Friday, March 29, 2024
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Crypto Payment SpankPay Shut Down Citing Hostile Banking Environment

SpankChain is an Ethereum-based blockchain targeted at helping adult content creators remove third-party intermediaries like conventional banks, which have had a notorious history of conflict with the adult industry. Ethereum-based adult entertainment platform SpankChain is closing its crypto payment processor SpankPay, losing its payment service provider Wyre, in February while

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SpankPay crypto payment service shutters, citing ‘hostile banking environment

Ethereum-based adult entertainment platform SpankChain is shuttering its crypto payment processor, SpankPay, after losing its payment service provider Wyre in February and failing to find a new one. In February, SpankPay revealed that its previous provider — crypto payment platform Wyre — had terminated its agreement to provide payment services to

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Defi Pioneer, Bancor, Under Fire for Pausing Impermanent Loss Protection Due to Hostile Market Conditions

Bancor, a Decentralized Finance protocol often regarded as a pioneer in the DeFi ecosystem, has come under heavy scrutiny after it announced that it would pause its impermanent loss protection program. The DeFi platform cited extreme market conditions for stopping this program. However, Bancor has been criticized for pausing the

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Bancor pauses impermanent loss protection citing ‘hostile’ market conditions

Bancor, a decentralized finance (DeFi) protocol often credited as the pioneer of the DeFi space, paused its impermanent loss protection (ILP) function on Sunday, citing “hostile” market conditions.In a blog post on Monday, the DeFi protocol noted that the ILP pause is a temporary measure to protect the protocol and the users.

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Boeing Is the Latest Company to Escape a Hostile Business Environment

Boeing is departing the state of Washington.One state senator thinks Washington’s hostile business climate is partly to blame.That’s part of a rising trend of hostile business environments that could lead to significant shifts in the years ahead.Aerospace giant Boeing has long been synonymous with its roots in the Pacific Northwest.

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