According to the crypto payments company Wyre, based in San Francisco, which ceased operations in June 2023, the multi-currency self-custodial wallet platform Rockwallet has taken over Wyre’s entire customer base. On Thursday, Rockwallet announced it has been reaching out to customers to ensure a smooth transition in their digital asset endeavors, eliminating the need for…
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This week the collectibles and candy company Topps communicated with its customers regarding its non-fungible token (NFT) initiatives. The company acknowledged encountering challenges with a payment service provider in January 2023, leading to a transition to a new provider, Fortress, in September. Nevertheless, regulatory constraints have resulted in the unavailability of custodial wallets for collectors…
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Crypto-based payments firm Wyre is shutting down its business, citing “market conditions” and a need to protect the interest of stakeholders and customers. The news of the shut-down came in the form of a tweet published on Friday, where the company stressed that the decision was purely business-related and not due to regulatory pressure…. Read…
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Wyre has begun the process of winding down and noted that interested parties can now start inquiring about purchasing the firm’s assets. San-Francisco-based crypto payments firm Wyre is shutting down after almost 10 years in business, citing the financial challenges of the bear market and not having anything to do with hawkish “regulatory agency direction”…
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SpankChain was forced to close its crypto payment processor after the hunt for a new adult-industry-friendly service provider yielded no results. Ethereum-based adult entertainment platform SpankChain is shuttering its crypto payment processor, SpankPay, after losing its payment service provider Wyre in February and failing to find a new one. In February, SpankPay revealed that its…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Expelled Chinese Communist Party Official Shamed on TV for Supporting Crypto Mining, Nigeria Considering a Regulatory Framework for Stablecoin Implementation Read more »Sign up for e-EUR – the…
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The crypto-focused payments provider Wyre has limited withdrawals for its clients to 90% of funds held in the account, citing a need to “navigate the current market environment.” “We are modifying our withdrawal policy. While customers will continue to be able to withdraw their funds, at this time, we are limiting withdrawals to no more…
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