Multichain token plunges 30% on backend upgrade delay

[ad_1] On May 24, the token price of cross-chain router protocol Multichain (MULTI) fell by 30% over 24 hours to trade at $4.97 at the time of publication. The selloff came after users reported that their multi-chain funds had not arrived due to a backend node upgrade "taking longer than expected." An admin in the Multichain Discord channel wrote:"Most routes are working as usual, as some routes (Kava, zkSync, Polygon zkEVM)

Bitcoin dips 5% to key support in ‘moment of truth’ for crypto market

[ad_1] Bitcoin (BTC) fell sharply after the May 24 Wall Street open as a “long awaited retest” of key trend lines materialized.BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewBitcoin abandons uptick to retest moving averagesData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $26,154 on Bitstamp — its lowest since May 12.The latest action was a world away from just the day prior, when upside formed the main story
Bitcoin News Launches A Collection of Tulip NFTs Minted Daily over 7 Years

[ad_1] AdvertismentZug, Switzerland, May 24th, 2023, Chainwire is a collection of 10,000 unique tulip NFTs. Over a period of 7 years, 4 Tulip NFTs will be minted every day until the goal of 10,000 is reached. Each Tulip NFT consists of six different components, which range from common to exclusive, making them more or less rare. New Tulip NFTs aren’t available for direct purchase; they are solely distributed to

Bitfinex partnership pushes crypto adoption in Latin America

[ad_1] The digital asset platform Bitfinex announced a new partnership with a local exchange in Latin America, as a part of a larger effort to push for wider adoption in the region. On May 24, Bitfinex revealed a new investment in one of Chile’s leading cryptocurrency exchanges OrionX. According to the announcement, the partnership between the two digital asset companies aims to support local education programs, along with financial freedom and

DeFi protocol Voltz launches SOFR swaps on Avalanche

[ad_1] Decentralized finance protocol Voltz now allows Avalanche users to trade interest rate swaps of the Secured Overnight Financing Rate (SOFR), a benchmark dollar rate used throughout the global economy. The new feature allows investors to hedge their exposure to interest rate changes and speculators to bet on whether the rate will go up or down, according to a May 24 announcement from Voltz seen by Cointelegraph.SOFR is the interest rate

Project takes off with $31.6M in alleged exit scam

[ad_1] A crypto project called Fintoch, which claimed to be backed by investment banking firm Morgan Stanley, seems to have taken off with almost $32 million of its users' funds, according to on-chain detective, ZachXBT. In a thread, the crypto sleuth showed a diagram that detailed the movement of the funds. The on-chain detective alleged that the project had likely conducted an exit scam. It appears the team behind the ponzi

DeFi Dad, Hall of Flame – Cointelegraph Magazine

[ad_1] DeFi Dad has 152,100 Twitter followers. He’s a DeFi podcaster, head of portfolios at Fourth Revolution Capital and a prolific crypto YouTuber. Who is this guy anyway? Travis Blane, who is better known as “DeFi Dad” to his 152,100 Twitter followers, has been actively making crypto content since 2019. He’s also the head honcho of marketing and portfolio support at Fourth Revolution Capital, an adviser for several Web3 projects,

Ticketing will be a huge use case for NFTs — Gary Vee

[ad_1] Famous entrepreneur Gary Vaynerchuck — also known as Gary Vee — is a long-time supporter and collector of nonfungible tokens (NFTs).In May 2021, Vaynerchuck announced the launch of his VeeFriends NFT collection, which consisted of 10,255 unique tokens to give holders access to exclusive events. Shortly after launching the VeeFriends collection, Vaynerchuck demonstrated the potential behind NFT tickets during VeeCon 2022 — a Web3-focused conference built around NFTs, pop

Shaping the future of Web3 employment: Intropia joins Cointelegraph Accelerator

[ad_1] The nascent nature of the Web3 landscape, along with the complexity of technical skills involved in crypto and blockchain-related jobs, makes it hard for a majority of companies to find the right talent. On the other hand, Web3 professionals also have difficulty looking for new opportunities on mainstream job platforms designed mainly for Web2 careers. Even when there’s an ideal match for a company and talent, the remote-focused work

Why are governments going cashless?

[ad_1] When most people think of surveillance, they probably think of cameras on street corners, government agencies collecting emails, or smartphones and smart home devices listening to conversations. But there is another form of government and corporate surveillance that gets less attention but is just as prevalent: financial surveillance.On Episode 12 of The Agenda podcast, Jonathan DeYoung is joined by Marta Belcher, a cryptocurrency and civil liberties attorney who serves