Cryptocurrency futures exchange CoinFlex has temporarily suspended all withdrawals citing “extreme market conditions and continued uncertainty involving a counterparty.” ● In a blog post on Thursday, ...
Tag: Citing
Goldman Sachs Sees Higher US Recession Risk Citing Concerns the Fed Will ‘Respond Forcefully’ to High Inflation – Economics Bitcoin News
Goldman Sachs’ economists now see an increased risk of a U.S. recession. “We are increasingly concerned that the Fed will feel compelled to respond forcefully to high headline inflation and consumer i...
CoinDCX and Coinswitch Kuber Suspend Withdrawals, Citing KYC
Both CoinDCX and Coinswitch Kuber exchanges in India have suspended deposits and withdrawals citing know your customer (KYC) regulations for the decision. Some Indian investors fear that the exchange...
Bancor Under Scrutiny After Pausing Impermanent Loss Protection Citing “Hostile Market Conditions”
Decentralized Finance (DeFi) protocol Bancor, often considered a pioneer in the DeFi space, has come under fire after it paused the impermanent loss protection program. The pause was done citing extre...
Middle East Crypto Exchange, BitOasis, Cuts 5% Of Its Staff Citing Recession and Market Turmoil
As the bear market spreads, more cryptocurrency exchanges are joining the wave of mass layoffs, even though some analysts suggest that the bottom might be in. On June 19, BitOasis, a cryptocurrency ex...
Bancor pauses impairment loss protection citing ‘hostile’ market conditions
Bancor, a decentralized finance (DeFi) protocol often credited as the pioneer of the DeFi space, paused its impairment loss protection (ILP) function on Sunday, citing “hostile” market conditions. In ...
Indian Exchange CoinDCX Halts Crypto Withdrawals Citing Wallet Maintenance
Exchange News Banks are reluctant to accept crypto transactions because of regulatory uncertainties. Trading volumes at CoinDCX have dropped 40% since the UPI ban. CoinDCX’s chief operating officer, M...
Naomi Osaka Pulls Out Of Wimbledon Citing Achilles Injury
LONDON, ENGLAND – JULY 01: Naomi Osaka of Japan plays a forehand in her Ladies’ Singles first round … [+] match against Yulia Putintseva of Kazakhstan during Day one of The Champions...
Crypto Lending Platform Babel Finance Pauses Withdrawals, Citing ‘Liquidity Pressures’
Babel Finance has become the latest crypto lending platform to suspend redemptions and withdrawals, the Hong Kong-based company said in a blog post Friday. The firm stated it was “facing unusual liqui...
Babel Finance Halts Withdrawals, Citing Low Liquidity
Key Takeaways Babel Finance suspended withdrawals and redemptions today, citing liquidity pressures as its reason for doing so. The firm did not say if or when it would resume services but said that i...
14 U.S. Congress members appeal to EPA, citing environmental and financial benefits of Bitcoin mining
Despite the concerns about the environmental effects of Bitcoin (BTC) Proof-of-Work (PoW) mining, a group of United States Congress members has sent a letter to the country’s Environmental Protection ...
Citi upgrades Boeing to a buy citing BA’s ability to meet production and profitability targets
On June 16, Boeing (NYSE: BA) was upgraded from a Hold to a Buy/High Risk with a price target of $209. This upgrade hinges on the aerospace giant’s ability to resolve its medium-term risks, while the ...
Crypto.com Lays Off 5% of Corporate Staff, Citing ‘Market Downturn’
Crypto.com will lay off 260 people, or 5% of its corporate workforce, as the markets continue to head into a downturn, CEO Kris Marszalek said in a tweet on Saturday. In a Twitter thread, Marszalek de...
Coinbase CEO Brian Armstrong Announces Massive Staff Cuts, Citing Recession and Crypto Winter
The head of leading US-based crypto exchange is making significant company-wide layoffs in preparation for a crypto winter. In a new blog post, Coinbase CEO Brian Armstrong announced the exchange will...
Russian Diplomat Quits Citing ‘Shame’ Over Russian Invasion Of Ukraine
Topline A Russian diplomat in Geneva said on Monday he had resigned from his role, contending that in his 20 years of service he had never “been so ashamed” of his country as he was for its “aggressiv...
RBI Governor Shaktikanta Das Reaffirms Stance Citing Recent Crypto Crash
3 hours ago | 2 mins read Editors News The RBI has not reportedly placed any shadowban on exchanges. The influence of cryptocurrencies on India’s macroeconomics has been frequently raised. As the cryp...
Analyst hints crypto carnage ahead citing LUNA crash as ‘long-term positive’ thing
Gareth Soloway, the chief market strategist at InTheMoneyStocks.com, has projected that Bitcoin might correct further to a low of $12,000. Speaking during an interview with Stansberry Research, Solow...
OKX Delists Terra’s LUNA and UST Citing User Protection
In explaining the reasons for Binance’s suspension, Zhao initially tweeted that “an exponential amount of new LUNA were minted due to flaws in the design of the Terra protocol. Some of our...
Chile Postpones CBDC Launch Citing Need for More Analysis of Benefits
The Central Bank of Chile will delay issuing its central bank digital currency (CBDC), the digital peso, pending further research. Last Sept, the bank gave the green light to develop a centralized dig...
Binance temporarily suspends LUNA, UST withdrawals citing network congestion
As the crypto community still tries to decipher Terra’s ongoing pegging-de-pegging fiasco in relation to its stablecoin offering TerraUSD (UST), major crypto exchange Binance temporarily suspended the...
Yellen Echoes Stablecoin Warning Citing UST Crash
Key Takeaways Treasury Secretary Janet Yellen has once again said that the U.S. needs to regulate the stablecoin market. Yellen noted UST’s recent depeg event in which the stablecoin crashed ami...
Galaxy Digital reports $112M Q1 loss, citing crypto price volatility
Cryptocurrency investment manager Galaxy Digital Holdings reported a sharp loss in the first quarter due to unrealized losses in its digital asset portfolio, underscoring heightened volatility in the ...
Wikipedia Stops Accepting Cryptocurrency Donations Citing Community’s Environmental Concerns – Featured Bitcoin News
Wikipedia has decided to stop accepting cryptocurrency donations after eight years of doing so. The decision is based on the request by the Wikimedia community citing “issues of environmental sustaina...
Wikipedia Shuts Its Doors On Crypto Donations, Citing Environmental Concerns ⋆ ZyCrypto
Advertisement     The Proof-of-Work (PoW) consensus mechanism continues to raise environmental concerns. As a result, Wikimedia, the foundation behind the popular onli...
Twitter Cancels Earnings Call, Citing Pending $44B Musk Deal
Twitter released its first-quarter earnings this morning, reporting $1.2 billion in revenue, up 16% compared to last year and just shy of its estimated $1.23 billion. But at 8 am EST, when the earning...
AMD stock gains after Raymond James upgrades, citing ‘strong confidence’ in datacenter business
Shares of Advanced Micro Devices Inc. AMD, +2.89% rose 0.5% in premarket trading, to buck the selloff in its semiconductor peers and the broader stock market, after an upgrade at Raymond James. AMD...
Starbucks union files NLRB complaint citing CEO Schultz’s benefits comments
The union representing Starbucks baristas is taking aim at the coffee giant’s interim chief executive, Howard Schultz, alleging his recent comments about an improved benefits plan amounted to il...