The news broke: Bybit is pulling back from its Web3 ventures, shuttering services left and right. April 28 th, 2023 and May 31 st, 2023 were momentous dates. Perhaps they will be the first indication of a reappraisal of our enthusiasm for the headlong dive into all things “Web3.” Is...
Even Bybit — a market-leading crypto exchange and Web3-native company — just made headlines with its announcement to wind down its Web3 services. This change has generated a lot of debate and conjecture among the crypto community. While Bybit cites a "refocused push toward innovation and scalability in the onchain...
Bybit will soon stop providing most of its Web3 offerings. This comprises the Cloud Wallet, Keyless Wallet, NFT marketplace, multi-chain decentralized exchange (DEX) DEX Pro, and the Swap & Bridge cross-chain swap widget. This decision is made all the more poignant as the company shifts its strategic priorities to improving...
The news hit the crypto-sphere like a rogue transaction: Bybit, a major player, is pulling the plug on several of its Web3 services. Notice of the shutdown dates are posted, some as soon as April 28th, others by May 31st. Whether this is a strategic masterstroke or a broader fumble...
It’s been a very trippy week in the world of cryptocurrency. With some tokens experiencing double-digit percentage drops in price, a leading centralized exchange getting hacked, and new regulatory actions shaking the scene in the United States, digital assets ranging from EOS to Near Protocol (NEAR) took a major beating....