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Bybit Web3 Shatters Barriers: Introducing an All-in-One Marketplace for Bitcoin and EVM Inscriptions

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DUBAI, UAE, Feb. 5, 2024 /PRNewswire/ — Bybit, the world’s third largest crypto exchange by volume, is set to inscribe the future with the launch of an integrated inscription marketplace supporting both Bitcoin (BTC) and Ethereum Virtual Machine (EVM) ecosystems. The marketplace will enable users to mint and trade inscriptions on multi-chains, unlocking unprecedented possibilities for the global Web3 community.

Bybit Web3 has also entered into a strategic partnership with UniSat and is set to integrate UniSat, with full deployment on the horizon. Users and developers will soon be able to seamlessly connect to the inscription ecosystem through Bybit Web3, offering a comprehensive one-stop platform.

The crypto community has recently witnessed a surge in interest surrounding ordinal inscriptions, where data such as images, videos, and text are directly engraved onto the Bitcoin blockchain. Bybit Web3’s Inscription Marketplace is at the forefront of this movement, providing users with a seamless experience to engage with the evolving Web3 landscape and the larger inscription ecosystem.

With this groundbreaking integration, Bybit Web3 aims to connect over 1 million Web3 wallet users to the existing 20 million users within the Bybit ecosystem. This partnership will create an extensive network, fostering collaboration and inclusivity within the rapidly expanding Web3 community.

Phase 1: Bybit Web3 Adds BRC and EVM Inscriptions

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On February 1st, Bybit Web3 team extended a warm welcome to BRC-20 and EVM inscriptions including AVAX, Ethereum (IERC-20), Polygon, Fantom, and Mantle into its Inscription Marketplace. Simultaneously, Bybit Web3 will consolidate liquidity from all inscription marketplaces across primary and secondary markets, transforming Bybit Web3 into the largest liquidity provider and ecosystem for the inscription economy.

Phase 2: Expanding Horizons through Bybit Web3

In Phase 2, Bybit’s Inscription Marketplace will expand and include ARC-20, BRC-420 Ordinals, Bitcoin NFTs. Inscription enthusiasts can access and participate in various inscription marketplaces through a simple, unified experience on a single page.

This signifies that all Web3 users can look forward to accessing both BTC and EVM inscription assets conveniently from a single page and click, gaining access to one of the most extensive and most accessible arrays of multi-chain connected inscription marketplaces. This initiative positions Bybit Web3 as the ultimate destination, serving as the one-stop shop for all inscription assets and opportunities.

Ben Zhou, Co-founder & CEO of Bybit, expressed the company’s commitment to enhancing user experience through the newly launched Bybit Inscription Marketplace.

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“We hope to provide users with a one-stop gateway through the Bybit Inscription Marketplace, facilitating the exploration and experimentation with inscription tokens and enjoying their dividends to support industry development. The simplified process aims to make the overall user experience more straightforward and enjoyable.” This reflects Bybit’s dedication to simplifying the user journey, embracing a fair launch and equal access as well as fostering innovation within the industry,” added Zhou.

#Bybit / #TheCryptoArk

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 1-million wallet users, over 10 major ecosystem partners, and counting. 

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 20 million users globally.

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Join the revolution now and open the door to your Web3 future with Bybit.

About Bybit

Bybit is a top-three cryptocurrency exchange by volume with 20 million users established in 2018. It offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Logo – https://mma.prnewswire.com/media/2311075/Bybit_Web3_Logo.jpg

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Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches

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Sarah Brennan, an accomplished figure in corporate and securities law, serves as General Counsel at Delphi Ventures, focusing on investments in the Web3 space. With over 14 years of experience in securities law and a deep involvement in digital assets since 2017, Brennan also co-leads LeXpunK, a collective dedicated to establishing legal frameworks for decentralized digital communities.

In a candid interview with a prominent cryptocurrency news outlet, Brennan discussed various critical topics. She addressed the emergence of crypto super PACs, funded significantly by major firms like Ripple and Circle, to counter strict SEC regulations. Brennan viewed the SAB 121 bill, backed by the US administration, as potentially isolating the crypto community from broader financial integration.

