Crypto Payments Platform Wyre Imposes 90% Withdrawal Cap.
Wyre has changed its withdrawal policy to allow for the withdrawal of up to 90%.MetaMask has asked its users to refrain from using Wyre on the mobile aggregator.Just days after…
Australian Crypto Exchange ‘Swyftx’ Abandons Crypto Earn Program.
Swyftx acknowledged that this choice might be “disappointing” for users.The exchange has said it may reintroduce it if the restrictions are simplified.In light of the “constantly changing regulatory landscape” for…
Mastercard and Polygon Unite to Build a WEB3 Music Space.
Mastercard and Polygon Network unite to create a new web3 space for musicians. According to the blog, this initiative will let artists acquire unique access.Mastercard has collaborated with Polygon to…
Kazakhstan Crypto Miners Now Subject To Higher Electricity Charges.
The rate varies according to the cost and availability of the electricity needed to mine.Crypto farms that use renewable energy will likewise be awarded the lowest tariff.Cryptocurrency miners in Kazakhstan…
Ferrari Terminates Collaboration With Crypto Sponsors.
Ferrari lost $55M after terminating collaboration arrangements with Velas Blockchain.The team was not in accordance with the provisions that allow Velas to produce NFT.The Ferrari racing division, known as Scuderia…
Binance Faces Intense Scrutiny by U.S Authorities Post Rival FTX Fall.
Reports surfaced last year linking the exchange to the Russian dark web marketplace. The multibillion-dollar collapse of FTX rocked the faith of investors.Prosecutors in the United States are investigating Binance’s…
Jack Ma No Longer Leading Shareholder in Fintech ‘Ant Group’.
A $37 billion IPO by Ant Group in Hong Kong in 2020 was halted by Chinese authorities.The Chinese tycoon’s share of the company’s voting power will drop to around 6.2%.Jack…
Mycelium Liquidity Pool Suffers Loss Due to Issues With Price Feed.
The IP address of the protocol was blacklisted by the Binance API component.The Bitfinex API began publishing very fluctuating prices for the ETH/USDT pair.Mycelium, a Web3 ecosystem comprised of many…
NFT Marketplace SuperRare Lays Off Staff After Over Hiring
SuperRare CEO John Crain claims they made the mistake of overhired.SuperRare collected over $250M in digital art and $3M in artist royalties paid.SuperRare, a Non-Fungible Token (NFT) marketplace, has declared…
Justin Sun made Transfers $100M Stablecoins to Huobi Amid Large Withdrawals.
The funds transferred were held in USDT and USDC.Nansen reported that the last 24 hours accounted for $60.9 million.After hearing that the crypto exchange Huobi was laying off workers, Tron…