Tagged: shutdown

Blockchain Platform Kadena to Wind Down Operations Due to Challenging Market Conditions

The Kadena organization said that it is no longer able to continue business operations and will be “ceasing all business activity” as well as any active maintenance of the Kadena blockchain with immediate effect. The Kadena organization said they are winding down operations because of… Read More

Following $133 Million Private Placement, US-Based Crypto Startup Basis Shuts Down & Returns Funds

Less than a year after securing $133 million in a private placement from  Bain Capital Ventures, GV, Stanley Druckenmiller, Kevin Warsh, Lightspeed, Foundation Capital, a16z, Wing VC, NFX Ventures, Valor Capital, Zhenfund, INBlockchain, Ceyuan, Sky9 Capital, U.S. crypto firm Basis has decided to shut down all… Read More

BitLendingClub to Shut Down: Claims Closure Is Caused By Regulatory Pressure

BitLendingClub, a bitcoin peer-to-peer lending platform, announced on Thursday it was shutting down all of its services. The website claimed the closure was due to regulatory pressure. The lending portal’s team released a letter to customers, stating: “We’ve worked extremely hard to build a platform… Read More

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