Tuesday, October 4, 2022
Home > Deposits

Signature Bank’s Crypto Outflows Mitigated by Growth in Core Deposits, Wedbush Says

The $4.3 billion contraction in crypto-related deposits was steeper than estimated but not a surprise, Raymond James said in a report, also on Tuesday. The bank’s growth is not dependent on “digital currency ecosystem growth,” the note said, adding that while the firm’s exposure to the cryptocurrency ecosystem remains a

Read More

Binance to temporarily suspend ETH and WETH deposits and withdrawals ahead of the Merge

Cryptocurrency exchange Binance announced Monday that it plans to halt all deposits and withdrawals of Ethereum (ETH) and Wrapped Ethereum (WETH) on selected networks, starting September 6th at 2 am (UTC) in anticipation of Ethereum's Merge event.#Binance will suspend deposits and withdrawals for Ether $ETH and Wrapped Ether $WETH on

Read More

Binance to suspend ETH and ERC-20 deposits and withdrawals during Merge

Cryptocurrency exchange Binance will suspend deposits and withdrawals of Ether (ETH) and ERC-20 tokens during the blockchain's transition to its proof-of-stake (PoS) Beacon chain in September.The world’s largest exchange by transaction volume announced the move in a bid to provide stability during The Merge, which is touted to take place

Read More

Coinbase will ‘briefly pause’ ETH and ERC-20 token deposits and withdrawals during Ethereum Merge

United States-based cryptocurrency exchange Coinbase has announced it will be temporarily suspending certain token deposits and withdrawals when Ethereum’s core developers transition the blockchain to proof-of-stake, or PoS.In a Tuesday blog post, Coinbase product manager Armin Rezaiean-Asel said that during the Merge event, the crypto exchange will “briefly pause” deposits and

Read More

Bankrupt Crypto Firm Voyager Digital Approved to Release $270 Million in Cash Deposits – Bitcoin News

The now defunct and bankrupt Voyager Digital has been approved by the court to distribute $270 million in funds to creditors and affected customers. The news follows the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board ordering Voyager to remove any statements that allege Voyager is FDIC insured.

Read More

BNB rallies 39% despite smart contract deposits dropping 28% — Should investors be worried?

Cryptocurrencies’ total market capitalization bounced from $860 billion on June 30 to the current $1.03 trillion, a 20.6% relief in five weeks. Ether (ETH) might have been the absolute leader among the largest smart contract chains, but BNB managed to gain 39% over that period.BNB (blue) vs. Ether (orange), AVAX (cyan),

Read More

Deposits at non-bank entities, including crypto firms, are not insured — FDIC

The United States Federal Deposit Insurance Corporation, or FDIC, has issued an advisory informing the public it “does not insure assets issued by non-bank entities, such as crypto companies.”In a Friday notice, the FDIC advised banks in the U.S. that they needed to assess and manage risks in third-party relationships

Read More