Cryptocurrency Analysis and News Portal
Bitcoin's price has been pinned below $26,300 since June 10, reflecting a 14.8% correction in two months. Meanwhile, the Nasdaq tech stock market index gained 13.6% in the same period, indicating that investors are not exactly fleeing to the safety of cash and short-term debt. In fact, the demand for
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Delio, a virtual asset manager and lending platform based in South Korea, has announced the temporary suspension of customer withdrawals “in order to safely protect the assets of customers currently in custody.”The company made the decision in response to the recent suspension of digital asset deposits and withdrawals at Haru
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The firm blamed the pause on a “certain issue” with one of its service partners, and said it is working on a contingency plan, according to a blog update. Original Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied TrueUSD (TUSD) has halted the minting of TUSD stablecoin tokens via fintech infrastructure provider, Prime Trust, causing a brief depegging. TrueUSD pauses minting of TUSD on Prime Trust In a June 10 post on its verified Twitter account,
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a move to streamline its buy, sell & convert service, Binance.US has announced a reduction in the number of supported convert trading pairs, bringing the total to 226. The announcement came amid the complaint filed by
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The second pause comes less than eight hours after its first pause as the crypto exchange grapples with unprecedented Bitcoin network congestion. Source
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More than a week after New York regulators closed the crypto-friendly Signature Bank, Coinbase has reportedly stopped support for the institution’s Signet payment platform.According to a March 20 report from the Wall Street Journal, Coinbase users won’t be able to use Signet to send funds outside of banking hours until
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“Our team are working very hard on alternative channels and solutions in real-time,” OKCoin CEO Hong Fang tweeted. “We've been through much worse times since our inception. If this weekend has told us anything, it's the significance of the future that we are building.” Source
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"During periods of heightened activity, conversions rely on USD transfers from the banks that clear during normal banking hours," Coinbase said in its tweet announcing the conversion pause. "When banks open on Monday, we plan to re-commence conversions." Original Source
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Lido Finance, a popular DeFi protocol, has paused the staking and withdrawal functionality of MATIC, the native token of Polygon, an Ethereum sidechain. In a tweet on Mar. 6, Lido Finance said the decision was reached due to a bug affecting stMATIC withdrawals. This decision was taken out of prudence to
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