Platform

On the 10th of March 2020, Liam Kovatch, the CEO of Paradigm Labs, announced the closure of the company. Paradigm Labs is a decentralized finance (DeFi) project. The company noted that the closure is because of lack of significant product-market fit and limited resources. Paradigm Labs however expressed their gratitude to their community for their support in two years of their operation. What’s Next after Paradigm Labs Closure? The DeFi  project's announcement stated that the closure will affect the broader ox…

The American-based crypto exchange company Poloniex announced a partnership with payments company, Simplex. The partnership will facilitate an easier mass access to crypto trading for Poloniex clients. A Twitter announcement announced the addition of at least 18 major fiat currencies to the exchange. Debit and Credit Card Crypto Purchase from the Poloniex Simplex Collab  Simplex is a payments company with a feature that enables the use of debit and credit cards to purchase cryptocurrencies. The partnership intends to apply this…

Recently, Crex24 crypto exchange users, have accused the platform of not being truthful about the extent of the most recent hack. The accusations arose after the users noticed suspension of trades in several altcoins on the platform.  According to the customers, Crex24 has not been forthcoming about the reasons for them suspending the trading of over 60 altcoins. The most recent event in Crex24 is freezing the platform's multiple coins' withdrawals and deposits.   Although many people have accused Crex24 of…