Wyre Announces Modification of Withdrawal Policy, Pushing Topps to Temporarily Suspend NFT Marketplace Transactions – Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business Business Headlines News

Wyre has now announced that it is 'modifying' its withdrawal policy, citing the crypto industry downturn and the 'macroeconomic climate.'

and the departure of co-founder Michael Dunworth, stepping down from his role at the company. On Jan. 6, Wyre published an update for the community addressing speculation about the company.

“We are modifying our withdrawal policy. While customers will continue to be able to withdraw their funds, at this time, we are limiting withdrawals to no more than 90% of the funds currently in each customer account, subject to current daily limits,” Wyre’s update details, noting that “This will best position us to serve and maximize value for our customers and stakeholders.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

If crypto is so wonderful and guaranteed to make everyone millionaire, why haven't you sold your house and invested everything you own? I have 7 friends who are invested in Bitcoin and the largest 'investment' is $320.00.

It's certainly challenging times for the crypto space, but innovators like Wyre keep finding ways to ensure trustless transactions and access to global markets. buidl 🚀

Perfect, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals!

Brilliant, but using ChiefraFba for signals and analysis

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Bank Juno Chooses Zero Hash to Be New CustodianCrypto bank Juno has announced Zero Hash will serve as its new custodian. Juno had previously advised clients to self-custody or sell their crypto amid reports of turmoil at Wyre, its former custodian. LizKNapolitano reports LizKNapolitano Good for JunoFinanceHQ for being as transparent and proactive as possible about the entire situation. I've never been happier with a bank. LizKNapolitano Transparency through the whole process. Why I stay with JunoFinanceHQ and an early adopter
Source: CoinDesk - 🏆 291. / 63 Read more »