Owotunse Adebayo

Author
Owotunse Adebayo

Owotunse Adebayo

Author

Adebayo is a writer with four years of experience in the crypto space. He graduated from the University of Lagos where he studied Urban and Regional planning. Adebayo has worked at Tokenhell and CryptoTicker, writing cryptocurrency and Fintech news. He is currently a news contributor with Cryptopolitan.

Author’s Articles

  • Indian police issue warnings over wedding invitation phishing links

    Indian police issue warnings over wedding invitation phishing links
    November 29, 2025 Tech
  • British widow loses over $600k to AI-generated scam

    British widow loses over $600k to AI-generated scam
    November 29, 2025 Tech
  • Meta accused of letting sellers use AI adverts on its platforms without disclosure

    Meta accused of letting sellers use AI adverts on its platforms without disclosure
    November 29, 2025 Tech
  • Google set to commit $2 million to boost AI skills, digital safety in Nigeria

    Google set to commit $2 million to boost AI skills, digital safety in Nigeria
    November 29, 2025 Tech
  • FBI issues warning to the public about growing financial scam.

    FBI issues warning to the public about growing financial scam
    November 29, 2025 News
  • Scammers trick elderly victim, steal $22,000 in Amazon fraud.

    Scammers trick elderly victim, steal $22,000 in Amazon fraud
    November 29, 2025 News
  • Florida authorities reveal $317,000 theft in crypto scam.

    Florida authorities reveal $317,000 theft in crypto scam
    November 29, 2025 News
  • Scammers using Dan Bongino's videos to promote fake tokens on Telegram

    Scammers using Dan Bongino’s videos to promote fake tokens on Telegram
    November 23, 2025 News
  • New Zealand to include digital currency in 2026 financial education program

    New Zealand to include digital currency in 2026 financial education program
    November 23, 2025 News
  • Artificial intelligence must be human-centered, AI ethics experts reveal

    Artificial intelligence must be human-centered, AI ethics experts reveal
    November 23, 2025 Tech
  • Delhi police arrest 42 suspects in cybercrime crackdown.

    Delhi police arrest 42 suspects in cybercrime crackdown
    November 23, 2025 News
  • Indian investor loses $188K to fake stock market advisors.

    Indian investor loses $188K to fake stock market advisors
    November 23, 2025 News
  • Iran reiterates resolve on digital development despite war and sanctions

    Iran reiterates resolve on digital development despite war and sanctions
    November 22, 2025 Economy
  • North Korean hackers now target job applicants in new scheme

    North Korean hackers now target job applicants in new scheme
    November 22, 2025 News
  • United States Secret Service warns residents about criminals' new techniques

    United States Secret Service warns residents about criminals’ new techniques
    November 22, 2025 News
  • Hong Kong man sentenced to prison for role in attack to steal crypto

    Hong Kong man sentenced to prison for role in attack to steal crypto
    November 22, 2025 News
  • Former LAPD officer staged raid to steal $350,000 in crypto from teenager, prosecutor alleges.

    Former LAPD officer staged raid to steal $350,000 in crypto from teenager, prosecutor alleges
    November 22, 2025 News
  • Pakistan loses $600 million to illegal crypto transactions.

    Pakistan loses $600 million to illegal crypto transactions
    November 22, 2025 News
  • Meta downplayed risks to children and misled the public, court filings allege.

    Meta downplayed risks to children and misled the public, court filings allege
    November 22, 2025 Tech
  • South Korean exchanges are facing mounting earnings pressure as a sharp market decline has stalled trading volumes. In a statement shared by industry officials on Sunday, the slump marks a stark reversal of fortunes from the third quarter, where soaring crypto prices triggered record profits. According to disclosures filed with the Financial Supervisory Services, Dunamu, operator of Upbit, posted 235.3 billion won ($161.7 million) in operating profits. The figure represents an increase of 180% from a year earlier. The firm’s revenue jumped by 104% to 385.9 billion won, while net income quadrupled to 239 billion won. Bithumb also experienced a surge, seeing its operating profits rise eightfold to 70.1 billion won. Revenue increased by 184% to 196 billion won, while net income hit 105.4 billion won, representing a 34-fold rise. Korean exchanges face earnings pressure According to reports, both Upbit and Bithumb attributed their strong quarter to the rebound in the prices of digital assets and a rise in trading activity. Market sentiment also appeared to improve on signs of United States legislative progress, including the approval of the Guiding and Establishing National Innovation for United States Stablecoins Act, also known as the GENIUS Act. In addition, the sentiment was also lifted by Ethereum’s rally and the growing expectation of a US Federal Reserve interest rate cut. However, momentum has since stalled. Bitcoin slid below $95,000 on Saturday, its lowest level in the past six months and 25% off its October 6 peak of $126,210. The market has now moved to an extreme fear territory, according to market tracker CoinMarketCap. A few of the headwinds escalating things include the persistent trade tensions between the United States and China, fading hopes for the Fed’s rate cut next month, and a $100 million Ethereum hacking incident that is affecting investor confidence. Some traders are presently questioning whether a new crypto winter is beginning, as a result of the drying trading activity. Exchanges remain at the mercy of volatility According to CoinGecko, the combined daily average trading volume on Upbit and Bithumb stood around $1.88 billion from November 1 through Friday, the lowest level so far since the beginning of this year. The figure peaked at $7.8 billion in January, bottomed out at $2.2 billion in June, and has since been hovering between the $3 billion and $4 billion mark. These developments are expected to deliver a significant blow to the operations of domestic cryptocurrency exchanges. Trading fees make up most of their revenue, 98.2% for Dunamu and 98.3% for Bithumb. In response to the shortfall, these exchanges have been rushing to list new digital assets in an effort to keep their investors engaged. In a report from digital analytics platform APYWA, from January 1 to Friday, Korea's top five exchanges, Korbit, Coinone, GOPAX, Upbit, and Bithumb, have all listed about 391 tokens, up 47% from all of 2024. In the report, the platform mentioned that the exchanges accelerated the pace of their listings in the second half of the year. Still, it reports that volumes have remained weak as the market trades sideways. "Without alternative revenue streams, exchanges will remain at the mercy of market volatility," an industry official said. "While the phased approval of corporate participation in the crypto market is seen as a positive signal, long-term sustainability will require regulatory reforms that allow for greater business diversification.” It remains to be seen how these exchanges hope to trigger a shift in trading activities, as they hope that digital assets return to winning ways.

    Korean crypto exchanges face earnings pressure as trading volumes stall
    November 16, 2025 News
  • Hollywood split over creative future amid rise of AI

    Hollywood split over creative future amid rise of AI
    November 16, 2025 Tech
  • Indian police arrest criminals posing as Microsoft support staff to steal crypto

    Indian police arrest criminals posing as Microsoft support staff to steal crypto
    November 16, 2025 News