Crypto scam cases in Hong Kong rose by 170% in a year, prompting the Securities and Futures Commission to demand licensing applications from exchanges like OKX and Bybit to combat fraud and secure investor trust. As regulatory pressure mounts, the approval of reputable exchanges is crucial for Hong Kong's crypto market to thrive and establish itself as a trusted digital asset hub.
WeatherlyBybit applies for a Hong Kong license, signaling strategic expansion and intensifying competition in the burgeoning Asian cryptocurrency market.
BrianBybit Web3 Swap's launch marks a significant step in the DeFi evolution, offering users a secure and streamlined token swapping experience. Ongoing developments, including upcoming integrations, showcase Bybit's dedication to staying at the forefront of innovation.
BerniceBybit Exchange announces the listing of Magic Square's governance token, SQR, for spot trading. SQR, associated with the Web3 platform, will be tradable on Bybit's platform, with early participants standing a chance to earn free SQR tokens. Magic Square's recent public sale through DAO Maker and the backing of influential investors add to the anticipation surrounding the listing.
Xu LinBybit has forged a strategic alliance with Ethena Labs, bringing forth Ethena's USDe stablecoin to the Bybit platform. USDe, a decentralised monetary solution, operates independently from traditional banking systems. It leverages delta-hedging staked Ether (ETH) for comprehensive collateral backing.
JoyByBit has joined the ranks of major crypto exchanges such as Binance to publicly provide its proof of reserves.
cryptopotatoMost of the current mainstream monolithic blockchain-based platforms will actually be unable to withstand the huge throughput of DeFi.
FtftxJohann Bornman, head of product at MMI, called the integration with Cactus Custody’s DeFi Connector “a profound DeFi capability for institutions.”
CointelegraphCross-chain aggregators are critical to leveraging interoperability and liquidity in DeFi.
CointelegraphBalancer, DeFiChain and cBridge each saw a surge in their total value locked despite the current downturn in the wider crypto market.
Cointelegraph