Crypto Exchange
South Korean cryptocurrency exchange Bithumb accidentally distributed around $44 billion worth of bitcoin to customers during a promotional event, causing temporary market volatility. The exchange quickly recovered most of the funds and assured users of no security breaches. Regulators have launched inspections into the incident.
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Cryptocurrency exchange Bybit has reentered the UK market after exiting in 2023 due to stricter regulations on crypto promotions. The platform, the second-largest by trading volume, now offers spot trading on 100 currency pairs under a compliant framework. This move comes as the UK government plans a dedicated crypto rulebook by 2027.