💪 Surviving the Crypto Winter: Indian Crypto Exchanges Defy Odds

Yeah yeah, We know it’s a bear market. But hold on, crypto never sleeps. Does it?

🔥 What's hot today 🔥

🚀 USDT Soars as USDC Stumbles Amid Economic Uncertainty

🗳️ 84% Voters Demand Crypto-Endorsement from US Presidential Candidates

💪 Surviving the Crypto Winter: Indian Crypto Exchanges Defy Odds

 📝 Insuring crypto users and platforms isn’t that easy

📚 Market analysis of the day

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🚀 USDT Soars as USDC Stumbles Amid Economic Uncertainty

Over the past year, the crypto space has seen significant shifts in the market dominance of dollar-pegged stablecoins. Tether’s USDT is leading the pack , boasting a market dominance of 65.89%, up from 47.04% a year ago, and a market cap of $83.1B. On the flip side, Circle’s USD Coin (USDC) has experienced a downward trend, with its market share dwindling from 34.88% to 23.05% 📉. The shrinking market cap of USDC has been attributed to the US regulators' crypto crackdown. Amid economic instability, Tether pulled over $4.5B from banks in Q1 2023, and USDT now reports 85% backing by cash, cash equivalents, and short-term deposits.

🗳️ 84% Voters Demand Crypto-Endorsement from US Presidential Candidates

As we approach the 2024 US Presidential election, the crypto conversation is heating up! A recent poll commissioned by MicroStrategy's chairman Michael Saylor indicates that a whopping 84% of voters demand presidential candidates to support their right to Bitcoin. Presidential hopefuls like Florida's Governor Ron DeSantis and Democrat Robert F. Kennedy are showing their Bitcoin-friendly side, advocating against stifling regulations and championing the right to hold BTC.

💪 Surviving the Crypto Winter: Indian Crypto Exchanges Defy Odds

Indian crypto firms like CoinDCX, CoinSwitch, and WazirX are innovating survival strategies amidst a bear market and tough regulations. They're cutting costs, diversifying, and betting on future market cycles to withstand the current financial headwinds. Optimism remains as they look forward to the next crypto bull run.

 📝 Insuring crypto users and platforms isn’t that easy

Crypto insurance seems like a minefield, with insurance providers assessing over 2000 variables across 20 risk areas before even considering coverage. Last year, a staggering $3.9 billion was stolen from crypto companies, DeFi platforms, and users, marking a 22% rise from the previous year. Experts from Evertas, a leading crypto insurance firm, say the process involves a meticulous risk assessment of key management, storage options, and business, technology, and operational variables. Interestingly, individual crypto holders, particularly those not using an exchange, often struggle to find insurance coverage.

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💡 What is NFT royalty?

Nonfungible Tokens (NFTs) have opened up a new avenue of income for creators through royalties. Royalty payments act as a form of passive income, paid to creators with each transaction involving their NFT - be it art, music, or game utilities. This means, even after the initial sale, creators continue to reap financial rewards from their work with every subsequent purchase, adding a layer of financial security for creators in the digital world. Here’s a detailed tour on how NFT royalty works.