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Bybit pauses EEA operations due to changing regulations, anticipates compliance

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is temporarily adjusting the availability of its services in the European Economic Area (EEA) to ensure compliance with evolving regulations, based on information shared with Finbold on Friday, December 13. In an effort to maintain transparency and regulatory compliance, Bybit has announced that it is actively pursuing a Markets in Crypto-Assets Regulation (MiCAR) license in Austria. With this license, Bybit will be eligible to offer secure and compliant services in the EEA that align with strict European standards. Compliance-based approach and the difficulty of the decision Ben Zhou, the co-founder and CEO of Bybit, commented on the decision: Picks for you If you invested $1,000 in Dogecoin at the start of 2021, you’d have this much now ...

Over $1 billion inflows into Pnut in a day; Should you follow suit?

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Meme cryptocurrencies are witnessing increasing investor interest, and the newly created Peanut the Squirrel (PNUT) is standing out with significant buying pressure. PNUT was trading at $1.67 at press time, showing astonishing gains of over 240% in the past 24 hours. On the weekly chart, the token has rallied over 1,200%. The Solana (SOL)-based meme coin currently has a market capitalization of $1.69 billion, translating to an inflow of $1.25 billion in the last 24 hours. This momentum has seen PNUT break into the top 100 cryptocurrencies by market cap, ranking in the 58th spot. Picks for you Wall Street turns bullish on Ethereum with record inflow to ETH ETFs 1 hour ago Crypto trader misses out on $24 million selling PNUT early for $681 l...