Hotbit Cryptocurrency Exchange Announces Closure, Urges Users to Withdraw Assets

Cryptocurrency exchange Hotbit announced its closure after five years of operation and asked users to withdraw their remaining assets by June 21. All operations on the exchange will cease today, May 22. The company explained that to a large extent the decision to close wa ...

Chairman of FDIC Attributes American Signature Bank Collapse to Liquidity Crisis and Crypto-Related Risks

Investigation of the collapse of the American Signature Bank found that the cause was a liquidity crisis and poor management. However, the chairman of the Federal Deposit Insurance Company (FDIC) is sure: cryptocurrencies have done their part. Martin Gruenberg, speaking ...

Binance Withdraws from Canadian Market Due to Regulatory Environment

Binance, the largest cryptocurrency exchange, said it is joining other prominent cryptocurrency firms and "proactively" withdrawing from the Canadian market. This is due to the regulatory environment in the country. Representatives ...

FDIC Sets Deadline for Cryptocurrency Clients of Bankrupt Signature Bank to Withdraw Funds

The FDIC, the U.S. Federal Deposit Insurance Corporation, has recently announced that customers of Signature Bank who hold cryptocurrency accounts have until April 5th to close their accounts and withdraw their funds. As of March 20th, Flagstar Bank has taken over the operation of 40 former Signa ...

Kraken Faces Challenges with ACH Channel Due to Silvergate Bank Issues

Kraken Cryptocurrency Exchange Faces ACH Channel Challenges with Silvergate Bank Kraken, a major cryptocurrency exchange, has recently faced difficulties with its Automated Clearing House (ACH) deposit and withdrawal channel due to issues with its banking partner, Silvergate Bank. As a result, Kr ...

Bitzlato Presents Instructions for Withdrawing User Funds in Bitcoins

It is important to note that allegations of money laundering against Bitzlato by foreign law enforcement officers have not been proven and the company has denied any wrongdoing. However, the company has provided instructions for users to withdraw their funds. Users of Bitzlato are advised to che ...

CoinEx to End Services for US Citizens and Residents Following Regulatory Changes

CoinEx, a cryptocurrency trading platform, has notified its users that it will no longer be able to offer its services to individuals who are either citizens or residents of the United States, as the new regulations put forth by local regulatory bodies make it impossible to continue. Users based ...

FTX Japan Confirms Customer Funds Withdrawal in February Despite Bankruptcy Proceedings

FTX Japan, a subsidiary of the FTX exchange, which is currently undergoing bankruptcy proceedings, has announced that its customers will be able to receive their funds in February. The exchange has sent notifications to its customers, informing them that they can now verify their bank accounts an ...