Bybit Supports Crypto Market Makers With $100m Fund
Bybit, a major cryptocurrency platform, informed on Thursday that it established an institutional clients support fund worth $100 million Bybit has established a new support fund to aid institutional traders in gaining access to liquidity following the FTX collapse, which brought on a new round of panic selling throughout the digital asset market. Following the […]
South Korea revises Crypto regulations to avoid FTX recurrence
Yoon Chang-Hyun, a South Korean politician from the People Power Party, wants to change the crypto-safe transaction bill because he thinks the current bill doesn’t protect users enough after the FTX collapse. Yoon Change-Hyun presented the bill change to the National Assembly Political Affairs Committee on November 22 during a first subcommittee meeting to discuss […]
CZ Binance responds to FTX contagion on crypto industry
Binance CEO Changpeng “CZ” Zhao in a Bloomberg interview responded to FTX contagion on the crypto industry at large. He also spoke on Coinbase reserves and the industry recovery fund. The fall of FTX will have some spillover effects on the cryptocurrency market , according to the CEO of Binance in an interview with Bloomberg […]
Crypto wallet linked to Mt. Gox hack moves 10,000 BTC
On November 23, a crypto wallet belonging to the defunct crypto exchange BTC-e sent 10,000 Bitcoin, which is now valued at over $165 million, to multiple exchanges, personal wallets, and other sources. According to a Chainalysis report published on November 23, while this is the largest withdrawal made by BTC-e since April 2018, BTC-e and […]
Russia plans to develop national cryptocurrency exchange
Russian legislators are drafting revisions to the “On Digital Financial Assets” law to establish the legal foundation for a national cryptocurrency exchange. The creation of a national cryptocurrency exchange is being worked on by Russian legislators. According to reports, the Ministry of Finance and the Central Bank of Russia, which have a long history of […]