Crypto Alternate Bybit Suspends USD Deposits

Bybit’s transfer comes a month after Binance, the arena’s biggest virtual belongings trade by way of buying and selling quantity, halted greenback transfers and amid a disaster at Silverage, a California-based lender well-known for providing conventional banking services and products to crypto corporations, together with exchanges. Ultimate week, Silvergate mentioned it is comparing “its talent to proceed as a going worry” and behind schedule submitting its annual record with the Securities and Alternate Fee.