Is the cryptocurrency epicenter moving away from East Asia?
It probably came as little surprise last year when crypto intelligence firm Chainalysis declared East Asia the worlds largest cryptocurrency market, accounting for 31% of all cryptocurrency transacted during the previous 12 months. The region has a broad base of retail users along with a solid foundation of crypto traders and institutions, and China alone was at the time mining around two-thirds of all the Bitcoin in the world.In July 2021, Fidelity Digital Assets surveyed 1,100 institutional investors in the United States (408), Europe (393) and Asia (299) between December 2, 2020 and....
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There has been tremendous potential for bitcoin growth these days, especially since the underlying blockchain technology has also been under the spotlight. For venture capitalist John Kim, there are still plenty of untapped opportunities for bitcoin growth in South East Asia. Kim shared his thoughts on the potential for bitcoin companies to thrive in the region during his presentation at the Coin Congress conference. He was joined by other speakers such as Brock Pierce, an advisor for Coin Congress. Bitcoin Growth in Asia. Kim pointed out that South East Asia is home to 618 million people,....
Proof-of-stake protocols were designed to encourage users to lock up their coins, but synthetic assets are circumventing that design to allow double-dipping in DeFi.One of Forbes’ 30 Under 30 in Asia, Tushar Aggarwal wears many hats: He started the crypto podcast Decrypt Asia, works as a venture scout with LuneX Ventures, and runs Persistence, a platform that lets users earn liquidity rewards while they stake coins.Aggarwals platform issues synthetic assets, perhaps better understood as redemption coupons, for staked coins that can be used elsewhere to maximize returns. This method is....
Singapore-based Payment Solutions Provider CoinPip has teamed up with 37Coins to bring an SMS wallet to the region. CoinPip is excited to offer the opportunity for consumers to pay in bitcoin from absolutely any mobile device with SMS functionality. The company has gained attention with their BOOST events, promoting Bitcoin throughout the region in an intimate setting with a hands-on and educational approach. They saw a real need to rapidly integrate this service for their users on Apple devices or with dumb phones. Co-founder of CoinPip, Anson Zeall, is planning to expand to Hong Kong and....
Singaporean cryptocurrency exchange CoinHe is furthering investment into the South-East Asia (SEA) DeFi landscape, by way of a $1 million dollar investment in open-source protocol Xpool. The investment shows a continued focus by CoinHe to invest in DeFi throughout Asia. The company signed an MOU with Xpool, with the team citing their intent to establish […]
A new blockchain body has been launched with the backing of industry leaders in the Middle East region including figures from Binance, Crypto.com, and the largest crypto exchange in the region. A new blockchain and cryptocurrency-focused association has been launched within Abu Dhabi's free economic zone that aims to further the development of blockchain and crypto ecosystems across the Middle Eastern, North Africa, and Asian regions.The Middle East, Africa & Asia Crypto & Blockchain Association (MEAACBA) was officially launched on Nov. 8 in the Abu Dhabi Global Market (ADGM), a free....