Monat: März 2023

Overview • Binance withdrawals have surged to $852 million in 24 hours amidst regulatory woes. • CFTC filed a lawsuit against Binance on March 27th for violations of operating a non-compliant cryptocurrency exchange. • Some users are reporting difficulty in off-ramping during this period via social media. Binance’s Withdrawal Surge Binance has experienced withdrawals of…

• In the last 24 hours, three digital assets have seen significant price movements: XinFin (XDC), Joe (JOE) and HEX (HEX). • XinFin has had a 24-hour increase of 21.37% and a 30-day increase of 58.09%. It is currently trading with a market capitalization of $598 million and an all-time high (ATH) of $0.19451. •…

• Marathon Digital, a Bitcoin miner, said their funds held at Signature Bank are safe and available for use after the bank closure. • Marathon Digital holds 11,000 Bitcoin which provides it „financial optionality that extends beyond the traditional banking system.“ • Other firms like Paxos, Coinbase and True Coin also had exposure to Signature…

• Silvergate Bank must return $9.85 million to BlockFi as part of the latter firm’s bankruptcy proceedings. • The two companies entered an agreement in August 2020, where Silvergate acted as a depository institution and BlockFi established a reserve containing $10 million. • Silvergate recently delayed its 10-K filing due to ongoing regulatory investigations, leading…