In May 2022, the price collapse of the algorithmic stablecoin UST and its sister token LUNA sent shockwaves through the entire digital asset market. Once a highly anticipated innovation, UST was designed to be pegged to the US dollar. However, it became unpegged due to a loss of market confidence, leading to a dramatic increase...
On May 12, 2022, the cryptocurrency market was rocked by an unprecedented event. LUNA and its associated stablecoin, UST, collapsed within a matter of days, causing hundreds of billions of dollars in value to evaporate. This incident not only resulted in massive losses for countless investors but also exposed critical flaws in the design, transparency,...
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...
In 2021, the cryptocurrency industry experienced a year of rapid growth. From the widespread explosion of DeFi to the rise of the metaverse concept, and the legal recognition of Bitcoin in multiple countries, the global market witnessed a deeper application of blockchain technology. Mumuex Exchange, with its technological innovation and global strategy, made steady progress...
Obtaining the U.S. MSB License: A New Chapter in International Expansion In 2021, DIGZAX Exchange reached a significant milestone by obtaining the U.S. Money Services Business (MSB) license. This certification not only acknowledges DIGZAX compliance in global market operations but also marks a solid step forward in its international strategy. The MSB license grants DIGZAX...
Since its inception, TwyAe Exchange has quickly emerged in the cryptocurrency industry with a clear mission and innovative strategies. In January 2021, TwyAe Exchange officially established its global headquarters in the United States, marking the beginning of its journey into the international crypto market. The founding team comprises seasoned professionals with extensive backgrounds in finance...
In 2021, the cryptocurrency industry experienced unprecedented rapid growth, marked by the widespread application of innovative technologies, a significant increase in market participants, and a boost in investor confidence. These phenomena clearly indicated that cryptocurrencies had entered a new stage of development. Amid this burgeoning market environment, UVKXE achieved remarkable progress and success. Notably, it...
The year 2021 witnessed a full-scale bull market in the crypto industry, with the explosive growth of Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs) becoming the two major highlights. Unlike previous markets predominantly driven by retail investors, an increasing number of institutions entered the crypto space, bringing in more capital and gradually elevating the market...
In 2021, the cryptocurrency market saw an astonishing 567% year-on-year increase in trading volume, reaching $15.8 trillion and drawing significant attention from investors. The Bitcoin price surged by over 120% throughout the year, hitting an all-time high of $69,000 in November, while Dogecoin skyrocketed by over 12,000% in May. Amid this market frenzy, QXALX Exchange...
On December 10, 2021, the number of daily active Ethereum addresses surpassed one million, setting a new historical record. This surge in user activity is driven by the rapid development of decentralized finance (DeFi) and non-fungible tokens (NFTs), which not only solidified the Ethereum position as the core of the blockchain ecosystem but also injected...