CoinLoan said that the safeguards would only be in place for a short period of time. The previous maximum withdrawal limit was $500,000 a day. Currently, CoinLoan has a daily withdrawal limit of $5,000, a 99 percent drop from its former maximum. An increase in money withdrawals necessitated the company’s
The coin has bounced back recently and is up 8.91% in the last 24 hours. Rumours started circulating on Crypto Twitter that KuCoin was about to fall. Over the past seven days, the price of KuCoin Token (KCS), the cryptocurrency exchange’s native token, has plummeted due to insolvency rumors. As
Vauld has raised around $27M from investors to expand its platform. The company hired Kroll Pte Limited as a financial advisor. Vauld intends to apply a moratorium in the Singapore courts. Today, Singapore-based cryptocurrency lending and exchange venture Vauld has halted all withdrawals, trading, and deposits on its platform As
The crypto market appears to be falling further due to the low trade volume. Crypto experts believe that Bitcoin would reach down to $6,000. There are many factors for the dip in BTC’s price value. The crucial reality is that BTC has dropped to $19,000, has already hit $18,000 in
FTX US has inked a term sheet that allows for a takeover of the ailing crypto lender. BlockFi would take care of its customers before it had to make good on its debt to FTX. FTX US, the U.S. section of the crypto exchange run by billionaire Sam Bankman-Fried, has
The Voyager has halted its operation from July 1, 2.00 PM ET. The 3AC has a default of around $646 million to Voyager, in terms of BTC and USDC. Another crypto firm got halted this week, Voyager Digital LLC platform officially declared its halting on July 1 by publishing an
BlockFi received a $250 million line of credit from FTX. Massive leverage is the root of many problems afflicting the crypto community. The current bear market and the aftermath of Terra LUNA and UST last month have significantly impacted the crypto industry. The demise of Terra set off a chain
The total sum being discussed has not been made public yet. The company sold its stake in 3AC and reduced 20% of its personnel this month. Wall Street Journal reports that well-known cryptocurrency exchange FTX is planning to buy a stake in lending company BlockFi. It seems that talks between
More than $500 million to $1.5 billion was traded in the last 24 hours. FLEX Coin, will be suspended in addition to the suspension of withdrawals. CoinFLEX, a cryptocurrency exchange, has halted withdrawals, joining a growing number of companies that have done the same. CoinFLEX said today that it has
Bitcoin reached a new low from December 2020. The whole crypto market lost over 70% of its value. A Bearish trend in the crypto world yet ended as a result of this, most dominant cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) reached a new low in 18 months. BTC touched the
