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Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched Bybit Pay, a new payment platform designed to bridge traditional (TradFi) and digital finance, as detailed out to Finbold on Friday 24.  Envisioned as something more than a mere payment processor, Bybit Pay is expected to help brands forge strategic partnerships and fuel global growth, innovation, and financial inclusion. Bybit Pay features The Bybit Pay platform integrates fiat and cryptocurrency payments into a unified solution accessible via websites, mobile apps, or point-of-sale (PoS) systems.  Picks for you Trump’s World Liberty Fi just bought these 2 cryptos 40 mins ago ChatGPT says Silver price will hit this target in 2025 ...

HashKey Capital highlighted risks such as reduced competition, increased risk of censorship, decreased security and collusion by big players. As it continues to grow, liquid staking brings considerable risks to the space and needs better decentralization, according to a report published by digital asset firm HashKey Capital.  According to the report , the overall liquid staking derivatives (LSD) market has surged to more than $22 billion in total value locked in 2023. In addition, the market capitalization of LSD projects has reached $18 billion. Overview of the liquid staking derivatives market in 2023. Source: HaskKey Capital While the growth of LSD protocols may be good for their respective communities and tokenholders, it also could be a double-edged sword. According to the report, it could harm the Ethereum ecosystem in various ways. As the table above shows, many LSD protocols rely on a small number of node operators that centralize a large number of validator nodes. Accord...