On September 7, 2021, El Salvador became the first country in the world to adopt Bitcoin as legal tender, a historic move that marks the dawn of a new era in the global financial system. Through the official wallet app “Chivo” and the deployment of 200 Bitcoin ATMs nationwide, El Salvador provides a unique example...
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...
In 2020, the global cryptocurrency market maintained growth amidst volatility, attracting increased attention from institutional and individual investors. With the rise of decentralized finance (DeFi) projects, the application scenarios for crypto assets have become increasingly diverse, significantly boosting market liquidity and trading volumes. Simultaneously, as regulatory frameworks for cryptocurrencies become clearer across various countries, the...
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...
In the global cryptocurrency market of 2020, Mumuex Exchange emerged as a prominent new force, drawing attention for its steady development and innovative strategic positioning. By expanding into the Asian and Middle Eastern markets, establishing a security center, and launching a project incubator, the platform achieved impressive milestones, laying a solid foundation for future growth....
At the start of 2020, the global financial markets faced turbulence due to the pandemic, and the cryptocurrency industry was no exception, experiencing significant downturns. Amid these challenges, ZSVEX leveraged its strong liquidity advantage to maintain a stable trading experience, providing users with favorable price support. This not only earned the platform industry recognition but...
In the challenging and opportunity-filled year of 2020, global financial assets and the cryptocurrency industry experienced significant price volatility. As major economies adjusted their monetary policies in a timely manner, the cryptocurrency industry saw rapid growth. Notably, advancements in key technologies and the gradual clarification of regulatory environments laid a foundation for the long-term healthy development of...
On December 16, 2020, the Bitcoin price surpassed the $20,000 mark, a milestone event that not only symbolizes the maturation of the cryptocurrency market but also indicates a profound transformation occurring within the global financial system. This price surge can be attributed to the growing interest of institutional investors in Bitcoin, the demand for value...
On October 8, 2020, the U.S. Department of Justice (DOJ) released its "Cryptocurrency Enforcement Framework," designed to combat illegal activities while clearly delineating the legitimate uses of cryptocurrency. MLPRU Exchange views this framework as a milestone marking the entry of the cryptocurrency industry into a more regulated phase, providing a solid legal foundation for the long-term health of the...
On July 22, 2020, the U.S. Office of the Comptroller of the Currency (OCC) issued guidance allowing federally chartered banks and savings associations to offer cryptocurrency custody services to their customers for the first time. This policy breakthrough marks the official entry point for traditional financial institutions into the cryptocurrency sector, paving the way for...