Crypto news

Users of the cross-chain router protocol Multichain have been reportedly experiencing delays in receiving their funds following an upgrade. There have also been rumors about the arrest of the Multichain team, which is yet to be confirmed. MULTI Sinks 24% in 24 Hours Several Multichain users have complained about their funds being stuck in the protocol for as long as 72 hours. Part of the problem seems to stem from a backend upgrade, which the team said is taking longer than...

The IPO process would involve offering shares of Banamex to the public, allowing outside investors to purchase those shares and become partial owners of Banamex. American multinational investment banking giant Citigroup Inc (NYSE: C) has revealed its plans to pursue an Initial Public Offering (IPO) for its Mexico business, Banamex. The bank intends to separate Banamex from its operations and offer shares of Banamex to the public for the first time. According to the announcement, Banamex,...

Japan will implement stricter rules for exchanges, including the implementation of the FATF travel rule, to combat money laundering and ensure transparency in cryptocurrency transactions. On May 23, Japan announced that it will implement stricter measures against money laundering (AML) in cryptocurrency transactions starting from June 1, in order to comply with global regulations. According to Kyodo News, the decision to strengthen the regulations was made after a review of relevant laws...

China’s Xpeng shares were trading lower in US pre-trade after the EV company forecast significantly lower vehicle deliveries for Q2.  The shares of Chinese electric vehicle (EV) giant XPeng Motors (NYSE: XPEV) slid 5% following missed Q1 earnings and a gloomy delivery forecast. Xpeng shares sank in US pre-market trade after the company reported a 50% year-over-year (YoY) decline in Q1 revenue. The company raked in income of 4.03 billion Chinese yuan ($571.6 million) compared to the 5.19...

[PRESS RELEASE – Marseille, France, May 24th, 2023] In an age where the crypto world is dominated by GameFi, DeFi, NFTs, and meme coins, Hestia is revolutionizing the industry by demonstrating how cryptocurrencies and blockchain technology can be applied to traditional economic projects. Hestia, a groundbreaking decentralized freelance platform, is harnessing the power of decentralization to hustle the gig economy and empower freelancers and clients alike. The Hestia project...

[PRESS RELEASE – Amsterdam, Netherlands, May 24th, 2023] The organizers of The Web3.Conference are celebrating a successful day-long event that brought together the industry’s leading lights. Held in Amsterdam on May 19th, the annual event from the AroundB team discussed hot topics and gathered industry insights from Web3 experts. With more than 20 speakers, four panel discussions, and six startup pitch sessions during seven hours, the agenda contained something to suit every...

[PRESS RELEASE – Zug, Switzerland, May 24th, 2023] Tulipart.com 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 $LAND token holders via a lottery system. Participation involves...

Fintoch, a decentralized finance (DeFi) protocol that offers peer-to-peer (P2P) lending and investment services, has absconded with $31.6 million in cryptocurrencies belonging to investors in an apparent exit scam. Multiple tweets from Fintoch users complaining about being unable to withdraw their assets were seen on Twitter earlier today, confirming suspicions that the platform had vanished with investors’ funds. Fintoch Rug Pulls Users Famous Web3 expert and on-chain...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin has been doing quite well as of late. The currency just hit $30K for the first time in about 11 months, and everyone is on pins and needles about where the world’s number one digital currency will do next. The Bitcoin Price Hikes Are Leading to More Hodling The asset is doing so well, in fact, that...

Dan Berkowitz, a former commissioner of the CFTC and former general counsel at the SEC, hinted that it is possible to categorize Ethereum as both a commodity and a security. As cryptocurrencies grow more popular, there is a rising need for clarity about their legal status, as many people see them differently based on the regulatory provisions within their jurisdiction. In what seems like an addition to the ongoing talks about the regulatory status of Ethereum, Dan Berkovitz, a former...