1 / 1 Relevant items tagged with #Shutdown

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Shut It Down — AI Exposes Hidden Pork in Congress’s Controversial Spending Package

[Dec 19 3:40 PM] According to reports, the U.S. government is teetering on the brink of yet another shutdown, with the funding deadline looming large on Dec. 20, 2024. The proposed funding bill has stirred up quite the controversy, packed as it is with what many…

RMIT Blockchain Hub future in doubt amid claims it will 'shut down'

[Nov 22 3:12 AM] The Blockchain Innovation Hub at RMIT is hanging in the balance as discussions about its future and whether it should be shut down have started.

Inferno Drainer says it’s shutting down after helping steal $70M in crypto

[Nov 26, 2023 5:58 PM] “We hope you can remember us as the best drainer that has ever existed,” wrote the scam-as-a-service wallet drainer.

3 reasons why Bitcoin price failed to break $37K

[Nov 15, 2023 7:21 AM] Bitcoin’s latest price pullback to $35,000 was driven by softer U.S. inflation, China’s economic challenges and regulatory uncertainties.

Crypto Needs Congress, But U.S. Lawmakers Have Opted for Pandemonium

[Oct 9, 2023 8:24 AM] Without the U.S. Congress outlining a clear system of rules, the crypto industry fears it’ll be relegated as a volatile financial backwater. But Capitol Hill is beset by drama, including a U.S. House of Representatives that fired its speaker and a…

THORSwap goes into 'maintenance mode' to counter illicit funds movement

[Oct 6, 2023 2:39 AM] THORSwap acknowledged the ongoing illicit use of the DEX and are acting to find a permanent block to the misuse.

Here’s how Bitcoin investors can trade the tension surrounding a U.S. government shutdown

[Oct 3, 2023 12:45 PM] Rumors of a US government shutdown impact asset prices, including Bitcoin. Here’s how BTC options traders can capitalize on the 45 day funding deadline.

Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

[Sep 29, 2023 2:11 PM] The losses on US Treasuries recently surpassed $1.5 trillion and the likely outcome is turbulent markets, but how will Bitcoin price fare?

Bitcoin’s Slips Below $27K, But What Might Government Shutdown Mean for Prices

[Sep 29, 2023 1:27 PM]

U.S. Shutdown, Assuming It Doesn’t Run Long, Will Slow, Not Cripple Crypto Efforts

[Sep 25, 2023 2:14 PM] The crypto industry’s business in Washington is coming to a head just as a looming congressional budget impasse could shut down an array of federal services next week. But the digital assets sector can expect its most important matters won’t go…

Solana-based Clockwork to shutter citing ‘limited commercial upside’

[Aug 28, 2023 7:34 PM] Clockwork’s planned closure comes about a year after receiving $4 million in a seed round led by Multicoin Capital.

Heatwave and Debt: Laos Suspends Crypto Mining Operations Amid Rising Power Demands

[Aug 26, 2023 1:30 PM] In recent developments, Electricite du Laos (EDL) announced on August 24 that the power company shut down cryptocurrency mining activities. This decision came after this summer’s unprecedented heat surge escalated electricity demands…

Thailand threatens Facebook over crypto scams and other fraudulent ads

[Aug 21, 2023 7:25 PM] Thailand’s digital minister said he would seek a court order to shut Facebook in the country unless it takes action on the alleged scams.

Farmington Bank Faces Fed Wrath: Alameda-Backed Financial Institution Ordered to Shutdown

[Aug 21, 2023 12:30 AM] In a statement released August 17, 2023, Farmington State Bank, with an investment from Sam Bankman-Fried’s Alameda Research, consented to a cease and desist order from the U.S. Federal Reserve. Alameda invested $11.5 million into the bank’s…

Canaan Cuts Bitcoin Mining Power by 2 EH/s Amid US, Kazakhstan Challenges

[Aug 20, 2023 2:30 AM] Canaan, a leading high-performance computing firm and mining rig producer, recently disclosed hurdles set to dent its bitcoin mining activities and revenue from Q3 2023 onward. These setbacks primarily stem from diminished operational hours of…

Venture-Backed Saddle Finance Proposes Wind-Down, Dissolution

[Aug 8, 2023 2:39 PM] The Ethereum-based crypto trading protocol will shut down and distribute its treasury to investors.

Coinbase to cease issuing new Bitcoin-backed loans via Borrow service

[May 3, 2023 10:34 PM] The service allows users to borrow up to $1 million with no credit check, provided they post Bitcoin as collateral.

Breaking: Signature Bank closed by New York banking authorities

[Mar 12, 2023 4:33 PM] The New-York-based bank, which is also known to serve a number of crypto firms, was shut down by state regulators, according to a Federal Reserve announcement.

Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance

[Mar 10, 2023 5:30 PM] Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing…

Crypto Exchange Bitzlato Restores Access to User Funds

[Mar 3, 2023 6:30 AM] Russia-linked cryptocurrency exchange Bitzlato has begun processing withdrawals of digital assets belonging to its customers. The trading platform was shut down in an operation carried out by law enforcement agencies in the U.S. and Europe alleging…

Huobi Cloud Wallet no more: Exchange pulls plug on DeFi multi-token wallet

[Feb 13, 2023 2:53 AM] Huobi has announced the impending closure of its Huobi Cloud Wallet service, citing strategic adjustments for the move.

Nexo shutters US Earn product a month after settling with regulators

[Feb 12, 2023 6:59 PM] The shutdown of Nexo’s earn product follows from a multi-million dollar settlement the firm paid last month with U.S. regulators.

Localbitcoins, the Pioneer P2P Bitcoin Exchange, Shuts Down After a Decade of Service Due to Crypto Winter

[Feb 9, 2023 9:00 AM] 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-winter,” which has left…

Wyre Announces Modification of Withdrawal Policy, Pushing Topps to Temporarily Suspend NFT Marketplace Transactions

[Jan 7, 2023 3:30 PM] Following reports that the crypto payments firm Wyre was shutting down operations, CEO Ioannis Giannaros offered a contradicting story, stating that the firm was merely “scaling back.” Wyre has now announced that it is…

Crypto Exchange Bitfront Shuts Down Amid Industry Challenges

[Nov 29, 2022 3:00 PM] Cryptocurrency exchange Bitfront has announced its intention to cease operations in the coming months, citing challenges facing the industry. The U.S. trading platform, backed by Japan’s social media giant Line, indicated the decision is unrelated…