Tag Archives: bnb chain

BNB Chain intends to disable its atomic swap feature in April and all Bridge providers will be expected to begin informing users by February. We are in the first few weeks of 2024 and the scene is seemingly being set for the rest of the year. The industry is still on a high note from the recently- announced Bitcoin spot ETF approval but even more news is rolling in. The latest comes from BNB Chain, which recently announced the six-month roadmap for its BNB Beacon Chain Fusion. The roadmap...

TL;DR Shifts in Blockchain TVL: The year 2023 saw changes in the total value locked (TVL) rankings among various blockchain platforms, with significant fluctuations and new entries making an impact. Highlights in Blockchain Performance: Certain networks gained popularity and development recognition, outperforming rivals in aspects like Google searches, NFT sales, and on-chain trading volume. Cryptocurrency Value Fluctuations: There were notable increases in the prices of some...

Venus Protocol, a prominent lending market on the BNB Chain, has denied allegations of a major security breach over the past weekend. These speculations initially suggested a $54 billion exploit, as blockchain security firm SlowMist reported. Venus Protocol Refutes Claims of Major Exploit Brad Harrison, the Head of Venus Labs, addressed these concerns on December 10 through a post on X. Some facts: Binance Oracle, which supports the asset of snBNB in the *isolated* pool...

Issued natively on the Ethereum and BNB Chain, AEUR intends to add support for more blockchains in the near future. Binance, the world’s largest crypto exchange by trading volume, has announced the launch of Anchored Coins EUR (AEUR) stablecoin. According to the announcement, users may begin trading the new stablecoin on its platform today by 10:00 (UTC). For a start, however, only four trading pairs will be supported. They are AEUR/USDT, BTC/AEUR, ETH/AEUR, and EUR/AEUR. As Binance...

Uniswap wallet first launched on the Apple’ App store in April. Uniswap has responded to the high demand for its crypto wallet from Android users by rolling out a version tailored to their devices. This follows shortly after its beta launch last month. Now, all Uniswap users, including those who use Android, may carry out cross-chain token swaps at will. But there is a little restriction. So far, Uniswap has only integrated a few networks including Arbitrum, Polygon, Base, Optimism,...

According to the latest report from Immunefi, from January to October 2023, over $1.41 billion has been lost to hacking and fraudulent activities in 292 specific incidents. In October 2023 alone, losses amounted to approximately $22.2 million, primarily attributed to hacking and fraud. The most frequently targeted blockchain networks during the period were BNB Chain and Ethereum, accounting for 83.3% of the total losses among targeted chains. Immunefi disclosed that BNB Chain...

In an effort to boost security, the BNB Chain has recently introduced a secure multi-signature wallet service known as BNB Safe{Wallet}. This service is built upon the Gnosis Safe protocol and is now accessible on both the Binance Smart Chain (BSC) and opBNB networks. The Gnosis Safe Multisig Wallet The BNB Chain has recently launched a multi-signature wallet service called BNB Safe{Wallet}, built on the Gnosis Safe protocol. The latter is a smart contract wallet known for...

Meanwhile, CoinMarketCap recently announced its entry into the Artificial Intelligence (AI) industry with the release of a ChatGPT plugin. ChainGPT, the innovative AI infrastructure network designed for Web3, has unveiled a groundbreaking partnership with CoinMarketCap to introduce an enticing $50,000 airdrop of $CGPT tokens to crypto enthusiasts. The ChainGPT Airdrop Mechanics ChainGPT highlighted in a press release shared with Coinspeaker that the airdrop initiative aims to empower up to...

BNB Chain – the community-driven blockchain ecosystem – announced the public launch of the Greenfield Mainnet. According to the official blog post, Greenfield is a decentralized storage-centric network designed to cater to data-intensive decentralized applications within the BNB ecosystem. This network aims to offer customizable storage solutions that seamlessly integrate with smart contracts on the BNB Smart Chain. BNB Doubles Down on Decentralized Data Storage During...

The most significant flash loan attack in the BNB Chain was reported on Oct. 11 when an MEV bot made a massive arbitrage profit of $1.575 million. The attack, which passed through the Pancakeswap DEX network, only cost the perpetrating bot a fee of $4.16, leaving them with humongous profits. Large Single Flash Loan Attack on BNB Chain As per reports, the MEV Bot with address 0x216Ccf on the BNB Chain emerged as the record holder of the most significant single arbitrage profit...