Asia Leads Global Crypto Adoption Index as Bitget Reports $351M Hack
(7 days ago) · 1 source · Summarized by CryptoBipto
Asian countries have taken top positions in a global crypto adoption index, according to a report. Separately, cryptocurrency exchange Bitget reportedly suffered a $351 million hack.
WHY IT MATTERS
This story touches on two important topics for anyone learning about crypto. First, a crypto adoption index is like a scorecard that measures how much people in different countries are actually using cryptocurrency in their daily lives — not just trading it, but also sending money, making payments, and more. Asia ranking highly suggests that millions of people in that region are actively using digital currencies. Second, the reported hack of Bitget is a reminder of a key risk in crypto: when you store your coins on a centralized exchange (a company that holds your funds for you, similar to a bank), those funds can potentially be stolen by hackers. This is why many in the crypto community emphasize the phrase 'not your keys, not your coins,' meaning that if you do not personally control the private keys to your cryptocurrency, you are trusting someone else to keep it safe.
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- cointelegraph.com
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