According to the director of Coinbase, the main staking wallet for BinanceUS has withdrawn from all staking pools (includes $150M of ETH, $2.5M of MATIC, and assets like SKL and T) and sent all funds back to cold storage. Coinbase director Conor included a screenshot and a link to the
The Bittrex Crypto Exchange officially filed for bankruptcy. This occurs just over a month after the Security Exchange Commission (SEC) charged Bittrex with repeatedly breaking security regulations. In a filing submitted on May 8 to the United States Bankruptcy Court for the District of Delaware, Bittrex reported that it has
On May 8, Binance, the world’s biggest cryptocurrency exchange, paused bitcoin withdrawals for several hours, attributing the delay to high volumes and a spike in processing fees, before eventually processing them at a higher cost. Over Sunday night and Monday morning, the largest crypto exchange in the world suspended bitcoin
Cryptocurrency exchange Binance restarted bitcoin withdrawals on Monday after stopping them for the second time in a day due to high volume. Binance had stopped withdrawals earlier in the day for approximately one hour, alleging a significant delay in pending withdrawal requests as the reason. $BTC withdrawals are now resumed
In a significant development for the crypto trading community, leading cryptocurrency exchange WazirX has announced the introduction of the Indian Rupees (INR) market for trading the popular token, Injective (INJ). This move allows users to seamlessly buy, sell, and trade INJ with INR on the WazirX platform, offering enhanced accessibility
The U.S. Justice Department’s national security division is investigating Binance Holdings to determine whether the cryptocurrency exchange was illegally utilized to allow Russians to move funds through it in violation of US sanctions related to Russia’s invasion of Ukraine, as per the Bloomberg report. This is not the first time
Coinbase, a leading cryptocurrency exchange, has recently announced its Q1’23 financial results in a tweet. The full letter to shareholders can be found on the company’s Investor Relations website. The tweet also stated that Coinbase has been focused on building an increasingly efficient business that can do more for less.
Since “Ethereum’s Shanghai upgrade,” the two largest centralized cryptocurrency exchanges, Binance and Coinbase, have seen significant outflows of staked Ether (ETH) as investors turn to decentralized competitors. According to Dune Analytics data, the world’s largest cryptocurrency exchange, Binance’s staking service, has seen a net outflow of $340 million. In addition,
Kenya, a country in East Africa has recently introduced 1.5 percent taxes on commissions for crypto trading and exchange over four million people in the country. Considerably, in April 2023, the country will scrap the 1.5% tax imposed on crypto trades for foreign operations, says William Ruto, the president of
Binance, the world’s largest crypto exchange, has announced its collaboration with Unstoppable Domains, a company specializing in blockchain domain names. This collaboration allows users to choose their preferred digital identities. By owning such a domain name, it makes it easy to send or receive cryptocurrencies instead of using alphanumeric wallet
