Tag Archives: Bybit

Seychelles-based crypto exchange KuCoin is pushing for mandatory KYC upgrades as its competitors face regulatory challenges across various jurisdictions. In a bid to embrace global compliance requirements, KuCoin announced an upgrade of its KYC authentication rules and systems from next month onwards. Beefing Up KYC Measures The new rules mandate all newly registered users to complete KYC starting July 15 to access KuCoin’s full suite of products and services to ensure a...

KuCoin CEO noted that the increased adoption of cryptocurrency has pushed the number of related security issues higher. Leading cryptocurrency exchange KuCoin has introduced additional checks to its KYC verification process. In a bid to comply with global anti-money laundering regulations, the firm announced the KYC system upgrade on June 28. As part of the upgrade, all new users will have to complete mandatory identity checks from July 15. Without this, such users will not have access to...

Bybit’s move is in stark contrast with that of the leading crypto exchange, Binance. Earlier this month, Binance announced it would cease its operations in Cyprus. Crypto exchange Bybit has obtained a license from the Cyprus Securities and Exchange Commission (CySEC) to operate a crypto exchange and provide custody services in the island nation. Bybit announced the news on Monday, June 26, stating that it will offer a full suite of services to its Cyprus customers. This will include...

Ava Labs’ latest innovative approach reflects the company’s commitment to pushing the boundaries of the AI technology. Artificial intelligence (AI) has taken another foray into the cryptocurrency industry, the latest to embrace this cutting-edge technology is Ava Labs, the brains behind the success of Avalanche blockchain. The software development company recently unveiled its newest addition: AvaGPT, a generative AI assistant to enhance user experiences. In a lengthy Twitter thread on...

ByBit is not the only crypto trading platform recognizing the potential of AI in delivering enhanced user experiences. Other leading exchanges have also explored the integration of ChatGPT into their platforms.  Leading cryptocurrency exchange Bybit is gearing up to enhance its trading services by incorporating an artificial intelligence (AI) tool into its trading platform to enhance market data analysis. In a Twitter post on June 15, Bybit unveiled the latest addition to its Tools...

The exchange has expressed its commitment to building a diverse and dynamic team both in Dubai and globally. Cryptocurrency exchange Bybit has opened its global headquarters in Dubai, with plans to strengthen its presence in the Middle East and North Africa (MENA) region. The firm’s corporate headquarters occupies an entire floor at One Central, Dubai World Trade Centre with an open space of 16,000 square feet. 👉🏻 Join our Dubai HQ Opening Celebration here: https://t.co/syICipGF4x —...

Japan’s Financial Services Agency (FSA) issued a warning letter to four leading cryptocurrency platforms (Bitget, Bybit, MEXC Global, and BitForex) for failing to receive proper registration. The watchdog alerted in 2021 that Bybit had started offering services without obtaining the necessary licenses. The FSA’s Latest Warning The Japanese regulator maintained in a recent letter that the four companies violated the nation’s fund settlement laws by “conducting crypto asset...

Crypto derivatives exchange Bybit has teamed up with Oracle Red Bull Racing to launch an athlete development program called The Bybit Performance Accelerator. According to a press release shared with CryptoPotato, the Accelerator combines education, physiology, and mental well-being to help athletes and professionals continually enhance and improve their performance. Improving the Mental and Physical Well-Being of Athletes The program is designed to evaluate participants’...

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Leading cryptocurrency exchanges, such as Bybit, BitMEX, and Bitfinex, vowed to support victims of Turkey’s disastrous earthquake with aid packages. Binance is also looking to help the affected people. A massive earthquake with a magnitude of 7.8 struck southern Turkey earlier today (February 6) and killed over 1,500 people. Hundreds of buildings collapsed, meaning the number of victims could rise significantly once emergency services scour the ruins. Numerous governments,...