More than 40 cryptocurrency firms have pledged aid to Turkey after two powerful earthquakes, and multiple aftershocks claimed thousands of lives and damaged large parts of cities in the country.
An attorney for the bankrupt crypto lender, Genesis, announced that the firm had reached a tentative agreement on a restructuring plan backed by Digital Currency Group, its parent company, and its primary creditors, including Gemini.
Leading cryptocurrency exchange Binance has said it would temporarily halt U.S. dollar transfers on February 8, in a move the firm said will affect a “small proportion” of its users. Its CEO, Changpeng Zhao, said USD bank transfers are “leveraged by only 0.01% of our monthly active users.”
Top stories in the Crypto Roundup today:
- Crypto Industry Pledges Aid to Turkey After Deadly Earthquakes
- Genesis and DCG Reach Initial Deal with Creditors, Including Gemini
- Binance to Temporarily Halt USD Transfers
- Chart of the Week: BTC, ETH, Stablecoins Total Market Cap Dominance