Coin Telegraph Report:
Bybit has made a significant move in the cryptocurrency market by listing the Hamster Kombat token for pre-trading. This announcement is part of Bybit’s strategic support for the emerging project of the Open Network (TON). Additionally, there have been some notable events and regulatory calls in the past 24 hours that have caught the attention of the cryptocurrency community.
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1. Bybit’s strategic plan
2. How scammers target Coinbase users?
3. Why cryptocurrency regulation in the UK is crucial now?
4. 4 key takeaways for cryptocurrency enthusiasts
Bybit’s strategic plan
Cryptocurrency exchange Bybit continues to strengthen its support for the TON innovative project by listing the Hamster Kombat token (HMSTR) for pre-trading. Bybit officially announced on July 8th that the HMSTR token is now available on its OTC platform. The platform facilitates trading for the new token before its official listing, allowing users to set quotes and trade at predetermined prices. Trading for HMSTR started at 1 pm on July 8th, and more details about the trading process are expected to be announced soon. Visit NEWSLINKER for the latest tech news.
How scammers target Coinbase users?
Last week, Coinbase users fell victim to a carefully orchestrated phishing scam, where impostors posing as Coinbase representatives stole $1.7 million from one victim. Tegan Kline, co-founder of Edge&Node, reported that her friend’s custody wallet was drained after falling for the scam and sharing a portion of their seed phrase. The scam involved emails mimicking official Coinbase communications, misleading victims into entering their seed phrases on fraudulent websites.
Although the victims only entered partial information, it was enough for the scammers to gain access to their wallets and steal funds. This incident highlights the importance of staying vigilant and cautious when receiving unexpected communications regarding cryptocurrency assets.
Why cryptocurrency regulation in the UK is crucial now?
With the Labour Party set to form a majority government in the UK, there is an increasing call for consistent regulation of crypto assets. Keld van Schreven, co-founder and managing director of KR1, emphasized the need for a comprehensive regulatory framework to solidify the UK’s position as a global cryptocurrency hub. He acknowledged significant progress has been made but stressed the need for further efforts.
Bivu Das, Kraken’s UK Managing Director, expressed optimism that the new government will continue to support innovation and growth in the blockchain space. He believes this is a key opportunity for the UK to enhance its position as a leading jurisdiction for blockchain innovation.
Key takeaways for cryptocurrency enthusiasts
Bybit has strengthened its support for the TON project by listing the Hamster Kombat token for pre-trading. Coinbase users should be aware of phishing scams and avoid sharing any part of their seed phrases. The UK cryptocurrency industry advocates for consistent and supportive regulatory policies under the new government. Ongoing innovation and regulatory clarity are crucial for the UK’s ambition to become a global cryptocurrency hub.
These developments highlight the dynamic and rapidly evolving nature of the cryptocurrency market, requiring all stakeholders to remain vigilant and adaptable.
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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware of the high volatility of cryptocurrencies and should conduct their own research.
