge as the future of money, while 31% see it as the future of digital ownership. Every fourth gives the sector the evil eye, comparing it to a scam.

Nigerians (65%) and Argentines (56%) are most motivated to hold digital assets as a means to store value. This could be explained by the instability of their financial system and local currencies.

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Consultez les CG.
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The world’s largest crypto exchange, #BinanceEVM , is in talks with the #Indian government to restore citizens’ access to the Binance mobile application and website. An Indian publishing firm captured this development, citing sources familiar with the matter. Per the report, Binance is willing to settle outstanding taxes accumulated as of January 12, when operations were halted. However, it noted that the exchange is unprepared to adhere to the Prevention of Money Laundering Act (#PMLA ) guidelines. In particular, Binance sources reportedly stated that the exchange requires time to establish the necessary procedures to comply with the PMLA and Financial Intelligence Unit (FIU) regulations. Consequently, it requested permission to resume operations in the interim period. In response, the Indian authorities have rejected Binance’s request to resume operations until the company implements the necessary compliance. The statement read: Compliance with PMLA is paramount. They have been explicitly told that any discussion on resumption of their services in India is only after the government is satisfied with their responses on the notices sent by the FIU. Earlier, the government blocked nine offshore crypto platforms’ websites and mobile apps. The affected exchanges include Binance, kucoin. #Huobi , OKX, Gate.io, Bittrex, Bitstamp, #MEXC Global, and Bitfinex. Notably, the government’s step was warranted because these platforms failed to respond to show-cause notices from the FIU. Meanwhile, the government is collaborating with banks to devise measures against traders who utilize virtual private networks (VPNs) to access the banned platforms. Data suggested that approximately 4,000 Indian crypto traders are suspected of using VPNs to conduct transactions on Binance rather than transferring their assets to compliant Indian exchanges. It is estimated that nearly $4 billion worth of crypto belonging to Indian traders is stored in offshore wallets.
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THE #bullrun2024! ? ? ? Oliver L. Velez, an experienced digital assets trader, has advised crypto investors to get their bitcoins off crypto exchanges and prepare to buy the dip. Velez said this in a recent post on X (formerly Twitter) where he identified a crucial reason why the crypto market might experience another significant crash. $BNB is near #BinanceSquareExplorers last leveraged liquidation price once again. Remember when Caroline of Alameda tried to defend the $22 price before it and #FTX. imploded? A $BNB collapse would bring down a house of cards 10x the size of FTX. Get your #Bitcoin off all exchanges. Oliver L. Velez ⚡️ 13%'er Bitcoine September 11, 2023 Velez claimed that at its current price, BNB is near Binance’s last leveraged liquidation price. He believes that a BNB collapse would impact the entire crypto market in a significant way. According to Velez, a BNB crash will send the crypto market tumbling by more than ten times the magnitude of the crash experienced during the FTX collapse of last November. The highly experienced trader recalled an event that preceded the FTX collapse, when Carolin Ellis, CEO of Alameda Research, posted that Alameda would buy Changpeng Zhao’s FTT tokens for $22 each. Of course, that did not materialize and could not save the market from an eventual collapse. Velez thinks the crypto market is preparing for a cleansing flush-out before the next bull run in 2024. Ecks, a respondent to Velez’s post, noted that Changpeng Zhao, CEO of Binance, already claimed that the exchange has no loans. If that is the case, Ecks questioned the possibility of liquidation.
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