Multicoin Capital invests in Wormhole to enhance crypto interoperability
Multicoin Capital leads $225 million funding round for Wormhole, a leading multichain solution with over $41 billion assets and 30 chains, focusing on user experience and zero-knowledge verification technology.
Multichain Reports Unusual Outflows Worth Over $100M
In the past 12 hours, a large amount of assets has unusually flowed out from Multichain. These assets, which include a variety of cryptocurrencies, have been transferred to the new address: 0x1eed63efba5f81d95bfe37d82c8e736b974f477b. At the time of writing, the net worth of all assets transferred is $102,834,504.
Multichain CEO's Arrest Triggers Operational Freeze
In a series of unfortunate events, the Multichain protocol, a cross-chain router protocol, has been left in a state of uncertainty following the arrest of its CEO, Zhaojun, on May 21, 2023. The arrest led to a series of operational disruptions, including the revocation of operational access keys to the Multichain's MPC node servers, which were under Zhaojun's personal control.
OKX Founder Star Xu Advocates for Compliance Controls while questioning UniSat Wallet
OKX founder Star Xu emphasizes compliance controls in crypto, citing 'Multichain' as a risk example. He also questions the nature of UniSat Wallet's new brc20-swap.
SushiSwap Deploys Contracts to Five New Networks as Ethereum Gas Fees Surge
SushiSwap has deployed its contracts to five new networks. What should be expected of SUSHI's price in the next few days?
Is Ethereum the Future of DeFi? Scalability and Cost Issues Open Door for Cardano and Polkadot
As Ethereum continues to struggle with scalability and cost—traders continue to question the limitations of the Ethereum network and whether it really is the future of Defi.
Ethereum Killers: Emerging Smart Contract Platforms to Rival ETH Dominance
While Ethereum dominance in decentralized finance (DeFi) cannot be denied, rival smart contract platforms the Ethereum Killers note significant value growth as well.
Cambridge Report: 77% of Enterprise Blockchains Are Not 'Truly Transformational'
Following on from its initial 2017 Global Blockchain Benchmarking Study, the new study underlines the significant changes in the industry landscape since the initial version. According to the findings, the new report states, “Two years ago, the industry landscape was mostly dominated by half-hearted experiments and short-lived proofs-of-concept – often announced with great fanfare and publicity – the hype has gradually given way to genuine development of sustainable blockchain networks that are increasingly being deployed in production environments.”