Cryptocurrency News Today TheBitTimes.com

Bybit, one of the world’s top three crypto exchanges by trading volume, has reached a monumental milestone, surpassing 30 million registered users globally, as per the information shared with Finbold on May 21.  This achievement comes during a period of exceptional Web3 growth , solidifying Bybit’s position as a leader in the blockchain industry. Bybit’s market share surge Bybit’s market share in spot trading has surged from 2% in 2023 to an impressive 9.3% in 2024, a nearly 400% increase according to the latest Kaiko Research quarterly report.  Picks for you Ripple v. SEC case update as of May 21, 2024 31 mins ago Hex Trust launches USDX stablecoin on Flare, offering real-world yields through clearpool partnership ...

The financial watchdog published suggested rules to protect digital asset customers under the Virtual Asset User Protection Act passed earlier in 2023.   In a Dec. 11 press release, South Korea’s Financial Services Commission (FSC) proposed guardrails to oversee the operations of virtual asset service providers (VASPs) and cushion crypto users from financial risks. Provisions in the act include requirements for custody of customer deposits using cold storage and criminal charges to curtail bad actors among both VASPs and virtual currency users. According to the FSC, operators like crypto exchanges should store 80% or more of their customers’ digital assets in cold wallets.  Cold wallets are hardly connected to the internet and face fewer attack vectors than hot wallets, which are typically internet-linked to support frequent transactions.  The FSC’s act also defined digital assets, noting that NFTs and CBDCs do not fall under the purview of proposed laws. The rules ...

The HopeCard, a protocol integrated into the HOPE Ecosystem, serves as a mediator between Web2 and Web3 platforms, facilitating cryptocurrency transactions for global users.  Hope.money has always shown its dedication to creating a highly exceptional decentralized financial ecosystem on a global scale, after a pioneering distributed stablecoin venture, and introducing the “HopeCard.”. Its primary objective is to provide crypto customers with comprehensive and dependable services.  It is noteworthy that the public beta version of the HopeCard is set to go live on Friday, October 13 followed by the official launch later this month October 2023. To celebrate this remarkable achievement, Hope.money is launching a number of incentive promotions open to all users . HopeCard is designed to revolutionize the use of digital assets in daily life by functioning as a comprehensive crypto currency payment solution. It serves as a pivotal link between the existing physical and digital economie...