KuCoin Shuts Down Bitcoin And Litecoin Mining Pools Amid Market Turmoil
KuCoin, one of the world’s largest cryptocurrency exchanges, has temporarily halted its KuCoin Pool service, effective August 15, 2023, until further notice. The
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Nigerian social payments app shuts down crypto exchange services
Nigerian social payments app, Bundle announced on July 20 that it is shutting down its crypto exchange arm. According to a statement released on the company blog, explaining that it is ceasing its crypto exchange operations as it focuses on expanding the services of Cashlink as a payment solution. Bundle stated
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Crypto lender Geist Finance shuts down permanently over Multichain hack
Lending protocol Geist Finance is shutting down permanently due to losses from the Multichain exploit, according to a July 14 social media post from the app’s development team. Geist contracts were paused on July 6, then resumed in “withdraw and repay only” mode on July 9. The latest post confirms
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Algorand’s defi protocol Algofi shuts down due to ‘confluence of events’
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Algorand’s largest decentralized finance (defi) protocol Algofi will shut down as the platform says it is unable to maintain the highest standards following a “confluence of events.” Algofi sunsetting operations Algofi announced the news in a Medium blog
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UK FCA shuts down 26 crypto ATMs following coordinated investigation
The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), “disrupted” 26 of the 34 cryptocurrency ATMs it visited and inspected since the start of 2023.On Feb. 14, the FCA gave an ultimatum to all crypto ATM operators in the UK — to either comply with regulations or wind down
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Solana’s Cardinal Protocol shuts down due to economic challenges
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cardinal protocol, the Solana-based project that aimed to enhance the utility of non-fungible tokens (NFTs), is ceasing its operations due to economic conditions. Approximately a year after successfully raising $4.4 million in funding, the project has announced
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Solana’s Cardinal shuts down citing economic conditions
Solana's Cardinal protocol is winding down operations due to economic conditions, nearly a year after raising $4.4 million to improve nonfungible tokens (NFT) utility. According to an announcement on Twitter, withdrawals should be made by August 26. Cardinal Labs was an infrastructure provider dedicated to supporting NFT use cases on the
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Wyre, a crypto payments platform, shuts down, selling assets
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Wyre, a platform facilitating payments with digital currencies, is closing shop due to the ongoing decline in the market. The portal has since its winding-down procedure, stating that potential purchasers interested in acquiring the company’s assets
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US investment bank Cowen shuts crypto trading unit
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cowen Inc. has indefinitely suspended its digital assets trading unit. The bank’s digital asset service exposed institutional investors to 16 cryptocurrencies, including bitcoin (BTC) and ether (ETH). Cowen Inc., an over-a-century-old full-service investment bank acquired by North
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Investment bank TD Cowen shuts crypto unit a year after opening
Just over a year after launching its crypto unit, American independent investment bank TD Cowen has announced the shutdown of Cowen Digital, though it has not provided a clear reason why. The multinational bank launched Cowen Digital in March 2022 to provide institutional clients exposure to the crypto market via
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