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D-Central Unveils Open-Source Hashboard Tester, Refurbished … – The Defiant – DeFi News

Laval, Canada, May 25th, 2023, Chainwire

D-Central Technologies Inc., a leading Bitcoin mining service provider committed to promoting decentralization in the crypto space, is thrilled to announce three major developments that promise to significantly impact the cryptocurrency community.

Firstly, D-Central is proud to introduce the world's first-ever open-source hashboard tester. This pioneering device can currently test basic models of the Antminer series, with plans underway to support more brands and hashboards. This tool empowers DIY enthusiasts to perform diagnostics and repairs on their hardware with unprecedented ease and efficiency, reflecting D-Central's commitment to equipping miners with the resources they need for success. The files required to reproduce this open-source hashboard tester can be downloaded free of charge from the D-Central website here.

Secondly, D-Central is excited to announce that they have replenished their inventory with new batches of affordable refurbished mining hardware, primarily one-generation-old ASIC miners. As institutional miners shift to the latest equipment generations, D-Central is set to provide retail miners with meticulously refurbished, high-quality machines, all available at competitive prices and backed by a three-month warranty. This initiative underscores D-Central's efforts to reduce e-waste and promote environmentally friendly practices within the crypto industry.

D-Central is also pleased to unveil the Mini-S9 powered by Bitaxe, the ultimate desktop solo Bitcoin miner. This compact, stylish device, complete with a 3D printed case reminiscent of an Antminer S9, is the perfect companion for anyone looking to venture into solo Bitcoin mining. With a BM1397 ASIC chip, the Mini-S9 boasts an impressive mining capacity of over 400 GH/s at an efficiency of 0.03J/GH. The device's built-in ESP32-S3-WROOM-1 wifi microcontroller allows it to mine directly to a pool over WiFi, eliminating the need for an external computer. This novel device perfectly blends low-cost, low-power, and high-performance elements to create the ideal miner for enthusiasts and newcomers alike.

These announcements follow the success of D-Central's "Hash No Cash" promotion, a transformative program designed to optimize mining operations and reduce costs by trading in broken hardware for repair services. This innovative solution allows institutional miners to retain their cash flow for the acquisition of new equipment. As a result, mining facilities leveraging the "Hash No Cash" program can achieve up to 30% more hashrate compared to processing repairs in-house.

About D-Central Technologies Inc.

D-Central Technologies Inc. is a leading Bitcoin mining service provider based in Quebec, Canada. The company offers a range of services, including consulting, hardware sourcing, mining hosting, ASIC repairs, maintenance training, and mining support and outsourcing. D-Central also produces informative content for clients and sells a variety of ASIC repair tools and parts in its online store.

To learn more about D-Central, please visit their website here.

To learn more about Bitaxe, visit the project page here.

For inquiries about our products and services:

Bitcoin Mining Shop: D-Central Shop

Bitcoin Mining Repairs: D-Central Mining Repairs

Bitcoin Mining Hosting: D-Central Mining Hosting

Bitcoin Mining Training: D-Central Mining Training

Contact

CEOJonathan BertrandD-Centralsupport@d-central.tech1-855-753-9997

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D-Central Unveils Open-Source Hashboard Tester, Refurbished ... - The Defiant - DeFi News

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LAUTECH: How Makindes Policy Almost Disrupted Peace In Host Community – New Telegraph Newspaper

How it started

But for the concerted intervention of notable indigi- nes of Ogbomoso town in Oyo State, the decision by the Governor Seyi Makinde-led administration, to relocate the faculty of Agricultural Sciences of the Ladoke Akintola University of Technology (LAUTECH), to Iseyin, in Oke-Ogun zone of the state, in a planned multi-campus arrangement would have resulted have ended catastrophically.

The state government had proposed the decentralization of the state owned university. According to plans by the state, the Faculty of Agricultural Sciences is to be moved to Iseyin, to kickstart a satellite campus. This means that students of the faculty will have to relocate to Iseyin, while intakes would no longer resume in Ogbomoso. An undesirable consequence of this is the feared drastic shrinking in student population, which they said is the lifeline of the ancient town. For over 30 years, the siting of Lautech in Ogbomoso town has brought about enhancement in the lives of dwellers.

