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FTX Sues Bybit to Claw Back $953M in 'Misappropriated Funds'
13.11.2023
The FTX estate says the funds were "preferentially" or "fraudulently" transferred to Bybit and affiliates in the lead-up to its November 2022, bankruptcy filing
Binance Faces Erosion in Market Dominance with 10% Decline in Trading Volume Amidst Rising Competition: Report
13.11.2023
Source: Adobe According to the November 6 report by blockchain analytics firm 0xScope, Binance has maintained its position as the top centralized exchange, with a significant market share; however, its dominance has weakened over the past year, with a continuous decrease in trading volume...
FTX Debtors’ Lawsuit Seeks Recovery of $935 Million ‘Fraudulently’ Transferred to Bybit’s Investment Arm and Others
13.11.2023
A new lawsuit filed by entities overseeing the FTX bankruptcy process seeks to recover $935 million that was reportedly transferred to Bybit’s investment arm and others just before the former’s Chapter 11 filing in November 2022. Bybit is also accused of using FTX assets held on...
FTX Bankruptcy Team Sues Crypto Exchange Bybit for $1 Billion – What’s Going On?
12.11.2023
Source: Adobe / Ascannio FTX’s bankruptcy advisers have filed a lawsuit against crypto exchange Bybit Fintech and its two affiliated companies. The lawsuit aims to recover approximately $953 million worth of cash and digital assets that were withdrawn from Sam Bankman-Fried‘s...
FTX files billion-dollar lawsuit against ByBit over asset withdrawals
12.11.2023
The legal action is pursuing “compensatory and punitive damages” from ByBit regarding the token scheme and the assets held on its platform
Today in Crypto: opBNB Becomes 2nd Most Popular L2 per DAU, Ripple Reveals Upgraded Ripple Payments, Bitwala Relaunches With Striga’s Help
8.11.2023
Source: AdobeStock / JeanLuc Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Blockchain news BNB Chain’s Layer 2, opBNB, has experienced on-chain growth and became the second most popular L2...
Today in Crypto: US SEC Candidates Unwilling to Divest Crypto Assets, BSC Ranks 4th in Q3 Fiat Losses
7.11.2023
Source: AdobeStock / MuhammadIlyas Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Career news The US Securities and Exchange Commission (SEC) is having trouble hiring crypto experts –...
Bybit launches Double-Win, a revolutionary trading tool
17.10.2023
Bybit has announced the launch of a trading tool that empowers traders and helps them maximize profits. The tool, named Double-Win, aims to mitigate the market risks along with its volatility. Users with Double-Win can be assured of being able to grab every market opportunity that they get. Bybit...
BitPay Enables Cryptocurrency Payments for Taylor Swift's Movie Premiere
14.10.2023
Taylor Swift fans who are also crypto enthusiasts can now purchase tickets for the highly anticipated film "Taylor Swift: The Eras Tour" using various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Shiba Inu (SHIB).
The movie, which hits theaters worldwide today...
Crypto Cards Still an Option to Spend Digital Cash in Fiat Environment
8.10.2023
Rising regulatory pressures may have limited crypto cards on offer but they remain a viable way to pay with coins where only fiat is accepted. With them, you spend crypto and that’s without the need to exchange it beforehand as it often happens when you want to pay with cryptocurrency in...
Crypto Exchange Bybit Launches Derivatives Products in South Africa
4.10.2023
Bybit announced on Oct. 2 that it will be offering its crypto derivatives products in South Africa through Money Doc which acts as the crypto exchange’s “juristic representative.” The crypto exchange said its on-ramp service enables South African users to make deposits in local...
Why Some Crypto Firms Are Suspending Services in the U.K.
4.10.2023
Luno, Bybit and PayPal have recently withdrawn certain services from the U.K. – just ahead of tough new promotions rules for crypto firms coming into effect
Did You Know About These Crypto Airdrops in October?
1.10.2023
As markets continue to move sideways, crypto companies are trying to increase user engagement through airdrops. Among them are some well-known names in the space as well as new projects searching for their place. They all seek to arouse interest in digital money and their own products with...
Crypto Exchange Bybit Suspending Services in UK to Comply With New Regulations
25.9.2023
Cryptocurrency exchange Bybit is suspending services in the U.K. next month in order to comply with the new rules set by Britain’s top financial regulator, the Financial Conduct Authority (FCA). “The suspension will allow the company to focus its efforts and resources to best meet...
Bybit to Stop UK Services as Fin Regulators Clamp Down - Are You Affected?
23.9.2023
Cryptocurrency exchange Bybit has revealed its decision to suspend services in the United Kingdom (UK) due to impending regulations from the country's Financial Conduct Authority (FCA).
In a Friday announcement, the exchange said it would begin the suspension process on October 1 and would...
Bybit will suspend services in UK following financial regulator's 'final warning'
22.9.2023
Headquartered in Dubai, crypto exchange Bybit said it will suspend services to residents of the United Kingdom starting in October due to "regulatory changes"
Crypto Platform Bybit to Suspend UK Operations Starting October 8 – What's Going On?
22.9.2023
Digital assets exchange Bybit, which cited early this month that new marketing rules in the UK would hinder its operations, will no longer accept new account applications from UK residents, starting October 1.
The new rules, announced by the UK’s Financial Conduct Authority (FCA), apply to...
Crypto Exchange Bybit 'Exploring All Options' to Stay in UK: CEO
14.9.2023
Companies like Luno and PayPal have halted certain crypto operations in the country in response to regulations set to take effect next month
Crypto Exchange Bybit Expected to Leave UK Market Amid Looming Regulations – What’s Going On?
14.9.2023
Digital asset exchange Bybit mulls a potential exit from the UK as new rules from the Financial Conduct Authority (FCA) swing into effect on Oct 8.
Bybit CEO Ben Zhou explained that the new marketing rules set to be enforced in a few weeks will tighten the market, possibly forcing the firm...
SEC Greenlights Nasdaq’s First AI-Powered Order Type
9.9.2023
The U.S. Securities and Exchange Commission (SEC) has approved a new artificial intelligence (AI)-powered order type for Nasdaq’s stock exchange. This marks the first AI order type approved for an exchange. Nasdaq says the latest technology aims to improve efficiency and performance on...