Cryptocurrency Analysis and News Portal
Crypto exchange Coinbase has refuted rumors that it had imposed a $5,000-per-week limit on Bitcoin (BTC) withdrawals after a user’s post claiming as such gained traction on social media.An Oct. 24 post from a user on X (formerly Twitter) claimed that he’d been hit with a purported policy that restricted
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Minnesota Congressman Tom Emmer plans to present a budgetary amendment to limit the U.S. Securities and Exchange Commission (SEC) from utilizing its crypto regulations budget. Emmer, a Republican who holds the role of Majority Whip in the U.S. House of Representatives, is gearing up to sponsor a significant appropriations amendment
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Binance cryptocurrency exchange customers are allegedly facing troubles with fiat withdrawals in Europe due to issues related to the Single Euro Payments Area (SEPA) transfers.The exchange has allegedly suspended euro withdrawals and deposits via SEPA, Binance’s customer support wrote in a now-deleted message on X (formerly Twitter) on Aug. 20.In the
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More controversial changes are coming to Twitter, with the social media platform set to introduce daily direct message (DM) limits for unverified users. In a July 21 tweet, Twitter Support stated that the platform will “soon be implementing some changes in our effort to reduce spam in Direct Messages.” “Unverified
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Mark Zuckerberg’s Twitter alternative, Instagram Threads, has been forced to implement rate limits in response to a growing number of reports citing spam attacks and crypto-shilling bots.Instagram head Adam Mosseri announced the introduction of rate limits in a July 17 post on the Threads app. Adam Mosseri’s explanation for the
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Developers have proposed raising the validator limit from 32 ether (ETH) to 2,048 ether – a 6,300% rise. This has forced large entities, such as Lido or staking services offered by crypto exchanges, to spin up multiple validator nodes to offer staking yield services to users. Source
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Evertas, an insurance company focused on digital assets, recently announced an increase in coverage limits and the addition of mining operations to its coverage portfolio.The insurer’s per-policy coverage limits on custodial cryptoassets will increase to $420 million, “nearly tripling the amount of risk transfer previously available to blockchain focused projects," according
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The new rules will look to regulate stablecoins like commercial bank money, “including the requirement that the coins should be redeemable from the stablecoin arrangement, in fiat money, at par value and on demand,” Cunliffe said. Stablecoins, however, will not receive protection against failure in the same way that commercial
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Crypto rules form part of a money-laundering overhaul supported by the European Parliament Committees Source
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On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers £329 million annually. The limit imposed on crypto exchanges is £1,000 daily ($1,215), with a 30-day limit of £5,000 ($6,077). Natwest’s Cautious Approach Towards Crypto Assets Prompts Another Transfer
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