In a post on X, one analyst now claims traditional fiat-backed stablecoins like USDT and USDC should prepare for a “major” attack due to the increasing popularity of Ethena’s USDe. The warning follows Ethena and USDe’s integration with Bybit, a crypto exchange allowing perpetual trading. USDe is not fiat-backed like other popular stablecoins. Instead, it is a […]
The Hong Kong Securities and Futures Commission (SFC) has recently raised concerns over Bybit, marking it as a platform of suspicion. This move comes amid a broader regulatory push within Hong Kong to oversee and regulate the crypto market. The SFC’s cautionary note addresses 11 investment products by Bybit, indicating potential risks these might pose […]
In the last few weeks, the Binance exchange has had to weather a storm, settling with the US Department of Justice (DOJ), alongside other US regulatory agencies, to pay a $4.3 billion fine for breaching US laws on money laundering and sanction violations. In addition, the exchange saw its CEO and one of the crypto’s […]
In a surprising twist of events, crypto exchange Bybit appears to be under the regulatory spotlight of the CFTC. The US government agency has sent a subpoena to Coinbase, demanding information on user accounts connected to Bybit. CFTC Targets Bybit Following its regulatory crackdown on Coinbase, the Commodity Futures Trading Commission (CFTC), appears to have […]