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Bybit Celebrates Five Years with a Leap into Web3 Decentralization

Cryptocurrency exchange Bybit has announced its Web3 vision on its fifth anniversary, with a focus on creating a decentralized ecosystem that is simpler, and equal for all.Web3 Integration: Bybit Aims to Connect and Unify Wallet SystemsBybit aims to be open to all builders, creators, and partners in the blockchain space, emphasizing collaboration...

Fri Dec 8, 2023 17:18
FCA Flags Crypto Exchange LYKKE for Unauthorized Financial Services Promotion

The UK's Financial Conduct Authority (FCA) has issued a warning, cautioning against engaging with LYKKE due to the crypto exchange's potential unauthorized financial promotions. The regulator mentioned that the exchange was promoting financial services or products without obtaining the required authorization from the regulatory body.The FCA's alert...

Fri Dec 8, 2023 17:18
Bitcoin Breaks Barriers: Crypto Exchanges Volumes Soar to 8-Month High

Bitcoin's (BTC) rise to 19-month highs in November caused retail investors to trade cryptocurrencies much more eagerly last month. This translated into the spot volumes of major crypto exchanges, which grew by 58% to the highest levels in eight months.Data from Finance Magnates Intelligence shows a month-over-month (MoM) jump in total trading volume...

Fri Dec 8, 2023 16:16
The Economics of On-Chain Governance: Incentives, Rewards, and Financial Sustainability

On-chain governance changes how decisions are made in decentralized systems. Unlike traditional ways involving discussions off the blockchain, on-chain governance uses the blockchain for decision-making. This process is done through smart contracts, which are self-executing agreements. In on-chain governance, decisions and voting are programmed into...

Fri Dec 8, 2023 13:13
Balancing Risk and Opportunity: Can Institutions Afford to Ignore Crypto Any Longer?

When institutions larger than the cryptocurrency ecosystem begin to wake up to the potential of crypto, it’s certainly food for thought. Can the ever-evolving world of crypto remain outside of mainstream adoption for much longer? Larry Fink, the CEO of BlackRock, the largest asset management firm in the world with around $9.4 trillion in AUM, doesn’t...

Fri Dec 8, 2023 12:11
Binance Evaluated “Global Licensing Needs” under CZ: Withdrew Abu Dhabi Bid

Binance, the largest crypto exchange in terms of trading volume, has withdrawn its bid for a collective investment fund. This application was previously submitted to the financial market regulator in Abu Dhabi. The decision to retract its bid stems from Binance's ongoing reassessment of its “global licensing needs", according to the company.Is Binance...

Fri Dec 8, 2023 08:07

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