Population impact

The academic population of Lautech has boosted lives in the peaceful ancient town. But the Faculty of Agricultural Sciences, which the state plans to relocate in the bid to decentralize Lautech and change its status from that of a Technological University into conventional one; where other causes like Arts, Law and other humanities would be thought, is considered the largest and a major sustaining pillar in the anatomy of the student population. The coalition of agitators groups being coordinated by one of the socio-cultural groups in the town, Egbe Omo Ogbomoso Parapo Agbaaye; consequently, in unison kicked against the plans.

They are coordinating the agitations in concert with Ogbomoso Community Youth Forum (OCYF) They faulted the move by the government, saying it will amount to waste of resources for the government to abandon structural investments made towards the conducive teaching and learning of agricultural related sciences in the Ogbomoso campus, as the faculty is being taken away.

Residents concern

Observably too, comments by some indigines who are members of the opposition party in the state, the All Progressives Congress (APC), suggests that the state government is having its ways on the university decentralization be- cause representatives of the town in the PDP-led government in the state were failing in the loyalty to the town. One of them who declined to have his name in print, accused PDP stalwarts from the town of disloyalty to their native town. Some of them concluded proverbially that they are now missing the dead because the living are failing them. Opinning, in regret, that the late governor of the state, Dr. Alao Akala would have spoken out against any policy that could be inimical to the well being of the people, as exemplified by the planned unbundling of the school.

Others contacted by New Telegraph correspondent on the matter, who claimed to be apolitical, said that the move lacks sincerity. They posited that the state government should rather start a new faculty at the newly opened Lautech, Iseyin campus, and allow it grow in line with available facilities, other than disrupting lives and livelihoods on Ogbomoso insigines whose economic sustenance has been tied to Lautech for decades. However, the duo of Aderemi Olude and Olaleye Peter, presidents of Ogbomoso Parapo Worldwide and OCYF respectively, who are kicking against the development have always made it known that they are neither against the Oyo State government, Iseyin town- ship, nor the decentralization of the University.

Makinde commended Also, Muritala Adekunle, President Ogbomoso Parapo youth wing, who showered accolades on the state governor for his achievements in assuming office, said the planned movement of the most populated faculty in Lautech away from Ogbomoso is unacceptable. However, as it became clearer, day-by-day that the state government was hell bent on carrying out the unbundling on the state owned Lautech, agitated natives planned a protest match, which they say was to register their displeasure at the governments decision. They proclaimed that a protest had become imperative because some forces in the state, who were also natives of Ognomoso were hindering access to the Governor and tender their grievances. Consequently, in what was likened a replica of what obtains in some crisis-ridden parts of the country, where security and orderliness has broken down totally, the planners of the match were said to have ordered a sit at home on Monday 22, 2023.

As scheduled, indigines of the town in their hundreds gathered at different locations in the town on Monday morning to kickstart what those who were on ground concluded may have degenerated into violent engagement. However, some elders in the town, after getting a wink of what was planned and possible implications associated with such protests and rallies, rose to the occasion and engaged the youths in a dialogue, thereby saving the people of chaos and crisis. A former Secretary to Oyo State Government during the regime of late Dr. Adebayo Alao Akala (2007 -2011) on Tuesday revealed to New Telegraph, how effort from well- meaning indigines averted what could have resulted in a breakdown of and orderliness in the ancient city.

