76 days ago • nulltx
Bitcoin ETF Trading Volume Surges Amidst Price Rally
In a resurgence of activity, Bitcoin’s ETF trading volume has soared in mid-February, surpassing $1.8 billion per day across the seven most prominent ETFs: GBTC, IBIT, FBTC, ARKB, BTCO, BITB, and HODL. This surge in trading volume coincided with Bitcoin’s breach of the $50,000 mark earlier this week, signaling a […]
102 days ago • cryptopotato
New Non-Custodial Telegram Trading Bot Bitbot Raises $300k In First 72 Hours Of Presale
[PRESS RELEASE – New York, USA, January 24th, 2024] Within 72 hours of its presale launch on the 17th of January, Bitbot raised an incredible $300,000. Bitbot aims to lead the market for Telegram trading bots, a rapidly growing segment of the trading app market that has seen a considerable $7 billion in lifetime trading […]
142 days ago • cryptopotato
Bitboost Revolutionizes Bitcoin with Programmable Asset Protocols
[PRESS RELEASE – New York, America, December 15th, 2023] In the sphere of Bitcoin’s on-chain assets, a groundbreaking paradigm emerges with Bitboost’s exploration of programmability, transforming Bitcoin into a dynamic asset playground. Protocols such as Ordinals, BRC-20, and Atomicals have significantly enriched Bitcoin’s on-chain assets, offering a novel approach to scaling Bitcoin: utilizing Bitcoin as […]
194 days ago • cryptodaily
Coins.ph Reportedly Loses $6 million Worth of XRP Due To Exploit
Data from XRP Scan reveals that the threat actor stole the tokens from Coins.ph before sending them out through OKX, WhiteBIT, OrbitBridge, SimpleSwap, ChangeNOW, and Fixed Float among others.
246 days ago • cointelegraph
SEC delays BTC ETF decision, Grayscale triumphs SEC, and BitBoy gets the boot: Hodler’s Digest, Aug 27 – Sept 2
Keep track of Grayscale’s victory over the SEC, Ben Armstrong getting the boot and delays for spot Bitcoin ETFs.
251 day ago • cryptodaily
BitBoy Crypto Parts Ways With YouTuber Ben Armstrong
BJ Investment Holdings, the parent company of the Hit Network that controls BitBoy Crypto, has announced that it has severed ties with YouTuber and Influencer Ben Armstrong.
The company made the announcement on X and made several strong allegations attacking the crypto influencer’s character.
A Parting Of Ways
The announcement about the removal of Ben Armstrong was confirmed on X by BitBoy Crypto. According to the announcement, BJ Investment Holdings took decisive legal action to Remove Ben from the company and, more specifically, the BitBoy Crypto Brand.
“Yesterday, BJ Investment Holdings, the parent company of Hit network, took decisive legal action in removing Ben Armstrong from the company, and specifically the Bitboy Crypto brand.”
The reasons were revealed in a longer and more detailed YouTube announcement. According to a company spokesperson, the decision was made after several efforts to assist Ben Armstrong “during his relapse into substance abuse.” The spokesperson also expressed regret at the end of the business relationship between the company and Armstrong. The firm had earlier claimed that Armstrong had inflicted considerable emotional, physical, and financial damage on people in the space and on Hit employees. While the allegations include serious and personal allegations against Armstrong, the influencer has not spoken out or confirmed them himself.
However, the BenCoin account on X responded to the news in a post that it claimed was written by Armstrong. However, it is still being determined as of now if Armstrong, indeed, was the one who wrote the message.
“This is Ben. TJ Shedd & Justin Williams have attempted a coup at my company. Just confirming what is going around. It’s true. There has been a mutiny at BitBoy Crypto & Hit Network. But it won’t work. They have no leverage. Until they can clone me, I have nothing to worry about.”
Possible Reasons?
