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Huobi Exchange Token Down 11% on Reports of Layoffs, Internal Strife at Company

6.1.2023
Exchange volume has dropped by 23% as market concern grows around the health of Huobi

Crypto Firm Wyre Reportedly Shuts Down After Canceled Bolt Acquisition, CEO Claims Firm Is Just ‘Scaling Back’ Operations

5.1.2023
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 acquire Wyre in September. Wyre CEO Ioannis Giannaros, however, told Axios that the company is “still...

Crypto firm Juno urges users to withdraw after 'uncertainty' with custody partner

5.1.2023
Juno recommended users pull their funds from the platform amid "uncertainty" over the fate of its crypto custody provider Wyre

Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius

4.1.2023
Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific approximately $7.8 million for energy and hosting costs, as the crypto lender has been unable to make...

Crypto Payments Company Wyre Reportedly Shutting Down Due to Market Downturn, Recently Valued at $1.5 Billion – Bear Market Getting Worse?

4.1.2023
Crypto payments company Wyre reportedly started laying off employees - but also decided on a complete shutdown. Axios reported that the information was confirmed by two former employees. It cited one of these people as saying that the company's CEO Ioannis Giannaros sent an email to certain...

NFT Research Tool NFT Inspect Is Shutting Down

4.1.2023
The decision to shutter the service comes as the NFT market faces intense headwinds, with sales volume dropping by double digits quarter-over-quarter

Core Scientific shuts down 37K mining rigs it was hosting for Celsius

4.1.2023
Core Scientific estimated that canceling the agreement with Celsius will provide $2 million in revenue per month as long as Bitcoin stays around $16,700

Core Scientific to Shut Down Celsius Crypto Mining Equipment

4.1.2023
The two firms have been engaged in litigation over a 2020 hosting contract, which Core Scientific says is losing it $2 million per month

Today in Crypto: Ukrainian Pharmacy Partners with Binance to Offer Crypto Payments, Sushi Shutting Down Two Products

3.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Ukrainian Pharmacy Partners with Binance to Offer Crypto Payments, Sushi Shutting Down Two Products

Tax attorney breaks down the MicroStrategy Bitcoin sale

3.1.2023
MicroStrategy’s recent sale of a portion of its Bitcoin treasury holdings puts cryptocurrency tax-loss harvesting into the spotlight

IMF Warns of Tough Year Ahead for World Economy Citing Slowdown in US, EU, China

2.1.2023
The International Monetary Fund (IMF) has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowing down simultaneously. “We expect one-third of the world economy to be in recession … Even countries that are not...

NFT Sales Continue to Decline, With ETH-Based NFTs Seeing a 20% Drop in the Past Week

31.12.2022
Non-fungible token (NFT) sales over the last seven days are ending the year 13.97% lower than the week prior. During the last week, statistics show that $147,054,554 in NFT sales were recorded across 334,668 NFT buyers. NFT Sales Continue to Slip: 13.97% Decrease in Last Seven Days NFT sales...

Solana joins ranks of FTT, LUNA with SOL price down 97% from peak — Is a rebound possible?

30.12.2022
SOL price jumped 20% after falling to its worst level since February 2021 with Solana's technicals suggesting that more upside is possible

Vader will shut down stablecoin USDV, cannot find a 'breakthrough'

29.12.2022
The remaining treasury will be distributed to users through a redemption app until June 2023, according to the protocol

Top SEC Official Steps Down Following Controversial Meetings with Sam Bankman-Fried and FTX Lobbyists

29.12.2022
Dan Berkovitz, General Counsel at the Securities and Exchange Commission, is departing the agency amid reports that he had met and dined with disgraced FTX founder Sam Bankman-Fried. In an announcement last week, the SEC said that he is departing his role at the agency effective January 31. Megan...

Kraken Shutting Down Crypto Exchange in Japan Citing Weak Global Crypto Market

29.12.2022
Cryptocurrency exchange Kraken is shutting down services in Japan. The company explained that the current Japanese market conditions and a weak global crypto market do not justify the resources needed to further grow its business in Japan at this time. Kraken Exiting Japan Cryptocurrency exchange...

US Authorities Crack Down on Alleged Cryptocurrency Fraud Involving Mango Markets and Avraham Eisenberg

28.12.2022
US prosecutors have pressed criminal charges against a man accused of attempting to steal some $110 million last October by rigging crypto exchange Mango Markets, an entity run by the Mango decentralized autonomous organization (DAO). The individual is suspected of commodities fraud...