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California, New York Join Several States Ordering Crypto Lender Nexo to Halt Yield Product
26.9.2022
FTX to Halt ETH Deposits & Withdrawals on SOL, BSC, and Arbitrum
5.9.2022
FTX Crypto Derivatives Exchange recently announced suspending deposits and withdrawals on multiple networks. These blockchains include Solana, Binance Smart Chain, and Arbitrum One. The step will be undertaken to prepare for the upcoming Ethereum Merge. Here is a quick overview of the timeline...
FTX to halt Ethereum trades on Arbitrum, Solana, BSC for the ETH Merge
5.9.2022
Despite confirmation of zero downtime from Ethereum developers, FTX chose to suspend “deposits and withdrawals until the Merge is finished and networks are stable.”
Eurozone Inflation Taps Highest Rate Ever Recorded Reaching 9.1%, as Nord Stream, Gazprom Halt Gas Supplies
31.8.2022
The Eurozone’s inflation rate reached a record high in August of 9.1%, the highest ever recorded in history, according to Europe’s statistics office Eurostat. The rate was higher than economists suspected and most of the rise was fueled by Europe’s rising energy prices....
Russian Hospital Employee ‘Mined Crypto in a COVID-19 Ward’; SBI Crypto to Halt Mining in Russia
19.8.2022
A Russian medical specialist could face up to two years behind bars after authorities caught him allegedly running an illegal mining setup in a facility designed to treat coronavirus patients.
The specialist had been placed in charge of information security at a state-run hospital...
Philippines Central Bank to Halt Applications for New Virtual Asset Firms for Three Years
11.8.2022
The Philippines' central bank is closing its application window for new virtual asset services providers (VASP) licences for three years from Sept. 1
Bitcoin braces for US inflation data as CPI nerves halt BTC price gains
10.8.2022
Another surprise inflation increase could make things "ugly" for crypto markets, one trader warns, with hours left before the CPI release
Coinbase Asks US Supreme Court to Halt Lawsuits Connected to Scams and Dogecoin
4.8.2022
The company seeks to send the cases to arbitration after Federal trial judges earlier rejected such requests
Digital Euro Needs Curbs to Halt Lending Crunch, ECB Study Finds
28.7.2022
The economic evidence appears to support calls to cap how much central bank digital currency people can hold, to stop them fleeing banks all together
Crypto Exchange Zipmex Halts Withdrawals Citing Market Conditions, Financial Difficulties of Business Partners
20.7.2022
Cryptocurrency exchange Zipmex has halted withdrawals due to “volatile market conditions, and the resulting financial difficulties of our key business partners.” The exchange operates in Singapore, Australia, Indonesia, and Thailand. Zipmex Pauses Withdrawals Crypto exchange Zipmex...
Report: Nigerian Central Bank Incentive Scheme Failed to Halt Naira Depreciation
7.7.2022
The Central Bank of Nigeria (CBN)’s attempt to incentivize the country’s forex market through the so-called “Naira for Dollar” scheme has failed. This is evidenced by the local currency’s plunge of more than 25% since the launch of the incentive scheme in March...
KuCoin CEO slams insolvency rumors citing “no plan to halt withdrawal”
2.7.2022
Rumors linked KuCoin’s intent to stop withdrawals with the Terra (LUNA) and the 3AC collapse, which according to the warnings, led to “immense suffer” for the exchange
Market Wrap: Recession Fears Halt Crypto Bounce
27.6.2022
Analysts see too few positive signs to sustain a crypto rally as investors position for further pain in traditional markets
Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice
25.6.2022
After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who said Celsius was hiring restructuring lawyers. At the time, the WSJ said Celsius was looking to hire...
Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand
21.6.2022
Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on Wednesday, the Islamic Republic’s Ministry of Energy announced. Legal Crypto Miners in Iran to Halt...
Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’
16.6.2022
According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the firm’s financial hardship. The sources note that Citigroup was hired by Celsius to help...
Report: Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship
15.6.2022
Following the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people familiar with the matter,” explains that the company is reportedly hiring restructuring lawyers. Basically, hiring restructuring and insolvency attorneys...
Brazilian central banker describes how CBDC system can halt bank runs
3.6.2022
In constructing its Real Digital, Brazil's central bank is developing mechanisms that can freeze citizens' conversion to CBDCs in the event of a bank run
Terra Whistleblower Publishes Alleged Chat Log Between Do Kwon and Network Validators
2.6.2022
Over two weeks after the Terra LUNA and UST fallout, a whistleblower dubbed “Fatman” published an alleged chat log between the project’s co-founder Do Kwon, Terra validators, and infrastructure providers from the Terra blockchain community. If the chat log is legitimate, Fatman...
Terra Blockchain Resumes Following 9-Hour Halt
13.5.2022
The Terra blockchain has resumed activity following a halt of around nine hours while validators plotted a route out of its ongoing crisis