In an effort to avoid the spread of the banking meltdown, authorities have announced the closure of another crypto-friendly bank – New York-based Signature Bank – dealing a severe blow to the crypto i...
Tag: Shutter
Regulators Shutter Signature Bank Days After SVB Collapse $BTC
According to an announcement by the Federal Reserve, New York-based Signature Bank, which had several clients in the cryptocurrency space, was shut down by state regulators. Signature Bank Shut Down ...
Blockchain.com to shutter asset management division
Ad Blockchain.com will discontinue its recently-opened asset management arm, Bloomberg News reported March 9. Through that division, the company offered an investment vehicle that tracked the price of...
Galois Capital to Shutter Flagship Crypto Fund Citing ‘FTX Disaster’
Galois Capital announced it will shut down after losing a substantial portion of its capital following the collapse of Sam Bankman-Fried’s FTX, according to a Financial Times report citing co-founder ...
BNB Token Plunges as Binance, Paxos Shutter BUSD Stablecoin Product
The recent regulatory action against Paxos and Binance over the partnership’s dollar-pegged stablecoin has spooked investors. Following the crackdown from the SEC and the New York Department of ...
Kraken Agrees To Shutter Staking As Part Of SEC Settlement
Cryptocurrency exchange Kraken and the United States Securities and Exchange Commission (SEC) have reached a settlement under which Kraken will pay a $30 million fine and shutter its staking business....
LocalBitcoins P2P marketplace to shutter services
Peer-to-Peer marketplace LocalBitcoins is discontinuing its services from Feb. 17, according to a Feb. 9 company statement. New sign-ups will be suspended as of Feb. 9, followed by the suspension of t...
Coinbase Announces ‘Difficult Decision’ to Shutter Operations in Japan
Coinbase has confirmed that it will halt operations in Japan in the next few weeks, citing current market conditions. “Due to market conditions, our company has made the difficult decision to halt ope...
The Block: Digital Currency Group to shutter wealth management unit: The Information
Barry Silbert’s Digital Currency Group is shuttering HQ Digital, a subsidiary focused on wealth management that it launched last year. DCG, parent of troubled crypto broker and lender Genesis Tr...
Kraken to shutter operations in Japan by end of January 2023
Kraken will shut its operation in Japan and deregister with the country’s Financial Services Agency on Jan. 31, 2023, according to a Dec. 28 statement. According to the exchange, the decision was mad...
Line to Shutter US Crypto Exchange Next Year, Suspends Onboarding Today
Japan’s Line is shutting down its U.S. exchange Bitfront in the new year in an effort to focus on its other blockchain ventures. The messaging company said in a notice to customers that new signups ha...
Babylon Finance to shutter protocol after losing $3.4 million in Rari hack
Decentralized asset management protocol Babylon Finance announced the project is shutting down in November, citing its failure to recover from a $3.4 million exploit on a lending service it launched o...
Ethereum devs to shutter Ropsten, Rinkeby and Kiln testnets after merge
The Ethereum core development team has announced a plan to shut down three of its existing testnets — Ropsten, Kiln and Rinkeby — after the so-called merge. Testnets are blockchain clones used for exp...
U.S. State Regulators Aim to Shutter NFT Casino
Key Takeaways State securities regulators in Alabama and Texas have filed cease-and-desist orders against Sand Vegas Casino Club. Those regulators say that the online casino sold NFTs to fund its oper...
Firms in Singapore Shutter Crypto ATMs Amid Advertising Crackdown
Cryptocurrency ATMs are shutting down across Singapore after the Monetary Authority of Singapore (MAS)—the city-state’s financial services regulator— announced a crackdown on crypto-related adve...