Wednesday, May 1, 2024
Home > failed (Page 2)

Polkadot community PolkaWorld halts operations after failed funding bid

Polkadot community PolkaWorld has announced that it has halted its operations after the community’s proposal to get funding from Polkadot’s treasury was rejected. The organization raised several concerns about the project’s treasury management and made several claims in a recent announcement. In a post published on PolkaWorld’s official X (formerly Twitter)

Read More

Blame game rages over ASX’s failed CHESS system blockchain upgrade

Digital Asset — the New York firm responsible for Australian Securities Exchange’s now-abandoned blockchain-based clearing system — has blamed the securities exchange for dropping its blockchain plans. Meanwhile, representatives of the ASX have clapped back in statements to Cryptox, calling the claims misleading.For the last seven years, the ASX was

Read More

Judge Michael Wiles Approves Voyager Digital’s Liquidation Plan after Several Failed Acquisition Attempts

The company noted that its customers will have the possibility to use the Voyager app to begin requesting paybacks, which will take place in 30 days.  Bankrupt crypto lender Voyager Digital announced on Wednesday that its customers will recover about 35 percent of their initial deposit amid its liquidation plan. The

Read More

Signature Bank failed to understand risks associated with crypto: FDIC chair

Investigations into the collapse of Signature Bank point toward illiquidity circumstances and poor management. However, the Federal Deposit Insurance Corporation (FDIC) chairman, Martin Gruenberg, believes the bank’s failure to understand the risks associated with cryptocurrencies expedited its fall.Speaking at a recent United States House of Representatives Financial Services Committee hearing

Read More