Bybit kicks off USDT festival with 1.5 million USDT in prizes
Bybit, the world's second-largest cryptocurrency, celebrates financial innovation with the Bybit USDT Festival in a series of events catering to diverse users. From Bybit Card holders to trading pros, Bybit users and community members are sharing over 1.5 million USDT in prizes through
Binance named “Best Crypto App” at Sensor Tower APAC Awards 2024
Binance, the global blockchain ecosystem behind the world's largest cryptocurrency exchange by trading volume and users, is proud to announce that it has been awarded the title of "Best Crypto App" at the prestigious Sensor Tower APAC Awards 2024. Binance was recognized as the top application
Crypto sell-off deepens as weak economic data dampens risk-taking
By Ankur Banerjee, Surbhi Misra, Niket Nishant and Medha Singh, Amanda Cooper, and Ira Iosebashvili (Reuters) - U.S.-listed shares of crypto-linked companies slumped as bitcoin fell more than 15% on Monday, after weak economic data last week triggered fears of a
Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down
By Dietrich Knauth NEW YORK (Reuters) - Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital Currency Group, with no recovery
What is bitcoin’s ‘halving’, and does it matter?
By Elizabeth Howcroft and Tommy Reggiori Wilkes, LONDON (Reuters) - As bitcoin's price reaches new heights, attention is turning to its upcoming "halving" and whether it is playing a role in its ascent. Depending on where you sit, the halving is a
Bitcoin hits $50k level for first time in more than two years
By Hannah Lang and Elizabeth Howcroft WASHINGTON/LONDON (Reuters) - Bitcoin hit the $50,000 level for the first time in more than two years as the world's largest cryptocurrency was buoyed by expectations of interest rate cuts later this year and last
Crypto exchange Gemini says bankrupt Genesis moves to authorize sale of trust assets
By Gursimran Kaur (Reuters) - Cryptocurrency exchange Gemini Trust Co said on Saturday that crypto lender Genesis has filed a motion in U.S. Bankruptcy Court authorizing a sale of trust assets and seeking authorization to monetize its interests in two Grayscale
Spot bitcoin ETFs to start trading in big boost to crypto industry
By Manya Saini and Niket Nishant (Reuters) - Several exchange-traded funds (ETFs) tied to the spot price of bitcoin will start trading in the U.S. on Thursday before the bell in a landmark moment for the cryptocurrency industry that has been
Cryptoverse: ‘Layer two’ tokens enjoy new life as bitcoin soars
By Medha Singh and Lisa Pauline Mattackal (Reuters) - It's next-level stuff. "Layer 2" cryptocurrencies native to projects built on top of "layer 1" blockchains such as Bitcoin and Ethereum - have found a new lease of life after a year