CryptoNews

Crypto Exchange Bybit Launches Derivatives Products in South Africa – Africa Bitcoin News

October 5, 2023
Bybit announced on Oct. 2 that it will be offering its crypto derivatives products in South Africa through Money Doc which acts as the crypto exchange’s “juristic representative.” The crypto exchange said its on-ramp service enables South African users to make deposits in local currency via bank transfers. Bybit’s ‘Juristic Representative’ Bybit, the United Arab Emirates (UAE)-based…
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Brazilian CVM Resolution Comes Into Effect, Allowing Funds to Allocate Part of Their Portfolios Into Crypto – Bitcoin News

October 4, 2023
The Brazilian Securities and Exchange Commission (CVM) has opened the doors for investment funds to invest in cryptocurrency. Resolution 175, drafted last year and coming into effect on October 2, defines the rules these institutions must follow to invest in crypto, with analysts predicting a rise in interest in the sector. Brazilian CVM Resolution 175 Comes Into Effect Resolution 175, introduced…
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Lido, Coinbase, and Rocket Pool Corner 89% of Ethereum's Booming $20 Billion Liquid Staking Market – Defi Bitcoin News

October 4, 2023
Since 2020, applications for liquid staking on the Ethereum blockchain have seen steady growth, and as of the first week of October 2023, a total of 23 liquid staking derivatives (LSD) platforms hold 12.4 million ether, valued at over $20 billion. Currently, the top three LSD protocols hold sway over 11.041 million ETH, accounting for a substantial 89.18% share of the overall ether locked. 3 LSDs…
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Grayscale Moves to Convert Ethereum Trust to Spot ETF Amid Surge in ETH Futures ETF Launches – Bitcoin News

October 3, 2023
Grayscale Investments, the largest digital asset fund manager by assets under management (AUM), has filed to convert its Ethereum Trust into a spot ether exchange-traded fund (ETF). The news follows ether futures ETFs from Vaneck, Bitwise, and Proshares launching on Monday. Grayscale’s Ethereum Trust on Path to Become Spot Ether ETF On October 2, 2023, Grayscale announced it has submitted a Form…
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