The announcement by BitBoy Crypto did not elaborate or point to any specific incidents that could have contributed to the end of its business relationship with Armstrong. However, the YouTuber and crypto influencer was involved in a class-action lawsuit after investors claimed that he and other influencers promoted the now-bankrupt FTX exchange without revealing compensation from the exchange. Court filings also suggested that Armstrong issued several threats against lawyers who were representing the plaintiffs. He had also openly mocked a federal judge’s authority by failing to appear in court as ordered. The case was stayed on the 16th of June.
Armstrong also insulted several high-profile figures using his platforms, with over 1 million subscribers on X and YouTube. These figures included Christine Lagarde, the president of the European Central Bank, and Gary Gensler, the United States Securities and Exchange Commission (SEC) Chair. He had also filed a defamation suit against YouTuber Erling Mengshoel Jr, also called “Atozy.” However, he later dropped the case after Atozy managed to raise around $200,000 for his defense.
Social Media Users React
Many users on YouTube and X reacted in support of Armstrong following the announcement on X. They also expressed some concerns about the future of the BitBoy Crypto brand, given Armstrong was its most popular and recognizable face. One user on X stated,
“I remember when I first got into crypto... I was still trading on Coinbase, I listened to bitboy tell me what coins to buy, and my charts were so full of indicators I could hardly see the candlesticks. It’s crazy how fast things can change in three days.”
Many users on the YouTube livestream were unhappy with Armstrong’s removal, with many demanding the host’s return. However, the mood on Reddit was in stark contrast with that on the YouTube live stream, with many users cheering the news. It is also unclear if any of Armstrong’s previous legal problems led to the company parting ways with him. Authorities have been targeting crypto influencers globally for promoting fraudulent projects following the collapse of FTX.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
251 day ago • cryptodaily
BitBoy Crypto Parts Ways With YouTuber Ben Armstrong
BJ Investment Holdings, the parent company of the Hit Network that controls BitBoy Crypto, has announced that it has severed ties with YouTuber and Influencer Ben Armstrong.
The company made the announcement on X and made several strong allegations attacking the crypto influencer’s character.
A Parting Of Ways
The announcement about the removal of Ben Armstrong was confirmed on X by BitBoy Crypto. According to the announcement, BJ Investment Holdings took decisive legal action to Remove Ben from the company and, more specifically, the BitBoy Crypto Brand.
“Yesterday, BJ Investment Holdings, the parent company of Hit network, took decisive legal action in removing Ben Armstrong from the company, and specifically the Bitboy Crypto brand.”
The reasons were revealed in a longer and more detailed YouTube announcement. According to a company spokesperson, the decision was made after several efforts to assist Ben Armstrong “during his relapse into substance abuse.” The spokesperson also expressed regret at the end of the business relationship between the company and Armstrong. The firm had earlier claimed that Armstrong had inflicted considerable emotional, physical, and financial damage on people in the space and on Hit employees. While the allegations include serious and personal allegations against Armstrong, the influencer has not spoken out or confirmed them himself.
However, the BenCoin account on X responded to the news in a post that it claimed was written by Armstrong. However, it is still being determined as of now if Armstrong, indeed, was the one who wrote the message.
“This is Ben. TJ Shedd & Justin Williams have attempted a coup at my company. Just confirming what is going around. It’s true. There has been a mutiny at BitBoy Crypto & Hit Network. But it won’t work. They have no leverage. Until they can clone me, I have nothing to worry about.”
Possible Reasons?
The announcement by BitBoy Crypto did not elaborate or point to any specific incidents that could have contributed to the end of its business relationship with Armstrong. However, the YouTuber and crypto influencer was involved in a class-action lawsuit after investors claimed that he and other influencers promoted the now-bankrupt FTX exchange without revealing compensation from the exchange. Court filings also suggested that Armstrong issued several threats against lawyers who were representing the plaintiffs. He had also openly mocked a federal judge’s authority by failing to appear in court as ordered. The case was stayed on the 16th of June.
Armstrong also insulted several high-profile figures using his platforms, with over 1 million subscribers on X and YouTube. These figures included Christine Lagarde, the president of the European Central Bank, and Gary Gensler, the United States Securities and Exchange Commission (SEC) Chair. He had also filed a defamation suit against YouTuber Erling Mengshoel Jr, also called “Atozy.” However, he later dropped the case after Atozy managed to raise around $200,000 for his defense.
