BingX and Our Focus On Safety
Security and trust are paramount in cryptocurrency exchanges, as millions rely on these platforms daily. BingX prioritizes these principles to reassure users. As a thought leader, I emphasize the importance of standard security operations to foster industry growth. According to Security.org’s 2024 Cryptocurrency Adoption and Sentiment Report, 63% of crypto owners plan to acquire more cryptocurrency, despite security concerns.
BingX employs comprehensive methods to ensure safety and reliability, protecting against threats like ransomware, identity fraud, and phishing. We prioritize audits and certifications, engaging reputable third parties like CertiK and running bug bounty programs to verify our security protocols and compliance.
We maintain transparency with proof of reserves using Merkle Tree Verification, allowing users to verify asset safety in real time. BingX commits to user education, offering 24/7 customer support and a detailed help center on security practices.
Your trust is crucial. Through continuous efforts and programs, BingX remains dedicated to building trust and ensuring top-notch security, instilling confidence in our protocol security, financial stability, and compliance.
Crypto Price Analysis After CPI Data
The crypto markets remain mostly unchanged as the market faced a U.S. Consumer Price Index meeting last week. The CPI data, which was unchanged from last month, typically has global implications on crypto asset prices. The CPI year-on-year figure of 3.3% showed a slowdown from the previous pace of 3.4% — both 0.1% lower than forecast. Following the release of this information, Bitcoin jumped to over $69,400 before falling to the $67,000 range, where it found stability.
This activity has traders wondering why Bitcoin is stuck, dropping below $70,000 to the $66,000 range. The asset is still predicted to be in a rising trend in the medium to long term; resistance is held at $71,000, so if that breaks, then positive trends are forecasted to follow.
The modest decrease in US inflation allowed Ethereum to gain momentum into the $3,600 range from the mid $3,400 mark reported prior. IntoTheBlock reported that ETH transactions surged, and over $13 billion in transactions were completed within 48 hours of the CPI data report. This kind of data suggests that traders are optimistic and potentially buying ahead of a breakout. Resistance lies around $3,660 for ETH, so it will be important to break that level to maintain an upward trajectory.
Lastly, the altcoin markets remain generally healthy, especially when analyzing the past six months. Many traders ignore them since they don’t fit many peoples’ investment thesis or risk tolerance levels; those that do participate in this volatile space are experiencing a surge in transactions on a year’s timeline.
About Me
I’m very excited to share my interview with Cointelegraph. From social trading to comprehensive educational resources, BingX aims to make crypto trading accessible and secure for everyone. Read more about that here.
Check out the exclusive Coingape interview and gain insights into the strategic partnerships driving BingX’s growth and impact in the crypto space.
Check out my commentary on the impacts of the Bitcoin halving with Coinpost here.
Interview with Yurufuwa at TOKEN2049.
I had a fantastic chat with WU Blockchain about BRC20, BingX’s strategy in 2024, and my professional background. Check out the article linked here!
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article. Not financial advice.
