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In a recent development, Binance, one of the world's largest cryptocurrency exchanges, has announced that it is ending support for withdrawal and deposit for several Multichain-bridged tokens. From July 7 onwards, customers on networks like BNB Smart Chain, Fantom, Ethereum, and Avalanche will be unable to deposit or withdraw bridged tokens until further notice. Ethereum binance smart chain 60m Follow @egreechee on Twitter

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Issues at Multichain began late last month when its CEO went missing, and yet unconfirmed rumors spread of his arrest in China. Relevant Categories The cryptocurrency industry is innovative and diverse, yet it is natural that some of the major projects are competing in the same sector. In a recent article, we discussed the recent classification of assets based on their functionality, where Ethereum and Binance, fell under the same column.

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The blockchain analytics platform Nansen has analyzed user activity on Binance Smart Chain (BSC) and revealed the most interesting trends in a new research report. ARK Invest Sells Nearly $12M Worth of Coinbase Shares Alpha Finance Lab is an ecosystem of DeFi products that will interoperate to maximize returns while minimizing downside risks for users. Each Alpha product focuses on capturing unaddressed demand in DeFi in an innovative and user friendly way.

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🥳 Ethereum Successfully MergesAfter seven years of development Ethereum successfully switches to PoS, Wintermute gets hacked for $160M, South Korea issues warrant for Do Kwon, Doodles & Messari Close Big Rounds Launch your Blockchain product with CoinFactory If the Multichain bridge can't process transactions, it will have a negative impact on all chains connected to it, according to Reza Bashash, Co-Creator & Technical Lead at Sologenic and Coreum. He explained that the situation is particularly problematic for chains where Multichain acts as a custodian on one chain and a wrapped token issuer on another.