Tag: shutters
Bitcoin Pulls Back to $42K; Venezuela Shutters Petro Crypto Project
It’s unclear how much fresh capital the new spot bitcoin exchange-traded funds (ETF) will attract, but significant funds from other crypto products ar [...]
OpenAI shutters AI detector due to low accuracy
Artificial intelligence powerhouse OpenAI has discreetly pulled the pin on its AI-detection software citing a low rate of accuracy.The OpenAI-develope [...]
Crypto payments platform Wyre shutters citing bear market conditions
San-Francisco-based crypto payments firm Wyre is shutting down after almost 10 years in business, citing the financial challenges of the bear market, [...]
Buzzfeed shutters news division, leans into AI
In its first quarter financial call, the digital media company BuzzFeed revealed major declines in revenue and hinted at upcoming changes for the near [...]
Beaxy exchange shutters after SEC presses multiple charges against founder, execs
Beaxy suspended operations on March 28 “due to the uncertain regulatory environment surrounding our business,” according to the cryptocurrency exchang [...]
SpankPay crypto payment service shutters, citing ‘hostile banking environment
Ethereum-based adult entertainment platform SpankChain is shuttering its crypto payment processor, SpankPay, after losing its payment service provider [...]
Silvergate Shutters in Latest Blow to Crypto
The collapse of Silvergate Bank is dragging down bitcoin volume. CryptoQuant data shows that transfer volume, denominated in BTC, is down 35% over the [...]
Nexo shutters US Earn product a month after settling with regulators
Cryptocurrency lending firm Nexo Capital is set to terminate its yield-bearing Earn Interest Product for its customers in the United States roughly a [...]
SEC Chief Gensler Warns Crypto Firms to Comply With Rules After Kraken Shutters Staking Program
“330 million Americans are our clients,” Gensler replied. “Kraken knew how to register, others know how to register, it's just a form on our website… [...]
CNN Shutters Vault NFT Marketplace Prompting Rug Pull Accusations
“We learned a lot from our first foray into Web3, and we are excited to carry Vault’s concepts around community storytelling into future projects,” sa [...]
ePayments shutters as FCA Anti-Money Laundering regulations tighten
The electronic payments provider ePayments is putting the final nail in the coffin of its operations. ePayments issued email notices to clients on Tue [...]
Snapchat’s parent company shutters Web3 division amid layoffs
Snap Inc's CEO Evan Speigel announced in a note on Friday that the company had made the difficult decision to reduce the size of its workforce by appr [...]
Blockchain Firm Skynet Labs Shutters After Failing to Get New Funding
“It is with regret that we announce Skynet Labs has been unable to complete its next round of fundraising and will be shutting down,” CEO David Vorick [...]
Ethereum DeFi Service Porter Finance Shutters Bond Platform, Citing Lack of ‘Lending Demand’
Porter founder Jordan Meyer said the platform was also shunning legal risks with the move. “We are also no longer willing to take on the legal risk as [...]
Wikimedia Foundation shutters BitPay account halting crypto donations
The Wikimedia Foundation, which backs Wikipedia, will shut down its BitPay account and has announced it will stop accepting cryptocurrency donations b [...]