Payments Company Affirm Shutting Down Crypto Business
During the bull market of 2021, Affirm had joined a number of fintech firms in offering clientele the ability to buy and sell crypto. Source
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Coinbase Shutting Down Most Crypto Services in Japan After Series of Job Cuts Globally – Bitcoin News
The Nasdaq-listed cryptocurrency exchange Coinbase is closing down most of its operations in Japan after announcing another round of job cuts globally. “Despite everything we’ve been through as a company and an industry, I’m still optimistic about our future and the future of crypto,” Coinbase CEO Brian Armstrong insisted. Coinbase Winding
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NFT Research Tool NFT Inspect Is Shutting Down
The decision to shutter the service comes as the NFT market faces intense headwinds, with sales volume dropping by double digits quarter-over-quarter. Original Source
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Kraken Shutting Down Crypto Exchange in Japan Citing Weak Global Crypto Market – Exchanges Bitcoin News
Cryptocurrency exchange Kraken is shutting down services in Japan. The company explained that the current Japanese market conditions and a weak global crypto market do not justify the resources needed to further grow its business in Japan at this time. Kraken Exiting Japan Cryptocurrency exchange Kraken announced Wednesday that it has decided
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Crypto Investment Firm Midas Shutting Down Platform Following Losses
Starting on Tuesday, Midas disabled deposits and swaps, as well as withdrawals for some time while it makes cautions and balance adjustments. Its target is to deduct 55% from user balances held in bitcoin, ether and stablecoins, with the adjustment being compensated for in MIDAS tokens which can be swapped
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Asset Manager Stone Ridge Shutting Bitcoin Futures Fund
Stone Ridge was founded in 2012 by Ross Stevens, who remains its CEO. Five years later, he launched bitcoin-focused New York Digital Investment Group (NYDIG), where he serves as executive chairman. Stone Ridge Asset Management and NYDIG are both subsidiaries of Stone Ridge Holdings Group. Source
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Portuguese banks shutting crypto accounts citing risk management concerns
Several large banks in Portugal have reportedly begun closing the accounts of cryptocurrency exchanges due to "risk management" concerns, suggesting a shift in Portugal's pro-crypto position. The country's central bank appears to have given the financial institutions the green light to take action.Several of Portugal's top banks recently closed the
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Diem Is Shutting Down after Silvergate Acquires Project’s Intellectual Property and Other Technology
Under the asset purchase agreement, Silvergate paid $50 million in cash to Diem and also issued 1,221,217 of its class A shares. After much effort from Meta, Diem Association is now shutting down after Silvergate Bank (NYSE: SI) purchased the stablecoin project. On the 31st of January, Silvergate
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Why We’re Shutting Our Successful Fundraising Platform
Neufund was a security token company that wanted anyone in the world to invest in any businesses they want.For decades, investing has been exclusive, inaccessible and unequal. This has contributed to the growing wealth disparity in Europe and the U.S. We wanted to change that.Today we’re closing Neufund, despite it
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Binance Shutting Down Crypto Exchange Services in Singapore – Bitcoin News
Crypto exchange Binance is winding down its exchange operation in Singapore after the company decided to withdraw its application with the Monetary Authority of Singapore (MAS) to operate a digital asset exchange in the country. “Buying and selling of crypto from existing assets of users will be discontinued from 13
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