Bitstamp to Halt XRP Trading, Deposits in US Due to SEC Lawsuit
Bitstamp is the first major U.S.-based crypto exchange to respond to the SEC lawsuit.
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Two major cryptocurrency exchanges joined the XRP trading suspension campaign in the wake of the U.S. Securities and Exchange Commission (SEC) lawsuit filed against Ripple Labs on December 22, 2020. Two Major Crypto Exchanges to Suspend XRP Trading in January 2021 The last week of 2020 started with the announcement of Okcoin, one of the oldest crypto exchanges in the industry. They’ve decided to halt XRP trading and deposits on the platform effective on January 4, 2021. According to the firm, users who have borrowed from the XRP/USD margin pair, including borrowing XRP and USD, are....
Slovenian state-owned news agency STA is reporting that Bitstamp expects to resume services within 24 hours. Bitstamp has released a new statement regarding the security of its website, admitting that it has lost "less than 19,000 BTC", about $5.1m at press time. The revelation follows the disclosure that Bitstamp's wallet system was compromised, prompting it to halt deposits and later shut down its platform entirely. According to the statement, an undisclosed number of wallets were compromised and upon learning of the breach, the Bitstamp team issued warnings about deposits and moved to....
An API outage at Bitcoin exchange Bitstamp is apparently causing a halt of some services at Coinbase, a service that allows its users to easily buy and sell Bitcoin without the need to sign up for an exchange. Coinbase acquires its bitcoins from exchanges like Bitstamp, and when they don't have Bitcoin to buy, you can almost bet they will not have Bitcoin to sell. No word yet on just when the Bitstamp API outage is to be cleared, but when it is, Coinbase purchasing is likely to resume shortly thereafter.
A representative from Bitfinex has indicated it has generated a new hot wallet on a failsafe machine. It expects deposits and withdrawals will be live soon, after the wallet has successfully synced. Popular bitcoin exchange Bitfinex today urged customers to halt deposits while it investigates a suspected hack. In a statement released this morning, the Hong Kong-based company said the keys to its hot wallet
The crypto exchange said the situation between Ripple and the SEC "will take time to reach a resolution." Crypto exchange OKCoin announced it would delist XRP following the news that the U.S. Securities and Exchange Commission would be pursuing legal action against Ripple.In a blog post released today, OKCoin said its "best course of action" in response to the recent SEC lawsuit would be to suspend trading and deposits of XRP. The exchange wrote that the suspension would take place over two days. Users who borrowed XRP/USD through OKCoin "are required to return the borrowed value" before....