Wednesday, February 8, 2023
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Binance Halting US Dollar Deposits and Withdrawals via Bank Accounts – Exchanges Bitcoin News

Global crypto exchange Binance is suspending deposits and withdrawals in U.S. dollars via bank accounts starting Wednesday as more and more banking institutions try to reduce their exposure to the crypto market. “We are working hard to restart service as soon as possible,” Binance said. Binance Suspending USD Deposits and Withdrawals Global

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Ethereum Plans ‘Shapella’ Transition on Zhejiang Testnet — Dev Insists ‘Withdrawals are Coming’ – Technology Bitcoin News

Ethereum core developers plan to activate the “Shapella” transition through the Zhejiang public testnet on Feb. 7, 2023, according to Tim Beiko of the Ethereum Foundation. If successful, Beiko said the Sepolia testnet could follow two days later, followed by the Goerli testnet. He noted that the testnet has a

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Bitzlato to Restore Operations and Withdrawals From Russia, Co-founder Vows – Exchanges Bitcoin News

Russia-linked cryptocurrency exchange Bitzlato, seized by Western law enforcement, plans to relaunch and permit partial withdrawals, a co-founder announced. Members of the trading platform’s team also intend to relocate the business to the Russian Federation. Co-Founder Says Exchange Will Provide Access to User Funds Crypto exchange Bitzlato is taking steps to restore

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Celsius Used New Customer Funds to Pay for Withdrawals: Independent Examiner

“In every key respect—from how Celsius described its contract with its customers to the risks it took with their crypto assets—how Celsius ran its business differed significantly from what Celsius told its customers,” Pillay wrote, after interviewing staffers, including former chief Executive Officer Alex Mashinsky, as well as customers of

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Celsius Floats Possibility of Debt Token to Repay Creditors; Secures Court Approval to Process Customer Withdrawals – Bitcoin News

The defunct crypto lender Celsius is exploring the possibility of creating a debt token to repay creditors. The plan would need to be approved by regulators, but if approved by the trustee and financial authorities, the debt token would be called an “asset share token (AST).” Celsius Proposes ‘Asset Share Token’

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Crypto Lender Celsius Wins Court Approval for Customer Withdrawals, Flare Token Airdrop

Customers are allowed to withdraw funds transferred to the platform after the bankruptcy petition date in the form of crypto "net of any gas fees or transaction costs," according to the order. The withdrawals will need to be approved by the appointed committee of creditors should the transfer amount exceed

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