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Grab is making significant strides in the autonomous vehicle (AV) sector, with plans for a hybrid AV-human fleet and a focus on AI to enhance its advertising business. Despite a revenue increase in its financial services, the segment remains unprofitable, raising concerns among analysts. Meanwhile, Indonesia has launched a Temasek-like investment arm, Danantara, with an initial funding of $20 billion aimed at driving economic growth through large-scale projects.
Bybit, a major cryptocurrency exchange, has suffered a $1.5 billion theft, marking one of the largest digital heists in history. An attacker exploited security during a routine transfer of Ethereum, prompting a surge in withdrawal requests from its 60 million users. The company reassured customers of its solvency and is seeking cybersecurity experts to recover the stolen funds, offering a 10% reward for any recovery.
Dubai-based cryptocurrency exchange Bybit has suffered a historic $1.5 billion ether heist after hackers gained control of an ether cold wallet, leading to a surge in withdrawal requests. CEO Ben Zhou assured users that all other wallets are secure and that the exchange remains solvent, with plans to cover the loss if necessary. The company is collaborating with blockchain forensic experts to trace the stolen funds and has reported the incident to the appropriate authorities.
Bybit has temporarily suspended its services in India due to new regulatory pressures, effective January 12. Indian users will be unable to trade or open accounts, but fund withdrawals will remain open, and existing derivatives positions will be in "Close-Only" mode. The exchange is actively seeking a license to operate legally in India and expects to resume services soon.
Bybit has announced a temporary suspension of its crypto trading services in India, effective January 12, due to regulatory pressures. Users will be unable to open new trades or access certain products, although existing positions can be managed in Close-Only mode. The exchange is working towards obtaining a license to operate in India and expects to finalize its registration as a virtual digital asset service provider soon.
Bybit is pursuing a Markets in Crypto-Assets Regulation (MiCAR) license in Austria to enhance compliance with European standards and user protection. In the interim, the exchange has temporarily ceased communication with the EEA region to avoid breaching reverse solicitation rules, while ensuring existing customers retain access to their assets. Once licensed, Bybit aims to fully engage with EEA clients, reinforcing its commitment to a compliant and secure trading environment.
Bybit, the second-largest cryptocurrency exchange, is temporarily adjusting its operations in the European Economic Area (EEA) to ensure compliance with evolving regulations. The company is pursuing a Markets in Crypto-Assets Regulation (MiCAR) license in Austria, aiming to enhance user protection and maintain a secure trading environment. Existing customers can still access their crypto assets while Bybit focuses on obtaining the necessary licenses to resume full operations in the region.
Bybit, the second-largest cryptocurrency exchange, is temporarily adjusting its operations in the European Economic Area (EEA) to ensure compliance with evolving regulations, particularly regarding reverse solicitation. The company is pursuing a Markets in Crypto-Assets Regulation (MiCAR) license in Austria, aiming to enhance user protection and align with European standards. Existing customers can still access their crypto assets, and Bybit plans to re-engage with EEA clients once the necessary licensing is secured.
Bybit, the second-largest cryptocurrency exchange, is temporarily adjusting its operations in the European Economic Area (EEA) to ensure compliance with evolving regulations, particularly the reverse solicitation principle. The company is pursuing a MiCAR license in Austria to enhance user protection and align with European standards. Existing customers can still access their crypto assets, and Bybit aims to resume full operations in the EEA once the necessary licensing is secured.
Bybit, the second-largest cryptocurrency exchange, is temporarily adjusting its operations in the European Economic Area (EEA) to ensure compliance with evolving regulations, particularly the reverse solicitation principle. The company is pursuing a MiCAR license in Austria to enhance user protection and align with European standards. Once licensed, Bybit plans to re-engage with EEA clients while maintaining uninterrupted access to existing customers' crypto assets.
Ben Zhou
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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