Bybit Suspends USD Deposits Via Bank Transfer
Dubai-based Bybit is the most recent cryptocurrency exchange to halt wire transactions in dollars, citing partner interruptions. Due to “service outages from a partner,” Dubai-based cryptocurrency exchange Bybit has stopped deposits in US dollars made through bank transfers. Wire transfers can be used to withdraw money until March 10. The cryptocurrency company stated that “USD […]
Crypto bank Silvergate forced to return $9.85M deposit to BlockFi
Silvergate Bank has been mandated to give $9.85 million back to BlockFi as part of the latter company’s continuing bankruptcy proceedings. According to that court document, BlockFi and Silvergate signed a contract in August 2020 under which the crypto bank would operate as a depository institution for the purposes of processing specific ACH transactions. BlockFi […]
Russia unveils mutual Fund for financing Crypto mining operations
A Russian business has revealed a new fund that will be used to subsidize cryptocurrency mining operations in the country. Finam management, a Russian investment management company, has introduced a new fund designed to finance cryptocurrency mining operations in the nation, according to Kommersant. Only approved investors with a minimum investment of 300,00 rubles (about […]
AS Roma Is Now Accepting Crypto Payments
The Italian football team AS Roma now backs XDB, a cryptocurrency that is built into the DigitalBits network. With the adoption of blockchain technology, AS Roma has become the first team in the annals of professional football, with Paulo Dybala serving as brand ambassador for MonkeyLeagues. According to Daniele Mensi, general director of the DigitalBits […]
Binance starts anti-scam campaign after Hong Kong pilot run
Binance is starting a campaign to stop scams by sending tailored alerts to potential victims in conjunction with law enforcement organizations. The “Joint Anti-Scam Campaign” project, which the corporation is currently planning to expand into additional jurisdictions, was initially launched in Hong Kong. In accordance with the company’s post, it worked with the Cyber Security […]