Key players in crypto ecosystem are distancing themselves from MultichainOrg, highlighting a crisis of confidence in the bridging protocol. realDannyNelson reports
Key players in the crypto ecosystem are shoring up their defenses amid growing concerns over the state of Multichain, a major venue for moving assets between different blockchains.
The situation is compounded by Multichain’s prominence among bridges. It is the third-largest bridging protocol by transfer volume and total value locked, according to data from Messari and DeFiLlama. This setup works as long as the bridge does. At the height of Multichain’s troubles this week, it didn’t, and wrapped USDC tokens on Fantom lost their dollar peg. Some arbitrage traders told CoinDesk they bought wrapped USDC tokens at a 30% discount during the fracas over Multichain, which is responsible for 80% of the stablecoins on Fantom.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Binance Research: AI in Crypto – Exploring Use Cases and Possibilities | Binance BlogCould AI be the next catalyst for crypto adoption? The BinanceResearch team has put together a number of examples and insights to potentially find out. Get all the details here 👇
Leer más »
Shop Till You Drop: Earn Crypto Cashback After Every Online Purchase With Binance Pay | Binance BlogBinance Pay partners with Picodi! From this partnership, you can now shop online at Picodi and secure up to 15% crypto cashback 🤝 Here's more on how to get started ⤵️
Leer más »
Binance Tax Basics: Cost Basis and Wash Sale Rules | Binance BlogCalculating your crypto taxes on Binance? Then this guide is a must-read. Learn how to avoid tax mishaps by understanding cost basis and wash sale rules. Get started below.
Leer más »
Binance CEO Claims Chinese Communities Are ‘Buzzing’ After CCTV Airs Crypto Segment – Bitcoin NewsThis week Binance CEO CZ emphasized that the coverage of cryptocurrencies by CCTV is significant, after the broadcast aired a segment about Hong Kong.
Leer más »
Binance Freezes $4.4 Million in Crypto Related to North Korean Hackers⚠️ binance has stopped $4.4 million related to North Korean hackers! How did that happen? Read more here -
Leer más »