withdrawal
Bitcoin Exits OKEx Exchange in Droves as Withdrawal Service Reopens
OKEx users have withdrawn 2,822 Bitcoin (BTC) from the exchange within 15 minutes of withdrawal services reopening after they were suspended due to an investigation.
Bakkt Opens Long-Awaited Bitcoin Warehouse For Deposit and Withdrawal
Bakkt has finally announced the launch of its long-awaited for the withdrawal and deposit of Bitcoin, Bakkt had said in its announcement that it's potential clients are customers who are willing to deposit and withdraw Bitcoin.
KuCoin Exchange Restores All Token Deposit and Withdrawal Services Following Massive Hack
KuCoin announced yesterday that the withdrawal and deposit services for all tokens will finally be resumed on the crypto exchange.
Is Cryptocurrency the Answer? Egypt’s Central Bank Limits Daily Cash Withdrawals Amid Coronavirus Crisis
Egypt is facing a severe cash crunch as the country is feeling the economic pressure of the coronavirus outbreak. The central bank of Egypt has instructed local banks to begin restricting daily withdrawals and has instructed citizens not to withdraw so much money.
DCG Completes Payment of Short-Term Debts to Dissolved Crypto Lender Genesis
Digital Currency Group paid up all short-term loans to Genesis, a previous bitcoin lending platform, as promised. DCG repaid $700 million in 2023 despite crypto sector woes. Genesis filed for bankruptcy in early 2023 after a withdrawal halt due to obligations of over $3.5 billion to its principal creditors. The bitcoin market is changing significantly with this development.
Kraken Halts ACH Deposits and Withdrawals via Silvergate
Kraken has notified its users that it will no longer support ACH deposits and withdrawals via Silvergate starting from March 27, citing difficulties with the automated clearing house. Kraken has advised its users to use alternative funding options until ACH funding is available again.
Binance Australia Maintains AUD Withdrawals Despite Suspension of PayID AUD Deposits
Binance has announced an immediate cessation of PayID AUD deposits and potential impacts on bank transfer withdrawals for its users. The unexpected decision follows an action taken by its third-party payment service provider.
Arbitrum DAO Approves Additional Funding for STIP Proposals
Arbitrum Decentralized Autonomous Organization approves $23.4 million budget increase for STIP, supporting emerging builders and creating welcoming environment for new projects, raising total budget to 71.4 million ARB tokens.
Trust Wallet Partners with Ramp and MoonPay for Crypto-to-Fiat Withdrawals
Trust Wallet has partnered with Ramp and MoonPay to offer seamless crypto-to-fiat withdrawals for its users. The feature allows Trust Wallet users to convert crypto to fiat directly within the app, eliminating the need for transferring funds to a centralized wallet. This development comes at a time when centralized exchanges and P2P platforms are shutting down.
Binance Crypto Withdrawals Spike Before CFTC Accusations
Almost a billion dollars in cryptocurrency was withdrawn from Binance shortly before the US CFTC accused the exchange of regulatory violations. The total amount withdrawn from multiple platforms in the 12 hours preceding the indictment was almost $1.5 billion, with over half of that amount coming from Binance. Despite the withdrawals, Binance still holds over $63 billion worth of cryptocurrency assets.
ETH Price Surpasses $2,000 Despite New Supply After Shapella Update
Despite concerns of a potential dump due to a new supply of Ether hitting the markets after the Shapella update, the price of ETH has surpassed $2,000 and maintains the level. Only around 1% of staked ETH may hit the market after Shapella, according to crypto analytics firm Glassnode. Crypto exchanges have expressed support for ETH unstaking.
Curve Founder Michael Egorov Withdraws Near 12 Million CRV Tokens
Michael Egorov, the founder of Curve Finance, withdrew nearly 12 million CRV tokens, equivalent to $5.08 million, from the platform's vesting contracts on October 12, 2023. This move aligns with the vesting schedule of CRV, enabling Egorov to claim $235,000 worth of CRV daily.
