Polygon (MATIC/USD) and Flow (FLOW/USD) prices held quite well on Tuesday morning as the Non-Fungible Tokens (NFT) industry was dealt a big blow. $FLOW was trading at $1, about 22% above the weekend l...
Tag: Abandons
Crypto-Focused Bank Silvergate Slashes 40% Workforce, Abandons Several Projects
The FTX collapse has accelerated lay-offs as the sector struggles to weather the incessant turmoil. Crypto-focused bank – Silvergate Capital – has become the latest to slash 40% of its workforce, whic...
SushiSwap abandons new project and sets sights on fresh goals: What’s going on?
SushiSwap abandoned its lending protocols and will focus on other areas for growth. The activity on the protocol declined, leading to plummeting revenue. In a 2 January development, SushiSwap’s [SUSHI...
SushiSwap abandons launchpad and lending protocol as financial struggles surface
Ethereum-based DeFi platform Sushiswap has announced the plan to axe their token launchpad and lending protocol from their service offering. The Sushiswap group has been facing severe financial proble...
Crypto Exchange Bullish Abandons IPO Plans
Join Our Telegram channel to stay up to date on breaking news coverage In a Thursday, December 22 press release, the operator of the regulated crypto exchange Bullish and the special purpose acquisiti...
Della Valle Family Abandons Project to Delist Tod’s Group
MILAN — Plans to delist the Tod’s Group have come to a halt. The luxury group will remain a public company for the time being as the Della Valle family said late Friday that its plan to delist through...
Aussie stock exchange abandons blockchain plans, leaving $170M hole
The long-anticipated plans by the Australian Securities Exchange (ASX) to use blockchain to bring its clearing and settlements system into the 21st century have just been canceled. In a Nov. 17 statem...
Australian Securities Exchange (ASX) abandons $170M blockchain project after 7 years
According to a report published in November 2022, it appears that the Australian Securities Exchange (ASX) has abandoned its 7-year blockchain project aimed at streamlining its activities. The report,...
Bitvo abandons FTX purchase | Blockchain News
The Canadian cryptocurrency exchange Bitvo has terminated the proposed acquisition transaction it had with the FTX in order to preserve its standing as an autonomous company. Pateno Payments, which ...
NEAR abandons its native stablecoin to avoid a Terra-style scenario
Like a spark, USN shined for a short time, then faded. Issued by Decentral Bank (DCB) in April 2022, it became the first native stablecoin in the NEAR ecosystem – one of the largest crypto commu...
NEAR abandons its native stablecoin to avoid a Terra-style scenario
Like a spark, USN shined for a short time, then faded. Issued by Decentral Bank (DCB) in April 2022, it became the first native stablecoin in the NEAR ecosystem – one of the largest crypto commu...
Tether abandons commercial paper in favor of US Treasuries
Tether announced that it recently reduced its holdings of commercial paper to zero. In lieu of commercial paper, Tether is increasingly backed by US Treasuries instead. When Tether provided its first ...
UBS Abandons $1.4 Billion Deal for Robo-Adviser Wealthfront
(Bloomberg) — Most Read from Bloomberg UBS Group AG has abandoned its plan to acquire US robo-adviser Wealthfront, unwinding what would have been the Swiss bank’s first major acquisition under C...
Amazon Closes, Abandons Plans for Dozens of US Warehouses
(Bloomberg) — Amazon.com Inc., determined to reduce the size of its sprawling delivery operation amid slowing sales growth, has abandoned dozens of existing and planned facilities around the US,...
Thailand’s SCBX Abandons Plans to Acquire Crypto Platfrom Bitkub
SCBX Pcl – formerly known as Siam Commercial Bank – withdrew its intentions to purchase a 51% stake in the crypto asset firm Bitkub for $500 million. The financial institution said the exchange needs ...
Galaxy Digital Abandons $1.2B BitGo Acquisition
After BitGo failed to provide its audited financial statements for the year 2021, Galaxy Digital announced on Monday that it has canceled the $1.2 billion proposed acquisition of the crypto custodian....