Why protest

Speaking with New Telegraph in an exclusive telephone chat, the Peoples Democratic Party (PDP) stalwart, who confirmed the magnitude of the planned protest, said, himself and others were able to make some leaders of the protest- ing movement see reasons why they have to embrace the campus decentralization policy, in consideration of the gestures of the Seyi Makinde-led government in the handling of the matter It was meant to be a massive protest, the type that doesnt end well, but thank God, we were able to prevail over them after giving them reasons why they should not toll such a path. While disclosing that the plan to unbundle Lautech has been on the table for over 3 years, Dr. Balogun revealed he was privy to a meeting where the matter was discussed with the late monarch of the town, Oba Oladunni Oyewumi Ajagungbade 111 in presence, after which it became glaring that the state was not ready to back down on the decision. He however added that some of the agreement reached with the governments unbundling plan also comes with the decisions to transform the Institute of higher learning from a technological one into a conventional university. Adding that those fighting the issue are either misinformed or uninformed.

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Ukraine’s Other Battle: Zelensky vs. the Mayors – Carnegie Endowment for International Peace

The Ukrainian government can always justify waging a war against regional grandees as part of the fight against corruption and the desire to prevent Western aid from ending up in the pockets of local clans.

Distinguishing anti-corruption campaigns from political persecution in Ukraine has always been difficult, and even Russias invasion has not changed that. The recent arrest of one of the countrys most influential regional politicians, Odesa Mayor Gennadiy Trukhanov, is the latest episode in a high-profile series of legal proceedings brought against Ukrainian mayors that continues despite the military freeze on political life.

The central government hopes to use the provisions of martial law to root out corruption at the local level while getting rid of inconvenient regional politicians at the same time. Its true that Ukraines mayors are often corrupt, but by targeting individuals, the government is increasingly undermining the very idea of local self-government.

The standoff between the central government and the mayors in Ukraine has been going on since the 2020 local elections: the last major vote before Russias invasion. Back then, President Volodymyr Zelenskys Servant of the People party was defeated in the mayoral elections in key cities. The winners were mostly regional heavyweights that draw their support from local business clans.

At the time, it seemed that these regional elites would be the main challenge faced by Zelensky in the future. By the next parliamentary elections, they intended to form their own political project: a diverse alliance of regional elites with a focus on greater local autonomy.

The standoff continued even after the Russian invasion. In April 2023, Poltava Mayor Oleksandr Mamaiwhose ten-year rule had seen the destruction of historical sites around the city and attacks on activists and even judgeswas fired and given a suspended sentence for embezzlement. Mamai was also eager to exploit Soviet nostalgia in his campaigns, clashing with patriotic voters.

Yet it wasnt just mayors in the predominantly Russian-speaking southeast of the countrywho could be suspected of harboring pro-Russian sympathieswho came into conflict with Kyiv. Chernihiv Mayor Vladyslav Atroshenko was also accused of abuse of power and relieved of his duties over the relatively minor misdemeanor of having used a government vehicle for personal purposes.

His downfall was preceded by a long-running public conflict with the presidential administration. Atroshenko had effectively accused the central government and the local governor of failing to take action when Russia invaded. The mayor himself took part in the citys defense and subsequently received a medal from Zelensky for doing so.

Atroshenko is clearly no angel, and was facing corruption charges even before the war. But his sudden and poorly explained removal from power caused indignation among Poltava residents, 62 percent of whom saw it as the center putting pressure on the local authorities. Other mayors also expressed solidarity with Atroshenko, including Kyiv Mayor Vitali Klitschko.

The most high-profile conflict between Kyiv and local leaders took place in Odesa, where Mayor Trukhanov was arrested in early May over a six-year-old deal. He began his career as a pro-Russian politician, and much has been written in the media about his alleged criminal past and Russian citizenship. Over time, however, the Odesa mayors position became increasingly loyal to Kyiv.

Following Russias invasion, Trukhanov led the citys defense, but the trail of corruption left by him and his team from the very beginning of his tenure eventually caught up with him. Currently out on bail and facing embezzlement charges, he may now lose his post with his duties passing to the secretary of the city council, Igor Koval, a representative of Servant of the People. No elections will be held until the war has ended.

