A sudden increase in traffic leads the cryptocurrency exchange to temporarily curb movements Cryptocurrency exchange Binance has suspended Solana network withdrawals due to an “increased volume of transactions.” According to a March 6 announcement, the company expects to find a solution and restart withdrawals on March 9. “Withdrawals on the Solana (SOL) network have been
The bill will help fuel blockchain adoption and bring more support for digital currencies The Virginia Senate has passed a bill creating a workgroup earmarked to study the overall cryptocurrency ecosystem and make suggestions to promote its expansion. Senator Saddam Azlan Salim presented the bill on January 9, which seeks to keep miners from being
The lawsuit accuses the media outlet of defamation in its cryptocurrency coverage The Wall Street Journal will face a defamation lawsuit for an article published in 2023 that made allegations portraying illegal activities implicating cryptocurrency firms Tether and Bitfinex. Investigative platform OffshoreAlert reports that Christopher Harborne and his company AML Global filed a lawsuit against
The bankrupt company will have to figure out how to make the payments to avoid further legal issues The New York State Department of Financial Services (NYDFS) and Gemini cryptocurrency exchange have reached a deal that requires Gemini to return at least $1.1 billion to clients of its Gemini Earn Program via the cryptocurrency company’s
The government is moving cryptocurrency it seized in the wake of the Bitfinex hack The US government has transferred $922 million in Bitcoin from two crypto wallets that maintained the funds seized after the Bitfinex platform was hacked in 2016. The transfers happened on the same day Bitcoin surpassed $60,000 on February 28, the first
The scammer and FTX cryptocurrency exchange founder is pleading for mercy Attorneys for Sam “SBF” Bankman-Fried have filed a request in the US District Court for the Southern New York District for a prison sentence of between five and a quarter and six and a half years for their client. The former CEO of the
The cryptocurrency entrepreneur was sentenced to prison for fraud The US Court of Appeals for the First Circuit has upheld the fraud conviction of Randall Crater, the founder of the cryptocurrency project My Big Coin, who was sentenced to over eight years in prison. As a result, his plans for a new trial have been
Hong Kong crypto exchange BitForex is reportedly holding millions of its users’ funds The BitForex cryptocurrency exchange has suspended withdrawals for at least the past three days without any reason given. The exchange has also reportedly stopped talking to its customers, leaving them wondering about their funds. On-chain investigator ZachXBT said in a February 23
The SEC continues to be called out for questionable suits against the crypto ecosystem The Kraken cryptocurrency exchange has filed a motion to dismiss a November lawsuit from the US Securities and Exchange Commission (SEC), saying it sets a “dangerous precedent” for the agency’s remit. Kraken filed the motion with a San Francisco federal court
Anyone can introduce an L3 rollup on Ethereum for as little as $50 a month Blockchain infrastructure company Conduit has founded a new platform permitting users to create and deploy a layer-3 rollup on Ethereum or other networks in as little as 15 minutes for as low as $50 a month. Conduit revealed the launch
The move takes effect immediately but shouldn’t impact the cryptocurrency’s status Circle has announced that it will terminate support for its dollar-pegged stablecoin, USD Coin (USDC), on the Tron blockchain. The change is effective “immediately,” and the decision is consistent with “efforts to ensure that USDC remains trusted, transparent and safe.” “Effective immediately, we will
Bitcoin’s next halving is coming soon, and over $1 billion has been moved off the exchange Coinbase’s Bitcoin holdings have been reduced to their lowest level in nine years after users transferred a large portion of their holdings from the exchange. A report from CryptoQuant indicates that 18,000 Bitcoin worth nearly $1 billion were moved
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