MidAmerican Energy Abandons Plan To Add 30 Wind Turbines, Madison County Residents Celebrate: ‘How Awesome’
MidAmerican Energy Company has cancelled plans to put 30 wind turbines in Madison County, Iowa, a … [+] province famous for its covered wind bridges. The decision was cheered by county residents...
Bitstamp abandons plans to introduce an ‘Inactivity Fee’
Following a huge backlash from the community, Bitstamp, a Luxembourg-based crypto exchange, has abandoned its previous plans of introducing an inactivity fee on inactive account. Bitstamp had last wee...
Bitstamp Volume Surges As It Abandons Inactivity Fees
13 mins ago | 2 mins read Exchange News Bitstamp canceled an inactivity fee of €10. The exchange trading volume dropped below $55 million. Today, Europa’s biggest cryptocurrency exchange by trading vo...
Facebook abandons crypto project Novi
Facebook’s crypto pilot project Novi will be decommissioned effective 21 July, on which day users will no longer be able to add money to their accounts. Novi, Facebook’s crypto, will no longer see the...
Treasury Abandons Plans to Introduce KYC on Unhosted Wallets in UK
The United Kingdom Treasury has backtracked on plans to require all senders of crypto funds to collect information that identifies the recipients of those funds. The Treasury said it makes little sens...
Blackrock Abandons China, Sunac Liquidity Crisis, and Unemployment Rises in China – crypto.news
China’s economy is experiencing one of its most challenging times. One of the leading American-based investment companies, Blackrock, recently abandoned China’s bullish call. The Multinational company...
China Faces Omicron ‘Tsunami’ If It Abandons Controversial Zero-Covid Policy, Researchers Warn
Topline China faces an omicron “tsunami” that could overwhelm hospitals and kill more than 1 million people if it abandons its “zero-Covid” strategy, according to a new study published in Nature Medic...
Facebook Billionaire Eduardo Saverin’s B Capital Abandons SPAC Plans Amid Market Volatility
B Capital—an investment firm led by Facebook cofounder Eduardo Saverin and former Bain Capital executive Raj Ganguly—won’t pursue an earlier plan to launch a special purpose acquisition company (SPAC)...
Uber Abandons Mask Mandate For Riders And Drivers
Topline Uber will no longer require passengers or drivers to wear masks during rides, the company said on Tuesday, a day after a federal judge threw out the federal government’s mandate requiring mask...
Musk Abandons Twitter Board, Tesla Builds Partnership to Make BTC Mining Eco-Friendly
Elon Musk, the biggest shareholder of Twitter, has decided not to join the board of Twitter, says CEO Parag Agrawal. Meanwhile, in an effort to make Bitcoin mining more environmentally friendly, Musk&...
Elon Musk Abandons to Join Twitter Board, while Tesla Join Hands with Tech Firms for Mining Bitcoin Green
In efforts to make Bitcoin (BTC) mining more environmentally friendly, Tesla, Blockstream, and Jack Dorsey-owned Block, formerly Square, have teamed up to power a mining facility with solar energy, ac...
GM Discreetly Abandons Its In-House Amazon
General Motors (GM) – Get General Motors Company Report is doing its big spring cleaning sooner than expected. The Detroit giant, which no doubt wants to avoid being distracted in the coming m...
Blockchain-based internet company 3air abandons Cardano for SKALE network
Africa-focused blockchain internet company 3air has officially abandoned the Cardano blockchain in favor of SKALE, a network powered by Ethereum, after reporting a “massive talent shortage” for Haskel...
Nvidia Abandons Plans To Acquire ARM Amid Regulatory Pressure, British Chipmaker Will Explore IPO
Topline Graphics chipmaker Nvidia scrapped its plans to acquire British semiconductor firm ARM due to “significant regulatory challenges”, the companies announced on Tuesday, a decision that comes two...