Canadian Regulator Adds Bybit to Crypto Exchange Crackdown – Decrypt
In brief
The OSC says it reached out to Bybit in March but heard nothing.
A hearing is scheduled for July 15.
Author: CoinCap
Bank of Israel deputy governor confirms digital shekel pilot is underway
The Bank of Israel has reportedly already issued a central bank digital currency through a pilot test of a digital shekel.
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Polywhale Finance founders accused of rug pull amid abrupt shut down
Developers of Polywhale Finance, a leading yield farm on the Polygon network, have abandoned the project in what appears to be an elaborate exit scam worth over $1 million, cryptocurrency news outlet Crypto Briefing reported Monday.
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Stablecoin inflows to exchanges dip as traders watch Bitcoin from the sidelines
The growth of stablecoin’s market cap and circulating supply has been one of the best indicators for attaining a general pulse on how participants in the market are feeling during bullish and bearish times.
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This Crypto Project Accounts for Half of All US Regulator Penalties Since 2009 – Decrypt
In brief
U.S. regulators have penalized crypto companies to the tune of $2.5 billion since 2009, the year Bitcoin was invested.
Most of that total comes from lawsuits filed by the U.S. Securities and Exchange Commission against ICOs.
The cryptocurrency industry has been hit with $2.
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Is DeFi season back? Stablecoin ‘yield’ deposits nearly doubled last month even as Bitcoin crashed
Is DeFi season back? Stablecoin ‘yield’ deposits nearly doubled last month even as Bitcoin crashed
Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more.
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Ethereum Transaction Fee Revenue at Lowest Level in a Year – Decrypt
In brief
Transaction fees and miner revenue increased with the onset of “DeFi Summer.”
As network congestion has eased, transaction fees have declined.
Perhaps Yogi Berra was thinking ahead to Ethereum when he said, “Nobody goes there anymore—it’s too crowded.
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Sotheby’s Will Take Bitcoin Bids for Diamond Auction | Crypto Briefing
Key Takeaways
Sotheby’s is auctioning a diamond valued above $10 million.
The successful bidder will be able to pay in Bitcoin (BTC), Ethereum (ETH), or standard fiat currency.
This is the first time that such a high-value physical item has been sold by an auction house for cryptocurrency.
Canadian regulator will hold hearing against Bybit for alleged violations of securities law
The Ontario Securities Commission has issued a notice stating that it will be holding a hearing against Bybit regarding the crypto exchange allegedly “flouting” Canadian securities law.
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Data shows Bitcoin bears dominate Friday’s $2.5B BTC options expiry
Bitcoin (BTC) price dropped roughly 22% over the past 7 days, retesting the $31,700 area for the second time in June.
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