Tagged: shutdown

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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