Tag Archives: Binance Smart Chain

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 Startups Cloud Program. BNB Chain is a combination of the BNB Beacon Chain and BNB Smart Chain, and currently hosts over 1300 dapps. ...

Users of the crypto-friendly browser will be able to access popular decentralized apps, including DEXs like PancakeSwap, 1inch based on BNB Chain. Opera – a web browser supporting Web3 – has announced support for Binance’s smart contract blockchain, BNB Chain, on desktop and mobile. Opera Taps BNB Chain According to the official blog post, Opera revealed that the latest integration of its Crypto Browser with BNB will enable users to purchase BNB tokens with fiat as well as...

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 and siphon off with user funds. Binance Smart Chain was one of the badly hit DeFi platforms which lured numerous...

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 the official blog post, the new system, dubbed “BNB Auto-Burn,” will have two characteristics. It will be...

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 will be divided into four groups, each one of which aimed at different goals and challenges. $100 million will go towards...

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 Chain, the project has strived to help emerging protocols receive support and funding through its Most Valuable Builder program. A recent press...

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 press release shared with CryptoPotato. The statement informed that cBridge v1.0 aims to “tackle a few of...

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 strategies. A bug in the Elipsis strategy was used to leak out funds via the Venus strategy. The vault sends new deposits to...

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 of BUNNY. None of the vaults have been compromised. Team Bunny is currently working on solutions and will provide a report as...

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 pricing mechanism without having to rely on external oracles for price settlement. Such a system could...