Trukhanovs fate may give another political heavyweight in the southeast, Dnipro Mayor Borys Filatov, pause for thought. Unlike Trukhanov, Filatov has always had a reputation as a staunch Ukrainian patriot, but his relationship with the presidential team has been fraught. During the 2020 local elections, he created ProPosition, dubbed the party of mayors, which was seen as a serious rival for Servant of the People. The war did not put an end to the conflict, and Filatov has criticized Zelenskys team for its autocratic tendencies.

In Kyiv, meanwhile, relations between the presidential administration and the city administration headed by Mayor Klitschko have also been strained since Zelensky came to power. As head of the Association of Ukrainian Cities, Klitschko sees his role as protecting the interests of local authorities, and has made no attempt to conceal his dissatisfaction with the pressure being put on mayors. He has openly supported Trukhanov, accusing the center of the systematic harassment of local government.Within Zelenskys entourage, Klitschko is seen as a serious political rival: his trust rating is 58 percent, fourth in the overall standings. The Kyiv mayor is rumored to be planning to resurrect his UDAR political party and could become the leader of an alliance of disgruntled regional elites and a possible ally of former president Petro Poroshenkos opposition party, European Solidarity. The Klitschko and Poroshenko parties together have a majority in the Kyiv City Council.

As Ukrainian politics begins to come back to life, the conflict between the presidential administration and the Kyiv mayor is only likely to grow. It is safe to assume that the Kyiv mayors office will be targeted at the weakest point of almost any city government: various murky construction schemes, and the inevitable problemsespecially during a warwith public utilities.

Overall, the process of decentralization that began under Poroshenko and initially continued under Zelensky has been fairly successful. The value of regional power grew to the extent that in the much-hyped 2020 local elections, some politicians were prepared to give up their seats in the state parliament in order to become city mayors, such as Kherson Mayor Ihor Kolykhayev, who is now being held prisoner by Russian troops.

Once the country found itself engulfed by a full-scale war, however, the system of government inevitably turned toward greater centralization and the limitation of the powers of local elected authorities in favor of hybrid military-civilian administrations appointed by the president. Experts noted, however, that the decentralization of Ukrainian power had proved to be very efficient at a time of war, making it possible to swiftly resolve defense issues on the ground without waiting for a command from the center.

For Zelenskys administration, putting pressure on powerful mayors is part of the same strategy as deoligarchization and purging the remnants of the countrys pro-Russian political forces. It is simultaneously a fight against the negative legacy of the past, the desire to improve the countrys manageability while it is at war, and preparation for its post-war development.

In this worldview, all the parties consisting of a citys most high-profile residents are less a product of real decentralization than of the old mafia-clan system. The government can always justify waging a war against regional grandees as part of the fight against corruption and the desire to prevent Western aid from ending up in the pockets of local clans.

As in the case of the oligarchs, however, this process also has a downside. When Russia invaded, the elected city mayors remained with their voters, while the same could not always be said of officials appointed by Zelensky. Recent purges included several governors appointed by the center whom the presidential team itself accused of inefficiency, corruption, and embezzlement of humanitarian aid.

By getting rid of managers who may not be perfect but were elected by local residents, the government is setting a dangerous precedent, reinforcing authoritarian tendencies within a political system that is already in stasis. Once the war is over and competitive politics returns, the contradictions between the center and the regions will likely again be at the forefront of Ukrainian politics.

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ZCash and Dash Competitor Monero Partners with Industry Giant to … – Crypto News Flash

Monero has been making strides in the cryptocurrency market in recent months, with the latest being partnering with Nyms mixnet. Nyms mixnet is a platform that operates on open-source principles and utilizes incentives to ensure decentralization. Monero announced this new partnership in the just concluded Monerotopia 2023. Monero is a cryptocurrency that employs blockchain technology with safety-enhancing technology.

Through this partnership, users can have anonymity. Additionally, with the rise of new technology, there has been a rise in attacks and the loss of Millions. With the adoption of Nym, they will provide financial security to the users. This is primarily due to the limited availability of privacy safeguards for users of virtual currencies, leaving them vulnerable to financial monitoring.

