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 support for the Telegram Open Network (TON) emerging project strategy. Additionally, there have been some notable events and regulatory calls in the past 24 hours that have caught the attention of the cryptocurrency community.
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. This platform facilitates trading for the new token before its official listing, allowing users to set quotes and trade at predetermined prices. Trading for HMSTR began at 1:00 p.m. on July 8th, and more details about the trading process are expected to be released soon. Visit NEWSLINKER for the latest tech news.
How scammers target Coinbase users
Last week, Coinbase users fell victim to a well-planned phishing scam, where imposters posing as Coinbase representatives stole $1.7 million from a victim. Tegan Kline, co-founder of Edge&Node, reported that her friend’s custody wallet was drained after being tricked into sharing their partial seed phrase. The scam involved spoofed emails imitating official Coinbase communications, misleading victims into entering their seed phrase on fraudulent websites.
Although the victims only entered partial information, it was enough for the scammers to access their wallets and steal funds. This incident highlights the importance of remaining vigilant and cautious when receiving unexpected communications regarding cryptocurrency assets.
Why cryptocurrency regulation is crucial in the UK now
With the Labour Party set to form a majority government in the UK, there is increasing demand for consistent regulation of cryptocurrency assets. Keld van Schreven, co-founder and CEO of KR1, emphasized the need for a comprehensive regulatory framework to solidify the UK’s position as a global crypto center. While acknowledging significant progress has been made, he stressed the need for further efforts.
Bivu Das, Kraken’s UK Managing Director, is optimistic that the new government will continue to support innovation and growth in the blockchain sector. 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
By listing the Hamster Kombat token for pre-trading, Bybit has strengthened its support for the TON project. Coinbase users should be cautious of phishing scams and avoid sharing any part of their seed phrase. The cryptocurrency community in the UK is advocating 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 crypto center.
These developments highlight the dynamic and fast-paced 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, which involves risks, and should conduct their own research.
