According to Ethereum developer Barnabas Busa, the Ethereum Zheijang public withdrawal testnet will go live on Feb. 1, 2023, at 15:00 UTC as a precursor to the upcoming Shanghai upgrade planned for Ma...
Tag: Withdrawals
Celsius Was Using Customer Deposits To Fund Withdrawals, According to Bankruptcy Examiner
A closer look at the collapse of crypto lender Celsius shows that the firm was using customer deposits to pay for withdrawals, according to an independent examiner. In a new court filing with the Unit...
Stablecoin withdrawals from exchanges reach $800M on Jan. 30
Quick Take Roughly 10,000 BTC was sent to exchange addresses on Jan. 30 The fifth biggest inflow in the past three months, equivalent to around $230 million In addition to roughly $800 million of sta...
Bitcoin premium hits 60% in Nigeria as country limits ATM cash withdrawals
The price of Bitcoin (BTC) in Nigeria has skyrocketed to well above global market levels amid continued efforts by the central bank to push its citizens into digitalized cash. At the time of writing, ...
Lido Protocol Discloses for Withdrawals before Ethereum’s Shanghai Hard Fork
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Celsius Floats Possibility of Debt Token to Repay Creditors; Secures Court Approval to Process Customer Withdrawals – Bitcoin News
The defunct crypto lender Celsius is exploring the possibility of creating a debt token to repay creditors. The plan would need to be approved by regulators, but if approved by the trustee and financi...
Court Orders Celsius To Process Customer Withdrawals And Airdrop Flare Token
– Advertisement – Celsius will process the withdrawals of certain customers following authorization by the bankruptcy court. A second court order authorized a Flare token airdrop to eligi...
Lido presents design for staked ether withdrawals after Shanghai upgrade
The Lido team proposed plans for how the protocol should support ether withdrawals once Ethereum’s upcoming Shanghai upgrade has been activated. The Lido team put forward its designs to th...
Ethereum’s devs place shadow fork to back ETH withdrawals
In terms of having created an absolute landmark on Ethereum’s next bit of upgradation, the network’s developers have successfully positioned a shadow fork in terms of the backing of staked ETH withdra...
Crypto Banks Borrow $13,600,000,000 From Federal Home Loan Banks To Meet Customer Withdrawals: Report
Two crypto-friendly US banks have borrowed at least $13.6 billion from Federal Home Loan (FHL) Banks to deal with a tidal wave of customer withdrawals amid the digital asset bear market, according to ...
Ethereum devs create ‘shadow fork’ to test conditions for Ether withdrawals
As the proposed date for the Ethereum Shanghai update draws closer, developers have created a testing environment called a “shadow fork,” according to a Jan. 23 tweet thread by Go-Ethereum developer M...
U.S Federal Home Loan Banks System (FHLB) lent billions to crypto banks amid surge in withdrawals – Cryptopolitan
To protect against the potential rise in withdrawals, The Wall Street Journal reported on Jan. 21 that two of America’s leading crypto banks are receiving billions of dollars from the Federal Home Loa...
Trouble in Ethereum? Devs Divided Over Staking Withdrawals in Shanghai Upgrade
Following the success of the Ethereum merge upgrade in September, all eyes are back on the network as it prepares to roll out its next big update. This one, dubbed Shanghai, promises to deliver somet...
Binance to Temporarily Suspend LUNC Withdrawals, Here’s When and Why
Tomiwabold Olajide Deposits and withdrawals to be temporarily suspended for LUNC, USTC and ANC Top crypto exchange Binance has announced it will temporarily suspend deposits and withdrawals for LUNC, ...
Nexo Bitcoin Withdrawals Surge Following Raid of Bulgarian Offices
– Advertisement – After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2...
Wyre Resumes Withdrawals and Deposits After Securing Financial Aid
The cryptocurrency payments company – Wyre – said it received financial backing that enabled it to continue its “normal course of operations.” It previously imposed withdrawal limits on customers, hin...
Nexo Bitcoin Withdrawals Surge Following Raid of Bulgarian Offices – Bitcoin News
After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2023. An archived snapshot of N...
Wyre announces to continue withdrawals without limit after “financing”
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Nexo sees withdrawals of $158 million in day after Bulgaria raid
Crypto lender Nexo has seen withdrawals worth more than $158 million in the last 24 hours after Bulgarian authorities raided its offices. Nexo had 133,263 BTC (around $2.5 billion) in customer l...
Wyre lifts 90% customer withdrawal limit after securing new funding
Wyre secured a new source of funding, allowing it to drop its recently introduced 90% customer withdrawal cap, the company said on Twitter today. “We’re excited to share that today we received f...
Ethereum Developers Prepare to Deploy Shanghai Public Testnet, Focus on Staked Ether Withdrawals – Technology Bitcoin News
According to the Jan. 5, 2023 All Core Devs (ACD) meeting, Ethereum developers are preparing to deploy a public testnet for the highly anticipated Shanghai hard fork in February 2023, with the mainnet...
With the ban on cash withdrawals in Nigeria, Bitcoin and Cardano may finally shine
Join Our Telegram channel to stay up to date on breaking news coverage The Nigerian government is eager to steer its economy toward cryptographic payments in light of the successful rollout of the dig...
Binance Lost $12 Billion in Assets Due to User Withdrawals
53 mins ago | 2 mins read Exchange News Binance users withdrew a total of $360 million on Friday, according to recent statistics. Binance Coin (BNB) has lost 29% of its value in the last two months. D...
Wyre Payments Becomes Latest To Limit Withdrawals Due To Crypto Winter
Amidst the crypto winter casualties continuing, the California-based crypto payment channel Wyre disclosed limits on withdrawals for all users. The payment company joins others that previously restric...
Gemini Strives To Keep Its Head Up With Exchange User Withdrawals, But For How Long? ⋆ ZyCrypto
Advertisement     For most crypto firms, 2023 continues right from 2022, following the collapse of former crypto king Sam Bankman-Fried’s empire in November. In the pa...
Huobi users fear solvency concerns amidst high layoffs & withdrawals
Things look grim for Huobi due to a hike in withdrawals from the platform. Users have shared fears regarding the centralized exchange’s solvency capabilities. A major reason behind such fears is repor...
Nigeria to Stop Cash Withdrawals From Government Accounts – Economics Bitcoin News
From the start of March, Nigerian public officials will be barred from withdrawing cash from government bank accounts, the head of the Nigerian Financial Intelligence Unit reportedly said. Public offi...
The Gemini Exchange Has Halted Withdrawals
The Gemini Exchange in New York – headed by the Winklevoss Twins – has halted all withdrawals, sparking rumors that the company could be next in a long line of crypto firms to file bankruptcy. Gemini ...
Ethereum Devs Opt For Withdrawals in March — And Nothing Else
Ethereum developers reached consensus on a Thursday developer call for stakeholders on the Ethereum execution layer — the software that executes smart contracts — reaffirming a March target for the Sh...
Wyre limits withdrawals to 90% of funds held in customer accounts
Crypto payment provider Wyre announced a change in rules that will limit customers to withdrawing no more than 90% of the funds currently held in each account. “We are modifying our withdr...
Justin Sun Moves $100M in Stablecoins to Huobi Amid Rush of Withdrawals
Crypto mogul and Tron founder Justin Sun today moved $100 million of his stablecoins to his crypto exchange Huobi after news dropped that it was cutting staff. According to blockchain data from Nanse...