#delists

Key Highlights PlayStation unexpectedly delists and shuts down servers for Destruction AllStars. The game was released during the PS5’s launch window but received a mixed reception. Destruction AllStars was developed by Lucid Games, a studio with a background in vehicle-based games. This shutdown follows Bungie’s announcement of shutting down support on Destiny 2. PlayStation’s Move: A Shock to…

Revolut delists Cardano, Polygon, and Solana in US market

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in an email sent to U.S.-based users on June 28, U.K. fintech firm Revolut announced that it is ending support for three major cryptocurrencies.

The company stated that U.S. users will not be able to buy Cardano (ADA), Polygon (MATIC), and Solana (SOL) through its app, effective immediately.

At a later, unspecified date, users will no longer be able to hold or sell those cryptocurrencies. After that date, Revolut will automatically sell the tokens and deposit the equivalent cash into each user’s Revolut account.

The delisting only affects a small portion of the company’s supported coins. Revolut currently supports more than 80 tokens, according to its website.

At present, the new policy applies to users of the U.S. Revolut app. The company is primarily a U.K. service but has recently expanded to the U.S. and elsewhere.

Delisting follows high-profile SEC cases

Revolut said that it is delisting the above assets because of changing laws and regulations in the U.S. Though the company did not specifically identify the Security and Exchange Commission’s ongoing cases against Coinbase and Binance, both of those cases name ADA, MATIC, and SOL as securities.

Other exchanges and crypto platforms have delisted the same assets in recent weeks. Robinhood announced that it would delist ADA, MATIC, and SOL on June 9, while Bakkt announced it would delist those coins on June 16.

Revolut did not provide any further comment on its decision but provided CryptoSlate with a copy of the email that it sent to its customers.

The post Revolut delists Cardano, Polygon, and Solana in US market appeared first on CryptoSlate.

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Binance delists PEPE from its personal loan product 

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Binance has introduced the delisting of the PEPE meme coin from its Flexible Personal loan item. The firm has suggested people to repay all exceptional PEPE financial loans in advance of June 26 to stay clear of opportunity liquidation.

Binance, the world’s greatest bitcoin (BTC) investing location and main blockchain ecosystem, has relinquished assist for PEPE as a borrowable asset in its Versatile Personal loan product.

The exchange introduced that all exceptional PEPE loan positions of Binance’s Flexible Bank loan marketplace members will be closed at exactly 08:00 UTC on June 21. Buyers are expected to repay their outstanding PEPE financial loans in advance of that day to steer clear of acquiring liquidated.

The Binance Flexible Loan is an isolated, overcollateralized, open-time period item that enables people to safe isolated financial loans with their crypto holdings. 

PEPE cost movement 

Pepe, a meme coin released scarcely three months ago, has immediately become a single of the most traded digital assets on the market place. It strike a market place capitalization of $1 billion just a handful of months following going are living, a feat that took its counterpart, dogecoin (DOGE), yrs to achieve.

BlackRock Fund, an financial commitment fund from the stables of BlackRock, very last month withdrew $1.98 million really worth of PEPE from Binance.

https://www.youtube.com/look at?v=hfYEvJ5gdec

PEPE is exchanging hands for $.00000097 at the time of crafting. It signifies a 7.6% improve in the last 24 hours. PEPE has a 24-hour buying and selling volume of $192 million, with a marketplace cap of $381 million, in accordance to CoinGecko.

PEPE price | Resource: CoinGecko

Despite its recent resurgence, the cost of PEPE has been down by a whopping 23.5% in the previous seven times. PEPE’s recent rate signifies a 79.35% decrease from its all-time superior of $.00000431 in May 2022.

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Bakkt delists SOL, MATIC, and ADA amid regulatory uncertainty

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Bakkt has delisted solana (SOL), polygon (MATIC), and cardano (ADA), citing regulatory uncertainty in the US. The trade states it’s awaiting even more clarity on how to give a lot more altcoins compliantly. 

The present-day regulatory darkish clouds in the US continue on to effect the crypto sector, as Bakkt has declared the delisting of SOL, MATIC, and ADA. 

The final decision will come as the U.S. Securities and Exchange Commission (SEC) proceeds its onslaught versus web3 market participants in the place, irrespective of failing to formulate distinct-reduce guidelines for the fledgling industry.

SEC’s lawsuits from Binance and Coinbase allege that equally exchanges facilitated investing unregistered securities, including SOL, MATIC, and ADA. Bakkt’s common counsel and secretary, Marc D’Annunzio, has emphasised the want for even more clarity right before providing a lot more cash for compliance sake. 

https://www.youtube.com/view?v=T5rnSJKMNFs

Before this month, the Gary Gensler-led watchdog marked 67 altcoins as securities, with a total market benefit of $100 billion. 

Robinhood, an American economical products and services organization recently introduced strategies to prevent supporting solana, polygon, and cardano by June 27 in line with the present-day regulatory crackdown.

Likewise, eToro, a social trading system, has mentioned that it will delist polygon, MANA, Sprint, and ALGO from its U.S. system starting July 12. 

Bakkt also delisted ALGO and MANA previously this year following SEC’s lawsuit against the now-bankrupt Bittrex. Nevertheless, Bakkt nonetheless supports eight cryptocurrencies, like BTC, ETH DOGE, LTC USDC, and Shiba Inu. Although the regulatory issues proceed, Bakkt aims to strengthen its compliance attempts and adapt to alterations.

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Binance delists privacy coins for European users amid layoff rumors

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