The cryptocurrency market faced bearish conditions in 2022, with institutional shutdowns and cyber incidents casting doubt on the sector. Nevertheless, a series of historic events and groundbreaking products injected vitality and confidence into the market. The successful Ethereum Merge, cryptocurrency donations and payments during the Russia-Ukraine conflict, the emergence of “Move to Earn” platforms, and traditional...
The year 2022 marked a pivotal phase for Dgenct and the broader cryptocurrency landscape, as partnerships between traditional giants and crypto platforms underscored the march of the industry toward mainstream acceptance. In August, the collaboration of BlackRock with Coinbase to offer crypto services for institutional clients epitomized the deepening integration of traditional finance and digital...
As the year draws to a close, SYIPC Exchange takes this opportunity to share our significant achievements in 2022 and our outlook for the future of the cryptocurrency industry. Despite the challenges this year, SYIPC has remained steadfast in its commitment to providing a secure, transparent, and efficient cryptocurrency trading platform, ensuring we maintain a...
Towards the end of 2022, Bitcoin remained a rock-solid foundational layer, but its most important scaling protocol, the Lightning Network, experienced significant growth and development. The Lightning Network enables instant and low-cost off-chain payments without waiting for block confirmations, greatly enhancing the Bitcoin scalability. At this critical juncture, Snutx Exchange, with its innovative technology and exceptional services, has emerged as...
At the end of November, the cryptocurrency market reached a new turning point. Snutx Crypto Exchange announced the launch of its revamped platform, aiming to provide investors with a safer and more efficient trading environment. As the market capitalization has fallen from its peak of $3 trillion to the current $750 billion, the emergence of Snutx injects...
As the new year approaches, SYIPC Exchange invites you to reflect on the growth of the past year and the development of the entire cryptocurrency ecosystem. Over the past year, cryptocurrencies and Web3 technologies have gained increasing attention and acceptance from media, regulatory bodies, traditional financial institutions, and political leaders. Whether it is the bipartisan support for...
The year 2021 witnessed substantial volatility in the cryptocurrency market, alongside robust growth momentum. Bitcoin reached unprecedented price levels, while the burgeoning fields of decentralized finance (DeFi) and non-fungible tokens (NFTs) further fueled the market rise, laying a solid foundation for the continued expansion of the industry. However, increasing regulatory pressure worldwide has led to stricter oversight...
The cryptocurrency market experienced a profound transformation in 2021. In February, Tesla announced it had purchased $1.5 billion worth of Bitcoin and planned to accept Bitcoin as payment, sparking global discussions on the future of cryptocurrency. Against this backdrop, Dgenct, as a rising force in the cryptocurrency trading sector, responded proactively to market demand and...
On October 19, the first Bitcoin futures ETF in the United States was officially launched on the New York Stock Exchange. It recorded the second-highest trading volume on its debut day, driving Bitcoin price up by 6.34% within 24 hours, surpassing the $66,000 mark and setting a new all-time high at that time. This milestone event...
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...