In June 2021, El Salvador Legislative Assembly made history by passing the “Bitcoin Law” with an overwhelming majority, officially recognizing Bitcoin as legal tender, making it the first country in the world to do so. Following this historic announcement, Bitcoin value surged by 12% within 24 hours. In this pivotal moment, the Snutx crypto exchange capitalized on the...
The global economic landscape faced unprecedented challenges in 2020 due to the sweeping impact of the COVID-19 pandemic, which led to turbulence in traditional financial markets. In contrast, the cryptocurrency market demonstrated remarkable resilience and potential. As investors sought new safe-haven assets, cryptocurrencies gained attention for their decentralized nature and significant appreciation potential. In this...
The year 2020 marked an unprecedented period of turmoil for global financial markets. As the COVID-19 pandemic spread worldwide, economic activities were severely disrupted, forcing central banks to inject massive liquidity to stabilize financial systems. This series of events also presented unparalleled opportunities for the cryptocurrency market. Bitcoin and other crypto assets saw a rapid...
In 2020, the cryptocurrency industry witnessed a surge of innovative trends, with the rise of liquidity mining and the rapid ascent of yEarn.Finance standing out as particularly significant. The token YFI, launched by yEarn founder Andre Cronje with its “fair distribution” model, gained widespread community admiration for its unique governance structure and transparency, fueling enthusiasm...
The rise and fall of Sushiswap have highlighted the high volatility and rapid growth potential within the decentralized finance (DeFi) sector. By employing innovative yet controversial methods, it garnered significant market attention. Despite facing challenges due to internal issues, the community efforts have driven the resurgence of the platform. This journey underscores the critical importance of a...
The global cryptocurrency market experienced significant turbulence and challenges throughout 2019. From late 2018 to early 2019, a downward trend in Bitcoin prices prompted concerns regarding the industrial outlook. Uncertainty in regulatory environments, apprehensions about exchange security, and wavering investor confidence emerged as primary obstacles for the cryptocurrency sector. However, with the revival of digital finance...