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Bybits exchange expresses deep gratitude for industry support after $1.4 billion hack
Bybit Exchange has expressed deep gratitude for the support of crypto industry companies and executives after its centralized exchange platform was hacked to the tune of $1.4 billion.
Ben Zhou, CEO of Bybit, thanked Antalpha Global, Bitget, Pionex, MEXC, SoSoValue, Galaxy Digital, FalconX, Lido Finance, #Solana Foundation, Ton Foundation, Ghaf Capital, Fenbushi, #Bitvavo and Tether for their support during the crisis
In a separate statement on Feb. 22, Zhou thanked them for their support after the largest hack in #cryptocurrency history. adding: Within 24 hours of the incident, we were overwhelmed by the support from some of the industry's leading people and organizations. We shared with them a dark moment in cryptocurrency history. We proved that we are better than the attackers, the CEO continued, thanking the industry for their solidarity.
Read us at: Compass Investments
Ben Zhou, CEO of Bybit, thanked Antalpha Global, Bitget, Pionex, MEXC, SoSoValue, Galaxy Digital, FalconX, Lido Finance, #Solana Foundation, Ton Foundation, Ghaf Capital, Fenbushi, #Bitvavo and Tether for their support during the crisis
In a separate statement on Feb. 22, Zhou thanked them for their support after the largest hack in #cryptocurrency history. adding: Within 24 hours of the incident, we were overwhelmed by the support from some of the industry's leading people and organizations. We shared with them a dark moment in cryptocurrency history. We proved that we are better than the attackers, the CEO continued, thanking the industry for their solidarity.
Read us at: Compass Investments
Europe crypto mkt changes; MICA-supported stables rise @CryptoDNews first
The European cryptocurrency market is changing as MiCA-backed stable coins dominate
As #cryptocurrencies gain traction in Europe, the impact of the evolving regulatory environment is becoming more apparent, especially as the influence of stable, compliant coins grows. According to a new study
Kaiko and Dutch exchange #Bitvavo , the European #cryptocurrency market is undergoing a marked change, especially in terms of trading volume and adoption of stable coins. In March and November, trading volume surpassed $42 billion. This surge emphasizes the growing role of the euro in cryptocurrency trading. The euro now accounts for 7.5% of total fiat trading volume, while the U. S. dollar and South Korean won account for 49.9% and 33.4%, respectively.
Under the Markets in Cryptoassets (MiCA) Regulation, which came into force in June, significant changes are also taking place in the stable coin sector. The new regulation determines how stablecoins are issued and traded in Europe: Tether's decision to abandon the euro-linked #EURT stablecoin was a major change, but Circle's EURC, Societe Generale's EURCV, Banking Circle's EURI, and euro-linked stablecoins like Banking Circle's EURI are thriving under the new regulation. Together, they will control 91% of the European stablecoin market by the end of 2024.
Read us at: Compass Investments
#CryptoAdoption
As #cryptocurrencies gain traction in Europe, the impact of the evolving regulatory environment is becoming more apparent, especially as the influence of stable, compliant coins grows. According to a new study
Kaiko and Dutch exchange #Bitvavo , the European #cryptocurrency market is undergoing a marked change, especially in terms of trading volume and adoption of stable coins. In March and November, trading volume surpassed $42 billion. This surge emphasizes the growing role of the euro in cryptocurrency trading. The euro now accounts for 7.5% of total fiat trading volume, while the U. S. dollar and South Korean won account for 49.9% and 33.4%, respectively.
Under the Markets in Cryptoassets (MiCA) Regulation, which came into force in June, significant changes are also taking place in the stable coin sector. The new regulation determines how stablecoins are issued and traded in Europe: Tether's decision to abandon the euro-linked #EURT stablecoin was a major change, but Circle's EURC, Societe Generale's EURCV, Banking Circle's EURI, and euro-linked stablecoins like Banking Circle's EURI are thriving under the new regulation. Together, they will control 91% of the European stablecoin market by the end of 2024.
Read us at: Compass Investments
#CryptoAdoption
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