Tag Archives: Binance Smart Chain

CoinspeakerSUI Price Hits New All-Time High, Enters Top 10 DeFi Blockchains by TVL Metric Sui has been among the top performers in the cryptocurrency market as of late, fueled by a notable spike in its on-chain DeFi activity and rising trading volume. SUI Price Hits New All-Time High, Enters Top 10 DeFi Blockchains by TVL Metric

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 a hard fork and will introduce the implementation of three evolution proposals (BEPs). Namely, these are BEP-126, BEP-174, and BEP-221. According to the...

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 The proposal, submitted on March 28th, highlighted the need for a more adaptive transaction cost distribution on the BSC...

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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 Chain Moran Hard Fork? According to a release on Github, the BNB Smart Chain will go through a hard fork tomorrow – October 12th. The upgrade is called Moran,...

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 the BSC Token Hub cross-chain bridge to siphon two million BNB valued at $600 million. BNB Chain Hacker Absconds With $100M  The hacker still...

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 the opportunity to pull off another scam. Enter the BNB HACK INU Token BNBHACKINU – a token created in a clear reference to both the recent BNB...

In terms of overall market movements, not much was happening in the past seven days. The total capitalization remained somewhat flat, around $990 million, unable to recover above the coveted $1 trillion mark. Bitcoin’s price, as well as that of the majority of altcoins, also failed to post a significant difference. At the time of this writing, Bitcoin’s price trades at around $19,700 – more or less where it was this time last week. The volatility is currently gone from the...

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” pause is due to “irregular activity,” and a “potential exploit.” “All systems are now contained, and we are immediately investigating the...