THE LATEST CRYPTO NEWS FROM CNS Swyftx to chop its ‘Earn’ | Crypto Never Sleeps Broad

THE LATEST CRYPTO NEWS FROM CNS

Swyftx to chop its ‘Earn’ program this week, citing murky regulations

Australian crypto exchange Swyftx is set to shutter its crypto-interest product this week, citing a “constantly changing regulatory landscape” for crypto products in the country.

From Jan. 10, the crypto exchange will cease to operate the “Earn” program, with users having their entire Earn balances returned to their trade wallets.

Swyftx said while the decision might be “disappointing” for users, it is “committed to doing what is best for the program in the near term.”

https://cointelegraph.com/news/swyftx-to-chop-its-earn-program-this-week-citing-murky-regulations


Wyre imposes up to a 90% withdrawal limit for all users

Crypto payment platform Wyre modified its withdrawal policy to limit users from cashing out up to 90% of their assets, just days after two former employees allegedly hinted at the possibility of a shutdown.

On Jan. 7, Wyre imposed a withdrawal limit on its platform, citing “the best interest of our community.” Following the policy modification, Wyre users can withdraw up to 90% of their crypto funds as the company explores strategic options to circumvent the prolonged bear market.

https://cointelegraph.com/news/wyre-imposes-up-to-a-90-withdrawal-limit-for-all-users


Mastercard Taps Polygon to Empower Emerging Artists in Web3 Tech

Mastercard, the payments giant, has partnered with Polygon, an Ethereum scaling platform, to introduce emerging artists into Web3 technology. Mastercard’s artist accelerator, as the program is called, will teach five different emerging artists, including singers, musicians, DJs, and producers, to use blockchain tools to grow their brand and fan engagement.

https://news.bitcoin.com/mastercard-taps-polygon-to-empower-emerging-artists-in-web3-tech/