Fun

News Feed - 2023-08-31 02:08:09

Zhiyuan Sun6 hours ago76% of Vietnamese crypto holders invest based on referrals — ReportVietnam is currently among the top countries in the world in terms of crypto adoption.1039 Total views46 Total sharesListen to article 0:00NewsJoin us on social networksOver three-quarters of Vietnamese crypto holders make investment decisions through friends’ referrals.


That’s according to an Aug. 30 report by Vietnamese venture capital firms Kyros Ventures and Coin68, alongside Animoca Brands. In the 3,300-participant survey, 75.5% of participants admitted being “influenced by recommendations or referrals” regarding crypto investing. The amount is 2.5 times higher than reported in the United States.


Self-study, community groups and media news were the biggest sources of information for Vietnamese crypto investors, with nearly one in two electing such methods.


The "Vietnam Cryptocurrency Market Report" for the first half of 2023 also found that 70% of respondents believed the bear market was already over or nearing its end. Meanwhile, 75% of respondents desired more regulatory intervention in the crypto sector.


As per Chainalysis, Vietnam is currently the top country in the world in terms of crypto adoption and second in decentralized finance (DeFi), with over 19% of adults owning digital assets. Despite this, only nine Vietnamese educational institutions provide blockchain courses, and only eight blockchain infrastructure projects are present within the Southeast Asian country. Vietnamese crypto users value the self-custodial nature of DEXs alongside the liquidity on centralized exchanges. Source: Kyros 


Nearly 90% of survey respondents engaged in DeFi activities, compared with 70.2% for GameFi, 73.7% for nonfungible tokens, 91% for centralized finance and 54.9% for SocialFi. Participants remain equally distributed between their preference for centralized exchanges compared to decentralized exchanges. Researchers summarized:“The local tech development and trends also change rapidly in line with the global climate. Indeed, you might recognize there were over a hundred GameFi projects in Vietnam before, and now it is time for the "Web3 builder’ wave, especially since GM Vietnam [Vietnam Blockchain Week] 2023."


Magazine: How to protect your crypto in a volatile market: Bitcoin OGs and experts weigh in# Blockchain# Cryptocurrencies# Business# Vietnam# SurveyAdd reactionAdd reactionRead moreWho invented NFTs?: A brief history of nonfungible tokensHow to host an event in the metaverseHow blockchain tech and dMRV can help carbon trading markets

News Feed

Opensea Drops Fees to Zero and Announces New Creator Earnings Model in Response to Shifting NFT Landscape
Opensea Drops Fees to Zero and Announces New Creator Earnings Model in Response to Shifting NFT Landscape The largest marketplace for non-fungible tokens (NFTs), Opensea, has annou
Jesse Coghlan3 hours agoAustralia’s Bendigo Bank blocks high-risk payments to crypto exchangesChainalysis policy lead Chengyi Ong warned crypto users may eventually have no choice but to deal with offshore unregulated
Ethereum vs Tron: Comparing Data, Defi and Stablecoins from Both Chains After Viral Tweet
Ethereum vs Tron: Comparing Data, Defi and Stablecoins from Both Chains After Viral Tweet On February 7, Cold Card and Opendime creator, Rodolfo Novak (also known as NVK), tweete
Israeli fintech Kima, Mastercard lab look to develop ‘DeFi credit card’
Derek Andersen6 hours agoIsraeli fintech Kima, Mastercard lab look to develop ‘DeFi credit card’Kima is seeking to bridge traditional and Web3 finance and make the user experience more manageable.5682 Total views2 To
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate After Monday’s Surge
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate After Monday’s Surge Crypto markets marginally consolidated on Tuesday, following yesterday’s price surge which
Cointelegraph Research9 hours agoThe new Cointelegraph Research Terminal: Home to critical crypto data reportsCointelegraph’s new Research Terminal offers a slick new look and more features to help retail and instituti
‘Metaverse’ Term Creator Neal Stephenson Not Bullish About Massive Adoption of Virtual Worlds
"Metaverse" Term Creator Neal Stephenson Not Bullish About Massive Adoption of Virtual Worlds Neal Stephenson, ostensibly the first to coin the term “metaverse,” issued
Crypto Pays Off: Robinhood Posts 165% Revenue Growth In Q3 Earnings Report
Este artículo también está disponible en español. Robinhood, a popular American financial services company, is finally out of the woods. In its third-quarter filing endin
We Are All Satoshi: Statue of Bitcoin Creator Satoshi Nakamoto Unveiled in Hungary
We Are All Satoshi: Statue of Bitcoin Creator Satoshi Nakamoto Unveiled in Hungary A statue of Satoshi Nakamoto, the pseudonymous creator of Bitcoin, has been unveiled in Budapest,
Foundry Digital Launches Logistics Arm to Advance Standards in the Cryptocurrency Mining Industry
Foundry Digital Launches Logistics Arm to Advance Standards in the Cryptocurrency Mining Industry On Thursday, Foundry Digital LLC, the mining company and subsidiary of Digital Cur
G7 Finance Ministers and Bankers Adopt Guidelines for Central Bank Digital Currencies
G7 Finance Ministers and Bankers Adopt Guidelines for Central Bank Digital Currencies Any digital currency issued by a central bank must support financial and monetary stability, f
CoinFLEX Announces Its Major Milestones of 2021
CoinFLEX Announces Its Major Milestones of 2021 press release PRESS RELEASE. Since early August, CoinFLEX has seen a tremendous increase in trading activity, climbing to a staggerin