Social Media Users React
Many users on YouTube and X reacted in support of Armstrong following the announcement on X. They also expressed some concerns about the future of the BitBoy Crypto brand, given Armstrong was its most popular and recognizable face. One user on X stated,
“I remember when I first got into crypto... I was still trading on Coinbase, I listened to bitboy tell me what coins to buy, and my charts were so full of indicators I could hardly see the candlesticks. It’s crazy how fast things can change in three days.”
Many users on the YouTube livestream were unhappy with Armstrong’s removal, with many demanding the host’s return. However, the mood on Reddit was in stark contrast with that on the YouTube live stream, with many users cheering the news. It is also unclear if any of Armstrong’s previous legal problems led to the company parting ways with him. Authorities have been targeting crypto influencers globally for promoting fraudulent projects following the collapse of FTX.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
304 days ago • cryptodaily
LADYS Options on BIT Exchange paves new retail trading highway for meme coins
DUBAI, DUBAI, July 6th, 2023, ChainwireThe options trading market gets another boost thanks to yet another collaboration between the cryptocurrency derivatives exchange BIT and the duo of Darley Technologies and DWF Labs.Just recently, BIT rolled out options tied to Cardano's ADA token in collaboration with strategic partner Darley Technologies and market maker DWF Labs. Today, LADYS Options marks a significant milestone in the industry as the world's first Meme-coin Options brought to the market for both institutional and retail traders.Options might be seen as an intimidating instrument for new traders or existing spot traders. This type of derivative gives the trader the right to buy or sell an underlying asset at a certain price on or before a specific date. The core functionalities of options are binary: the right to buy the asset is a call option, and the right to sell it is a put option."Our intention is to simplify access to options trading for all traders, providing an interface that is simple to understand and instruments that are in line with what communities are passionate about. Meme-coins are an excellent way to engage people to learn options trading" said Andrei Grachev, the Managing Partner of DWF Labs."We are proud to announce the listing of LADYS options as the world's first meme-coin options, made possible through the support of our esteemed partners, Darley Technologies and DWF Labs." Said Justin Buitendan, the Global Head of Institutional Sales of BIT, "Meme coins have experienced rapid growth, and we are thrilled to provide our clients with an additional avenue to enhance their trading strategies. LADYS options mark the starting point of an exciting journey, and there are more exciting opportunities on the horizon."The incredible popularity of the LADYS token, as well as the sudden sprout of related projects, made it the perfect candidate for the first Meme-coin Option to be traded, thanks to the alliance between BIT, DWF Labs, and Darley Technologies.About BITBIT is a full-featured cryptocurrency exchange that is designed for use by professionals, with advanced risk management and fund efficiency supported by Portfolio Margin and Unified Margin.BIT was launched in August 2020 as an affiliate to Matrixport, a prominent crypto financial service company. BIT is one of the top crypto options trading platforms which offer innovative USD-margined trading pairs.About Darley TechnologiesDarley Technologies is a pioneering liquidity provider for options trading in the cryptocurrency space, with a mission to provide deep and reliable liquidity at competitive prices. Based in Zug, Switzerland, the heart of Europe’s blockchain ecosystem, Darley Technologies brings together teams of highly experienced scientists, developers and traders to design and engineer the most advanced network infrastructures, technology and trading algorithms, enabling it to successfully execute its mission across multiple venues worldwide.About DWF LabsDWF Labs is a global digital asset market maker and multi-stage web3 investment firm, providing support from token listing to market making to OTC trading solutions. DWF Labs seeks to invest and support bold founders who want to build the future of Web3.DWF Labs is present in Singapore, Switzerland, South Korea, the BVI, and the UAE and trades almost 2,000 pairs with a daily volume that places DWF Labs among the top 5 ranking entities trading on the world’s top 40 exchanges.Website | Portfolio | Linkedin | Twitter | Telegram | MediumContactManaging Partner DWF LabsAndrei [email protected]
341 day ago • cryptodaily
ByBit Joins Long List Of Crypto Exchanges To Exit Canada
ByBit has become the latest cryptocurrency exchange to exit Canada and plans to shutter all services and products offered in the country. The announcement was made on the 30th of May.
