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TradFi goes crypto: Finance giant brings decades of experience to new crypto exchange

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MultiBank Group’s regulated crypto exchange, MultiBank.io, offers top-tier security and swift trade execution for major cryptocurrencies with free fiat deposits. The crypto world is volatile, with users steadily seeking a sense of trust and security. Now, a traditional finance giant, MultiBank Group, wants to change the global perception of crypto for the better with its know-how and expertise spanning over two decades. It’s hard to claim that the crypto world is known for its stability or reliability. However, trust in the market experience d a new low when FTX, a top United States-based ex change , went down in flames with smoke surrounding the remaining centralized ex change s. Trust and security have become the most sought-after commodities in the space. A whole year has passed since what’s called the “crypto’s Lehman Brothers moment.” This period of increased concern about the state of the cryptocurrency market has coincided with heightened regulatory scrutiny. Consequently, man

Kraken experience delays in deposits and withdrawals amid gateway issues

Major crypto exchange Kraken identified an issue with crypto funding gateways, including BTC, ETH and ERC20, as users experience delays in deposits and withdrawals. The cryptocurrency exchange Kraken reportedly says that it's currently investigating an issue with several crypto funding gateways, including major ones such as Bitcoin (BTC), Ethereum (ETH) and ERC20.  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 07:44 UTC, followed by two updates saying they are continuing to “work on a fix” for the issue . The status page did not make clear what is causing the issue . This is a developing story, and further information will be added as it becomes available. Source: https://thebittimes.com/kraken-experience-delays-in-deposits-and-withdrawals-amid-gateway-issues-tbt50047.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger