ZEN INVESTING
BitMEX Announces Wallet Maintenance Affecting Withdrawals on November 1
BitMEX will undergo scheduled wallet maintenance on November 1, 2024, temporarily halting withdrawals from 02:00 to 03:00 UTC. Deposits excluding BTC will be delayed until maintenance concludes.
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.
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.
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.
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.
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.
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.
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.
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.
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.