Worldcoin, a cryptocurrency startup founded by OpenAI’s Sam Altman, could face severe consequences in Colombia. The country’s Superintendence of Industry and Commerce (SIC) has launched formal proceedings against the Worldcoin Foundation and its partner, Tools for Humanity. This action is due to alleged breaches of Colombia’s personal data protection regulations.…
XRP’s order book on U.S. exchanges is 30% more liquid than offshore platforms. The greater the liquidity or market depth, the easier to execute large transactions at stable prices. XRP is having its moment not just in terms of price rally but also enhanced liquidity on U.S. exchanges, a positive…
One of the world’s largest issuers of crypto exchange traded funds (ETPs), 21Shares, has integrated Chainlink’s Proof of Reserve (PoR) on Ethereum to make their Core Ethereum ETF (CETH) transparent. This step will enhance investors’ trust in the firm. 21Shares integrating Chainlink In a press release, 21Shares US LLC, shared…
India-based centralized exchange WazirX seeking partnerships to restore full operations following a significant exploit that resulted in the loss of nearly half its assets. The exchange’s co-founder, Nischal Shetty, shared the development in a social media post on July 23 and notified users that it is working on a solution…
Singapore-based cryptocurrency exchange – Bybit – has released its 12th proof of reserve (PoR) report, which highlights significant changes in user asset holdings compared to the previous month. The current PoR revealed a Bitcoin reserve ratio of 107%, Ether’s at 105%, and Tether’s at 103%. Bybit’s 12th PoR The report…
Bybit is a centralized cryptocurrency exchange that has grown to become one of the world’s largest by daily trading volume. It offers leveraged trading on various cryptocurrency pairs and has gained popularity for its user-friendly interface, advanced trading tools and competitive fees. Bybit’s founding and early development Ben Zhou, a…
Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions. Recent incidents highlight the gravity of these threats: in February 2024,…
CHZ, the native token of the Chiliz blockchain, which powers sports token fan creator Socios.com, surges as the UEFA football championship nears. The token doubled in value in the months before the 2022 FIFA World Cup, only to slide later. 10X Research expects the FIFA scenario to repeat itself. Most…
Ben Zhou, the CEO of the cryptocurrency exchange Bybit, has now effectively dispelled negative rumours of the exchange’s liquidity issues or an alleged hack. The speculation that began on May 22 was especially actuated by false proof-of-reserves data relayed by Arkham Intelligence. The rumours similar to the FTX fall recently…
Bybit crypto exchange CEO Ben Zhou has firmly denied rumors about the exchange’s alleged insolvency circulating on social media. This week, obscure social media accounts began spreading these rumors, with one user suggesting that a bug in a proof-of-reserves graph from Arkham Intelligence might have sparked the speculation. Zhou promptly…