Cryptocurrency Analysis and News Portal
The FTX debacle has triggered a bank run on Silvergate, causing the company to sell off its assets at a loss and cut staff by 40% to cover $8.1 billion worth of customer withdrawals.According to a report published by the Wall Street Journal, the bank liquidated debt that it was
Read More
Bitcoin (BTC) exchange users have forgotten all about the FTX scandal this Christmas, data shows.According to on-chain analytics firm Glassnode, exchange outflows have now hit their lowest levels in over six months.Still not your keys, still not your coins?As Bitcoin volatility sets a new record low in what is being
Read More
BlockFi intends to delete all “attempted” withdrawals after the platform pause from the user interface to sort out any confusion.Crypto lender BlockFi, which filed for bankruptcy on the 28th of November, has filed a motion with a US court to resume withdrawals for customers with crypto locked in its wallet
Read More
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 20, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original Source
Read More
Alibaba faced an “equipment anomaly” in the hardware controlling its cloud infrastructure due to which OKX services remained suspended for 7 hours. The exchange has now resumed withdrawals for BTC, ETH, and stablecoins.Over the last weekend, cryptocurrency exchange OKX faced massive disruption in its services and withdrawals after its cloud
Read More
Users of the crypto exchange Gate.io are facing slow deposits and withdrawals on transactions due to a node maintenance from a third-party cloud provider, according to an announcement on Dec. 18. Gate.io said the transactions are still being processed, and claimed the funds of users are safe. The company stated:"At this
Read More
Binance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto industry is facing challenges after high-profile bankruptcies and amid tightening regulations. $3 Billion Pulled Out From Binance at Peak, Nansen Data Shows Binance,
Read More
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 14, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original Source
Read More
Crypto exchange Binance has seen massive withdrawals over the last week.Binance, the world’s largest cryptocurrency exchange by trading volumes, has resumed the withdrawal of USDC stablecoin after pausing it temporarily for a few hours. On Tuesday, December 13, Binance had initially paused withdrawals due to a “token swap” and due
Read More
The world's largest crypto exchange by trading volume has endured a wave a withdrawals amid concerns about the exchange's reserves. Withdrawals of the stablecoin USDC were paused for several hours but have now resumed. Source
Read More