Bybit exchange implements Know Your Customer (KYC) rules
The world’s fifth-largest cryptocurrency derivatives exchange Bybit is implementing KYC rules to improve security and the exchange also believes the addition will lead to a significant increase in trading volumes. Bybit, the world’s fifth-largest bitcoin derivatives exchange by trading volume, is considering implementing Know Your Customer regulations. The Singapore-based firm made repeated announcements about implementing […]
CEO of a BTC mining firm claims that China’s cryptocurrency ban presents a “huge opportunity for Canada.”
CEO of IMining, Khurram Shroff thinks that spreading the location of BTC mining operations is a positive thing for the rest of the world. The Chinese government’s regulatory assault on cryptocurrencies has continued to alienate big mining companies. In response to the many provincial prohibition announcements throughout China, according to reports, the Dubai-based investment firm […]
Aave Pro To Be Launched This July, Promises To Support Only BTC, ETH, AAVE And USDC
During the conference and in this email, it was noted that Aave’s institutional product referred to as ‘Aave Pro’ intends to launch this month responding to “extensive demand from various institutions.” Aave to launch permissioned deployment for institutions in July In response to “extensive demand from various institutions,” Aave’s permissioned deployment will go live this […]
Institutional Sale Of Digital Assets Has Reached An All-time High Since February 2018
The CoinShares weekly report shows that there is another major output in digital asset products, and most institutional sales are focused on Bitcoin funds. According to CoinShares data, institutional managers continue to benefit from their cryptocurrency holdings, and the Bitcoin Dedicated Fund (BTC) has seen exits for the sixth week in a row. Total output […]
BTC below 50k: The big guys are buying the dip
The price of BTC remained constant in the last 24 hours, with panic sales easing and poor hands seemingly being flattened. BTC traded a little over $45,400 during the news, up 5 percent from yesterday. It was a brief decrease to $42,000 after this correction on May 17 and the amount has been maintained twice. […]