ByBit joins a growing list of cryptocurrency exchanges that are exiting Canada, citing an unfavorable regulatory environment.
ByBit To Shutter Canadian Operations
ByBit added that Canadian users would be unable to access any services and products offered by the exchange. Furthermore, Canadian users will also be unable to open new accounts on the exchange starting from the 31st of May. The exchange announced the news in a blog post, stating,
“It has always been Bybit’s primary objective to operate our business in compliance with all relevant rules and regulations in Canada. In light of recent regulatory development, Bybit has made the difficult but necessary decision to pause the availability of our products and services.”
Additionally, existing users will not be able to trade or make deposits on the platform after the 31st of July, 2023. The exchange also asked its users in Canada to close out their positions by the 30th of September. Failure to wind down the positions would result in the automatic liquidation of any and all positions in both derivative contracts and margin products.
“Canadian Customers who are implicated by these measures should take steps by the 30th of September, 2023, 8 AM UTC, to wind down and manage their positions. Failing which, open positions in any margin products and derivative contracts, including the following products listed below, will be liquidated, and the liquidated funds will be available for withdrawal.”
A Mass Exodus
ByBit becomes the latest in a long line of cryptocurrency exchanges that have chosen to leave the Canadian markets, citing the unfavorable regulatory environment prevailing in the country. Canada had imposed several new regulations on the crypto industry in the country and given exchanges the option of complying with them or leaving the markets. The new rules bar crypto exchanges from offering any type of leverage, including margin and credit.
Furthermore, exchanges were also prevented from allowing the purchase or deposit of stablecoins without obtaining prior written consent from regulators, leading to a de-facto ban on stablecoins in the country. This de-facto ban on stablecoins is the primary driver of the mass exodus of cryptocurrency exchanges from the country. Some of the notable exits include Paxos, dYdX, Bittrex, OKX, and Binance.
Binance had halted its services for Canadian users under similar circumstances back in May, stating that the current regulatory landscape made operations unfavorable. The exchange had stated at the time,
“Unfortunately, new guidance related to stablecoins and investor limits provided to crypto exchanges makes the Canadian market no longer tenable for Binance at this time. We put off this decision as long as we could to explore other reasonable avenues to protect our Canadian users, but it has become apparent that there are none.”
OKX had announced the suspension of services in Canada as early as March. This was followed by dYdX and Paxos in April, with both announcing they were withdrawing from the Canadian markets.
Not All Exchanges Eying An Exit
However, not all exchanges are looking to exit the Canadian markets and have decided to comply with the new regulations, despite the restrictions. Kraken and Coinbase are two of the major exchanges that have pledged to continue operations in Canada and have gone on record to state they would comply with the new rules. Coinbase Canada, the exchange’s Canadian arm, has signed a pre-registration undertaking (PRU) with regulators and has pledged to help create a strong regulatory framework.
“We applaud the Canadian securities regulators’ efforts to bring clarity to the industry and look forward to continuing our collaboration with them on regulation that protects consumers while embracing innovation.”
Coinbase vice-president of international and business development, Nana Murugesan, stated that the Canadian approach to crypto is better than America’s because the rules are clearly defined.
“There’s a couple of ways we see regulators acting: one is regulation by engagement; the other one is regulation by enforcement. The latter part is tough because you don’t know what the rules are. But the Canadian regulator is definitely the former, which is regulation by engagement – which we love.”
Kraken also made its intention of staying in the Canadian markets clear by announcing that it had filed a PRU with Canadian regulators. Kraken pointed out an OSC survey stating that 31% of Canadians planned to buy crypto next year as the main reason to stay in the market. Other exchanges that have filed a PRU with Canadian regulators include Gemini, Shakepay, and BitBuy. BitBuy is one of the top exchanges in Canada and was brought under the regulatory umbrella much before others, such as Kraken, Coinbase, and Gemini.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.