Bitcoin Withdrawals from Exchanges Surge to a 17-Month High
New data from Glassnode reveals that Bitcoin (BTC) withdrawals from crypto exchanges have hit a 17-month high of 2,288.125.
Babel Finance Halts Withdrawals as Crypto Market Plunges
Amid the current selloff, Babel Finance has become the latest to suspend withdrawals. The crypto lender said that its woes are triggered by the current difficult market conditions.
CoinDCX Suspends Deposits and Withdrawals, Citing Compliance Requirements
CoinDCX has suspended withdrawals. The exchange said compliance, risk and monitoring requirements necessitated the decision. All users are expected to follow an enhanced due diligence process to enable crypto deposits and withdrawals.
Ethereum's Shapella Upgrade Complete
Ethereum's Shapella upgrade has been successfully completed, allowing validators to withdraw their staked Ether on the Beacon chain. Over 44% of active validators have the ability to request partial or full withdrawals, with most withdrawals being for staking rewards. Major exchanges have announced their support for ETH unstaking, with several already processing withdrawal requests.
Brazilian Crypto Lender BlueBenx Halts Withdrawals after Suffering Hack of $32M
Brazilian crypto lending platform BlueBenx is under scrutiny after it halted its users' withdrawals due to a hacking of $32 million.
OKX to Halt Services in Canada Due to New Regulations
Cryptocurrency exchange OKX has notified its Canadian users that it will no longer provide services or allow new account openings in Canada, starting on March 24, 2023, due to new regulations. Existing Canadian customers must close open positions in options, margins, perpetual, and futures by June 22, 2023, and fiat or tokens must be withdrawn by the same date.
Houbi Imposes A 24-Hour Delay on Crypto Withdrawals to Control Speculative Trading
Houbi has introduced a 24-hour condition before customers make withdrawals of crypto funds in OTC transactions, aiming to discourage crypto-related speculations.
Finblox Raises Withdrawal Limit, Exploring Lawsuit against 3AC
Finblox has increased its limits for crypto withdrawals. Crypto staking platform raised the cap from $1,500 monthly to $3,000 daily. Finbox also plans to recover its funds from Three Arrows Capital through legal actions.
Ethereum staking volume surpasses withdrawal volume post-Shapella upgrade
After the successful Shapella upgrade, Ethereum's staked ETH volume has surpassed the withdrawal volume for the first time. According to data from Nansen, more ETH is currently being staked than withdrawn, with the staking volume reaching 124,000 ETH, while the withdrawal volume is at 64,800 ETH. The majority of validators are restaking their unlocked Ether, and early withdrawals are primarily staking rewards.
Ethereum Beacon Chain Sees Over $2 Billion Worth of ETH Withdrawn in Four Days
Over 1 million ETH, worth $2.1 billion, has been withdrawn from Ethereum's Beacon Chain within the first four days of the Shapella hard fork, with nearly 87% of active validators now able to withdraw their staked Ether. Despite initial community uncertainty about the impact of Shapella on ETH's price, the first four days have resulted in close to a 10% rise, with much of the withdrawn stake being reinvested in the Beacon Chain for interest compounding purposes.
Binance Freezes Withdrawals and Suspends Core Services As Crypto Market Runs Hot
As the cryptocurrency market reaches all time high retail interest, exchange giant Binance has announced a temporary suspension of services for maintenance on its platform.
FTX EU Launches Website for Customer Withdrawal Requests
FTX EU has launched a website for European customers to submit withdrawal requests following the global trading platform's collapse and bankruptcy in November 2022. The Cyprus Securities and Exchange Commission reportedly approved the new website domain name, which will only be used to pay back impacted customers and will not offer any products or services.
Bittrex Global to End Trading on Dec 4, 2023
Bittrex Global, a Liechtenstein-based cryptocurrency exchange, will cease operations on December 4, 2023, following regulatory challenges and legal proceedings, requiring customers to convert U.S. dollar holdings.
Vauld Suspends Withdrawals, Exploring Restructuring amid Market Downturn
Vauld has become the latest crypto firm to halt trading, deposits, and withdrawals. The lender is exploring improvements in its corporate performance through restructuring exercises.
