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Binance Smart Chain Faces yet Another Flash Loan Attack: Belt Finance Loses $6.3 Million
31.5.2021
Belt Finance, a Binance Smart Chain-based decentralized lending protocol, lost $6.3 million in a flash loan attack last week. The attackers took advantage of a series of inefficiencies in the smart contract to manipulate the price of the set and obtain profit from a series of transactions. This...
3 on-chain indicators suggest the Bitcoin price sell-off is losing steam
31.5.2021
As Bitcoin price shows new signs of bullish momentum, data from various on-chain indicators suggest that the current sell-off is reaching an end
Belt Finance loses millions in latest BSC-based DeFi exploit
31.5.2021
Another day, another BSC DeFi protocol gets hacked
Pandora Raises $2.4M From Industry Heavyweights to Bridge off-Chain Assets to Open Finance via NFTs
29.5.2021
PRESS RELEASE. Pandora Finance (https://pandora.finance/) announced that they have successfully closed their $2.4m seed round. The Pandora team received pledges from some of the most visible investors within the crypto space, and closed the round oversubscribed by manifolds. Overview of strategic...
BSC Defi Protocol Burgerswap Loses $7.2 Million from a Flash Loan Attack
29.5.2021
Another Binance Smart Chain project has been hit with a flash loan attack according to a post mortem written by the Burgerswap team. The project’s official Twitter account said at around 3 a.m. on Friday, Burgerswap suffered from a flash loan attack with the hackers stealing $7.2 million...
US Convenience Store Chain Sheetz to Accept Cryptocurrencies for Payments
28.5.2021
The American chain of convenience stores and coffee shops, Sheetz, announced on Thursday that the firm would be accepting digital currencies like bitcoin, ether, and dogecoin for payments. The major Mid-Atlantic chain’s executive payments manager says accepting crypto-asset acceptance...
American convenience store chain now accepts Bitcoin payments
28.5.2021
Mid-Atlantic convenience store giant Sheetz is set to accept Bitcoin and crypto payments across its outlets
Realm Joins Reef Chain to Build NFT Realms
28.5.2021
Despite the digital sector going through rapid fluctuations, the NFT domain is maintaining its prominence. The pattern was followed by Realm, the open-source community-driven project. Realm announced joining the Reef Chain ecosystem to create new magical realms and living NFTs. Reef Finance also...
Another Two Binance Smart Chain Projects Suffer Flash Loan Attacks
28.5.2021
Source: Instagram, Binance
And yet another two projects on Binance Smart Chain (BSC) suffered incidents, in the form of more flash loan attacks - and this time it's Burger Swap (BURGER) and JulSwap (JULD).
BSC, ran by the crypto exchange giant Binance, may be getting more popular among...
Binance Smart Chain’s BurgerSwap drained of $7.2M in exploit
28.5.2021
The latest in a recent spate of decentralized finance hacks
CipherTrace expands to cover Binance Smart Chain amid wave of exploits
28.5.2021
Binance beefs up blockchain analytics amid a surge in DeFi exploits
Mark Cuban Reveals Stake in Ethereum Layer 2 Scaling Solution Polygon
27.5.2021
Famed American entrepreneur and investor Mark Cuban has divulged a strategic investment in Polygon, highlighting his own use and embrace of the protocol’s multi-chain approach to Ethereum. Investment Accompanies Release of the Polygon SDK As major names line up behind Ethereum, notably...
dCanvas Employ Secure Proxies, On-Chain Meta Data on Collaborative NFT
26.5.2021
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Positioned as the biggest collaborative NFT art project, dCanvas opened up for the public for the second time by allocating 256 public release NFTs...
The importance of block sizes, and the rise of off-chain solutions
25.5.2021
A number of blockchain projects have exploded in popularity in recent months, but their block sizes have stayed the same. What’s the answer to this looming scalability crisis?
Critical $20M SafeMoon vulnerability? Project devs say no cause for alarm
25.5.2021
One blockchain security firm says its audit of the SafeMoon smart contract has unearthed a potential $20 million vulnerability within the viral meme coin
Flash Loan Attacks Drain 2 Binance Smart Chain Defi Projects for $6 Million
25.5.2021
There have been two back-to-back flash loan attacks in a short period of time stemming from two unique Binance Smart Chain decentralized finance (defi) projects. Last Wednesday, the yield-farming platform Pancakebunny lost close to $3 million in a flash loan attack according to reports....
Multi-Chain Structured DeFi Protocol raises 2.1M USD Private Funding
21.5.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Skyrim Finance is building the first multi-chain structured decentralized financial marketplace following a successful funding with close-knit investor support.
Multi-Chain Structured Finance Protocol Skyrim...
Two More Binance Smart Chain Projects Report Incidents, Prices Plummet
20.5.2021
Source: a screenshot, Instagram/binance
Binance Smart Chain (BSC), ran by the crypto exchange giant Binance, has landed in hot water due to the incidents suffered by its projects - yet again. Yesterday it was Venus Protocol (XVS), and today Pancake Bunny (BUNNY).
Venus is a project built...
Defi Economy Lost $20 Billion This Week, Decentralized Exchange Volumes Still Sky High
20.5.2021
While crypto markets, in general, have been dropping significantly in value, the decentralized finance (defi) economy has shaved more than $21 billion during the last week. Statistics show that the total-value locked (TVL) in defi touched $87 billion on May 11, and since then the aggregate total...
Polygon to Democratize NFT Interactions by Improving Approachability
19.5.2021
To pave the way for greater adoption of non-fungible tokens and bring down the barriers hampering more widespread participation, Polygon is leveraging its parallel network’s proof-of-stake approach to reduce Ethernity Chain’s gas costs. Layer 2 Solution to Make Ethereum-Based NFTs More...