Private key leaks were identified as the leading cause of crypto thefts in the second quarter of 2024 by cybersecurity firm SlowMist’s investigative branch, MisTrack. The report highlighted many instances wherein users stored their private keys or mnemonic phrases in cloud storage services like Google Docs, Tencent Docs, Baidu Cloud, and Shimo Docs. Private Key...Read More
The “Build ‘N’ Build” Chain, formerly known as the Binance Smart Chain (BSC) will be going through a hard fork in June. The network upgrade is called Luban and will introduce three evolution proposals. Let’s dive in. The BSC Luban upgrade is scheduled to take place on June 11th, provided regular network activity. It is...Read More
Layer 2 scaling solutions have revolutionized the space with faster and cheaper transactions, as well as increased scalability and improved privacy and security. In a bid to increase its competitiveness against rival blockchain networks, a proposal has been submitted that aims to adopt a lower transaction fee cost on Binance Smart Chain (BSC). BSC Proposal...Read More
The BNB Smart Chain will go through a hard fork tomorrow. The upgrade will take place at around 08:00 AM (UTC) at block height 22,107,423. The changes are aimed at mitigating the cross-chain infrastructure between the Beacon Chain and the Smar Chain in an attempt to re-enable the cross-chain back. What is the BNB Smart...Read More
After losing millions of dollars worth of assets in a cross-chain hack, the team behind BNB Chain – formerly Binance Smart Chain (BSC) – plans to conduct on-chain governance votes to determine what to do with the stolen funds. Recall that BNB Chain temporarily halted all network operations after an attacker exploited a vulnerability on...Read More
The past 24 hours were quite tumultuous, with one of the largest blockchain networks – BNB Chain – suffering a security breach that saw the millions worth of cryptocurrency being compromised. And while the process of freezing and recovering the stolen assets is ongoing and the network is back to its normal functioning, someone took...Read More
The BNB Chain is back to operating normally following a halt that happened because of a massive security breach. Validators are confirming their status while the community infrastructure is upgraded as well. As CryptoPotato reported yesterday, the BNB Chain was temporarily paused following the $600 million hack. Binance first revealed the halt due to irregular activity, and...Read More
Binance has announced a pause across the entire Binance Smart Chain (BSC or BNB Chain) following what appears to be one of the largest exploits in DeFi history. An attacker has reportedly hacked another BNB chain user for 2 million BNB, worth $600 million. Another DeFi Catastrophe According to BNB Chain on Twitter, the “temporary”...Read More
Google Cloud and BNB Chain are joining forces to accelerate the growth of web 3 startups. BNB chain developers can now leverage Google Cloud infrastructure to help scale their applications and access other forms of technical support. According to a press release from Binance, BNB Chain will now enable “accelerated access” to the Google for...Read More
The Liechtenstein-based cryptocurrency exchange – Unizen – secured a $200 million funding to accelerate its development in numerous fields. The fundraiser was led by the investment management giant Global Emerging Markets (GEM). Unizen is Looking Towards a Rapid Expansion In a recent announcement, the trading venue vowed to employ the multi-million financing to expand the...Read More
The new brand, meaning Build and Build (BNB), will consist of BNB Beacon Chain (previously known as Binance Chain) and BNB Smart Chain (previously BSC), explained the exchange. Upon launching Binance Smart Chain during the DeFi boom in 2020, the world’s leading crypto exchange faced criticism over developing a decentralized ecosystem that was actually too...Read More
In yet another concerning development, the prominent blockchain security firm, Peckshield, revealed looking into more than 50 potentially dubious projects on Binance Smart Chain(BSC). Rug Potentials on Binance Smart Chain Rug pulls were a frequent occurrence in the crypto space in 2021. In this kind of scam, developers of a DeFi project abandon it unexpectedly...Read More
One of the most popular ways traders find hot cryptocurrencies is by looking at the recently listed coins on CoinMarketCap. This article goes over the top four recently listed cryptocurrencies on CoinMarketCap that gained over 130% in price today, ordered by 24-hour price gain, lowest to highest. 3. Floki Monk (FLOKIMONK) +100% Floki Monk is...Read More
The cryptocurrency exchange giant Binance announced the implementation of a new BNB Auto-Burn mechanism. The aim is to provide greater transparency and predictability to the BNB community. BNB Auto-Burn is also designed to foster the development of a “healthy blockchain ecosystem” together with the Binance Smart Chain (BSC) and Binance Coin (BNB) communities. According to...Read More
Bitmart has confirmed that it was hacked, with early estimations indicating that the total amount swiped is around $200 million in various cryptocurrencies. Sheldon Xia, founder and CEO of the exchange, asserted that the company has temporarily suspended withdrawals. Users on Twitter started to complain about a possible security breach against Bitmart earlier on December...Read More
