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Better Market CEO Points to Crypto Market Abuses as Reasons for FDIC Rule Amendment
21.12.2023
Source: Pixabay / tombark Better Market CEO lambasts frequent market abuses and false advertising strategies of digital asset firms as a major reason for the Federal Deposit Insurance Corporation’s (FDIC) rule change to protect investors. In a Dec 20 press release, the CEO reacted to the official...
Nigerian Crypto Exchange Describes Deposit Suspension as ‘Industry-Standard Precautionary Measure’
19.12.2023
The Nigerian cryptocurrency exchange platform Bitmama recently said it has temporarily suspended deposits due to “ongoing third-party maintenance.” Bitmama said that while earlier media reports about its suspension of deposits are correct, they nevertheless “lack context,”...
Duelbits Casino: Fair Crypto Casino & Sports Betting (Play Now)
6.12.2023
The Casino was launched in 2020, Duelbits Casino has quickly established itself as one of the best online gambling sites focused on cryptocurrency. With a variety of well-tested games, great bonuses and no deposit or withdrawal fees, Duelbits is making … Continued
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Mantle Launches Non-Custodial Liquid Staking Protocol on Ethereum
4.12.2023
Source: Adobe Ethereum layer-2 project Mantle has announced the launch of its new liquid-staking protocol, Mantle LSP. In a Monday post on X (formerly Twitter), the proejct said Mantle LSP will allow users to deposit ETH and participate in network staking through validator nodes. ???? Interact with...
Bitget Unveils Instant Lira-to-Crypto Conversions, Streamlining Turkish Market
30.11.2023
Source: Adobe / Husamex Bitget – a global crypto exchange and Web3 firm – has launched support for instant Lira to crypto conversions to streamline access to digital assets for Turkish consumers. Using the “easy buy and sell” feature, Turkish customers can now deposit TRY to Bitget directly from...
Poloniex to Resume Withdrawals Starting With TRX After $100M Hack
29.11.2023
Poloniex is resuming operations following a recent hack of exchange hot wallets. Image by Rafael Henrique, Adobe Stock. Cryptocurrency exchange Poloniex announced today that it will begin gradually resuming withdrawal and deposit services starting November 30. This comes after the platform suffered...
Crypto exchange HTX reinstates Bitcoin services after $30M hack
27.11.2023
Justin Sun said he expects functionality for other cryptocurrencies to gradually be reinstated with full services returning by next week
HTX to Resume Limited Deposit Services Today and Launch a Site-Wide Airdrop Event
24.11.2023
Source: HTX HTX (formerly known as Huobi Global) announced that deposit services for major chains will be gradually resumed on their platform, beginning today, complemented by an airdrop event as a gesture of gratitude to its users. According to the announcement, HTX has completed the necessary...
Unidentified Whale Deposits 10,000 ETH Worth $20 Million in New Blast L2 Project
23.11.2023
Source: Adobe / 2ragon Blast, a newly launched Ethereum-based layer 2 network, is already gaining traction in the market after one unidentified whale deposited a massive 10,000 ETH to the network. The deposit was made on Wednesday this week, just two days after Blast went live in “early access”...
Crypto-Friendly Silvergate Bank Has Fully Repaid All Deposit Liabilities, Now Holds Less Than $10,000
23.11.2023
Source: AdobeStock / Timon Crypto-friendly Silvergate Capital has announced that it has fully repaid all remaining deposit liabilities. On Wednesday, the lender said it has fully repaid all remaining deposit liabilities as part of a plan to wind down operations. “Silvergate continues...
Tether’s bank partner Britannia sued over $1B deposit — Report
21.11.2023
Tether’s bank partner Britannia is reportedly facing a lawsuit over claims it failed to pay the full price of revenue-generating assets allegedly related to a deposit from Tether
Tether’s $1 Billion Deposit With Britannia Financial Subsidary At Center of Legal Battle in London’s High Court
21.11.2023
Source: Adobe/Jim Tether’s deposit of over $1 billion with a financial services firm has come under scrutiny in London’s High Court. According to a Tuesday report from The Financial Times, Tether’s funds were deposited with a subsidiary of investment bank Britannia Financial...
Binance to Halt Russian Ruble Deposits as Part of Exit Strategy from Russia
10.11.2023
Source: Pixabay / Paolinio Binance, the largest cryptocurrency exchange, has officially announced plans to cease the deposit of Russian rubles on its platform due to the discontinuation of operations in Russia. On November 11, the crypto exchange Binance announced that it would stop accepting...
Binance to Opt Out of Ruble Payment Deal with Advcash Amid Russian Exit
2.11.2023
Binance is planning to end its partnership with the payment provider Advcash, putting a stop to the ruble-based transactions, according to the Wall Street Journal. This move is in line with the crypto exchange’s ongoing strategy to exit the Russian market. Binance’s collaboration with...
JPMorgan Settles Transactions for $1 Billion Daily Using JPM Coin
28.10.2023
JPMorgan announced that it is registering transactions for $1 billion daily using its own currency, jpm coin. JPMorgan Global Head of Payments Takis Georgakopoulos added that while these movements are denominated in U.S. dollars mostly, the institution is seeking to expand on that in the future....
Bankrupt Crypto Firms Alameda Research and FTX Move $10 Million in Crypto to Exchange Accounts, Raising Questions
26.10.2023
Wallets linked to bankrupt crypto firms Alameda Research and FTX moved over $10 million worth of cryptocurrency to a single wallet address, which then deposited the funds to exchange deposit accounts. ???? #FTX and #Alameda related addresses are depositing tokens to exchanges! Via address 0xde9...
Crypto exchange Binance restores euro services after new fiat partners
20.10.2023
Euro payments, deposits, and withdrawals are back on for European Binance users months after the severance of services by PaySafe
Top U.S. Bank Regulator Faulted for Lack of Crypto Guidance to Banks
18.10.2023
The U.S. Federal Deposit Insurance Corp. (FDIC) has left the banks it oversees unequipped to navigate the regulator's crypto expectations, according to the agency's inspector general, so the FDIC agreed to field a new strategy by January
FTC Warns Consumers Crypto Deposits Are Not FDIC Insured
17.10.2023
The U.S. Federal Trade Commission (FTC) has warned consumers that crypto deposits are not insured by the Federal Deposit Insurance Corporation (FDIC). “That money isn’t FDIC insured or protected if the crypto company goes under,” the agency cautioned. “If something happens,...
Fluent Finance Partners With UAE to Develop Deposit Token Tech
14.10.2023
Fluent Finance, a US-based startup that aims to bridge banking and Web3, has announced that it will partner with the Ministry of Economy of the United Arab Emirates (UAE) to develop deposit token-based tech. The company, which takes advantage of the Nextgen FDI growth program, will open operations...