Bybit Fintech sued for $1 billion by the FTX bankruptcy team
The FTX Bankruptcy is seeking to recover assets worth about $1 billion. The lawsuit will be heard by a Delaware Court. The funds in question were allegedly withdrawn from FTX.…
Bybit and DMCC launch $100k hackathon to fuel Web3 innovation in Dubai
Bybit and DMCC have unveiled a $100,000 “Web3 Unleashed” hackathon. The hackathon focuses on AI, gaming, and blockchain security. The partnership aims to boost crypto adoption in Dubai and includes…
Bybit to suspend UK services due to regulatory changes
Bybit will stop new account registrations on October 1 and end pause deposits and other services for existing customers on October 8. The exchange’s announcement comes ahead of the effective…
Vext To List Exclusively With Bybit On 4th September
London, United Kingdom, August 31st, 2023, Chainwire Veloce, the world’s largest digital racing media network, will be launching its governance and utility token, VEXT, exclusively on ByBit, one of the…
Bybit secures crypto exchange license in Cyprus
Bybit has been licensed as a cryptocurrency exchange and custody provider in Cyprus. Cyprus licensing comes as exchanges prepare for the coming MiCA regulation. The UAE-based company recently exited the…
Bybit announces exit from the Canadian market
Bybit will not accept new account applications from Canadian residents and nationals as from 31 May. Existing customers have until 31 July and thereafter they will only be able to…
Bybit gets “in-principle” approval to begin operations in Kazakhstan
Bybit has been in the process of expanding its service offerings. Bybit received “in-principle” approval from the Astana International Financial Centre to begin operations in Kazakhstan. The exchange will begin…
ByBit taps into crypto lending
ByBit users will now be able to earn interest payouts on idle cryptocurrency assets. The ByBit Lending will offer hourly paid interest and no deposit periods for redemptions and deposits.…
Bybit suspends USD payments via bank transfer
USD payments suspension impacts both national and international bank transfers. Bybit will also pause USD withdrawals as from 10 March 2023. Customers can however continue to buy crypto with credit…
Bybit publishes reserve wallet addresses
Bybit’s largest asset wallet holdings total $1.9 billion, according to details from blockchain analytics firm Nansen. Bybit has become the latest crypto exchange to publish information about its assets reserves,…