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The latest price moves in bitcoin (BTC) and crypto markets in context for June 8, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original Source
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Ongoing regulatory pressure has created a difficult working terrain for the banking partners of Binance.US. Binance.US has told its customers that they may not be able to buy crypto with their US dollars from June 13. The Thursday announcement follows after the Securities and Exchange Commission (SEC) filed a lawsuit against
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Binance.US has announced the suspension of U.S. dollar deposits and has notified its customers of an incoming pause to fiat (USD) withdrawal channels as early as June 13.On June 9, Binance.US announced that it was forced to take action amid “extremely aggressive and intimidating tactics” from the Securities and Exchange
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Kraken is experiencing delays in deposits and withdrawals due to issues with multiple crypto funding gateways such as bitcoin (BTC), ether (ETH), and ERC20. On June 6, Kraken announced that it is addressing an issue causing delays
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Update: Kraken says it has implemented a fix and is currently monitoring the results.Cryptocurrency exchange Kraken says it is currently investigating an issue with several crypto funding gateways, including major ones such as Bitcoin (BTC), Ether (ETH) and ERC-20. On June 6, Kraken’s status page said, “Deposits and withdrawals are currently
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Kraken also saw a fivefold increase in app downloads within a week of OKX saying it was leaving the country back in March. Original Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On May 20, 2023, Binance made an announcement on Twitter that “Due to circumstances surrounding the protocol, Binance will temporarily pause $TORN deposits until further notice.” The exchange has since followed up the suspension with an announcement
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There are various choices accessible to PacWest Bancorp that could assist the business overcome the present shares devaluation. PacWest Bancorp (NASDAQ: PACW), a regional bank based in California, is seeing its shares plummet by 23%, days after reporting a 9.5% drop in deposits for the week ending May 4, 2023. Notably, the
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Customers of the bank may now use the world’s largest stablecoin for payments. Gibraltar-based Xapo Bank has further established itself as one of the world’s most crypto-friendly institutions. In its most recent move, the bank is set to allow its clients to make Tether (USDT) deposits and withdrawals, starting from the
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The crypto-friendly bank announced earlier in the year support for USDC services. Original Source
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