Dubai Regulator Grants Bybit Provisional Crypto License
Bybit, the world’s second-largest crypto exchange by derivatives volume, has obtained a two-year provisional license in Dubai after establishing its headquarters in the city. An announcement shared with Cointelegraph indicates that the Virtual Asset Regulatory Authority (VARA) has granted a non-operational license to the centralized crypto exchange (CEX). According to Helen Liu, the chief operating […]
ETH Whale turns $87K into almost $40M after 8-year Hodl
The Ether whale acquired 16,636 ETH on the ShapeShift crypto exchange at $5.23 per token in 2016, now worth over $40 million in 2024. A recent example from an Ether whale demonstrates that a straightforward buy-and-hold approach can also deliver remarkable results, although complex trading strategies can generate significant profits for investors. Ether was trading […]
Bitstamp, Ripple to Launch Derivatives Platform on XRP Ledger
Bitstamp is set to launch a derivatives exchange on the XRP Ledger, aiming to collaborate closely with Ripple and drive crypto adoption. Gartner disclosed the initiative in the eleventh episode of the “Built on XRPL” series. Gartner stated at the series that Bitstamp will introduce the derivatives exchange in the coming months and expressed his […]
Soneium to Integrate Support For USDC
Circle announced on September 15 that Soneium is incorporating the Bridged USDC Standard into its USD Coin stablecoin as part of its strategic collaboration with Sony Block Solutions Labs (Sony SBL), the Sony subsidiary responsible for the development of Soneium and the oversight of Sony’s web3 initiatives. The announcement stated that USDC will be one […]
BaseBrosFi Project Vanishes after Rug Pull
BaseBrosFi, a decentralized finance (DeFi) protocol on the Base blockchain, disappeared from the internet after an unaudited smart contract stole users’ investments. BaseBros terminated its official website and social media accounts on Telegram and X on September 13. Chain Audits, a blockchain security firm that had previously audited some BaseBros smart contracts, discovered that the […]