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Zipmex to Begin Releasing Bitcoin and Ethereum to Users’ Wallets
After weeks of withholding customers’ crypto, exchange platform Zipmex announced it will begin releasing coins to users’ wallets.
Zipmex will release ether to users on Aug. 11, with bitcoin following a week later, after blocking customers from taking direct custody of their coins last month.
The exchange has been gradually releasing coins to users’ wallets since last week. Solana, cardano, and XRP tokens were the first to be available after it suspended all withdrawals July 20.
The decision to enact a moratorium on transactions came after the firm lost $100 million related to crypto lender Babel Finance. In mid-June, Babel froze withdrawals due to turmoil in the crypto market, this contagion also led to a flurry of defaults...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...