Bybit ceases crypto trading services for European Economic Area users on global platform

Bybit's adjustments in the EEA highlight the growing impact of regulatory frameworks on crypto exchanges, emphasizing compliance's critical role. The post Bybit tightens EEA access ahead of MiCA deadline appeared first on Crypto Briefing.

Bybit and OKX Proof of Reserves show user BTC holdings rose over 10% while USDT balances fell, pointing to a shift in exchange assets.

The hack underscores the urgent need for enhanced cybersecurity measures in the crypto industry, potentially influencing future regulations. The post $2B Bybit hack linked to North Korea, Iran involvement unconfirmed appeared first on Crypto Briefing.

WSJ says Iran-linked wallets moved $3.84b through CoinEx since 2019, raising sanctions concerns and fresh Bybit hack trail questions.

Crypto firms serving clients across the European Economic Area face shutdown risk if they fail to secure authorization under the Markets in Crypto-Assets Regulation (MiCA) before enforcement begins. Regulators have ruled out extensions, leaving more than 1,200 previously registered firms with limited time to comply as only a small number have obtained full approval. EU […]

The incident underscores the vulnerabilities in crypto exchanges, highlighting how they can be exploited for sanctions evasion and illicit finance. The post Bybit linked to $2B in illicit Iranian cash flow through crypto exchange appeared first on Crypto Briefing.

Financial infrastructure provider OpenPayd has secured authorization under the European Union’s Markets in Crypto-Assets Regulation, allowing the company to offer regulated crypto services across the European Economic Area through a single license. OpenPayd announced on June 24 that the authorization…

XRP withdrawal transactions on Binance overtook deposits for several days, while similar shifts were observed across other crypto exchanges, including Coinbase and Bybit. The shift occurred as XRP traded near recent lows, pointing to a change in exchange behavior amid price pressure. Binance XRP Withdrawals Lead Deposits for Seven Consecutive Days XRP has shown short-term […]