Bybit’s recent announcement to shutter its NFT Marketplace, Inscription Marketplace, and Initial DEX Offering (IDO) product pages isn’t merely a corporate realignment—it’s a glaring signal of profound instability within the entire NFT sector. Fluctuating enthusiasm for digital collectibles has led to a catastrophic 95% drop in trading volumes since the market peak in 2021. This
Exchanges
In a surprising turn of events, former President Donald Trump has pardoned the co-founders of the controversial crypto exchange BitMEX—an act that reopens an ongoing debate about the regulatory environment surrounding cryptocurrencies. Arthur Hayes, Benjamin Delo, and Samuel Reed were initially prosecuted under the Bank Secrecy Act after admitting to violating U.S. anti-money laundering regulations.
Centralized exchanges (CEXs) like Binance and Coinbase have shaped the cryptocurrency landscape for years. With Binance leading the way, amassing a daily trading volume of approximately $17 billion, the CEX model has established a monopoly in the market. The allure of user-friendly interfaces, instant liquidity, and robust customer support has kept millions of users tethered
Reports reveal that Kraken, the cryptocurrency exchange titan, is ambitiously pursuing a debt raise of up to $1 billion, stirring both excitement and skepticism in the financial landscape. As the digital currency market becomes increasingly competitive and scrutinized, this strategic move is seen less as a necessary maneuver for survival and more as an audacious
In an era where digital assets are becoming ever more prevalent, one question looms critically overhead: How secure are these assets? For every success story in cryptocurrency, there lurks a shadow of failure; it is an indelible reality of the blockchain ecosystem. Daring innovations in decentralized finance (DeFi) are marred by frequent hacks and security
The cryptocurrency universe is vast and constantly evolving, but few projects have caught my attention like APENFT (NFT). Launched in 2021, it has rapidly become a robust player in the NFT segment, leveraging the TRON blockchain’s efficiency to bring high-quality digital artwork to the forefront. With Kraken’s recent announcement of APENFT’s listing on March 20,
The financial landscape is diversifying at lightning speed, and a few pioneers are at the helm of this revolution. Among them is TRON DAO, a blockchain initiative committed to the decentralization of the internet. By leveraging advanced blockchain technology, TRON is striving to reshape how users interact with digital assets. Their recent partnership with pump.fun
Crypto.com has emerged as a formidable player in the cryptocurrency exchange sector, boasting a staggering $1.5 billion in revenue for 2024. This remarkable achievement is not merely a product of chance; it reflects robust trading activities powered by a burgeoning user base of 140 million. What is intriguing, however, is the company’s strategic approach to
In a surprising twist, the Cronos community recently voted to reinstate 70 billion CRO tokens that had been burned back in 2021. The proposal, which passed with 62.18% of the votes, is a stark illustration of how quickly the tides can turn in the crypto world. Initially, many community members voiced stern opposition, with a
The recent decision by OKX to temporarily halt its Web3 DEX aggregator is not just a mere operational pause; it is a stark reflection of the fragile state of security within the cryptocurrency ecosystem. This bold step, taken on March 17, stemmed from rising concerns over the misuse of its platform, particularly regarding allegations linking