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Binance Buying Bank Not Solution for Banking Problems, Says CEO Changpeng Zhao
1.6.2023
Acquiring a bank wouldn’t solve the issues with banking for Binance or others, the CEO of the largest crypto exchange is convinced. Speaking in the aftermath of the collapse of crypto-friendly banks in the U.S. and amid Binance’s issues with payment providers in Australia, Changpeng Zhao said...
Binance Australia Users Selling Bitcoin at Discount Ahead of AUD Withdrawals Halt
30.5.2023
Customers of Binance Australia were trading bitcoin and other cryptocurrencies at lower prices than those on other platforms on Tuesday. The discount is apparently due to a popular Australian payment service preparing to cut off the crypto exchange from withdrawals in local currency. Bitcoin...
Crypto Exchange Bkex Suspends Withdrawals Amid Money Laundering Incident
30.5.2023
Bkex, a crypto exchange based in the British Virgin Islands, has suspended withdrawals due to an allegation that a user’s “funds were involved in money laundering.” In order to assist law enforcement with their investigation and gather evidence, Bkex said it has decided to halt...
Hackers Breach Nigerian Crypto Trading Platform — BTC and Naira Assets Compromised
29.5.2023
The Nigerian gift card and crypto trading platform, Patricia, announced on May 26 that one of its trading applications had been breached and that BTC as well as naira assets were compromised. The crypto exchange platform said it has since suspended withdrawals and is presently “undergoing...
Nigerian crypto company suspends withdrawals after BTC and naira compromise
27.5.2023
Efforts are underway to recover compromised assets and enhance security measures as users express concerns on social media
Ethereum Price Prediction as Lido ETH Staking Withdrawals Approved - What's Next for ETH?
23.5.2023
The Ethereum price has gained by 2% in the past 24 hours, with its price of $1,855 also representing a 2% rise in the past week.
These movements come in the wake of ETH staking withdrawals being enabled on Lido, which has seen a net outflow of ETH since it opened withdrawals last week....
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Crypto Exchanges Experience $1.77B Bitcoin and Ethereum Outflow in 30 Days
22.5.2023
Throughout May, the crypto market has remained steady, with a valuation just above the $1 trillion mark. Over the past 30 days, both bitcoin and ethereum prices have remained relatively stable. However, recent data reveals a significant amount of bitcoin has been withdrawn from exchanges, with...
Binance Halts Deposits and Possibly Withdrawals for Aussie Users After Being Cut Off by Australian Payment Service Provider
19.5.2023
Binance Australia said on May 18 that it is “unable to facilitate PayID AUD deposits for Binance users” due to a third-party payment service provider’s decision to discontinue support for the crypto exchange. Binance Australia said while it works to find an alternative, users...
Celsius adds nearly 429K stETH to Lido’s lengthening withdrawal queue
17.5.2023
The bankrupt crypto lender wants its huge stash of staked Ether back, but it could be in for a wait
Ethereum Price Prediction as Lido ETH Staking Withdrawals Gets Green Light – What Happens Next?
16.5.2023
The Ethereum price has dipped by 0.5% in the past 24 hours, with its decline to $1,821 coming as the market as a whole falls by 1% today.
ETH's price means it has lost 1% in a week and 13% in the past month, although it remains up by 52% since the beginning of the year.
These movements come just...
Crypto bank runs in 2022 catalyzed by institutional withdrawals: Research
16.5.2023
Research suggests the lack of insurance for depositors on crypto platforms induced fear among retail and institutional clients, leading to heavy withdrawals and a liquidity crunch
Celsius moves $781M in stETH just as Lido withdrawals open
16.5.2023
The bankrupt crypto lender has been moving its massive stash of staked Ethereum
$500K worth of stETH redeemed in 3 hours as Lido enables withdrawals
15.5.2023
Ethereum was upgraded to allow withdrawals on April 13, but Lido had not previously integrated with the new feature
Bittrex Processed $425 Million in Withdrawals Since April 1, Claims Attorney Amid Bankruptcy Proceedings
11.5.2023
The US and Maltese arms of crypto exchange Bittrex have processed $425 million in withdrawals since the platform announced plans to wind down US operations.
On Wednesday, Bittrex attorney Susheel Kirpalani reportedly told a Delaware bankruptcy court that the firm had not engaged in any negative...
Bittrex’s U.S., Maltese Arms Processed $425M in Withdrawals Since April 1, Attorney Says
10.5.2023
Bittrex filed for bankruptcy protection, but says no customer funds were re-used and that liabilities meet assets
Coinbase Works to Fix Wallet Support for Ethereum Staking Withdrawals Stuck in Limbo
9.5.2023
According to Coinbase’s customer support, “Our systems currently do not support deposits to Coinbase ETH addresses from external validators… Funds may be stuck until we are able to support these transactions.”
Xapo Bank to Enable Tether Deposits, Withdrawals
9.5.2023
The crypto-friendly bank announced earlier in the year support for USDC services
Ether Staking Deposits Top Withdrawals for First Time Since Shapella Upgrade
9.5.2023
The divergence comes amid a meme coin frenzy that has pushed up fees on the Ethereum blockchain
Binance Announces Lightning Network Withdrawal Implementation Amidst Bitcoin Network Congestion Issues
9.5.2023
Binance has announced its intention of implementing Lightning Network, a layer 2 Bitcoin scaling protocol, on its platform after experiencing an episode of congestion regarding withdrawals on the Bitcoin network. The exchange had to pause bitcoin withdrawals twice due to a large backlog...
Bitcoin Price Prediction as Traders Get Spooked After Binance Halts Withdrawals – Where is BTC Heading Now?
8.5.2023
The recent announcement by Binance, the world's biggest cryptocurrency exchange, of temporarily halting bitcoin withdrawals, citing high volumes and a surge in processing fees, has spooked traders and raised questions about Bitcoin's future price direction.
While the halt caused a temporary...