Shutdown

Shutdown

Finance

Social Token Project Rally Shuts Ethereum Sidechain, Stranding Users’ Crypto Assets

Rally blamed its sidechain’s demise on "macro headwinds."

Rally is sunsetting its Ethereum sidechain. (rally.io)

Markets

Coinseed Shuts Down Following Lawsuit, Slams NYAG Letitia James

The company’s website now advertises an airdrop of the “F***LetitaJames” token.

New York state Attorney General Letitia James (CoinDesk archives)

Markets

Myanmar Military Blocks Facebook as Global Internet Disruptions Intensify

Internet disruptions are costly, but that doesn’t stop governments from shutting down access.

Thai police officers stand guard outside the Embassy of Myanmar in Bangkok, Thailand, on Monday, Feb. 1 2021.

Policy

Internet Shutdowns Cost India $2.8B in 2020: Report

A 2020 report by Top10VPN found India to be the country that suffered the most economic damage from internet disruptions.

Mumbai, India (Shutterstock)

Finance

Bitcoin Startup Purse to Shut Down After 6-Year Run

Bitcoin shopping startup Purse will shut down after six years in the space, according to an email sent to customers Thursday and confirmed by CoinDesk.

Zip

Markets

Crypto Bank FairX Shuts Down Citing Lack of Funds, Bleak Future

FairX, a crypto bank that planned to run on the Stellar network, ran out of steam.

fairx

Markets

Wall Street Crypto Products May Have to Wait as US Regulators Confront Backlog

The SEC and CFTC have five weeks of work to catch up on, and crypto advocates have no illusions that bitcoin ETFs and the like are a priority.

U.S. Capitol

Markets

US Government Shutdown Derailed Bitcoin ETF Talks, Says VanEck CEO

The bitcoin ETF proposal was pulled due to the government shutdown, VanEck CEO Jan van Eck said Wednesday.

dc