Binance No Longer Processing USD Withdrawals Under $100K Via SWIFT – January 23


📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$22,904

Bitcoin price is knocking on the door of $23,000 once again to begin the week, following a strong weekend of price performance.

Top-20 altcoins have has mixed performance over the last day of trading, as Ethereum falls 1%, BNB gains less than 1% and XRP rises 4%.

Top Stories for January 23, 2022 🔥

👉 Binance No Longer Processing USD Withdrawals Under $100K Via SWIFT

Crypto exchange giant Binance has announced that it will no longer be able to process USD withdrawals from its platform via SWIFT, beginning February 1st, 2023.

The limitation comes after Binance’s SWIFT banking partner –
Signature Bank, according to Bloomberg – has decided to decrease its exposure to the digital asset market.

Binance is currently seeking a new SWIFT partner for USD transactions. Users can still use their credit or debit card to buy and sell crypto, and payments to or from third-party exchanges will still be processed.

👉 Short-Bitcoin Investment Products Pick Up During Rally

Data from Coinshares shows that around $25.5 million in investment has entered short-bitcoin products, comprising more than two-thirds of total bitcoin fund inflows last week.

The increase brings total assets under management in short-bitcoin investment products to $138 million, compared to $18.3 billion in long-bitcoin funds.

👉 Feds Seize Almost $700M Of Sam Bankman-Fried’s Assets

Federal prosecutors have seized $697 million worth of cash and assets, mostly made up of Robinhood shares, from FTX founder Sam Bankman-Fried, according to court documents.

Assets from accounts at Silvergate Bank holding over $6 million and an additional $50 million from a Moonstone Bank account were also seized, as well as undisclosed sums from accounts on Binance and Binance.us.

Now that you read the latest newsletter, are you ready to receive it daily?