Author: Crypto Insider

The Multichain protocol’s TVL remains largely unchanged at $1.6 billion despite a large sell-off in the token. On May 24, the token price of cross-chain router protocol Multichain (MULTI) fell by 30% over 24 hours to trade at $4.97 at the time of publication. The sell-off came after users reported that their multichain funds had…

Polygon co-founder Sandeep Nailwal says that speculation has been both the “boon and bane of crypto,” but genuine use cases will eventually rise to the surface. Sandeep Nailwal, the co-founder of the Ethereum scaling platform Polygon, believes Web3 gaming will eventually become one of the biggest drivers of mass crypto adoption. In a May 25…

The proposed bill would require top government officials and lawmakers to declare all personal crypto holdings over $760. A new bill mandating South Korean lawmakers and high-ranking government officials to declare their cryptocurrency holdings is expected to take effect within the next two months, said the floor leader of the country’s ruling party. On May…

According to the U.S. SEC, IOSCO members together regulate more than 95% of the world’s securities markets. A major global securities watchdog, the International Organization of Securities Commissions (IOSCO), is working to help policymakers regulate cryptocurrency more effectively. IOSCO on May 23 released a set of crypto-related regulatory recommendations as part of a consultation report developed by…

The ChatGPT plugin integrated into Solana is open source and can be downloaded from GitHub. On May 23, the Solana Foundation, a nonprofit dedicated to maintaining and developing the layer-1 Solana blockchain, announced that it has integrated artificial intelligence (AI) using a ChatGPT plugin developed by Solana Labs. As told by developers, the ChatGPT plugin is available…

The ads will emphasize the financial innovations facilitated via crypto and raise awareness for Coinbase events and lobbying efforts. United States crypto exchange Coinbase is rolling out another national ad campaign in America focusing on the “critical” role that crypto will play in modernizing the global financial system. In a May 22 blog post, the…