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Coinbase Dispels Rumors of Imposed $5,000-Per-Week Limit on Bitcoin Withdrawals
24.10.2023
Coinbase dismisses rumors of a BTC withdrawal limit, stating that these claims do not hold true. Coinbase confirms that such a withdrawal limit policy does not exist.
On October 24, a post from a user on X garnered substantial attention, alleging that Coinbase had implemented a policy limiting...
Nigeria Announces New Cash Withdrawal Restrictions — ATMs Limited to Less Than $44 per Day
8.12.2022
In a new directive to financial institutions, the Central Bank of Nigeria (CBN) said individuals can now only withdraw an equivalent of just under $222 per week while corporates can only withdraw cash not exceeding $1,111 during the same period. The new limits, which are in line with...
Reddit User Finds 127 Old Bitcoins at Grandpa’s House – Pockets Over $4 Million After Selling
11.1.2021
A Reddit user says he (or she) recently regained access to the keys of 127 bitcoins eight years after last accessing the coins. Immediately after regaining access, the user sold all the bitcoins and pocketed over $4 million in the process. According to the user, they received the bitcoins...
From Buenos Aires to Beirut – Covid-19 Excuse Restricts Millions of Citizens from Withdrawing Their Own Money
18.5.2020
The coronavirus and the government-induced lockdowns have wreaked havoc on the global economy and millions of people can’t access their own money. Reports from financial stricken areas like Venezuela, Argentina, and Lebanon show that citizens are being stopped from accessing their...
Lebanon Fights for Separation of Money and State as Residents Use Bitcoin to Evade Capital Controls
27.2.2020
Mass unrest in Lebanon due to allegations of political corruption and heavy handed capital controls has carried over into the new year, with reports pointing to a notable uptick in bitcoin trading from the embattled nation. As residents seek to preserve as much value as they can while government...
Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens
8.1.2020
Lebanese citizens have been dealing with economic hardship, as the country’s central bank imposed customer withdrawal limits last October. The problems have continued over the last two months, as ATMs have stopped dispensing cash and bank branches close doors in fear of angry clients....