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Celsius Network Pauses AMAs With Customers Left in the Dark Over Withdrawals
20.6.2022
Crypto lending platform Celsius Network has paused AMAs (ask-me-anything) and Twitter spaces following its decision to freeze withdrawals last week
Binance Suspends Direct Deposits and Withdrawals in Brazil
19.6.2022
Binance announced this week that the direct withdrawal and deposits were suspended in Brazil. The exchange issued a statement where it announced that this was the result of a change in the payments partner in the country and that it will be taking legal steps against it. However, the partner states...
SEC, State Regulators Probe Crypto Lender Celsius Over Accounts Freeze
18.6.2022
The U.S. Securities and Exchange Commission (SEC) and several state regulators are reportedly investigating the decision by crypto lender Celsius Network to freeze withdrawals. U.S. Securities Regulators Investigate Celsius’ Withdrawal Freeze The U.S. SEC and securities regulators...
Binance Suspends Withdrawals and Deposits in Brazil Following New Central Bank Policy
18.6.2022
The suspension applies to transfers made via the government's payment system Pix
Crypto lender Babel Finance halts withdrawals due to liquidity pressures
17.6.2022
Hong Kong-based asset manager Babel Finance is the latest crypto lending firm to signal the growing crisis of the cryptocurrency lending industry amid the bear market
BlockFi, Crypto.com, and Others Come Forward Amid Three Arrows Turbulence, Babel Finance Pauses Withdrawals
17.6.2022
After several days of intense discussions and rumors circulating about insolvency at major crypto hedge fund Three Arrows Capital, more details about the financial exposure other companies in the space have had to the hedge fund have emerged, with crypto lender BlockFi being named as...
Babel Finance Suspends Withdrawals, Citing 'Unusual Liquidity Pressures'
17.6.2022
Crypto lender Babel Finance is the latest company to freeze withdrawals following speculation about the possible collapse of hedge fund Three Arrows Capital
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...
Bank of England’s Governor Warns About Crypto Amid Bloodbath — ‘Be Prepared to Lose All Your Money’
15.6.2022
The governor of the Bank of England, Andrew Bailey, has reiterated his warning about cryptocurrency investing after U.S. crypto lender Celsius abruptly froze withdrawals. He stressed that investors should be prepared to lose all their money, emphasizing that crypto has no intrinsic value. Bank...
Binance Reveals Incident That Forced It to Freeze BTC Withdrawals
14.6.2022
In a post-mortem issued shortly after it lifted the freeze on bitcoin withdrawals, Binance has identified the “repairing of several minor hardware failures on wallet consolidation” as the incident that ultimately forced it to pause withdrawals. To fix the problem and to stop this from...
Binance Shares What Caused Backlog on Bitcoin Network, Resumes BTC Withdrawals
14.6.2022
Major crypto exchange Binance has shared that they had been repairing "minor hardware failures" yesterday, which resulted in "a stuck transaction", which then caused a backlog on the Bitcoin (BTC) network and led to the company pausing BTC withdrawals for about three hours....
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First Mover Asia: What Analysts Are Saying After Crypto Lender Celsius Paused Withdrawals; BTC Drops Below $23K
14.6.2022
Some observers of digital asset markets criticized the move but others said that Celsius could be protecting user funds; cryptos plummet
Binance resumes withdrawals as many retail crypto investors monitor exchanges
13.6.2022
Many social media users seem to be waiting for other crypto exchanges including Coinbase and Kraken to follow in Binance's and Celsius' footsteps by suspending withdrawals
Binance Pauses Bitcoin Withdrawals Due to 'Backlog'
13.6.2022
Major crypto exchange Binance paused bitcoin (BTC) withdrawals due to a backlog, according to its CEO.
Changpeng Zhao tweeted today that there has been a “temporary pause” of BTC withdrawals on the exchange. Per the CEO, this is the result of “a stuck transaction causing a backlog.” He went...
Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm’s Assets
13.6.2022
On Monday, June 13, 2022, the crypto economy dropped below the $1 trillion region, as a great majority of crypto assets have lost between 10% to 25% during the last 24 hours. Meanwhile, the crypto community has been discussing the cryptocurrency lending application Celsius as rumors of insolvency...
First Mover Americas: Bitcoin, Ether Plunge Anew as Celsius Halts Withdrawals
13.6.2022
The latest price moves in bitcoin ($BTC) and crypto markets in context, for June 13, 2022
Binance Temporarily Pauses Bitcoin Withdrawals
13.6.2022
CEO CZ attributes the problem to a “stuck transaction.”
Celsius Sends a Memo to Pause Swaps, Withdrawals, and Transfers
13.6.2022
Celsius shared a memorandum with its users and community members on June 13. The announcement carried the team’s decision to put off all the operations like deposits, withdrawals, and transfers to fortify its management framework. The team hopes to bring the project to a better position that...
Binance suspends Bitcoin withdrawals: CZ says funds are 'SAFU'
13.6.2022
A temporary pause on Bitcoin withdrawals has been imposed on the world's largest exchange, Binance