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Coinbase Halts Trading for Move Token Coinbase, one of the leading cryptocurrency exchanges, has suspended trading for Move Token due to ongoing technical issues. The move comes as a surprise to many investors who were actively trading the token on the platform. The decision to halt trading was made in order to address the technical [...]
Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has announced the opening of a new office in Miami. This expansion comes as the company faces setbacks with the Securities and Exchange Commission (SEC) temporarily halting their plans for an initial public offering (IPO). The Miami office is expected to serve as a hub [...]
The post Gemini Expands to Miami Following Judge’s Decision to Halt SEC Case appeared first on Crypto Breaking News.
Solana’s lending platform, SolRazr, has temporarily stopped its services after a hack resulted in a loss of $5.8 million. This incident has raised concerns regarding the security of decentralized finance (DeFi) platforms. The exploit occurred due to a vulnerability in the smart contract used by SolRazr, allowing the hacker to drain funds from the platform. [...]
The post Solana’s Loopscale halts lending following $5.8 million cyberattack appeared first on Crypto Breaking News.
The lending platform Nostra has recently encountered a significant issue with its price feed, impacting the service it provides to users. This disruption has raised concerns among borrowers and lenders utilizing the platform. The critical price feed problem has led to uncertainty and confusion regarding the accuracy of asset prices and the resulting loan-to-value ratios. [...]
The post DeFi Lender Nostra Halts Borrowing Due to Price Feed Error appeared first on Crypto Breaking News.
A Democrat has requested Scott Bessent to stop President Trump’s investment in Bitcoin. The move comes amid concerns about the potential risks and implications of the President’s cryptocurrency holdings. The Democrat’s call for Bessent to divest from Bitcoin reflects growing unease over the intersection of politics and digital assets. The concerns raised by the Democrat [...]
The post Democratic Lawmaker Calls on Treasury to Halt Trump’s Bitcoin Reserve Proposal appeared first on Crypto Breaking News.
In cryptocurrency news that has caught most crypto enthusiasts by surprise, cryptocurrency exchange Hotbit has today (May 22, 2023) announced that it is halting its operations with immediate effect. In its official communication, the exchange has asked its users to withdraw their funds before June 21, at 4:00 am UTC. Deteriorating operating conditions Hotbit has …
<p>The post Hotbit halts operations, urges customers to withdraw funds first appeared on CCNC | Cryptocurrency Newscast.</p>
Coinbase (NASDAQ: COIN) has announced it is discontinuing its business relationship with Silvergate (NYSE: SI), a crypto-friendly bank that is looking increasingly in trouble following the crypto winter and the collapse of FTX. On Thursday, Coinbase said it will no longer accept or initiate payments with the bank and that going forward, it will facilitate ...
<p>The post Coinbase, Paxos halt business with Silvergate Bank | Invezz first appeared on CCNC.</p>
In a previous post on Twitter, the AAX exchange said it has no financial exposure to FTX and its affiliates.
The crypto yield platform said one of its trading strategies "appears to have failed" forcing the firm halt services earlier this week.
The company said it’s going to diversify its underlying portfolio before reenabling its services that offer up to 43% yields.
Binance, the world’s largest cryptocurrency exchange by volume, has announced it will auto-convert users’ USD Coin (USDC) and two other stablecoins into the native Binance USD (BUSD) starting 29 September 2022.
The crypto platform said in a Monday notice to customers that the auto-convert feature will also be utilised for the stablecoins USDP and TUSD.
“In order to enhance liquidity and capital-efficiency for users, Binance is introducing BUSD Auto-Conversion for users’ existing balances and new deposits of USDC, USDP and TUSD stablecoins at a 1:1 ratio,” Binance wrote in a blog post.
From 03:00 UTC on the effective date, the exchange’s users will only be able to trade with BUSD showing in their account. This means that although users will continue to deposit any of the listed stablecoins, their accounts will only reflect a consolidated balance in Binance USD (BUSD/USD).
Binance users can choose to convert the above stablecoins into BUSD manually, but this will be automated on the indicated date. However, customers will continue to withdraw funds from their BUSD balances in any of USDC, TUSD and USDP at 1:1 ratio.
Binance removes USDC spot pairsAs well as converting USDC, USDP and TUSD, Binance expects to stop supporting spot trading pairs for these stablecoins.
Spot trading pairs USDC/BUSD, USDC/USDT and similar combinations for USDP and TUSD will also cease on 26 September 2022 at 03:00 (UTC).
Meanwhile, the platform plans to halt spot trading for USDC on 29 September 2022, with the removal affecting multiple cryptocurrencies including USDC pairs of Bitcoin (BTC), Cardano (ADA), Ethereum (ETH) and Litecoin (LTC).
Other tradable pairs removed will be ATOM/USDC, BCH/USDC, BNB/USDC, EOS/USDC, LINK/USDC, SOL/USDC, and XRP/USDC among others.
By the said date, USDC will no longer be a tradeable asset on Binance.
The post Binance to halt support for USDC as a tradable asset appeared first on Invezz.
Brazilian crypto lending platform BlueBenx is under scrutiny after it halted its users' withdrawals due to a hacking of $32 million. (Read More)
The ED is investigating more than ten crypto exchanges in India. The move on Vauld comes after a Singapore court
Celsius have to make their mind up soon, as the proposition from Nexo will expire in the next 7 days.
Continue reading Nexo Offers Celsius Buy Out Option in the Wake of Service Freeze at DailyCoin.com.
Moving huge amounts of wBTC and stETH and halting all transactions on the platform without clear explanation have left a lot of users biting their nails.
In May, the crypto-staking network allegedly had $12 billion in client assets. The token was trading at a low of
Click here to read our crypto digest with current news surrounding the crypto space.
The U.S. Securities and Exchange Commission (SEC) has halted a $62 million global cryptocurrency trading and mining scheme and the Department of Justice (DOJ) has indicted its CEO and founder. If convicted of all counts, he faces a maximum total penalty of 45 years in prison, the Justice Department. SEC Halts $62M Global Cryptocurrency Fraud […]
CryptoMotors seems like a hodgepodge of F-Zero from GameCube, Asphalt from iOS and Android, and Nintendo's Mario Kart, but on blockchain
CryptoMotors seems like a hodgepodge of F-Zero from GameCube, Asphalt from iOS and Android, and Nintendo's Mario Kart, but on blockchain
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