BitMart, a centralized crypto exchange, announced an immediate wind-down of its platform, suspending new registrations and deposits from July 26, with full trading ceasing by August 26 and complete closure by January 31, 2027. Its native token BMX dropped over 55% in 24 hours, reflecting the token's loss of utility tied to the exchange's operations. The shutdown was attributed to operating conditions and strategic decisions, with no mention of hacks or insolvency. Users have one month to withdraw assets, but concerns remain about the withdrawal process amid the crypto industry's history of exchange closures.
Zcash (ZEC) has surged 2,389% over the past year, reaching prices above $1,200 for the first time since 2016. This sharp rally has put significant pressure on major short sellers, including a trader holding a $47 million short position that faces liq...
Cardano is preparing for a major upgrade called Dijkstra, set to roll out in two phases by early 2027. The first phase, targeting a Mainnet launch by the end of 2026, will introduce Nested Transactions and Linear Leios. The second phase, planned for ...
AI is rapidly becoming part of everyday business operations, with nearly half of firms expected to use AI soon, driving a surge in demand for data center power and infrastructure. Companies like NVIDIA, Broadcom, Arista Networks, Vertiv Holdings, and...
Crypto markets are adjusting to a stronger-than-expected US labor report showing 162,000 new jobs in August and steady unemployment at 4.1%. This boosted expectations that the Federal Reserve might cut interest rates in mid-September, causing market ...
Bitcoin's price stabilized around $79,600 to $80,100 after a recent surge, supported by strong institutional demand with spot Bitcoin ETFs attracting up to $987 million in weekly inflows. Corporate Bitcoin purchases continued despite market volatilit...
