Canadian regulator will hold hearing against Bybit for alleged violations of securities law

The commission alleges Bybit exposes local investors “to unacceptable risks and create[s] an uneven playing field within the crypto asset trading platform sector.” The Ontario Securities Commission has issued a notice stating that it will be holding a hearing against Bybit regarding the crypto exchange allegedly “flouting” Canadian securities law. Read more…

Institutional selling of crypto reaches longest streak since Feb 2018

CoinShares’ weekly report showed another large outflow from digital asset products, with much of the selloff concentrated in Bitcoin funds. Institutional managers continued to take profits on their cryptocurrency holdings, with funds dedicated to Bitcoin (BTC) registering their sixth consecutive weekly outflows, according to CoinShares.  Outflows from digital asset investment Read more…

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