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Cross-chain services are suspended for Kekchain, PublicMint, Dyno Chain, Red Light Chain, Dexit, Ekta, HPB, ONUS, Omax, Findora, and Planq. Cross- chain protocol Multi chain revealed on May 31 that its team has been unable to contact its CEO, Zhaojun, fueling rumors that the protocol's leadership may have been arrested in China amid ongoing technical issues.  "The team has done everything possible to maintain the protocol running, but we are currently unable to contact CEO Zhaojun and obtain the necessary server access for maintenance," noted a Twitter thread. As reported by Cointelegraph, the protocol has experienced technical problems over the past week, with transactions delayed across multiple cross-chain bridges without a clear explanation. In the past two days, the Multichain protocol has experienced multiple issues due to unforeseeable circumstances. The team has done everything possible to maintain the protocol running, but we are currently unable to contact CE...

VeChain had a stellar start in 2023 as it doubled in price between January to early March. It went from a low of $0.015 to a high of $0.032 in less than 60 days. Investors made stellar profits during this period as their portfolios doubled in a short period. However, things went on downhill in mid-March as VET shed all its gains and fell below the $0.019 mark. The supply chain-based cryptocurrency is yet to recover from the crash and is mostly heading south than north. Also Read: Dogecoin: June 2023 Price Prediction For DOGE Source: Coingecko Now that VeChain is trading at $0.020 levels, will it skyrocket in price or dip further in June 2023? Here’s a VET price prediction for the next few days. Let’s find out how high or low the cryptocurrency could trade in the indices in the upcoming weeks. VeChain Price Prediction: June 2023 For VET Source: thecoinrepublic.com Leading on-chain metrics and price prediction firm CoinCodex has painted a bearish picture for VeChain i...

Shiba Inu (SHIB) announced the launch of their cold wallet, which is now available for pre-order starting May 29. Shiba Inu is developing the wallet in collaboration with Tangem, a Swiss company, a recent tweet says. With the potential rollout, SHIB holders are likely to steer away from self-custody. With billions of SHIB set to move to cold wallets in such a scenario, could there be a surge in price? Shiba Inu holders steer Towards self custody Data from Glassnode suggests that SHIB holders have been moving their coins off of exchanges recently. With billions of SHIB moving from the exchanges, it could likely trigger a scarcity that might help in a price surge. Source: Glassnode In addition, with the launch of the cold wallet, one can envision this scenario as happening in reality. Also read: Cardano (ADA) Investors Struggle With 3.1 Million Addresses in Losses 5,000 Cold Wallets Already Pre-ordered Furthermore, the latest data from Tangem reveals that users ...

A crypto trader and analyst Luke Martin shared his top altcoin picks in a recent YouTube video. This video follows the release of a regulatory whitepaper compiled by the Chinese Government. The key point mentioned in the regulatory paper is that Hong Kong will allow retail traders to buy and sell Bitcoin (BTC) and other altcoins starting 1 June 2023. In addition to this, Shanghai had reportedly been promoting Web3 and long-term investments in crypto projects in the past few months as well. With Chinese retail trading activity set to boom on 1 June 2023, the analyst named Conflux (CFX), Filecoin (FIL), Polkadot (DOT), Huobi Token (HT), and OKB as altcoins to watch in the next few weeks. Conflux (CFX) Conflux, often referred to as the “Chinese Ethereum,” has caught the attention of investors and traders due to its potential as a layer 1 blockchain for decentralized applications (dApps). In his video, Martin noted that the project has experienced significant gro...

Join Our Telegram channel to stay up to date on breaking news coverage Crypto expert Michael Wrubel analyzes DeeLance, which was dedicated to decentralization and offered a distinctive combination of services. Due to its cutting-edge approach to recruiting and freelancing, the presale cryptocurrency project DeeLance is creating excitement. By utilizing the extraordinary power of blockchain technology, this decentralized network completely transforms how freelancers interact with potential clients. Michael Wrubel One of Early Investors Eager to Secure DLANCE Token Michael Wrubel, a crypto expert, spotted the potential for profit of DeeLance, and despite only launching the presale a few months ago, the project has already raised a staggering $1.1 million, with investors buzzing about the in-development Web3 platform’s potential to transform remote freelance work forever. In the present, centralized Web2 middlemen like Upwork and Fiverr continue to exert a strong hold ove...

In a recent Twitter chat , one of the vocal XRP advocates revealed that Brazilian bank Rendimento was the first to adopt Ripple’s blockchain for payments entirely in the cloud. According to him, the company has recorded tons of such partnerships but the impact is not reflected in the price of its underlying cryptocurrency – XRP. advertisement He posited that just like Rendimento, many of the firms that have adopted Ripple ’s payment solution are not utilizing the XRP coin as a result of the associated regulatory uncertainty. Commenting on this tweet, popular XRP advocate and attorney, John Deaton says many people are underestimating the impact of the lawsuit on Ripple ’s business as well as the growth of the digital currency. While the Brad Garlinghouse led firm is making significant business strides in foreign markets, Deaton said the US remains an important one for the company. Some have argued that I’m wrong when I say: ...

