Friday, March 29, 2024
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Genesis announces winding down of crypto trading services

Crypto lending firm Genesis, a subsidiary of Digital Currency Group (DCG), will stop offering spot and derivatives trading for crypto assets through its British Virgin Islands unit.According to a Sept. 14 statement from a Genesis spokesperson, the firm will “voluntarily and for business reasons” wind down its digital asset trading

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Decentralized exchange dYdX announces ‘winding down’ of services for Canadian users

Cryptocurrency derivatives exchange dYdX has announced it will be restricting Canadian user accounts over the next seven days in a move to exit the market.In an April 7 blog post, dYdX said it will be “winding down services” in Canada, starting with halting the onboarding of new users located in

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Meta Winding Down Support for NFTs on Facebook, Instagram – Bitcoin News

U.S. tech giant Meta is giving up on operations with non-fungible tokens (NFTs) amid ongoing turbulence in the crypto space. The company allowed creators to share digital collectibles on its leading social media platforms last year. Meta Platforms Cutting Off Support for Non-Fungible Tokens California-based technology conglomerate Meta is winding down

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Near Foundation Urges Winding Down of USN Stablecoin, Sets Aside $40M

According to the statement, DCB recently contacted the Near Foundation to advise it that USN had become undercollateralized, a condition that is "inherent" with algorithmic stablecoins, especially in "extreme market conditions." DCB further confirmed, according to the foundation, that there was also double-minting of USN, which contributed to the undercollateralization. Source

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Hahn Air Explores Blockchain Tickets with Travel Distribution Platform Winding Tree

Hahn Air, one of the most prominent airline distribution companies, has become a pioneer in establishing itself as the first airline in the world to issue a real-world ticket through blockchain technology.Blockchain-powered tickets will be available on ‘Winding Tree’ which is decentralized travel network powered by blockchain. The company has

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