Finance Chief Claims Pinoys Have Invested โฑ6 Trillion Into Crypto
Sec. Recto’s โฑ6 trillion crypto investment data clashes with third-party data showing shrinking inflows.
Sec. Recto’s โฑ6 trillion crypto investment data clashes with third-party data showing shrinking inflows.
Trump family has invested more in Ethereum as of late, while CZ makes a return to Binance. More in today’s “Crypto News You May Have Missed This Week”.
The Philippines’ declining rank indicates that while crypto adoption remains robust, the country’s growth has slowed compared to other nations in the region.
Join us in a conversation with Ismael Jerusalem, the CEO of Ownly, as we explore how PH can reclaim its standing in the global crypto community.
With the bear market still ongoing and the collapse of crypto firm FTX in November last year, cryptocurrency adoption in the Philippines has significantly declined over the past year.
Blockchain data platform Chainalysis recently released its report that shows that the Philippines is the second-best performer in terms crypto adoption out of 20 countries.
According to the Chainalysis report, the increase coincides with an increase in hacks into the protocols for DeFi.
93% of the funds in criminalsโ crypto wallets were made up of stolen coins worth $9.8 billion.