Category: Crypto News

Bybit reduces withdrawal limit for non KYC users

Starting December 15th 2022, non KYC users will be able to withdraw mere $20000 unless they opt for KYC (know your customer). Previously, this was 2 BTC, which is about $34000 right now. Most of the centralized cryptocurrency exchanges have enforced compulsory KYC on their platforms and Bybit was one of few to allow users to withdraw without doing any sort of KYC.

bybit kyc
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TrueFi issues Blockwater notice for $3.4M restructured loan

TrueFi DAO has issued a default notice to Blockwater Technologies for non-payment of $3.4M restructured loan. Out of this loan, the default represents around 2-percent of total value of TrueFi’s DAO. Blockwater Technologies and NWH/Invictus loans represent a total of 0.25% TrueFi’s cryptocurrency loan originations. It shall be noted that this would have no effect of USDC, USDT and TUSD pools of TrueFi. Here’s screenshot of the loan that was taken on Ethereum blockchain around 155 days back.

truefi blockwater loan
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