Solanas Loopscale halts lending following $5.8 million cyberattack

Solana’s lending platform, SolRazr, has temporarily stopped its services after a hack resulted in a loss of $5.8 million. This incident has raised concerns regarding the security of decentralized finance (DeFi) platforms. The exploit occurred due to a vulnerability in the smart contract used by SolRazr, allowing the hacker to drain funds from the platform. [...]

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DeFi Lender Nostra Halts Borrowing Due to Price Feed Error

The lending platform Nostra has recently encountered a significant issue with its price feed, impacting the service it provides to users. This disruption has raised concerns among borrowers and lenders utilizing the platform. The critical price feed problem has led to uncertainty and confusion regarding the accuracy of asset prices and the resulting loan-to-value ratios. [...]

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Hotbit halts operations, urges customers to withdraw funds

In cryptocurrency news that has caught most crypto enthusiasts by surprise, cryptocurrency exchange Hotbit has today (May 22, 2023) announced that it is halting its operations with immediate effect. In its official communication, the exchange has asked its users to withdraw their funds before June 21, at 4:00 am UTC. Deteriorating operating conditions Hotbit has …

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Nexo Offers Celsius Buy Out Option in the Wake of Service Freeze

Celsius have to make their mind up soon, as the proposition from Nexo will expire in the next 7 days.

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Celsius Crypto Exchange Pauses All User Activity, Sends $320M to FTX

Moving huge amounts of wBTC and stETH and halting all transactions on the platform without clear explanation have left a lot of users biting their nails.

Continue reading Celsius Crypto Exchange Pauses All User Activity, Sends $320M to FTX at DailyCoin.com.

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Major Blow to Investors as Celsius Halts Withdrawals, Swaps and Transfers

In May, the crypto-staking network allegedly had $12 billion in client assets. The token was trading at a low of

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Crypto Flipsider News – Bitcoin Falls to 10-Month Low; UST Loses Peg, LUNA Drops 30%; SEC Halts $62 Million Investment Fraud Scheme; NFTs Are Coming to Instagram; Binance Stops Crypto Derivatives in Spain

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Continue reading Crypto Flipsider News – Bitcoin Falls to 10-Month Low; UST Loses Peg, LUNA Drops 30%; SEC Halts $62 Million Investment Fraud Scheme; NFTs Are Coming to Instagram; Binance Stops Crypto Derivatives in Spain at DailyCoin.com.

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SEC Halts $62 Million Crypto Mining, Trading Scheme — DOJ Indicts Founder – Regulation Bitcoin News

The U.S. Securities and Exchange Commission (SEC) has halted a $62 million global cryptocurrency trading and mining scheme and the Department of Justice (DOJ) has indicted its CEO and founder. If convicted of all counts, he faces a maximum total penalty of 45 years in prison, the Justice Department. SEC Halts $62M Global Cryptocurrency Fraud […]

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Crypto Flipsider News – September 21st – Evergrande Leads Crypto Selloff, Coinbase Halts Lending Program, Robinhood Could Allow Withdrawals Soon, Favourable Regulation Push in Miami, Texas, and Massachusetts, and Football NFT Platform Raises $680M

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Continue reading Crypto Flipsider News – September 21st – Evergrande Leads Crypto Selloff, Coinbase Halts Lending Program, Robinhood Could Allow Withdrawals Soon, Favourable Regulation Push in Miami, Texas, and Massachusetts, and Football NFT Platform Raises $680M at DailyCoin.com.

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MicroStrategy Halts Bitcoin Purchases and Announces Plan to Hold $30 Billion in BTC

MicroStrategy Continues to HODL Bitcoin Amid Market Volatility MicroStrategy, a leading business intelligence firm, has been steadfast in its commitment to holding onto its Bitcoin reserves despite recent market fluctuations. The company made headlines last year when it announced its foray into the world of cryptocurrency by investing in Bitcoin. Since then, MicroStrategy has made [...]

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Gibraltar Court Halts $7M Worth of PLAY Tokens Amid Crypto Gaming Companys Internal Dispute

The Gibraltar Court has recently made the decision to freeze all assets of the crypto gaming company, Internal Biff. This action comes following allegations of fraudulent activities and financial misconduct within the organization. Gibraltar, known for its stringent regulations in the cryptocurrency and gaming industries, is taking a proactive stance to ensure investor protection and [...]

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Trumps Interim CFPB Leader Slashes Funding and Halts Oversight

The former head of the Consumer Financial Protection Bureau (CFPB) under the Trump administration has made significant budget cuts and halted oversight activities. The actions taken by the CFPB chief have raised concerns among consumer advocates and financial industry experts. The funding reductions and suspension of oversight programs are part of a broader effort to [...]

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Breaking: Binance Australia halts AUD deposits and withdrawals, effective immediately

The renowned crypto exchange Binance Australia has updated its Australian users (via social media and email) that it has halted AUD deposits using PayID – effective immediately. That comes as the platform’s 3rd-party payment provider decided to stop supporting the exchange. Fellow Binancians,We regret to inform you that with immediate effect we are unable to …

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Paxful halts operations amidst U.S. regulatory pressures and internal turmoil

After weathering through long-winter bears, Paxful has become the latest victim of the U.S. strict regulation policies. Paxful’s CEO, Ray Youssef, issued a statement early Tuesday on the platform’s webpage, informing its community about halting all its operations indefinitely. The CEO is pessimistic about the platform’s future.  Paxful, a renowned P2P (peer-to-peer) bitcoin trading exchange …

<p>The post Paxful halts operations amidst U.S. regulatory pressures and internal turmoil first appeared on CCNC | Cryptocurrency Newscast.</p>

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