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GGT was one of a handful of Genesis-linked companies that escaped the conglomerate’s crypto lending-induced bankruptcy earlier this year. Another trading-focused wing, GGC International Limited, will continue to run its spot and derivative trading services, the email said. Original Source
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The developers behind Solana-based smart contract automation project Clockwork is set to turn off key infrastructure for the protocol at the end of October, citing “limited commercial upside."In a series of X (Twitter) posts on Aug. 27, Clockwork founder Nick Garfield Garfield said he and the team will stop active
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Venture capital conglomerate Digital Currency Group (DCG) is closing its prime brokerage subsidiary TradeBlock, citing the state of the broader economy and an uncertain regulatory environment for crypto in the United States. According to a May 25 report from Bloomberg, TradeBlock, led by Breanne Madigan, will officially begin the process of shutting down
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Formfunction, a Solana (SOL)-based nonfungible token (NFT) marketplace, has announced its closing up shop after only 13 months of operation amid a slump in Solana NFT prices and trading volumes.On March 15, Formfunction announced it is "shutting down" on March 29 saying it “cannot continue to operate” after “much discussion
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Kraken has agreed to shut its cryptocurrency-staking operations to settle charges with the U.S. Securities and Exchange Commission (SEC), according to an industry source briefed on the matter. Source
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As CryptoX reported, the Sushi treasury provided for only 18 months of runway calculated from the first week of December, causing a significant deficit in its treasury. Lead developer Jared Gray proposed setting Kanpai, a fee-diversion protocol, to 100% of fees diverted to the treasury multisig for one year at
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United States-based crypto investor, Protocol Ventures, is said to be closing down as it feels the squeeze of crypto winter. Original Source
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“We are already leveraging the years spent on building capabilities for Meta overall on blockchain and introducing new products, such as digital collectibles,” Meta said in an emailed statement. “You can expect to see more from us in the Web3 space because we are very optimistic about the value these
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The botnet weaponized bitcoin’s blockchain, according to Chainalysis, which said it helped Google’s investigation. By embedding command-and-control server addresses in the blockchain, and then having the botnet turn to that data whenever an infected server was shuttered, it stays a step ahead of the cybersecurity whack-a-mole. Source
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Starbucks has banned the use of reusable cups to help slow the spread of coronavirus. The coffee chain is also planning to close outlets if affected by an infection. Its moves are a forewarning of how American retail could be severely impacted by coronavirus. Coronavirus has spooked Starbucks. The
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