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“# Centric Swap leads ‘Uptober’ after a swift 1,000% gain. Here’s why it could go higher ” In the past few weeks, Centric Swap (CNS), a dual-token model that gives stakers a fixed hourly yield that “stabilizes over time as it self-regulates token supply to meet ongoing changes in demand,” has rallied more than 850%…
“# Binance to launch $1B fund to develop BSC ecosystem ” The Binance cryptocurrency exchange has announced a $1 billion accelerator fund to expand the capabilities of the Binance Smart Chain ecosystem and advance mainstream adoption across the financial technology sector. The exchange showcased the eight-figure fund in a tiered development model across four specialist…
“# Value locked in DeFi grows 936% in one year, NFT sector strengthens: DappRadar ” New research by analytics platform DappRadar has revealed the extent to which decentralized finance and nonfungible token (NFT) markets have grown this year. In its Sept. 30 “Value Flow Report”, crypto analytics platform DappRadar reported that recent trends have seen…
“# Latest DeFi hack targeting BSC sees $12.7M in Bitcoin stolen from pNetwork ” Cross-chain DeFi platform pNetwork has become the latest protocol to be targeted by hackers on Binance Smart Chain, reporting a loss of roughly $12.7 million worth of Bitcoin. According to a Twitter thread published by pNetwork on Sept. 20, the incursion…
“# Near Protocol, Algorand and PowerPool rebound while Bitcoin consolidates ” The wider cryptocurrency market appears to be in the early stages of a recovery with many altcoins regaining their footing after correcting by 20% to 30% on Sept. 7 when Bitcoin (BTC) fell below $43,000. Top 7 coins with the highest 24-hour price change….
“# Bison Trails launches Binance Smart Chain support ” Bison Trails, an enterprise infrastructure provider for the blockchain and cryptocurrency industry, has extended support to developers of Binance Smart Chain — a move the company says will contribute to the health and security of the rapidly growing DeFi sector. Through Bison Trails, developers on Binance…
“# Immunefi partners with Binance Smart Chain on bug bounties to secure BSC projects ” Immunefi, a security service outfit that specialized in decentralized finance (DeFi) projects, has inked a collaboration with crypto exchange giant Binance. According to a release issued on Friday, Immunefi will work in collaboration with Binance to improve the security of…
“# Alpha Finance Lab (ALPHA) rallies 50% as project fundamentals improve ” Bitcoin (BTC) price continues to trade in a predictable range which has given traders confidence in trading altcoins and DeFi tokens. This translated to a 110% rally in the price of Alpha Finance Lab (ALPHA) over the past four days. Data from Cointelegraph…
“# Binance Smart Chain’s BurgerSwap drained of $7.2M in exploit ” Another decentralized finance protocol was subject to a major exploit on Friday, May 28, after $7.2 million was drained from BurgerSwap (BURGER) on Binance Smart Chain. Varying amounts of seven different cryptocurrencies were stolen amid the attack, including $3.2 million worth of BURGER tokens,…
“# CipherTrace expands to cover Binance Smart Chain amid wave of exploits ” Cryptocurrency and blockchain intelligence company CipherTrace has announced analytics support for Binance Smart Chain (BSC) amid a rise in attacks and vulnerabilities on protocols running on the network. In an announcement on May 27, the firm stated that it aims to identify…