However, the introduction of these safeguards brings added benefits, such as a reduction in cyber attacks. Monero, in particular, has faced a significant number of cyber attacks in recent years. Nonetheless, through this partnership, users can now breathe a sigh of relief, knowing that their security and privacy are being addressed.

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According to the Monero team, a group from the Monero community has effectively established a service provider that utilizes the Monero desktop wallet on the Nym mixnet. This makes it easier for Monero users to use NymConnect to carry out transactions over the mixnet, greatly enhancing the privacy of their transactions.

Since its inception, Monero has undergone significant enhancements. These improvements primarily focus on bolstering security, privacy, and user-friendliness. One of the core factors of Monero is that it remains committed to prioritizing privacy and security as its core objectives while also striving to ensure ease of use and efficiency.

It is worth noting, Monero has established partnerships with various merchants, including cryptowerk.com and acceptedhere.io, as well as several exchanges such as Bisq, Local Monero, Hodl Hodl, Kraken, Binance, SimpleSwap, and Morph token. Some well-known companies that sponsor Monero include Tari Labs, Majestic Bank, Fork Networking, Mac Stadium, Cake Wallet, and Symas.

The subject of a recent Reddit discussion among users was the recently implemented cryptocurrency rules in Dubai, which have led to the countrys prohibition on privacy coins like Monero. One of the participants in this conversation shared their opinion that the imposed prohibition would not work to stop people from trading Monero. Another participant in the discussion brought out the alleged absence of reliable decentralized exchanges (DEX) accepting Monero trades, even in 2023.

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Consequently, the discussion indicated a prevailing sentiment among participants who favor Monero and express their desire for the coins usefulness in their daily lives.

Monero(XMR) is currently trading at $150.41 as of the time of writing. The coin has had a 0.04% increase in the past 24 hours. The trading volume of Monero is $65.12 M in the last 24 hours and has a total market cap of $2 .75B. Over the past 12 months, Monero has demonstrated its performance, with increases of 8.1% in the last five days, 8.9% in the previous one month, and 15.5% in the last six months, despite experiencing a decline of 17.7% over the same 12-month period. The coin has been able to outperform prominent cryptocurrencies like Ethereum.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

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Dogecoin Price Prediction Traders Are Backing Floki Inu & Caged Beasts | Mint – Mint

Dogecoin (DOGE), a cryptocurrency that originated from a popular meme, has become a focal point for traders, who eagerly anticipate its possible achievement of reaching $0.1 in May. Alongside this enthusiasm, traders are also venturing into alternative tokens that present promising opportunities. Examples of such projects include Floki Inu (FLOKI) and the noteworthyCaged Beasts (BEASTS), which are capturing attention due to their genuine value and purpose, setting them apart from DOGE. Let's explore these captivating projects that have caused traders to shift their attention from the established giants of the crypto world and explore the reasons behind this shift.

Dogecoin (DOGE), a cryptocurrency that originated from a popular meme, has become a focal point for traders, who eagerly anticipate its possible achievement of reaching $0.1 in May. Alongside this enthusiasm, traders are also venturing into alternative tokens that present promising opportunities. Examples of such projects include Floki Inu (FLOKI) and the noteworthyCaged Beasts (BEASTS), which are capturing attention due to their genuine value and purpose, setting them apart from DOGE. Let's explore these captivating projects that have caused traders to shift their attention from the established giants of the crypto world and explore the reasons behind this shift.

To begin with, let's first delve into the factors that shape Dogecoin's price and unlock its true potential. Firstly, market sentiment plays a crucial role, as investor perception directly influences the demand for Dogecoin. Additionally, when more businesses embrace Dogecoin as a payment option, its value tends to rise.

To begin with, let's first delve into the factors that shape Dogecoin's price and unlock its true potential. Firstly, market sentiment plays a crucial role, as investor perception directly influences the demand for Dogecoin. Additionally, when more businesses embrace Dogecoin as a payment option, its value tends to rise.

