A recent survey by Binance indicates a strong bullish sentiment among European investors despite recent volatility in the nascent industry.
The cryptocurrency market has recently witnessed a significant correction, following the lead of bitcoin (btc) and increased selling pressure since January 12. However, the market has shown signs of stability and recovery as the month draws to a close.
European adoption of cryptocurrencies
He survey in France, Italy, Spain and Sweden provides valuable insights into the European perspective on cryptocurrencies.
Notably, 73% of European residents expressed optimism about the future of crypto assets. Among respondents, 55% interact exclusively with digital assets, while 24% stated that more than half of their trading activities involve cryptocurrencies.
The survey also shed light on the main drivers of widespread cryptocurrency adoption in Europe. According to the respondents, high yields were cited by 20%, decentralization by 18% and innovation by 17% as the key factors driving their interest in digital assets.
The survey also revealed that many European participants actively use cryptocurrencies for their daily purchases. About 55% of respondents reported that they use digital assets on a daily basis. proceedingsand 10% make weekly crypto purchases.
This highlights a gradual shift towards greater acceptance and adoption of cryptocurrencies as a means of payment.
Binance Chief Marketing Officer (CMO) Rachel Conlan attributed Europe's secure and harmonized regulatory framework as a crucial catalyst for the widespread adoption of digital assets.
Clear and consistent regulations provide a sense of security for both investors and businesses, facilitating the growth and acceptance of cryptocurrencies in the region.
Binance funding controversy
SkyArk Chronicles gaming platform recently Announced the completion of a $15 million funding round, with Binance Labs leading the investment. However, the post on social network X (formerly Twitter) making the claim has been deleted and Binance has refuted its participation in the funding round.
According According to Binance, it had only incubated and invested in the project until incubation season 3 in 2021 and did not participate in the project's latest funding round. The company stated:
SkyArk Chronicles is a project incubated and invested in by Binance Labs in 2021 until incubation season 3; Note that Binance Labs did not participate in the project's latest funding round this year. Thank you all for your attention.
On January 26, SkyArk Chronicles launched a Genesis non-fungible token (nft) sale, which generated significant interest and raised over 50,000 ethereum (eth).
However, according to recent reports, users expressed anger and disappointment following conflicting information about funding on the project's Discord channel. Some users even demanded refunds due to false funding claims made by the project.
Conflicting statements regarding the funding of SkyArk Chronicles have raised concerns among investors and users. The removal of the post and Binance's denial have raised questions about the credibility and transparency of the project.
Investors, who may have made decisions based on the initial financing announcement, they now question the legitimacy of the project and seek clarification.
As user frustration grew, the project team came under pressure to address the situation. It remains to be seen how the team will respond to refund requests and provide clarity on the funding discrepancy.
Featured image from Shutterstock, chart from TradingView.com
