Recently, rumors of Bybit crypto exchange facing insolvency began circulating on social media. CEO Ben Zhou quickly addressed these rumors, claiming that they were baseless and lacking any factual support. He went on to share Bybit’s Proof of Reserves to reassure users that all assets are fully collateralized, with reserve ratios exceeding 100% for Bitcoin,
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The digital asset landscape is constantly evolving, with new opportunities emerging for investors to diversify their portfolios and potentially achieve significant gains. One recent development that has caught the attention of many market participants is the transition of Floki holders to a new ICO called 5thScape. This shift in sentiment raises important questions about the
The cryptocurrency market has been buzzing with optimism as investors eagerly anticipate the peak of the ongoing bull cycle for Bitcoin. Crypto Con, a well-known crypto analyst and enthusiast, has made predictions about when Bitcoin will reach its highest point based on historical data and market trends. These insights have provided valuable information for investors
XRP price faced a fresh decline after struggling near $0.5570, leading to trimmed gains and trading below $0.5350 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.5320 on the hourly chart of the XRP/USD pair. Maintaining above the 100-hourly SMA is crucial to prevent a sharp
The LidoDAO (LDO) price has surged by 26% over the past week, prompting many investors to wonder if it’s too late to buy into this promising cryptocurrency. LDO serves as the native crypto for the decentralized Ether staking platform Lido and also functions as the governance token for the Lido decentralized autonomous organization (DAO). Despite
The First District Court of Appeals in Florida recently made headlines by nullifying an Emergency Suspension Order (ESO) issued by the Office of Financial Regulation against Binance.US. This decision came after Florida’s regulator had banned Binance.US from serving its residents earlier this year, citing “immediate danger” to the public. One of the main reasons for
Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), has recently expressed his strong opposition to the Financial Innovation and Technology for the 21st Century (FIT21) Act. Despite the widespread celebration of this bill within the crypto industry for providing regulatory clarity, Gensler has raised concerns regarding its potential negative impact on
US Securities and Exchange Commission (SEC) Chair Gary Gensler’s recent statement criticizing the Financial Innovation and Technology for the 21st Century Act (FIT21) raises some important points, but falls short in its analysis. Gensler argues that the bill would create new regulatory gaps and put investors at risk by allowing crypto operators to self-certify their
Bitcoin whales, the large investors with significant holdings of BTC, have been making waves in the cryptocurrency market by taking advantage of every dip in the price to acquire more tokens. Thomas Fahrer, co-founder of Bitcoin-based company Apollo, recently made a startling revelation about the buying behavior of these whales during price drawdowns. While smaller
Uniswap Labs, known for its decentralized trading platform, is currently embroiled in a legal battle with the Securities and Exchange Commission (SEC) over the classification of crypto tokens as securities. The New York-based firm has vehemently denied operating as an unregistered exchange and broker-dealer. Despite the SEC’s issuance of a Wells Notice indicating a potential