As answers from the Multichain team are still needed, the biggest cryptocurrency exchange in the world, Binance, said on Thursday that it will temporarily ban deposits for certain bridging network tokens. Meanwhile, a number of reports have surfaced suggesting that Zhao Jun, co-founder, and CEO of Multichain, has disappeared and
May 25, 2023 1 min read
Tenet, a layer-1 ecosystem for generating yield and utility for liquid staking derivatives (LSD), is growing its presence on the Cmarket through two significant partnerships with QTUM, a Proof of Stake network fusing the advantages of Ethereum and Bitcoin, and Conflux, a layer-1 network running on a hybrid Proof of
May 24, 2023 3 mins read
Debt limit negotiations, which were fruitless on Monday, will be resumed on Tuesday between President Joe Biden and leading Republican Kevin McCarthy. The Treasury Department is taking measures to avert an unprecedented default, such as probing government agencies about the flexibility of impending payments, as the likelihood of the United
May 23, 2023 2 mins read
The People’s Power Party (PPP), the governing party in South Korea, has proposed a new bill urging lawmakers and other high-level government officials to implement crypto legislation and regulations as soon as possible. This request was made on Tuesday, May 23. PP House Leader Yun Jae-ok addressed the press with
May 23, 2023 1 min read
Despite the disastrous debt limit issue, US Federal Reserve officials are considering more rate rises, including the presidents of the Federal Reserve Banks of Minneapolis and St. Louis. The debt limit agreement will affect the price of Bitcoin because the US Treasury will issue government bonds to replenish funds depleted
May 22, 2023 1 min read
The Web3 Move-to-Earn (M2E) game STEPN has announced the addition of Apple Pay as a fiat onramp for in-app purchases, in an effort to increase accessibility and attract a wider audience. The Australian firm’s long-term goal is to make it unnecessary for Stepn users to leave the app and go
May 22, 2023 2 mins read
Local media in Brazil reported on May 19 that Binance’s Brazilian payment processor, Latam Gateway, has been awarded a license by the country’s central bank to function as a payment institution and electronic money issuer. In a recent statement, Binance said that Brazil is one of its most promising international
May 21, 2023 2 mins read
The new “Phygital” Toy Collection & Experience for the popular NFT collection Pudgy Penguins on the online retail behemoth Amazon has resulted in skyrocketing curiosity and sales. Over 20,000 Pudgy Penguins were sold in the first two days, resulting in sales of over $500,000, as reported by Luca Netz, CEO
May 21, 2023 1 min read
The well-known founder of Cardano, Charles Hoskinson, has spoken out in the midst of the heated debate surrounding Ledger, a prominent hardware wallet manufacturer. And its controversial firmware update, which offers a feature allowing users to back up their seed phrases by sending encrypted key fragments to third-party firms. Hoskinson
May 19, 2023 1 min read
In a major rebuke of the once-lauded idea that rose to popularity with cryptocurrencies. The operator of Australia’s stock exchange has abandoned plans to replace its software infrastructure using blockchain technology. The decision by the Australian Securities Exchange (ASX) to “pause” the rebuild of its complete trading, settlement, and clearing
May 19, 2023 2 mins read