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When assessing Dogecoin, it is crucial to prioritize the security of its network since a strong and secure network has the potential to draw in more investors. Furthermore, it is important to consider the competitive landscape within the cryptocurrency market. Failure to distinguish itself from other cryptocurrencies could lead to a decline in Dogecoin's value. Additionally, staying updated on regulatory changes holds equal significance, as they can significantly influence the trajectory of Dogecoin.

Currently, Dogecoin faces stiff competition from other meme coins and is trading at approximately $0.0712. However, analysts remain optimistic and hope that it will reach $0.10 soon. Maybe Dogecoin needs a little push, such as a tweet from Elon Musk, to skyrocket the value of DOGE by the end of May.

In 2023, Floki Inu (FLOKI) consistently captured the attention and experienced a remarkable surge in popularity. Notably, there has been a substantial increase in Twitter mentions for Floki Inu (FLOKI) recently. At a certain juncture, Floki Inu (FLOKI) even trended on Twitter, accumulating over 2.5 million tweets.

Experts believe that the recent inclusion of Floki Inu (FLOKI) on prominent exchanges has had a positive impact on the social indicators of this meme token. Notably, Floki Inu (FLOKI) was recently listed on Bithumb, a leading South Korean exchange. However, the price of Floki Inu (FLOKI) has not reacted favorably to this development, experiencing a 9% decline on the weekly price chart. Presently, Floki Inu (FLOKI) is trading at $0.0000306.

Caged Beasts is a standout presence in the realm of cryptocurrencies, introducing an innovative concept known as "Caged Liquidity" that aims to revolutionize the finance industry by embracing decentralization and surmounting the limitations faced by other tokens. What truly sets Caged Beasts apart is its unwavering commitment to securely locking up funds, prioritizing transparency, and establishing a distinctive identity among its counterparts.

In the world of Caged Beasts, transparency reigns supreme, setting it apart from other tokens. Participants have the unique opportunity to witness the stringent lock-up of funds, fostering an environment of trust and integrity. With an impressive 75% of raised funds securely locked until the release date, the ecosystem operates within a controlled and protected framework.

This community token places a strong emphasis on decentralization and seeks to challenge the conventions of traditional finance, with the pre-launch stages paving the way for a remarkable transformation led by an ensemble of captivating and influential characters.

By actively engaging the community, maintaining transparent tokenomics, and following a robust roadmap, Caged Beasts extends an invitation to investors and enthusiasts alike, encouraging them to join the revolution and become integral members of an extraordinary decentralized ecosystem that dares to question the status quo. Now is the time to seize the opportunity and embark on this exhilarating journey right from its inception.

Don't miss out on securing your place in the upcoming Caged Beasts presale, as it is your chance to be part of a movement that reshapes the world of finance, unlocking the true potential of decentralized technology.

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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Dogecoin Price Prediction Traders Are Backing Floki Inu & Caged Beasts | Mint - Mint

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Binance Pulls The Plug: Token Deposits Suspended Due To Multichain Mayhem – Benzinga

May 25, 2023 2:19 PM | 1 min read

Cryptocurrency exchange Binance has temporarily halted deposits of 10 specific tokens Thursday, a move prompted by ongoing problems with the Multichain Bridge initiative.Tokens impacted by this suspension are primarily used on the BNB Smart Chain (CRYPTO: BNB), Fantom (CRYPTO: FTM), Ethereum (CRYPTO: ETH), and Avalanche (CRYPTO: AVAX)blockchain networks.

The list includes tokens like AVA-ETH, SPELL-AVAXC and FTM-ETH.

Binance stated that deposits of these digital assets on alternative networks are unaffected, and users should consult the exchange's deposit page for more details.

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Also Read:Sam Altman's Worldcoin Secures $115M In VC, Hopes To Grow From 2M Users To Billions

Binance made a public statement noting, "We are temporarily suspending deposits for the following bridged tokens-network while we await clarity from the Multichain team."

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This temporary halt trails a five-day crisis that Multichain users endured, severely affecting transaction processing and resulting in numerous stalled transactions.

