Hong Kong-based asset manager Babel Finance is the latest cryptocurrency lending firm experiencing some serious issues amid the ongoing market downturn. Babel Finance officially announced Friday a tem...
Tag: Withdrawals
Babel Finance Temporarily Suspends Withdrawals Due to “Unusual Liquidity Pressure”
Hong Kong-based cryptocurrency lending company Babel Finance has temporarily suspended its services, citing liquidity pressure due to extreme market conditions. Babel Finance Halts Withdrawals In a b...
Binance Suspends Withdrawals and Deposits in Brazil Following New Central Bank Policy
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Crypto Suffers Another Beating: Hong Kong-Based Babel Finance Halts Withdrawals
Babel Finance, based in Hong Kong, has temporarily halted withdrawals and redemptions of crypto assets on Friday, as the lender struggles to pay its investors as the ongoing bear market deals a heavy ...
Crypto Suffers Another Blow: Babel Finance Freezes Withdrawals
Crypto financial services company Babel Finance said it was temporarily suspending withdrawals and redemptions in the latest blow to the cryptocurrency sector. The Hong Kong-based company said in a Ju...
Babel Finance Pauses Crypto Withdrawals Following Liquidity Troubles
Babel Finance – an Asian crypto lending platform coming off a $2 billion valuation – has revealed that it is facing liquidity pressures. In response, it has paused all withdrawals and redemptions from...
Crypto Lending Platform Babel Finance Halts Withdrawals Following Celsius
3 hours ago | 2 mins read Defi News Babel Finance had a loan balance of over $3 billion by the end of 2021. It had a monthly derivatives trading volume of $800 million. Another cryptocurrency lending ...
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...
Babel Finance Halts Client Withdrawals & Resumptions, Is Crypto Space Under Deep Waters?
Babel Finance, an Asian-based crypto financial service has now halted client withdrawals amid the turmoil within the crypto space. The Hong-Kong based crypto lender Babel Finance through an announceme...
Hong Kong based Babel Finance freezes withdrawals as contagion spreads
Babel Finance suspends all further withdrawals, citing that it is “facing unusual liquidity pressures” as the crypto market flounders, perhaps due to the ongoing issues with Three Arrows Capital and C...
Finblox Limits Daily Withdrawals as Fears Grow Over Future of 3AC
Crypto savings app Finblox is imposing a withdrawal limit and preventing new users from registering due to uncertainty over the future of crypto hedge fund Three Arrows Capital. The latter is a major ...
Binance Announces Nonsupport Of Litecoin’s MWEB On Deposits And Withdrawals ⋆ ZyCrypto
Advertisement     Binance, the world’s leading cryptocurrency exchange platform, in a publication on their official blog, has announced their nonsupport of Litecoin’s ...
Crypto Industry Shows Cracks as a Second Firm Limits Withdrawals
Text size Elements of the crypto industry appear to be seizing up as the currency plummets in value. Dan Kitwood/Getty Images Four days after crypto giant Celsius Network abruptly halted withdrawals f...
Celsius CEO “Loses Voice” Two Days Before Halting All Withdrawals » NullTX
The crypto-lending firm Celsius, which offers high-yield returns on user deposits, appears to be the latest to falter in the face of tightening financial conditions. It also came barely one month afte...
Withdrawals And Transfers Have Been Halted By Cryptocurrency Lender Celsius Due To Extreme Market Conditions
Celsius, whose investors include stablecoin issuer Tether International, growth equity firm WestCap Group, and Canadian pension fund Caisse de Dépôt et Placement du Québec, writes, We are making this ...
Binance temporarily blocks Bitcoin withdrawals
With a tweet, Binance announced on 13 June that it was blocking withdrawals in Bitcoin for 3 hours due to technical problems that were immediately corrected. Problems for Binance: Bitcoin withdrawals ...
Alert: Celsius Pauses Withdrawals & Transfers, Is The Trust Between Platforms & Traders Being Challenged?
Due to extreme market conditions, Celcius, a crypto staking and lending platform, has halted all swaps, transfers, and withdrawals. Celsius, a cryptocurrency lending firm, allows users to stake crypto...
Binance Halts Bitcoin Withdrawals Due to ‘Stuck On-Chain Transaction’
Binance, the world’s top cryptocurrency exchange by volume, put Bitcoin withdrawals for its users on pause because of a “stuck on-chain transaction,” the company said Monday. Although Binance CEO Chan...
Nexo Proposes Buyout of Celsius Assets as Crypto Lending Rival Halts Withdrawals
Digital asset manager Nexo responded to the news of its rival Celsius pausing withdrawals by tabling a proposal for a buyout of certain of the firm’s liquid assets. Pointing to “what appears to be the...
Binance Reveals Incident That Forced It to Freeze BTC Withdrawals – Featured Bitcoin News
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 tha...
Celsius Tanks 70% in 1 Hour After Company Pauses Withdrawals to ‘Stabilize Liquidity’
On Sunday night, with crypto markets already in freefall, controversial crypto lender Celsius announced it was suddenly pausing all customer withdrawals, swaps, and transfers. “We are taking thi...
Celsius Withdrawals Paused : Cites Extreme Market Conditions
Crypto lending platform Celsius Network announced early Monday through their blog that withdrawals would be paused on their platform due to “extreme market conditions.” According to the blog post, the...
Crypto top lender Celsius pauses withdrawals
Celsius, a popular cryptocurrency lending platform, announced on Monday that it was suspending all withdrawals, adding to the market’s already-stressed state. Cryptopolitan recently covered a post the...
What Analysts Are Saying After Crypto Lender Celsius Paused Withdrawals; BTC Drops Below $23K
Bitcoin was recently trading at about $22,500, down more than 16% over the past day. As for major altcoins, the question wasn’t whether they were in the red but by how much. Ether, the second la...
Binance Resumes BTC Withdrawals After Temporary Suspension
Leading cryptocurrency exchange Binance has resumed bitcoin (BTC) withdrawals after temporarily suspending the service for a few hours. Binance Suspends BTC Withdrawals Earlier today, the exchange an...
Binance resumes withdrawals as many retail crypto investors monitor exchanges
Major crypto exchange Binance has announced that it had resumed Bitcoin withdrawals after more than three hours amid extreme market volatility. In an update during what many are calling cryptocurrenc...
Binance has resumed Bitcoin withdrawals after a temporary halt due to a “stuck transaction”
? Want to work with us? CryptoSlate is hiring for a handful of positions! Binance, a major cryptocurrency exchange, has announced that Bitcoin (BTC) withdrawals have resumed after a three-hour hiatus....
Binance resumes bitcoin withdrawals as crypto prices crater
The world’s largest cryptocurrency exchange, Binance, resumed withdrawals of bitcoin after it instituted a “temporary pause” Monday morning that latest several hours, the company said. Binance founder...
Celsius Halts Withdrawals, Swap, and Transfers ‘due to Extreme Market Conditions’
Celsius promises to restore withdrawals, staking, transfers to other accounts, and stabilize liquidity as soon as possible. Crypto lending service and staking service Celsius has suspended withdrawals...
Lack Of Liquidity Forces Celsius To Block Crypto Withdrawals
Celsius’s decision to stop all crypto withdrawals has sent the already volatile market into a freefall, as BTC, ETH, and other leading cryptos crashed on Monday. Suspending Withdrawals To Maintain Li...