Crypto Biz: Another victim of the bear market
Three Arrows Capital. Celsius. Voyager Digital. In 2022, the list of crypto shutdowns, bankruptcies, and trading freezes was endless. And the year isn’t over yet. This week, German crypto bank Nuri urged its users to withdraw funds ahead of the company’s planned shutdown in December — at least Nuri’s users were given proper notice.
The crypto bear has been relentlessly cleaning out the market of excess, risk management, and scams. If industry experts are taken seriously, the market may see. one final capitulation Before conditions improve.
500K German crypto bank Nuri urges users to withdraw funds in advance of shutting down
Voyager Digital won’t sue its executives for incompetence, will claim insurance on them
Silvergate Capital’s crypto-to-fiat transfers decrease by $50B compared with Q3 2021
Binance launches $500M lending initiative to support crypto miners
Before you go: When does the crypto bear market end