Cryptocurrency Analysis and News Portal
A glance at data from Arkham Intelligence shows the behind-the-scenes operational reality that drove billionaire Sam Bankman-Fried's beleaguered FTX exchange to order a withdrawal halt this week. Source
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Phemex, a Singapore-based cryptocurrency exchange, seems to be attracting all of the industry’s attention. They’re bringing back the popular Deposit Dazzle event
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In a cease-and-desist letter to fast-growing crypto exchange FTX, the Federal Deposit Insurance Corporation (FDIC) shed light on a now-deleted tweet from the exchange’s president, Brett Harrison, and issued a stark warning over the company’s messaging.Harrison’s original tweet said, “Direct deposits from employers to FTX US are stored in individually
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“USD in your Voyager cash account is held at MCB and is FDIC insured," Voyager added. "That means you are covered in the event of MCB’s failure, up to a maximum of $250,000 per Voyager customer. FDIC insurance does not protect against the failure of Voyager, but to be clear:
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On-chain data shows Bitcoin miners have deposited large amounts to derivatives exchanges recently, a sign that these network validators may be hedging against potential future falls. Bitcoin Miners Have Been Transferring To Derivatives Exchanges Recently As pointed out by an analyst in a CryptoQuant post, around 4.3k BTC has exited miner reserves
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Binance has chosen a new payments partner amid the suspension of direct fiat deposits and withdrawals in Brazil. The company stated it will now work with Latam Gateway, a payments processing company that has been in the payments intermediation business since 2019. Binance reported it would be working to normalize
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The rate increases across BTC, ETH, USDT and other crypto deposits come after layoffs at the company and a $250 million emergency line of credit from FTX. Original Source
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In response to Aave’s proposal, however, Maker’s Risk Core Unit (RISK-001) initiated a proposal to temporarily disable the Aave DAI Direct Deposit Module, effective today, June 17. The Risk Core Unit described Aave’s governance proposal to increase the liquidation threshold for stETH to 90% as an “unacceptable risk to the
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press release PRESS RELEASE. To help traders earn more cryptocurrency, leading crypto derivatives exchange Bexplus has launched a 100% deposit bonus promotion to all traders. If you deposit 1 BTC, 2 BTC will be credited to your account. Every user can get up to 10 BTC for each deposit. Bitcoin’s high
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Binance, the world’s biggest crypto exchange by trading volume, announced earlier on Tuesday that it will be temporarily pausing deposits and withdrawals for Polygon (MATIC) Network.The announcement came in the wake of the Polygon network’s outage since March 11 after a network upgrade. The crypto exchange noted that it would
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