Analysis Daily TheBitTimes.com

Prior to November 1, the last transactions has taken place more than 117 days ago, according to Multichain's explorer tool. Hacked cross- chain protocol Multi chain has confirmed some transaction s, and its backlog of queued transaction s has declined to only a single transaction , according to data from Multi chain 's explorer tool. Block chain data confirms that some of the transaction s have been confirmed on the destination chain , while others show as confirmed in the Multi chain explorer but not on the destination chain . Browsers with the Metamask wallet extension currently show a warning when users attempt to view the Multi chain explorer, due to the fact that the protocol has been hacked. However, it can be viewed with a browser that does not have a Web3 wallet installed. Cointelegraph does not recommend connecting to Multi chain with a wallet app, and the site itself may also be unsafe. The transactions appear to be coming from a small number of addresses, i...

Several top banks around the world are already collaborating with Chainlink to explore applications for the Cross-Chain Interoperability Protocol. The development firm behind the Chainlink protocol and its native LINK token has gone live with its cross- chain protocol , aimed at providing interoperability between traditional financial firms and both public and private block chain s. In a July 17 post on the Chainlink blog, Chainlink  Labs' Chief Product Officer Kemal El Moujahid announced that its Cross-Chain Interoperability Protocol (CCIP) has launch ed under early access on Ethereum, Avalanche, Polygon, Arbitrum, and Optimism. Developers on these platforms will have access to CCIP on their respective testnets on July 20. 1/ The Chainlink Cross-Chain Interoperability Protocol (CCIP) has officially launched on Avalanche, Ethereum, Optimism, and Polygon mainnets.#LinkTheWorld pic.twitter.com/SdLVyaapg3 — Chainlink (@chainlink) July 17, 2023 CCIP is an interoperability protoco...

Multichain faces $125M outflows and suspends services. Fantom Foundation assures FTM holders amidst Multichain’s troubles. FTM price drops as bears exploit market uncertainty. In a startling episode, Multichain recently weathered a hefty outflow of $125 million in multichain assets from its cross-chain protocol. The Fantom Bridge bore the brunt of this exodus, witnessing a $122 million drain from its entire portfolio of wBTC, USDC, USDT, and other altcoins. Consequently, the platform announced a temporary suspension of its services. Suspicions flared as assets from the Multi chain MPC address moved abnormally to an undisclosed location. As the dust settled, Multi chain took to Twitter to update users. The team advised caution, recommending all users hold off using Multi chain services and revoke all Multi chain -related contract approvals. Besides the latest upheaval, Multichain has been grappling with technical glitches and the conspicuous absenc...

The partnership was preceded by the launch of an enterprise node hosting service on Microsoft Azure. On June 8, decentralized blockchain infrastructure provider Ankr announced the launch of its enterprise blockchain creator tool on Microsoft’s Azure Marketplace. Dubbed “AppChains,” the solution will enable companies to quickly launch a dedicated and customizable blockchain to power various Web3 strategies. Developers can deploy the Polygon Supernet on its first iteration, with more choices thereafter. According to Ankr, AppChains has been available for a year with use in launching application-specific blockchains to power their decentralized applications. However, Ankr’s developers said they are witnessing strong demand from institutional clients for using AppChains in areas such as banking, central bank digital currencies and gaming. The firm wrote: “Making the AppChain solution available on Microsoft’s Azure Marketplace provides an easy path for businesses to find a vetted solu...

Blockchain is reshaping the agricultural industry by increasing transparency, traceability and efficiency in supply chain management and compliance. Blockchain has been recognized for its potential to transform finance and other industries that rely on data, but what happens when innovation meets the world’s oldest industry — agriculture? It turns out that blockchain has a lot to offer to the food and agriculture sectors, especially when merged with other innovative technologies such as artificial intelligence (AI), satellites and the Internet of Things (IoT). The agricultural sector can join the tech revolution to upgrade every aspect that has to do with transactions and data. For example, blockchain could streamline processes related to the supply chain by increasing traceability and bringing automation to the table. A report from InsightAce Analytics found that Blockchain in the agriculture and food Supply Chain is a market valued at over $280 million as of 2022, and is expected t...