Peer-to-peer bitcoin trading platform LocalBitcoins will be discontinuing its services after over a decade of operations. The announcement makes LocalBitcoins the latest victim of the ongoing crypto w...
Tag: Shuts
Localbitcoins, the Pioneer P2P Bitcoin Exchange, Shuts Down After a Decade of Service Due to Crypto Winter – Bitcoin News
Localbitcoins, the Helsinki, Finland-based bitcoin exchange founded in 2012, is closing operations after over a decade of service. The company’s operators attribute the shutdown to the “ongoing crypto...
LocalBitcoins shuts down its services after 10 years of operation
In the most recent blow to the cryptocurrency market, LocalBitcoins, a peer-to-peer Bitcoin (BTC) exchange and one of the early crypto trading platforms that served as a gate for individuals to enter ...
LocalBitcoins shuts down after a decade in operation
Peer-to-peer bitcoin trading service LocalBitcoins is closing down after a decade in operation. “Regardless of our efforts to overcome challenges during the ongoing very cold crypto-winter...
Key Entity In XRP Ecosystem Backed By Ripple Shuts Down
Coil, a key entity in the XRP ecosystem and a company backed by millions of dollars from Ripple has surprisingly announced that it will cease operations. The company, led by CEO Stefan Thomas, used to...
Kraken shuts down Abu Dhabi office, suspends support for AED
Cryptocurrency exchange Kraken has closed its office in Abu Dhabi less than 12 months after receiving regulatory approval to operate in the region. According to a Feb. 2 report from Bloomberg, Kraken ...
Solana DeFi protocol Everlend shuts down over liquidity issues
Solana decentralized finance (DeFi) protocol Everlend Finance is closing down its operations and urging clients to withdraw funds from the platform. The company announced the decision on Twitter on Fe...
Solana Price To Drop? SOL Based Lending Protocol Shuts Down
Solana (SOL) made a remarkable comeback after sliding into single digits back in December 2022. Solana price jumped by 112% in the last 30 days to trade at $25, at the press time. However, the SOL net...
Solana-based DeFi platform Everlend Finance shuts down
Everlend Finance, a Ukrainian DeFi lending aggregator on the Solana blockchain, has shut down its front-end app due to shrinking liquidity in the market. The platform joins a growing list of Solana De...
Twitter Shuts Down ‘Doge Tipping Bot’, Prompting Appeals to Elon Musk, Backlash From Dogecoin Community
Social media giant Twitter is shutting down a bot that allows users to tip others in meme crypto Dogecoin (DOGE), prompting appeals to CEO Elon Musk. According to one of the program’s designers, the b...
Amazon posts a Web3 job, Kraken shuts down Abu Dhabi office, Bittrex announces layoffs – Cryptopolitan
In the past 12 hours, three stories have hit the crypto market, each impacting the market. The stories include Amazon posting a job for Web3, Kraken shutting down its Abu Dhabi office, and Bittrex ann...
Solana DeFi lender Everlend Finance shuts down its app citing liquidity crunch
Solana-based DeFi lending protocol Everlend Finance has shut down its app platform, despite having sufficient runway to continue operating in the current business environment, the team said on Feb. 1....
Rally’s RLY token tanks 10% as sidechain shuts down – severing users’ from their NFTs
Ethereum-based (ETH) social token platform Rally said its sidechain would shutter operations on Jan. 31, and users would be unable to transfer their non-fungible tokens (NFTs), according to emails sen...
Rally Shuts Down NFT Sidechain, Citing ‘Macro Headwinds’
The Rally social platform has shut down its Ethereum NFT sidechain. The team cited the tough market conditions as the reason for the decision. The Rally platform is drawing flak for its decision to te...
Secret Network validator shuts down nodes after leadership turmoil
A major validator for the privacy smart contract layer-1 blockchain Secret Network has announced that it will no longer provide nodes and support for the network. On Jan. 29, major validator Smart Sta...
Solana DeFi project Friktion shuts down its user platform
Solana decentralized finance (DeFi) platform Friktion is shutting down its user interface and urging customers to withdraw their assets from the protocol, according to a statement on Jan. 26. The pro...
Friktion, a DeFi Platform on Solana Shuts Down Permanently
Friktion, the DeFi project on Solana, has announced it will wind up operations. The platform has closed down deposits and advised users to withdraw their funds. The crypto market witnessed projects su...
Solana-based DeFi project Friktion shuts down its front end
Solana DeFi yield platform Friktion is shutting down its front end website, with customers urged to withdraw their assets, the company stated on Friday. This means the front end website will no longer...
Coinbase Shuts Operation In Japan Citing Market Conditions
The cryptocurrency market, regardless of the ongoing “mini bull run,” is still a long way from its 2021 levels, with companies laying off staff and some even closing operations. The latest on the list...
Dallas Zoo Shuts Down After Leopard Goes Missing: ‘Serious Situation’
Topline Dallas Zoo officials have closed the facility to the public and called in police after a clouded leopard apparently escaped its enclosure Friday, saying it is a “serious situation” even though...
Crypto Giant DCG Shuts Down HQ Subsidiary amid Global Economic Crisis
DCG once appeared to be untouchable but may fast be losing its stability. Digital Currency Group (DCG) has announced that it is shutting down operations at its wealth management division HQ. According...
DCG Wealth Management Division Shuts Down Hours After Genesis Announced Layoffs: Report
Yesterday, the DCG Group – a conglomerate that manages Genesis, Grayscale, and wealth management service HQ – announced a 30% workforce reduction as the shadow of bankruptcy looms over the battered cr...
Digital Currency Group (DCG) Shuts Downs Wealth Division Unit
Genesis has been experiencing significant liquidity difficulty since the FTX crash. Co-founder of Gemini recently addressed an open letter to DCG CEO. Digital Currency Group (DCG), Genesis Global’s pa...
Genesis owner Digital Currency Group shuts down wealth management subsidiary
Digital Currency Group (DCG) is shutting down its wealth management subsidiary HQ Digital, The Information reported Jan. 5, citing an internal memo. According to the report, HQ Digital halted operatio...
Crypto Firm Wyre Reportedly Shuts Down After Canceled Bolt Acquisition, CEO Claims Firm Is Just ‘Scaling Back’ Operations – Bitcoin News
According to several reports, Wyre, a cryptocurrency payments firm, is allegedly sunsetting its business. Wyre’s purported wind down follows Bolt, another payments company, canceling its plan to acqui...
NFT Inspect Shuts Down Amid NFT Decline
Web3 research tool and NFT community platform NFT Inspect has announced that it will be shutting down on January 17, a move that coincides with the global decline in NFT trades. According to a tweet f...
In another blow to Celsius, Core Scientific shuts down 37,000 mining rigs
Core Scientific has shut down 37,000 mining rigs that were hosted for Celsius. The Bitcoin miner’s share price has jumped over 81% following this decision. Bitcoin [BTC] mining firm Core Scientific ha...
Kraken shuts down its crypto services in Japan
Breaking news for Kraken: apparently the platform has closed its crypto exchange in Japan due to weakness in the global cryptocurrency market. Following more details about the closure of the Kraken e...
Midas Loses Golden Touch, Shuts Shop
Crypto investment firm Midas is shutting down its DeFi platform after suffering irrevocable losses in the Terra, Celsius, and FTX crashes. $63M Deficit Forces Midas Shutdown In the aftermath of the h...