Cryptocurrency News Today TheBitTimes.com

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a Valentine’s Day cashback promotion for Bybit Card users, as outlined in the reports shared with Finbold on Friday, February 7.  On February 14, 2025, Bybit Card holders will have a chance to earn 14% cashback, or up to 10 Tether (USDT), on eligible transactions.  To become eligible for cashbacks, users will have to register between February 7 and 14, 2025 and use their Bybit Card anytime on February 14, from 12:00 AM to 11:59 PM UTC. Picks for you Binance traders send test token (TST) to the moon during live demo 16 hours ago Ethereum’s 'most explosive breakout' in the cards as key pattern holds 17 ho...

Ben Zhou, Bybit’s CEO, said residents of mainland China can access the crypto exchange with a VPN and bypass restrictions from China’s government while stressing that it will not accept the Yuan national currency. The company blocks IP addresses from mainland China but began allowing overseas Chinese users to sign up for the exchange back in June. As reported by the South China Morning Post, Zhou stated that Bybit wouldn’t trade yuan but noted that mainland residents can use a VPN. He claimed the risks of allowing mainland Chinese residents to trade on their platform were “acceptable.” Zhou additionally stated, “What the Chinese government dislikes the most about crypto is that it can facilitate capital outflow, so we won’t touch this red line.” China currently bans cryptocurrency trading, but Hong Kong allows it through licensed crypto exchanges. Zhou also claimed that Bybit is planning to reapply for that Hong Kong license at the start of 2025 and intends to f...

Layer-1 chain Sui is igniting another leg of its rally, brushing up against all-time highs while its network sees more growth. At time of writing, SUI is up 140% in the last 30 days, and 266% from its yearly low hit in August. According to blockchain explorer Artemis, daily transactions on the Sui blockchain have more than doubled since October began, going from 4.1 million to over 9 million at time of writing. Early Monday morning, crypto exchange Bybit announced support for Sui on its Launchpool platform, making Sui only the second chain available on the service after Mantle (MNT). Says Emily Bao, head of spot and Web3 at Bybit, “Recently, with the strong development of the SUI ecosystem, we quickly listed the NAVI protocol, a leading project in the SUI ecosystem, and introduced staking for the SUI token pool on our Launchpool. This marks Bybit’s first mining pool beyond the Mantle ecosystem native tokens, and SUI is just the beginning. Moving forward, we wil...