Author: Coindesk
“It has always been Bybit’s primary objective to operate our business in compliance with all relevant rules and regulations,” the company said in its release. “In light of recent regulatory developments from the French regulator, Bybit will stop offering our products and services to French nationals and residents.” Read the full article here
Hong Kong investors who open accounts in August and deposit HK$10,000 ($1,280) in the next 60 days can receive either bitcoin worth HK$600, a HK$400 supermarket voucher or a single Alibaba share. Investors depositing $80,000 can choose either HK$1,000 in bitcoin or an Nvidia share, the report said. Read the full article here
“The reserve risk continues to remain in the green zone, which means buying BTC at the current levels still offers an extraordinary reward to risk. Investing in bitcoin during periods where the reserve risk in the green zone has produced outsized returns over time,” MintingM, a crypto research firm based in India, told CoinDesk. Read the full article here
“And so as the final part of my plan today, I am announcing that if I am elected, it will be the policy of my administration, United States of America, to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future, we’ll keep 100%,” Trump said. “I hope you do well, please. This will serve, in effect, as the core of the strategic national bitcoin stockpile.” Read the full article here
“While we can’t speak for other crypto lenders, we estimate that Ledn is likely now responsible for more than 50% of the retail loan originations given the fall out of the other lenders, which signifies the growing acknowledgement, trust, and consequent demand for digital assets from retail investors,” CEO Adam Reeds said in an email to CoinDesk. “Overall, we see the surge in retail loans as an indicator of continued evolution and maturity of the crypto sector as a whole, rapidly establishing it as a fully viable alternative to traditional finance and banking.” Read the full article here
“We need to bridge the gap for DeFi and make the actual integration into the fintech world, and Ribbit was an obvious partner for that,” Frambot said. “Already there are incredible synergies in what we could achieve together for potential integrations in the real world, and not just like crypto leverage use case, which is, frankly, most of the use case of DeFi lending right now.” Read the full article here
Led by Executive Chairman Michael Saylor, the company disclosed July 31 bitcoin holdings of 226,500 tokens, up a handful of coins since the latest purchase announcement in mid-June. Those 226,500 bitcoins were acquired for $8.3 billion or an average of $36,821 per token. At the current price of $63,500, those assets are worth about $14.4 billion. Read the full article here
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The crypto exchange said its second quarter total revenue was $1.45 billion versus average estimate of about $1.4 billion, according to FactSet. However, the second quarter adjusted Ebitda of $596 million came in lower than the consensus of $607.7 million. Read the full article here
Galaxy is among the issuers of spot bitcoin and ether ETFs in the U.S., which it has listed in partnership with investment manager Invesco. The bitcoin ETF (BTCO) has assets under management of $525 million, while its ether equivalent (QETH) holds $15.3 million, according to data by TradingView. Total assets under management at Galaxy Asset Management were $4.6 billion. Read the full article here