BOB token was one of those memecoins that had the whole industry talking, rallying over 3000% in just a few weeks after launch. Despite not catching the eye of several investors at the time of release, this token still did amazing numbers, leaving some investors regretting missing the majority of the token’s rise. However, the introduction of a new memecoin, set to be the next big thing in the crypto market, presented a fresh opportunity for these whales and is causing a stir in the industry. Expected to hit insane heights with over 1000% potential returns, $BOB token whales and other savvy investors do not want to miss out on this new token, wasting no time in switching their portfolios. They are selling their BOB tokens and accumulating this new memecoin massively in its ongoing presale. Why is this new memecoin attracting legions of big investors? And what does the future hold for this fast-rising P2E project? Grab a cup of coffee and keep reading to find out. Why are B...

In a recent tweet, a research analyst by the name of Tom Wan shared some insights relating to BRC-20 tokens and BTC Ordinals. According to the post, 45% of the ordinal trading volume is attributed to BRC-20 tokens, while Ordinals (ORDI) account for 22.1%. As a result, the analyst raised a thought-provoking question about whether all Ordinals should be considered as NFT volume or if it should be limited to the Image Inscribed Ordinals. This follows the news of the trading volume for Bitcoin (BTC) Ordinals surpassing that of Solana-based NFTS — ranking their trading volume second under Ethereum-hosted NFTs. NFT sales for each blockchain in the last 30 days (Source: Twitter) Over the past 30 days, the total trading volume for BTC Ordinals reached $172,082,539, which is a 406.01% increase. During this time, the trading volume for ETH NFTs dropped by 26.46% to $395,037,686. At press time, CoinMarketCap indicated that both BTC and Ethereum (ETH) experienced price increase...

Join Our Telegram channel to stay up to date on breaking news coverage On Thursday, May 25, the European Systemic Risk Board (ESRB) recommended EU authorities curb leverage trading in crypto. The move will help maintain the sanctity of financial stability. This comes as an effort to address the rising concerns over the risks associated with cryptocurrency trading.  Over the past few days, there has also been a growing interest in digital assets and their volatile nature. As a result, it prompts regulators to prioritize investor protection. Concerns Over High Leverage Trading Prompts EU Regulator Recommendation In recent times, traders in the crypto industry have been exercising caution and steering away from leverage. Even so, Bitcoin’s Estimated Leverage Ratio has slid from 0.195 to 0.239 in a month. This indicates that more traders are enduring risks by getting into high-leverage derivatives trading. This comes at a time when Bitcoin is trading at around $26,000 ....

Also Read: Bitcoin Likely Bullish Over US Fed’s Uncertain Outlook For Next Few Months advertisement A similar debt ceiling debate in the United States happened in July 2011, after which the financial markets crashed. At the same time, Bitcoin price dropped by a whopping 61%, although those were initial years after the cryptocurrency’s launch. Debt Ceiling Deal Talks ‘Bad Comedy’ The author called the US debt limit debate ‘bad comedy’, indicating that the US is already bankrupt and that it has unfunded liabilities of over $250 trillion as social security. Amid the debt ceiling negotiations, the immediate goal will be to avoid defaulting on credit with the raised limit. However, top Republican Kevin McCarthy on Wednesday said there was a lot of division among the leaders about cost cutting but a deal will most likely be reached. Kiyosaki said further, “Politicians debating raising $ 30 trillion US debt limit b...

On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses why Bitcoin’s price is stuck near $27,000 and the next price level for the king of cryptocurrencies. On May 23’s episode of The Market Report , analyst and writer Marcel Pechman discusses why Bitcoin (BTC) is stuck near $27,000 and how the macroeconomic scenario has become more critical than ever for an eventual breakout. Plus, the show dissects what United States President Joe Biden has been saying about crypto traders being wealthy tax cheaters. The first news article shows that the most significant price movements tend to occur after periods of low volatility, as traders tend to get overconfident and add leverage. That creates a perfect storm for a decisive breakout, so, ultimately, stop-loss orders and liquidations further boost the price swing. Pechman does not believe the U.S. Federal Reserve decision on June 14 will be the trigger everyone expects because it’s relatively priced in that the c...

Join Our Telegram channel to stay up to date on breaking news coverage Digital asset investment products witnessed out flows totaling $32 million for the week ending on May 19, marking the fifth consecutive week of out flows and bringing the total out flows over the past five weeks to $232 million, equivalent to 0.7% of total assets under management. Trading volumes have decreased, reaching $900 million for the week, approximately 40% lower than the 2023 average. This decline in volumes reflects the lowest level since late 2020 and coincides with the overall decrease in crypto prices and concerns about sell-offs. 5th Consecutive week of crypto out flows of US$32m, poor sentiment focussed on BTChttps://t.co/55HiQejp0o — James Butterfill (@jbutterfill) May 22, 2023 The negative sentiment towards Bitcoin was evident, with outflows of $33 million, while short-Bitcoin products experienced minor outflows of $1.3 million, bringing the total outflows for short BTC investm...