Binance Ramps Up Crackdown on US Users, Giving Them 14 Days to Withdraw Funds
Binance is giving U.S. users 14 days to withdraw funds before their accounts are shuttered.
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This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industrys most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.This week China is back to work after its week-long national day celebrations, an event that is always filled with flag-waving, military parades and enthusiastic nationalism. This years version was intensified by the recent homecoming of Huawei executive Meng Wanzhou after three years of detention in Canada, as well as heightened tensions in the Taiwan Strait.....
Binance users were not able to withdraw Dogecoin due to a “combination of unlikely factors,” the exchange said. Binance, one of the world’s largest cryptocurrency exchanges by daily trading volumes, has resumed Dogecoin (DOGE) withdrawals following a system glitch caused by the DOGE wallet upgrade.The exchange officially announced on Nov. 29 that it restarted DOGE withdrawals after experiencing a major issue where Binance users were unable to withdraw Dogecoin for 17 days.Additionally, 1,634 users on Binance were sent old transactions due to a conflict of several DOGE wallet versions. This....
Binance plans to “wind down” all services in Singapore by Feb. 13, 2022. Users are no longer allowed to deposit cryptocurrencies or fiat on the Binance.sg platform. Crypto exchange Binance has withdrawn its license application for pursuing digital payment token (DPT) services in Singapore. Starting today, Binance.sg has stopped onboarding new users and will not allow Singaporeans to deposit cryptocurrencies or fiat on the exchange.By Feb 13, 2022, Binance plans to “wind down” all services that relate to dealing with cryptocurrency tokens. However, the exchange announced to take no....
The latest update on the BTCXchange website states: "Please imperatively to withdraw money from BTCXchange.ro platform. We currently do not have access to the server!" Update (18th December 03:30 GMT): Updated with comment from Coinzone. BTCXchange, Romania's only order-book bitcoin exchange, has issued a statement encouraging all users to withdraw funds from the platform by Friday, 19th December. Exchange users were asked to withdraw funds denominated in both bitcoin and US dollars due to unspecified "security reasons". Further, it remains unclear whether the exchange plans to shut down....
According to the FTX US website, “Withdrawals are and will remain open.” In a long apology, the CEO of FTX, Sam Bankman-Fried — popularly known as “SBF” — assured the crypto community that the recent turn of events was only going to affect FTX international. According to him, “FTX US, the US based exchange that accepts Americans, was not financially impacted by this shitshow.” He assured users that FTX US was “100% liquid” and that “Every user could fully withdraw (modulo gas fees etc)”. 19) A few other assorted comments: This was about FTX International. FTX US, the US based exchange that....