Crypto Highlights Bybit Halts India Services
Real Vision’s Raoul Pal predicts crypto’s ‘Banana Singularity,’ while Russia seizes $10M in Bitcoin. @Bybit halts services in India amid regulatory challenges. #Update #Crypto $BTC (-3) ↘
Bybit
Crypto Trading Halt: Bybit Exits India
@Bybit will temporarily suspend services in India due to regulatory requirements, allowing only withdrawals. The company aims to resume full operations soon after registering as a Virtual Digital Asset Service Provider under Indian law. #Update #Legal @Bybit (+3) →
Bybit Restricts Services in India
@Bybit will restrict services in India from January 12, 2025, due to regulatory issues; trading and P2P crypto-to-rupee exchanges will halt, but fund withdrawals remain available. Previous exits include @OKX amid $97M tax claims. #Update #Legal @Bybit (+6) →
Malaysia Targets Unregistered Crypto Exchanges
Malaysia orders @Bybit_Official to stop crypto exchange operations as Securities Commission Malaysia enforces against unregistered platforms (Dec. 27). #Breaking #Legal @Bybit_Official ↗ (+8)
Bybit Unveils Financial Reserves Report
Bybit unveils its Proof of Reserves report with reserve ratios of 115% for $BTC, 106% for $ETH, and 103% for $USDT as of December 12, 2024, reinforcing financial transparency. #Update #Crypto @Bybit ↗ (+6)
Crypto Insights Bybit Team at CRYPTO TALKS
Bybit highlights MiCAR compliance hurdles at CRYPTO TALKS Vilnius, stressing collaboration with regulators for a secure crypto market in Europe. Operational readiness requires major investment to meet evolving standards. #Crypto #Update
FTX Settles 228M Lawsuit With Bybit
FTX settles a $953M lawsuit with Bybit, recovering $175M in crypto and planning to sell BIT tokens for $53M. This marks a pivotal moment in FTX’s recovery efforts, aiming to compensate 98% of users. #Update
Bybit Futures Bot Tournament WSOT 2024
Bybit is hosting a Futures Bot Tournament with a 400,000 USDT prize pool! Featuring automated bots for all skill levels and fair PnL-based rewards. Dive into the future of trading with Bybit! #Crypto #Update
Bybit Card Expands Pre-Registration Regions
Bybit expands into Argentina, Brazil, and the Netherlands, offering $10 bonuses to early card applicants. With access to Mastercard’s network, users enjoy up to 10% cashback and 8% APY on tokens. $BYBIT #Update
Bybit Launches WSOT 2024 Competition
Bybit kicks off WSOT 2024 with a $10M prize pool and new Web3 features, including decentralized trading on DEX Pro. Traders compete in lightweight, middleweight, and heavyweight tiers. #Crypto #WSOT2024 #Update
Bybit Acquires Kazakhstan Regulatory License
Bybit secures a full license from the Astana Financial Services Authority, set to launch bybit.kz in Oct 2024. The move underscores Bybit’s commitment to the Kazakhstan crypto market, enhancing trading capabilities and transparency for local and CIS region users.
Bybit Lists CATI and HMSTR Tokens
Bybit to list $CATI and $HMSTR tokens on Sept 20 and 26, for Catizen and Hamster Kombat games on the TON blockchain. This strengthens Bybit’s role in blockchain gaming and the TON ecosystem.
Bybit WSOT 2024 Competition Launch
Bybit’s WSOT 2024 offers a $10M USDT prize pool, exclusive rewards, and trading on CEX and DEX platforms, including DEX Pro with over a million tokens. Categories: Lightweight ($500), Middleweight ($2000), Heavyweight ($10,000). Backed by 100+ partners.
Bybit Receives Kazakhstan License Approval
Bybit secures full regulatory approval from Kazakhstan’s AFSA, becoming the second crypto exchange after Binance to achieve this. This milestone enhances Bybit’s service offerings with advanced trading tools and institutional-level security for Kazakh users.