According to the Crypto Exchange Graveyard, at least 75 have been buried so far in 2020.
Disappearing from the crypto map
Without a doubt, 2020 has been a very particular and difficult year for everyone, even for the cryptocurrency sector and Blockchain technology.
So, apparently around 75 crypto exchanges have been buried for whatever reason in 2020.
So far this year there have been multiple hacks, scams and, at the same time, regulatory pressures have increased. Therefore, all this has created an environment where many crypto exchanges have had to close their doors.
While others like BitMEX have a future that has been clouded by regulatory requirements.
KuCoin enables crypto deposits and Bitcoin withdrawals
After a few days quite complicated, the crypto exchange KuCoin resumed its Bitcoin, Ethereum and Tether deposit and withdrawal services; as well as for other tokens.
Recall that services linked to said cryptocurrencies were suspended as a result of the attack in which $ 280 million was lost.
Murda Beatz bets on the leading crypto
Murda Beatz, the producer known for her collaborations with Nicki Minaj, Travis Scott, and Drake, has acquired an undisclosed amount of Bitcoin.
The news was communicated through Twitter by Murda Beatz mentioning Jermane Prime and Morgan Creek Digital co-founder Anthony Pompliano, a crypto advocate.
BMW launches Blockchain-based solution
According to a local report, BMW Korea will soon launch a rewards program based on Blockchain technology.
In this way, the program called “BMW Vantage” will allow your customers to accumulate points and use them to pay for products or obtain discounts.
Fix in DeFi
We thought they were invincible crypto but, after a while, the DeFi sector has seen a major correction.
In fact, in the last week the top 10 tokens in DeFi have seen losses on average of 23%. As we reported yesterday, Yearn Finance (YFI) is one of the currently worst performers for the past 7 days.
Ripple leaving the United States?
As China advances with its digital currency and Blockchain technology, the United States is lagging behind. Now Chris Larsen, CEO of Ripple Labs, has indicated that it is likely that Ripple could leave the United States.
The reason: Lack of an appropriate crypto regulation for the development of the sector.
In a few lines …
- South Korea plans to distribute its central bank digital currency (CBDC) next year.
- Chamath Palihapitiya advises investing in Bitcoin but not be mortified by its price.
- Scott Melker, crypto analyst, pointed that you should spend in dollars and save in the leading crypto, Bitcoin.