OKX Launches Turkish Lira Deposits and Withdrawals
OKX recently announced its name sponsorship of Istanbul Fintech Week, taking place on 13-14 April, 2023. Tim Byun, OKX’s Global Government Relations Officer, will deliver a keynote at the event.
More Than $400 Million in Bitcoin Withdrawn from BitMEX Following CFTC Charges
$400 million have been withdrawn from Bitmex in less than 24 hours after the US CFTC filed a legal enforcement action against the exchange’s owners.
Mixin Network Suffers $200 Million Hack
Mixin Network's cloud service provider database was hacked on September 23, 2023, leading to a loss of approximately $200 million. Blockchain security firm SlowMist is aiding in the investigation. Deposit and withdrawal services have been temporarily halted on Mixin Network.
FTX Japan Users Withdraw Funds Amidst Legal Battle
FTX Japan users have begun withdrawing all their funds after the slowdown in fund withdrawals due to Binance liquidating its FTX Token (FTT) holdings. While FTX Japan resumed withdrawals on Feb. 21, the legal battle with Sam Bankman-Fried (SBF) continues.
Bybit Launches Debit Card for Crypto Payments
Cryptocurrency exchange Bybit is launching a new debit card that will allow users to make payments and withdraw cash using their cryptocurrency holdings. The card will work with Bitcoin, Ether, Tether, USD Coin, and XRP balances on user accounts and will be issued by payments solutions provider Moorwand.
KuCoin Loses $150 Million Due to Security Breach But Compensation to Follow
KuCoin, a Singapore-based crypto exchange, has disclosed the suspicious withdrawal of large amounts of Bitcoin, ERC-20, and Ether.
OKEx Crypto Exchange to Resume “Unrestricted Withdrawals,” Causing OKB Token Price to Rise More
Following a temporary suspension of withdrawal services to cooperate with an investigation, OKEx said it will resume withdrawals on or before November 27.
OKEX Suspends Withdrawals Causing a Bitcoin and OKB Token Price Plunge
OKEx has caused a mild selling panic in the crypto markets after suspending withdrawal services to cooperate with an investigation with the BTC price plunging nearly 3%.
Huge Worries As Some Coinbase Customers Express Dissatisfaction Over $10 Maximum Daily Limit
According to ongoing reports and speculation from some quarters in the cryptocurrency world, as regard allegations being brought against Coinbase, the United States San Francesco based cryptocurrency giant exchange and wallet service of restricting some clients to a maximum withdrawal of $10 per day.
How to Buy Bitcoin Cash in South Korea: Bitcoin.com and Mecon Cash Will Enable BCH Withdrawals at ATMs
A strategic partnership between Bitcoin.com and Mecon Cash made it possible for Bitcoin Cash to be added to Mecon Cash’s M.Pay platform which has over 13,000 ATMs in South Korea, thereby making the withdrawal of BCH to South Korea nationals easy especially in places that are yet to integrate peer-to-peer electronic cash transactions.
OKEx Founder Star Xu Arrested After Crypto Exchange Suspends Withdrawals
Following the sudden suspension of OKEx's withdrawal services, it has been reported that the exchange's founder Star Xu has been taken into police custody.
May 12: No Hype Needed for BTC
BTC largely unchanged in the last 24 hours post the halving with hash rate dipping slightly. With the halving behind us now, you've 1,458 days to talk about the next for those suffering from hype withdrawal symptoms. What's more interesting than the halving yesterday was Paul Tudor Jones admitting that he has 1-2% of his assets in bitcoin and that it's a "great speculation".
Bitwise Pulls Bitcoin ETF To Sort Through SEC Response
Bitwise has officially withdrawn its Bitcoin exchange-traded fund registration filing from the United States Securities and Exchange Commission.
Hacked Crypto Exchange KuCoin Back In Business With Crypto Deposit and Withdrawals
Following the hack of its platform resulting in a reported loss of over $150 million, KuCoin exchange is back in business after completing some wallet upgrades