Several of Multichains cross-chain bridge routes, encompassing Kava (CRYPTO: KAVA), zkSync, and Polygon (CRYPTO: MATIC) zkEVM, are yet to be restored.

Initially, the Multichain project attributed the disruption to technical complications.

Nevertheless, as users' frustration amplified, the issue's cause was revised to a vague "force majeure."

Read Next:The Next Crypto Sensation: Base's Mainnet Launch And What It Means For You

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2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Binance suspends deposits for bridged tokens, seeks clarity from Multichain team – Cointelegraph

Crypto exchange Binance suspended deposits for 10 bridged tokens on May 25 following days of stuck transactions that sparked uncertainty surrounding the Multichain protocol.

Affected token pairs include Polkastarter (POLS), Alpaca Finance (ALPACA), Travala.com (AVA), Spell (SPELL), Fantom (FTM), Alchemy (ACH), Beefy (BIFI), SuperVerse (SUPER), Harvest Finance (FARM) and DeXe (DEXE). The move impacts users of bridged tokens on the BNB Smart Chain, Fantom, Ethereum and Avalanche blockchain networks.

According to Binances deposit page, withdrawals of these tokens and deposits on other networks are still available.

Multichains(MULTI) silence about the ongoing issues has been fueling uncertainty. As reported by Cointelegraph, transactions on the protocol have been delayed across multiple cross-chain bridges.

In a tweet from May 24, Multichain said that some cross-chain routes were unavailable due to force majeure," noting that the time for service restoration was unclear. It was the last communication from the protocol on the social media platform. Previously, the delay was attributed to a backend node upgrade.

Binance was not the only company to take steps amid the unexplained downtime. A wallet address linked to the Fantom Foundation reportedly removed 449,740 MULTI ($2.4 million) from liquidity on the decentralized exchange SushiSwap. Also, on May 24, blockchain analytics firm Lookonchain reported MULTI outflows related to smart money accounts worth $3 million.

On Twitter, rumors circulated that Multichains team had been arrested by the Chinese police, with $1.5 billion of smart contract funds under authorities control. Cointelegraph reached out to Multichain but did not receive an immediate response.

Binances venture arm is one of Multichains investors. In December 2021, the cross-chain protocol raised $60 million in a seed funding round led by Binance Labs, along with other venture capital investors such as Sequoia China, IDG Capital, Primitive Ventures, DeFiance Capital, Circle Ventures, Hypersphere Ventures, HashKey and Magic Ventures.

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Stablecoins Are the ‘Glue’ Between the Real Economy and Blockchain: Binance Japan General Manager – CoinDesk

Takeshi Chino, speaking ahead of Binance's re-entry into Japan via its acquisition of regulated crypto exchange Sakura Exchange BitCoin, described how volatility of crypto prices may lead to profit opportunities but will not help stimulate broader demand for cryptoassets.

"We believe that stablecoins will serve as the glue between the real economy, the blockchain economy, and the Binance ecosystem," Chino said. "When you do something stably, price fluctuations become noise."

Stablecoins are pegged to the value of traditional assets, usually fiat currencies such as the U.S. dollar, and therefore are designed to be free of the price swings that often afflict cryptocurrencies like bitcoin (BTC).

Chino said crypto winter may be hampering the traditional model of a crypto exchange business, given how lower valuations and trading volume will diminish revenue from fees. He said that Binance's vision for "freedom of money" through crypto and blockchain technology supersedes the exchange business model and the present market conditions.

"The ecosystem has many facets," he said. "For example, we will provide various services from a different angle to finance, and we will also provide various IP (intellectual property) contents in the form of Web3."

Binance's move back into Japan this summer will come two years after the exchange received warning from the country's Financial Services Agency (FSA) that it was operating there without permission.

Chino described how one of the keys to gain regulatory acceptance in Japan is ensuring understanding of how its products work in order to gain trust, something he admits may be a challenge.

"We are confident about our product and technology, but we are still a long way off in terms of whether the company Binance and its activities are properly understood," he said.

