China News by Thebittimes.Com

Binance has announced its integration with the dYdX Chain mainnet. Deposits for DYDX are open, while support for withdrawals will go live once there’s sufficient volume. Binance users can now direct ly deposit or withdraw dYdX (DYDX) tokens. DYDX is the native token of the L1 protocol dYdX Chain. In an announcement on Tuesday, Binance said it had opened deposit s for DYDX, with withdrawals set to go live once there is sufficient volume. Binance completes dYdX mainnet integration The dYdX Chain is one of leading platforms in the decentralised exchange market, currently the top Perpetuals DEX platform in the ecosystem. That makes a move by a leading crypto exchange such as Binance’s a major development that could spark further growth. dYdX Chain shared news of the Binance integration on X. .@binance now supports dYdX Chain DYDX💡https://t.co/tCC24zwVKt pic.twitter.com/mWtrAJ84Zl — dYdX (@dYdX) May 7, 2024 While Binance’s...

Celsius Creditors withdrawing $100k+ pre-bankruptcy face legal action and must comply for future distributions. Celsius’ post-bankruptcy Bitcoin mining focus approved; Ethereum unstaked for timely creditor repayments. Legal challenges persist; CEO Alex Mashinsky faces fraud charges; $4.7B FTC settlement hinges on successful bankruptcy completion. In a strategic move amidst its post-bankruptcy revival, Celsius, the crypto lending platform, has taken a bold step to recover from its financial turmoil. The company is now demanding a 27.5% return on substantial withdrawals made just before its bankruptcy filing. This marks a crucial development in Celsius’ ongoing efforts to navigate regulatory challenges and fulfil its commitments under the reorganization plan. The lender recently said it would unstake $470M Ethereum in readiness for creditor repayments. Celsius enforces 27.5% return of funds from creditors Celsius recently issued notifications to c...

In a statement, the crypto exchange said that users' funds are safe and transactions are still being processed. Users of the crypto exchange Gate.io are facing slow deposits and withdraw als on transactions due to a node maintenance from a third-party cloud provider, according to an announcement on Dec. 18.  Gate.io said the transactions are still being processed, and claimed the funds of users are safe. The company stated: "At this moment, we are monitoring the network connection status of our cloud service providers and will expedite the deposits and withdrawals as soon as the network connection is restored." It is unclear if the delay in transactions is related to OKX's outage, which was caused by a hardware failure at a Hong Kong data center of primary infrastructure provider Alibaba Cloud. As reported by Cointelegraph, Alibaba's Cloud server went offline on Dec. 17 and failed to recover for over fifteen hours, during which users could not withdraw and dep...