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deposits

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09 Jun 23

BinanceUS suspends USD deposits and withdrawals

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied BinanceUS has announced the suspension of USD deposits and fiat withdrawal channel pauses amid the ongoing legal battle with the US SEC. The move aims to protect customers and maintain operational efficiency as the exchange transitions to a crypto-only platform. However, […]

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30 May 23

Binance restarts TORN deposits on ETH and BNB blockchains

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On May 20, 2023, Binance made an announcement on Twitter that “Due to circumstances surrounding the protocol, Binance will temporarily pause $TORN deposits until further notice.” The exchange has since followed up the suspension with an announcement on May 29, stating […]

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18 May 23

Binance Australia suspends AUD deposits

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance Australia has hit a roadblock with Australian dollar (AUD) deposits following the withdrawal of support from its third-party payment provider. Shortly after the announcement, Australian banking giant Westpac banned customers from making payments to Binance. Binance Australia announced that effective […]

Silicon Valley Bank3

02 Apr 23

FDIC reportedly places SVB funds, including customer deposits, under receivership

A fortnight after the newly appointed Silicon Valley Bank (SVB) chief executive officer (CEO) cheered customers to return funds to the bank, the Federal Deposit Insurance Corporation (FDIC) has reportedly sent emails informing customers that their funds were in receivership. Mayopolous woos depositors Developments emanating from the embattled SVB, after Mayopolous’ advice, have shocked depositors as […]

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23 Mar 23

Xapo Bank enables USD Coin (USDC) deposits and withdrawals

Xapo Bank has announced that its members can now directly deposit and withdraw their USDC stablecoins on its regulated banking platform, enabling them to bypass the time and cost inefficiencies of the SWIFT payment system. USDC deposits and withdrawals now live on Xapo As the U.S. banking crisis continues to hit hard, with various crypto […]

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20 Mar 23

Signature Bank to return crypto deposits to customers directly

On March 20, 2023, the Federal Deposit Insurance Corp. announced that Signature Bank’s related deposits would be returned directly to the customers, contrary to the notion that the New York Community Bancorp would handle them. The Federal Deposit Insurance Corp. said that Signature’s digital-assets business and customer deposits amounting to around $4 billion is not […]

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05 Mar 23

Binance recommends P2P as Ukraine suspends fiat deposits on exchanges

Cryptocurrency exchange Binance is recommending the use of peer-to-peer (P2P) services following restrictions imposed by the National Bank of Ukraine (NBU). Ukraine temporarily suspended hryvnia, its national currency, via banking cards for fiat deposits and withdrawals on crypto exchanges. Binance recommends using P2P services Binance and the leading Ukrainian exchange, Kuna, announced temporary suspensions of […]

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