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Binance to halt Bitcoin spot trading with Australian Dollar – CryptoSlate

Crypto exchange Binance announced it would stop Bitcoin (BTC) spot trading activities with the Australian Dollar (AUD) on June 1, according to a statement on May 26.

Additionally, the exchange would remove spot trading activities for other top cryptocurrencies like Cardano (ADA), Ethereum (ETH), Dogecoin (DOGE), XRP, BNB, Solana (SOL), and Polygon (MATIC) paired with AUD on the same day.

Binance said its users can still trade the affected assets on other trading pairs within its platform. However, it would terminate its Trading Bots services for the mentioned pairings.

Earlier in the week, Binanceended support for spot trading activities of eight digital assets paired with the AUD.

This drawback is coming when Binances operation in Australia faces much regulatory scrutiny.

In April, the exchange canceled its derivatives license with the Australian Securities and Investments Commission (ASIC). At the time, the financial regulator said it was investigating the platforms compliance with local laws.

On May 18, Binance said it could no longer process Australian Dollar deposits for users because its third-party payment service provider Cuscal stopped providing its services to the firm. On the same day, Australias oldest bank, Westpac, banned crypto transactions to unnamed exchanges.

Meanwhile, Binances market share for BTC spot trading activities dropped to around 40% from 85% recorded in February 2023, CryptoSlate reported, citing data from CoinShares.

According to the report, the decline coincided with a period where Binance faced increased regulatory troubles from multiple fronts.

In March, the U.S. Commodity Futures Trading Commission (CFTC) sued Binance and its CEO, Changpeng CZ Zhao, over violations of the commodities law. The regulator alleged that the exchange illegally facilitated the trading of derivative orders on commodities for U.S. citizens.

On May 12, the exchange exited the Canadian market, citing the countrys regulatory guidance as a hindrance to its operations.

Additionally, Binance has struggled to find new banking partners as it suspended USD-denominated bank transfers and GBP services for new users earlier this year.

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

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Binance to halt Bitcoin spot trading with Australian Dollar - CryptoSlate

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Binance’s CZ says China is ‘buzzing’ after bitcoin seen in TV segment – The Block – Crypto News

Binance CEO Changpeng "CZ" Zhao said that Chinese-speaking communities are "buzzing" after state broadcaster China Central Television appeared to broadcast a segment about cryptocurrencies that featured the Bitcoin logo.

"It's a big deal," he wrote on Twitter. "Historically, coverages like these led to bull runs. Not saying past predicts the future. And not financial advice."

Zhao shared a link to CCTV's website that showed a segment that featured what appeared to be a Bitcoin ATM in Hong Kong. Besides a large blue logo, an option that said "Buy Bitcoins" was visible. NFTs were also highlighted in the segment.

The segment, dated May 23, focused on a Hong Kong licensing system for virtual asset trading platforms. China prohibited the use of cryptocurrencies in 2021.

Bitcoin was down 3.4% on Wednesday, falling to $26,295, according todata on TradingView.

Honk Kong's Securities and Futures Commission on Tuesday released consultation conclusions about proposed regulatory requirements for virtual asset trading.

"A significant majority of respondents agreed to our proposal to allow licensed trading platform operators to serve retail investors," the commission said. "The SFC will implement a number of robust measures to protect these investors including ensuring suitability in the onboarding process, good governance, enhanced token due diligence, admission criteria and disclosures."

The "Guidelines for Virtual Asset Trading Platform Operators" will become effective on June 1. The rules will cover "safe custody of assets, segregation of client assets, avoidance of conflicts of interest and cybersecurity standards and requirements expected of licensed trading platforms."

"Hong Kongs comprehensive virtual assets regulatory framework follows the principle of 'same business, same risks, same rules' and aims to provide robust investor protection and manage key risks," SFC CEO Julia Leung said in a statement. "This will enable the industry to develop sustainably and support innovation.

2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Binance's CZ says China is 'buzzing' after bitcoin seen in TV segment - The Block - Crypto News

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