Dubai’s Virtual Assets Regulatory Authority (VARA) issued Bybit FinTech FZE, a subsidiary of the crypto exchange Bybit, a Minimum Viable Product (MVP) preparatory license on June 27. To serve a wider range of consumers in the United Arab Emirates, Bybit CEO Ben Zhou stated that the exchange is actively pursuing
On June 26th, Robinhood Markets announced that they will be laying off around 7% of its full-time staff. This equates to around 150 people. This change is being implemented as the company attempts to combat declining client engagement. The organization stated: “We’re ensuring operational excellence in how we work together
A fresh investigation report by the defunct exchange claims that the new FTX management team has recovered $7 billion. Furthermore, the new administration claims to have made “substantial progress” in recouping lost assets. However, a recently released investigation report indicates the exchange has an $8.7 billion debt to its consumers.
LeverFi (LEVER) is set to debut on the KoinBX exchange, marking a significant milestone for the decentralized leverage trading platform. Starting from June 28, 2023, at 11:30 AM (UTC), users can deposit, withdraw, and trade the LEVER token on KoinBX, opening up exciting opportunities for crypto enthusiasts. 🚩 KoinBX |
OKX’s implementation of the BRC-20 token standard has passed a security assessment conducted by CertiK, the industry leader in blockchain security. This is a crucial step towards adding Ordinals to the Bitcoin blockchain. And a turning point for the cryptocurrency and blockchain industries. CertiK and @okx have joined forces to
Crypto exchange Bybit has been expanding rapidly. A license to operate a cryptocurrency exchange and offer digital asset custody services was revealed today by the exchange in Cyprus. Obtaining an operating license in Cyprus was a calculated move on Bybit’s part to widen its international reach. Bybit now has the
In light of mounting difficulties stemming from hurdles from financial authorities worldwide. The biggest cryptocurrency exchange in the world, Binance, has withdrawn its license registration in Austria. Binance Austria GmbH, a wholly owned subsidiary of Binance, is no longer seeking a license from the Austrian Financial Market Authority (FMA), according
FTX co-founder Sam Bankman-Fried (SBF) was turned down in his attempt to collect papers from Silicon Valley legal firm Fenwick & West LLP as part of his defense strategy in his continuing federal fraud prosecution. Bankman-Fried wanted to utilize this evidence to prove that he had sought and followed legal
By purchasing X1, a company in the credit card industry, for $95 million, Robinhood has made a fresh move to diversify its business portfolio. The financial technology company provides prepaid and one-time use credit cards, as well as an income-based rewards credit card. According to a statement released by Robinhood
Binance has been compelled to suspend its cryptocurrency services in Belgium. The FSMA has issued an order for an immediate halt of digital asset offerings in the nation. According to the announcement, Binance’s crypto services are available “from countries that are not members of the European Economic Area.” The biggest
