It's a no-brainer that Bitcoin has gained a massive impression from institutional investors including the likes of Twitter CEO Jack Dorsey the pioneer of the Bitcoin Decentralised Exchange, labelled as 'TbDEX' protocol. A recent report from the supergiant Decentralised finance company "Square" was discovered to have released a whitepaper, For the preannounced Square TBD division that have been mentioned by the CEO of the microblogging site in August. And in less than five months the manifestation of the Bitcoin Decentralised Exchange whitepaper TbDEX has been brought to the limelight.
Bitcoin price hit a new all-time high of $67,000 on Oct. 20, The new high was slightly above the $64,895 high that was created in April 2021. But, the price turned for worse as the market deepened back to the $60,000 support. The bulls found it hard to hold the price at the new all-time high, and this raised concern about the market strength.
The tether (USDT) that was frozen by its issuer Tether during the recent Poly Network hack have been returned to their rightful owners, Tether announced. However, this has raised concerns that this particular part of the cryptocurrency space is not as decentralized as it claims to be.