Algofi, the Algorand ecological DeFi protocol, decided to gradually shut down the platform

DBS DOWN: PayLah! Service Restored After Temporary Outage

For those customers who were able to access PayLah! and qualify for the DBS 5 Million Hawker Meals cashback, the bank assured that rebates would be issued by Friday.

Aptos Down, The Next Solana?

Aptos Resumes Network After 5-Hour Outage

Chainalysis Confirms Crypto Crime Down in Mid-Year Report

The decrease in crypto scams could be attributed to the maturation of cybersecurity services in decentralized finance.

Algofi Shutdown: Will It Impact Algorand Blockchain?

Algorand-based DeFi protocol, Algofi is winding down operations due to inability to maintain high standards.

Coinbase CEO Armstrong Says Not Shutting Down Staking Service

The country’s largest exchange will continue to offer staking services despite facing lawsuits over the service from federal and state regulators.

Meta ‘Winding Down’ Instagram NFT Support to Focus on Creators

After just a year of supporting the sharing of digital collectibles on its Instagram platform, Meta is pausing the project. Meta Commerce and Fintech lead Stephane Kasriel announced the change on Twitter. The tech and social media giant is winding down its digital collectibles initiative “to focus on other ways to support creators, people, and businesses,” Kasriel wrote. Last year, Meta made a big push into digital collectibles after Mark Zuckerberg, CEO of Instagram’s parent company Meta, annou...

Coinbase NFT Pauses Creator Drops, Insists Marketplace Is Not Shutting Down

In case you forgot, Coinbase still has an NFT marketplace—and it’s still not doing very well.

Crypto Investment Firm Midas Shutting Down Platform Following Losses

The collapse of Celsius and FTX led to more than 60% of Midas’ assets under management being withdrawn.

Compass Mining Shutting Down Georgia Facilities Due to Excessive Energy Rates

Stablecoin Fei (FEI) Might Be Shutting down Soon