Binance Smart Chain (BSC) recently activated BEP-95, which integrates a real-time burning mechanism into its tokenomic structure. From now on, a fixed ratio of gas fees collected by BSC validators will be burned in each block. The Real-Time Burn Begins BSC announced the new mechanism’s launch over Twitter earlier this week. Its burn ratio –...Read More
The world’s leading cryptocurrency exchange, Binance, has announced a $1 billion fund to further accelerate the development of projects in the Binance Smart Chain ecosystem. Binance has just announced that it plans to put aside $1 billion towards the development of projects based on the Binance Smart Chain. According to the official release, the program...Read More
The team behind the Binance Smart Chain has decided to launch another season of the Most Valuable Builder program. It aims to accelerate the developments in several sectors, including DeFi and GamingFi, and ten projects will have the chance to receive funding. BSC MVB Program Season Three Ever since the launch of the Binance Smart...Read More
Celer Network, the layer 2 scaling platform, has announced that its multi-chain network is live on the mainnet. Dubbed cBridge v1.0, it will enable users to transfer assets across several blockchain networks, including Ethereum, Binance Smart Chain, Polygon, and Arbitrum. cBridge v1.0 Goes Live on Mainnet The blockchain-based project announced its latest milestone in a...Read More
The hacker managed to steal $6.2 million worth of BUSD, the Binance native USD-pegged stablecoin converted to ETH via 1inch DEX and partially withdrawn from Binance Smart Chain onto Ethereum. This hack was comparatively benign: only $6.2 million was stolen from Belt Finance’s massive $2.6 billion total value locked (TVL). The beltBUSD vault uses four...Read More
Another protocol employing the Binance Smart Chain has suffered a security breach. This time, it was the decentralized exchange BurgerSwap, and the perpetrators stole over $7 million through a flash loan attack. $7.2M Drained From BurgerSwap Launched earlier this year, BurgerSwap is a DeFi project enabling users to swap between tokens issued on the BSC...Read More
Pancake Bunny, Binance Smart Chain’s largest yield aggregator service, has suffered a flash loan attack in which over $44M was stolen by an outside exploiter. Pancake Bunny’s underlying native token, BUNNY, crashed from $150 to $1 within seconds. Bunny Fam Today at 10:34 UTC, PancakeBunny was attacked with an economic exploit that crashed the price...Read More
Spartan Protocol, a DeFi project on Binance Smart Chain, was exploited for over $30.5m. The hacker’s whereabouts are unknown, and a second version of Spartan Protocol is currently being rebuilt with implemented bug fixes. What is/was Spartan Protocol? Spartan Protocol provided a platform for incentivized liquidity and synthetic assets. The SPARTA token had an internal...Read More
The Binance Smart Chain powered DEX has surged in popularity in recent months as DeFi newbies flock to the platform to avoid paying heavy gas fees on Ethereum. Figures from on-chain data providers indicate that the record figures for BSC and PancakeSwap have indeed surpassed that of the Ethereum network, despite its record price high...Read More
$50 million worth of various cryptocurrencies has disappeared from the automated market maker platform running on the Binance Smart Chain – Uranium Finance. While the team behind the project claims the funds were stolen, the cryptocurrency community speculates of a possible rug pull. $50M Gone From Uranium Finance The DeFi project took it to Twitter...Read More
There has been no denying the surge in popularity for the largest platform running on Binance’s Ethereum rivaling blockchain. PancakeSwap continues to pull in new DeFi users and those that are making smaller transactions. A Dappradar report on April 21 stated that the DEX has now surpassed the entire Ethereum network for transactions in a...Read More
The ecosystem of the Binance Smart Chain continues to expand. With a range of available applications spanning various segments of the industry, BSC has recently reached another milestone, with its daily transactions being 200% more than these on Ethereum. The ecosystem is bound to expand even more following the recent inclusion of KeyFi to the...Read More
Binance Smart Chain (BSC) is enjoying a steady flow of unique addresses which has also resulted in a massive surge in the daily transaction count the network is processing. BSC Transactions 200% More Than Ethereum’s Binance Smart Chain is undoubtedly one of the most popular networks amongst DeFi enthusiasts. Its capability to handle a large...Read More
PancakeSwap, the largest and most popular decentralized cryptocurrency exchange and automated market maker (AMM) on Binance Smart Chain, might have had its DNS hijacked. Cream Finance is also under attack. In a tweet shared minutes ago, PancakeSwap’s official account revealed that the platform might have had its DNS (Domain Name System) hijacked. Until we are...Read More
Everyone involved in blockchain and cryptocurrencies knows that it is a rapidly evolving space. Since the first Bitcoin was mined in 2009, several developments have led to the formation of what is known today as the Crypto-Industry, one characterized by a 24-hour market, DeFi, and over 2000 cryptocurrencies. In light of important present-day developments like...Read More
