Shutdown


Policy

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

While Congress stares down the barrel of a Nov. 17 government shutdown, the rudderless House remains the focus of the crypto industry’s hopes for regulatory progress.

House Majority Leader Steve Scalise (R-La.) and Judiciary Committee Chairman Jim Jordan (R-Ohio) are vying in the House of Representatives for the open speaker position. (Chip Somodevilla/Getty Images)

Markets

Bitcoin Slips Below $27K, but What Might Government Shutdown Mean for Prices?

The last time BTC posted a positive return during September was in 2016.

Bitcoin price in September (CoinDesk)

Policy

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

Experts suggest that the courts and the SEC will keep rolling if the government is shuttered, but an already sluggish interaction with federal officials may be slowed even further.

Sheila Warren writes Sam Bankman-Fried's case is a "tale as old as fraud." (Jesse Hamilton/CoinDesk)

Tech

Venture-Backed Saddle Finance Proposes Wind-Down, Dissolution

The Ethereum-based crypto trading protocol would shut down and distribute its treasury to investors under the proposed plan.

(Sean Gladwell/Getty Images)

Finance

Solana-Themed Storefronts Close Shop, Ending Experiment in IRL Blockchain Evangelism

Solana Spaces will close its New York City and Miami locations by the end of February.

Solana Spaces (Solana)

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.

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