Bybit

Dogwifhat (CRYPTO: WIF) rocketed 124.5% higher on news of ByBit, a cryptocurrency exchange, listing the token. What Happened: ByBit announced that it would list the WIFUSDT Perpetual Contract with up to 25x leverage for trading. The listing is the meme coin's biggest exchange scalp...

The hacked tweet from the SEC announcing fake Bitcoin (CRYPTO: BTC) ETF approvals sent the market soaring on Tuesday, only to plummet minutes later when reality set in, resulting in a financial wipeout for thousands of traders. Over $220 million got liquidated in the resulting chaos...

Crypto exchange Coinbase Global Inc (NASDAQ: COIN) has notified a select group of its users via email about a subpoena it has received from the Commodity Futures Trading Commission (CFTC), requesting detailed information on user accounts and their transaction histories. This development,...

In a major legal development, bankruptcy advisers for FTX have filed a lawsuit against Bybit Fintech and two of its associated entities. What Happened: The suit was lodged against Bybit Fintech Ltd., Mirana Corp., and a connected crypto trading entity named Time Research Ltd....

Crypto exchange ByBit announced its exit from the U.K. market after the imposition of stricter rules by the U.K. Financial Conduct Authority. However, CEO Ben Zhou denied all exit rumors early this week and stated that it is still exploring all options to stay in the country. Find out more on...

A significant amount of the Pepe (CRYPTO: PEPE) meme coin, valued in the millions, was observed entering crypto exchanges on Thursday. This sudden influx alarmed investors, leading to a decline in its price and raising concerns about unusual activities related to the project's multisig,...

Crypto exchange Bybit will require know-your-customer checks on all its services starting next month. "Starting from 8 May, 2023, Identity Verification of at least Lv.1 will be mandatory for all Bybit products and services," the company said in a Monday announcement. "Existing users...

Cryptocurrency exchange Bybit has launched Bybit Card, a debit card powered by the Mastercard (NYSE: MA) network and issued by Moorwand. The card will allow users to off-ramp their cryptocurrency holdings into fiat currency to make purchases or withdraw cash from ATMs. Bybit Card will enable...

Cryptocurrency exchange Bybit on Saturday announced the suspension of USD deposits via bank transfer, citing service outages from their partner.  Effective immediately, USD deposits via Wire Transfer (SWIFT) and Wire Transfer (For US banks) are no longer available, it stated. The company has...

Major exchanges Bybit and Australia-based Swyftx have laid off a third of their workforces, just a week after Kraken announced job cuts, amid a deepening crypto winter. Ben Zhou, co-founder, and CEO of Bybit unveiled a reorganization plan that calls for a significant reduction in the company's...

Seychelles-based MEK Global Limited and Singapore-incorporated PhoenixFin Pte. Ltd., both of which jointly own crypto exchange KuCoin, have been listed in an Aug. 23 alert from the Ontario Securities Commission (OSC) of Canada which stated that 13 companies were "not registered to...

Professional sports leagues continue to warm up to the cryptocurrency industry with sponsorship deals for leagues, teams and players. Here’s the latest signed deal. What Happened: The Red Bull Racing F1 team announced the signing of a multi-year partnership with Bybit, a...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Photo by Pierre Borthiry on Unsplash For any current crypto trader or anyone looking to get into it, many hurdles can be snags or...

In the past 24 hours, the cryptocurrency market saw $3.74 billion worth of liquidations from more than 341,000 traders. What Happened: After Tesla Inc (NASDAQ: TSLA) CEO Elon Musk made an announcement on Twitter that the car company will no longer accept Bitcoin as means of payment over...