Tag: Issues

Kraken experiencing gateway issues — withdrawals, deposits delayed

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Update: Kraken says it has implemented a fix and is currently monitoring the results. Cryptocurrency exchange Kraken says it is currently investigating an issue with several crypto funding gateways, including major ones such as Bitcoin (BTC), Ether (ETH) and ERC-20.  On June 6, Kraken’s status page said, “Deposits and withdrawals are currently delayed. We will provide any updates as soon as possible.” The first notice was posted around 7:44 am UTC, followed by two updates saying it continues to “work on a fix” for the issue. The status page did not…

DataDash issues bitcoin stagnation warning, correction needed

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent video, Nicholas Merton, the crypto YouTuber from DataDash, addressed the stagnation that bitcoin has been experiencing since March 2023. Merton compared bitcoin’s performance to its peers in the crypto space, highlighting the lack of momentum and follow-through on narratives that have previously propelled bitcoin forward. Merton pointed out that theories of a bitcoin (BTC) bank run and de-dollarization, which have been significant drivers of bitcoin’s growth, have not been realized. This has raised…

Fed board issues order to Silvergate Bank as part of self-liquidation plan

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The Federal Reserve Board of the United States has issued a consent order to Silvergate Bank and its parent company as part of the institution’s plans to “wind down operations” and liquidate. In a June 1 notice, the Fed said Silvergate Capital Corporation and the bank will have 10 days to submit a self-liquidation plan in compliance with California and federal requirements that will wind down its operations. The firm announced in March it planned to shutter operations “in light of recent industry and regulatory developments,” becoming one of three…

Blackrock CEO issues dire warning over ‘debt ceiling drama’ — Bullish for Bitcoin?

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Blackrock CEO Laurence Fink believes the recent “drama” around the United States debt ceiling has deteriorated global trust in the U.S. dollar, something that other analysts predict could provide some tailwinds for Bitcoin (BTC). Fink’s comments come as U.S. lawmakers passed a highly-anticipated bill to lift the $31.4 trillion debt ceiling on June 1. The U.S. Treasury indicated that the deadline for raising the debt ceiling was June 5. Any later, the country could begin defaulting on its debts. 314-117: The House passes the Biden-McCarthy debt ceiling agreement, raising the debt…

US CFTC issues letter on digital asset derivatives, clearing compliance in 3 areas

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The United States Commodity Futures Trading Commission (CFTC) has issued a staff advisory letter to registered derivatives clearing organizations (DCOs) and DCO applicants, reminding them of the risks associated with expanding the scope of their activities. The letter from the CFTC Division of Clearing and Risk (DCR) specifically addressed digital assets. Staff advisory letters can remind addressees of their legal obligations or provide clarity on those obligations. The “DCR expects DCOs and applicants to actively identify new, evolving, or unique risks and implement risk mitigation measures,” it said, continuing: “Over…

‘Dealt with firmly’ — Bali governor issues warning to tourists using crypto

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Bali’s government is cracking down on tourists paying for goods and services using cryptocurrency, with the island’s governor sending a reminder that Indonesia’s fiat currency is the only legal tender. On May 28, the government-owned news agency Antara reported Bali’s governor Wayan Koster hosted a press conference the same day and said tourists who “use crypto as a means of payment […] Will be dealt with firmly.” “Strict actions range from deportation, administrative sanctions, criminal penalties, closure of business premises and other tough sanctions,” he added. The meeting was attended…

Nike NFT Sale Surmounts Technical Issues to Hit $1 Million in Revenue

Although the first round was originally proposed to last for only two days, technical glitches and delays caused it to drag through nine days. Technical issues and unprecedented delays could not deter Nike NFT, OF1 collection, from setting mind-blowing records with its highly-anticipated sale. This follows after the NFT sale, which began just over a week ago, is reported to have officially raked in over $1 million. Debuting on Nike’s .SWOOSH Web3 platform, Our Force 1 (OF1) collection began selling on May 15. That was about a week later than…