Bybit will stop registering new accounts starting October 1, and will temporarily suspend deposits and other services for existing customers starting October 8. The exchange’s announcement comes ahead of the effective date of new FCA rules for cryptocurrency companies. Bybit has informed customers that it will discontinue its services in the UK next month to adapt its operations to new regulatory requirements. According to the cryptocurrency exchange, the decision “Taking into account the UK Financial Conduct Authority’s introduction of new rules on the marketing and communications of cryptocurrency companies, as outlined in the June 2023 Policy Statement (PS23/6) “Financial Promotion…
Author: Crypto Flexs
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Token Terminal, a blockchain analytics platform, provided insight into its blockchain analytics platform. future trajectory The second largest cryptocurrency by market capitalization, Ethereum (ETH). Interestingly, they predict that the cryptocurrency token could rise to $36,800. When Ethereum Reaches $36,800 at research paper Ethereum launched on the platform is expected to hit $36,800 by 2030. However, this prediction was made under the best-case scenario of 2030 being a bull market season. One of the ways they analyzed Future value of ETH We did the entire Addressable Market analysis together. They looked at industries already adopting blockchain and predicted how many of…
In an interesting turn of events, Ethereum-based DeFi project Indexed Finance recently faced a double hijacking attempt on its treasury from the protocol DAO and won. Following this development, the project founders will now regain control from the DAO. In Saturday’s According to Day, both attackers purchased large quantities of Indexed’s native token, NDX, and attempted to take control of the protocol’s assets through malicious offers. The first proposal, identified as Proposition 24, had no title or description. The virtually unremarkable proposal almost won approval within an hour of the vote. great. Here’s what just happened to Indexed DAO: The…
Key Takeaways CoinMarketCap launches ChatGPT plugin CoinMarketCap, a cryptocurrency data aggregator owned by cryptocurrency exchange Binance, announced the launch of its ChatGPT plugin on Wednesday, October 11. inside blog post, the company confirmed that it has developed a new plugin for its large language model (LLM)-based AI chatbot ChatGPT. Users can access this feature by logging into their ChatGPT Plus account and activating the plugin. Thanks to this feature, CoinMarketCap users now have access to the latest data pulled directly from CoinMarketCap. This allows users to keep up with the rapidly changing cryptocurrency landscape. Using the CoinMarketCap ChatGPT plugin costs…
Liechtenstein’s leading blockchain company, LCX, has relaunched its cryptocurrency exchange, a regulated cryptocurrency trading experience that allows you to buy, sell and store a variety of digital assets. First launched in 2018, LCX Exchange Revamp is another milestone in LCX’s growth roadmap, building out the underlying framework, including a new backbone infrastructure, scalable account wallet, and updated user interface. With the relaunch of LCX Exchange, all users can now enjoy a fast, reliable and advanced trading experience. The new version of LCX Exchange is built on a scalable infrastructure with a high-performance trading engine. The login and registration process has…
Since the introduction of Bitcoin in 2008-09, cryptocurrencies have gained enormous popularity, and today the total net worth of cryptocurrency assets is close to $1 trillion. This includes currencies such as BTC, Ethereum, Litecoin, Dogecoin, Cardano, Solana, and more. Currently, many governments around the world are thinking of investing in their own cryptocurrencies, leveraging blockchain technology to run them.A market worth trillions of dollars is forming.Over the years, over the past decade, cryptocurrencies have grown from a simple digital innovation to a nearly trillion-dollar market, giving them fierce competition from the existing global financial system. Today, Bitcoin (BTC) and other…
Bitcoin mining difficulty increased again in 2023, reaching a new all-time high. Bitcoin “difficulty” is an important aspect of the network that governs the rate at which new blocks are added to the blockchain at any given time. Bitcoin mining difficulty reached a new high of 67.96T. According to data from BTC Blockchain Explorer, the Bitcoin network experienced a significant correction at block height 818,496. This caused the blockchain’s difficulty to increase by 5.07%, reaching an all-time high of 67.96T. Mining difficulty is an essential feature in the Bitcoin blockchain that measures how much power is needed to verify a…
Gate.io implements zero-knowledge technology with new proof-of-reserve method – Chainwire housenewsroomGate.io implements zero-knowledge technology with new reserve proof method We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is necessary for the legitimate…
Top news this week CME overtakes Binance to gain largest share of Bitcoin futures open interest The Bitcoin futures market is showing interesting changes as the global derivatives market Chicago Mercantile Exchange (CME) surpasses Binance in Bitcoin futures open interest trading volume. The change comes after Bitcoin surpassed $37,000 for the first time in 18 months. But James Seyffart, a research analyst specializing in exchange-traded funds at Bloomberg Intelligence, doubts whether the increased public interest in CME’s Bitcoin futures will address the U.S. Securities and Exchange Commission’s historical concerns about the depth and potential of the Bitcoin market. raised. For…
quick take MapMetrics has partnered with peaq to revolutionize Web3 navigation using decentralized infrastructure (DePIN) for Google Maps-style services. This collaboration marks an important step forward in advancing user-centric navigation services by strengthening user privacy and leveraging Solana compatibility. MapMetrics expands to peaq: Transforming navigation, enhancing privacy in a Web3 world Free navigation apps like the ubiquitous Google Maps, which have billions of monthly users, may seem cost-free at first glance, but they incur a hidden cost: personal data. These applications often monetize location data with little regard for user privacy. Giants like Google are taking this exploitation a step…