EOS Network unveils exSat to solve Bitcoin scalability issues

EOS has announced a new solution aiming to improve Bitcoin’s scalability and compatibility with layer-2 networks. EOS Network, a blockchain platform powered by the EOS virtual machine, has announced the development of exSat, a docking layer, aimed at bridging the gap between Bitcoin‘s mainnet and a diverse array of layer-2 scaling solutions within the Bitcoin ecosystem. In a blog announcement on Apr. 10, the exSat Network team said their solution could potentially expand Bitcoin’s data consensus to enhance “interoperability, scalability, and security within the Bitcoin ecosystem.” “By facilitating direct queries…

Hong Kong Securities Regulator Issues Warning Against ‘Unlicensed’ Crypto Platform Bybit

The Hong Kong securities regulator has labelled the crypto platform Bybit an unlicensed virtual asset trading platform (VATP). The regulator has also added Bybit’s products to its alert list of suspicious investment products. The Hong Kong regulator also advised the public to stop patronizing unlicensed entities. Regulator Threatens Enforcement Action The Hong Kong Securities and […] Source CryptoX Portal

Hong Kong’s Markets Regulator Issues Warning Against Crypto Exchange Bybit

“The SFC is concerned that these products have also been offered to Hong Kong investors and wishes to make it clear that no entity in the Bybit group is licensed by or registered with the SFC to conduct any ‘regulated activity’ in Hong Kong,” the SFC said. “Last but not least, the SFC will not hesitate to take enforcement action against unlicensed activities where appropriate.” Source

Indonesia’s Finance Regulator Issues New Crypto Regulation to Strengthen Industry

Earlier this month, OJK has been teaming up with financial authorities from Malaysia, Singapore, and Dubai to build a comprehensive crypto policy. These international collaborations, including drafting Memorandums of Understanding with Malaysia’s Bank Negara, Singapore’s Monetary Authority, and Dubai’s Virtual Asset Regulatory Authority, aim to establish a solid framework for crypto policy. Source

Bitcoin Price (BTC) Record Spurs Issues at Jupiter

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