While acknowledging the influence of centralized entities in advocating for crypto interests, Brennan cautioned against replicating traditional financial hierarchies within the crypto sphere, which contradicts its revolutionary ethos. She expressed concerns about monopolistic scenarios that could dominate the crypto landscape, exerting excessive control over essential industry components and traditional financial operations.

Regarding regulatory challenges, Brennan advocated for tailored regulations to manage systemic risks posed by large centralized crypto institutions. She criticized the current regulatory opacity and inconsistency, which she believes have fostered suboptimal business practices. Through LeXpunK, Brennan endeavors to pioneer experimental legal structures that could redefine regulatory compliance for token issuances, though reception from policymakers has been lukewarm.

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Looking ahead, Brennan emphasizes the need for proactive regulatory approaches using antitrust measures to prevent crypto monopolies, promote decentralization, and target bad actors. However, she highlighted the persistent communication gap between crypto-literate legal advocates and hesitant regulators as a significant obstacle.

Brennan continues to drive forward her mission through new advocacy platforms aimed at shaping the future of cryptographic regulation, navigating complexities to ensure balanced and effective regulatory frameworks in the evolving crypto landscape.

Source: shakirabrasil.info

The post Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches appeared first on HIPTHER Alerts.

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Italy Ramps Up Crypto Oversight in Line with MiCA

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Italy is preparing to strengthen its oversight of cryptocurrency markets to align with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This initiative, initially enacted in 2022, aims to impose stricter monitoring of digital asset markets, particularly targeting insider trading and market manipulation. Under the new decree, fines ranging from 5,000 to 5 million euros ($5,400 to $5.4 million) will be imposed based on the severity of violations, reinforcing compliance and market integrity.

For blockchain firms and decentralized finance (DeFi) protocols, MiCA presents significant challenges. These entities must decide between fully decentralizing their networks or complying with MiCA’s Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Fully decentralized networks are exempt from reporting requirements but risk non-compliance if they employ foundations or intermediaries moderating communities.

Centralized exchanges like Binance are adapting to MiCA by categorizing stablecoins as authorized or unauthorized, aligning with regulatory requirements without delisting these assets from spot markets. Uphold has similarly adjusted by delisting certain stablecoins for compliance purposes.

Despite regulatory pressures, experts are optimistic about stablecoins’ future. Figures like Jeremy Allaire, CEO of Circle, predict stablecoins could represent 10% of the money supply within a decade. They anticipate widespread adoption driven by benefits such as financial inclusion, lower remittance costs, and seamless cross-border commerce via public blockchains.

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This regulatory framework underscores the transformative potential of stablecoins and blockchain technology within the global financial system.

Source: coinfomania.com

The post Italy Ramps Up Crypto Oversight in Line with MiCA appeared first on HIPTHER Alerts.

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1inch Network Teams Up with Blockaid for Shield API

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1inch Network has collaborated with Blockaid to introduce the 1inch Shield API, a pioneering advancement in Web3 security. This collaboration aims to enhance user protection within decentralized finance (DeFi) by bolstering defenses against fraudulent tokens. Blockaid, renowned for its expertise in Web3 security solutions, utilizes advanced data analytics and machine learning to swiftly identify and flag scam tokens, safeguarding users from potential financial risks.

The 1inch Shield API also addresses compliance with Anti-Money Laundering (AML) regulations through continuous screenings of blockchain addresses. Powered by TRM Labs, this feature scrutinizes addresses for associations with sanctioned entities and illicit activities, preemptively restricting suspect addresses to prevent regulatory infractions.

Additionally, 1inch integrates Etherscan Pro’s blocklisting capabilities to proactively blacklist suspicious addresses, further fortifying its security measures.

This initiative marks a significant milestone in DeFi security, promising unparalleled levels of security and compliance. As 1inch continues to deploy this technology across its platform, it aims to provide developers and users with enhanced protection and confidence in navigating the Web3 landscape.

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Source: cryptotimes.io

The post 1inch Network Teams Up with Blockaid for Shield API appeared first on HIPTHER Alerts.

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