Multichain, once a promising cross-chain router protocol, has found itself in a devastating situation. The company recently made the heart-wrenching decision to cease its operations due to a dire lack of operational funds. However, the financial struggles are not the only challenges faced by Multichain – its CEO, Zhaojun, is currently in police custody, adding
Renowned author and entrepreneur Robert Kiyosaki has once again voiced his support for bitcoin, gold, and silver, highlighting their significance in the face of the US government’s policies. In a recent tweet, Kiyosaki emphasized that the wealthy individuals will continue to accumulate wealth, indicating his belief in the potential of these assets. While the US
Republican Presidential candidate Ron DeSantis has made a bold declaration that, if elected, he will immediately put an end to the development of central bank digital currency (CBDC). DeSantis argues that a CBDC poses a significant threat to American liberty and should have no place in the country. This article explores DeSantis’ stance on CBDCs,
Attorneys representing Sam Bankman-Fried (SBF) have made a formal request to Judge Lewis Kaplan, seeking permission for select individuals to visit their client without the need for rigorous security checks. Currently, while SBF is allowed to reside at his parents’ residence in Palo Alto, California, he must comply with strict restrictions, including wearing an electronic
The team behind Base, in collaboration with Optimism, has made a major announcement – the mainnet of their Ethereum Layer 2 chain is now available for builders to deploy their products. This marks a significant milestone in the development of the Base ecosystem. In order to commemorate the early adopters of this platform, Base will
Cardano (ADA) has recently experienced a significant price surge, sparking interest among investors who are considering its potential for further gains. This surge was primarily driven by a favorable judicial decision regarding XRP (XRP), raising questions about whether Cardano has what it takes to break above the $0.40 mark. However, it is essential to approach
The recent announcement by Kain Warwick, the founder of Infinex, has created a buzz in the cryptocurrency world. Infinex, a groundbreaking frontend, aims to revolutionize the decentralized exchange (DEX) market by serving as a frontend to the derivatives liquidity protocol, Synthetix. Unlike its counterparts, Infinex focuses on enhancing the user experience and overcoming prominent obstacles,
Geist Finance, a prominent lending protocol operating on the Fantom network, has recently announced its permanent closure. This decision comes in the wake of significant losses incurred due to the Multichain exploit. In a social media post on July 14, the development team behind Geist Finance confirmed that they have no plans to reopen the
The recent federal court ruling affirming that XRP sales on crypto exchanges comply with U.S. securities laws has caused a dramatic surge in the price of XRP (XRP). Despite a slight retreat of about 10% to $0.76 on July 14, the price of XRP remains up around 65% compared to its previous day’s lowest price.
In just nine days, Shiba Memu, a revolutionary dog-themed memecoin, has generated an astounding $800,000 during its presale. This overwhelming response sets the stage for its official exchange launch and highlights the potential impact of this unique token. With a current purchase value of $798,000 worth of SHMU tokens, Shiba Memu is poised to shake
