WeChat Plans To Take Stricter Actions On NFTs
There seems to be a crackdown looming for the NFT as WeChat, China’s most popular messaging service announced new rules to improve the supervision of non-fungible tokens. According to sources, the platform has disabled NFT-related public accounts to comply with new regulations. WeChat blocks several NFT-related accounts WeChat, which has over 1.1 billion daily users, […]
Synthetix (SNX) Price Increases By 100%
The price increase has enabled Synthetix (SNX) to clear the deficit caused by the crypto crash, as its trading volume increases by 1200%. SNX, the native token of Synthetix Network, has been the day’s largest gainer. In the previous 24 hours, the price of the Synthetix token has increased by a stunning 100 percent. This […]
Bybit Plans To Cut Jobs Amid Crypto Crash – Report Reveals
According to reports on Monday, Bybit is the latest crypto exchange to consider layoffs amid a catastrophic crypto crisis. Bybit CEO Ben Zhou has informed his staff in an internal memo that the exchange was considering layoffs beginning this week. Colin Wu , a crypto writer, broke the news, citing various inside sources. Bybit is […]
USDD Drops To A New Low, Depeg Deepens
The market cap of USDD has significantly dropped in the last week but Tron DAO has bolster its reserve since the USDD depeg. The Tron ecosystem took a significant hit last week when the USDD stablecoin lost its $1 peg. Traders were concerned since USDD was created last month as a competitor to Terra’s UST, […]
Bitcoin Long-Term Holders Are Giving Up – Data Shows
The sharp fall in the price of Bitcoin (BTC) has reportedly initiated a major liquidation of the asset in the last three days. Bitcoin, the world’s largest cryptocurrency, had yet another carnage this weekend, with the BTC price falling below $18,000 for the first time. There have been significant liquidations, with long-term Bitcoin holders throwing […]