Search
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...
There’s Close to 300,000 Bitcoin-Pegged Tokens Hosted on ETH and BSC, Value Exceeds $12 Billion
19.5.2021
For quite some time now cryptocurrency traders have been leveraging bitcoin-based assets tethered to alternative blockchains. Mid-May statistics show there’s more than 299,000 bitcoin, worth over $12.8 billion today, tied to wrapped or synthetic bitcoin projects hosted on Ethereum or...
African Founded Crypto Exchange, Quidax Partners With Popular Defi Platform, JulSwap
18.5.2021
PRESS RELEASE. Cryptocurrency exchange Quidax officially announced a partnership with JulSwap. JulSwap is one of the biggest decentralized exchanges (DEX) on the Binance Smart Chain Ecosystem. Quidax also announced that it will be launching its ecosystem token, QDX, on JulSwap’s launchpad...
The Role of Cross-Chain in DEFIT’s Future
14.5.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
In the midst of the exponentially growing Blockchain and DeFi ecosystem, one particular challenge has become prominent: the creation of the siloed networks.
The blockchain world has gained the attention...
ETH price regains $4K as possible Ethereum 2.0 'full validator' count hits 17-month low
14.5.2021
Glassnode data reveals that the number of Ethereum addresses holding at least 32 ETH declined steadily in recent months
Dvision Network Set to Migrate to Binance Smart Chain on May 20
14.5.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Dvision has already announced their readiness to launch on BSC in their blog post and also started a countdown in their website, which pinpoints to the official launch of the bridge on 20th May.
Dvision...
Why Dvision Network Migration to Binance Smart Chain Is a Game Changer
13.5.2021
The leading blockchain Virtual Reality (VR) Metaverse platform Dvision Network is set to migrate to the Binance Smart Chain network through the cross-chain bridge. Dvision Network has changed the blockchain space by offering users an ecosystem that encompasses NFTs and virtual reality....
Tether Reaches 30 Billion USDT Issued on Tron
13.5.2021
Tether, the largest stablecoin by market cap, has reached a milestone by issuing 30 billion USDT on top of the Tron blockchain. While the stablecoin is now present on several chains, including BSC (Binance Smart Chain) most of it is now on Tron due to the blockchain’s low transaction fees...
PolkaLokr Listing on AscendEX
11.5.2021
PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the PolkaLokr Token (LOKR) under the pair USDT/LOKR on May 10 at 1:00 p.m. UTC. Polkalokr is the first all-in-one, multi-chain token...
Biden Economics: US Jobs Report Lackluster, Unemployment Extensions Hammer Supply Chain, Americans Want More Stimulus
11.5.2021
Recent headlines in numerous publications claim the U.S. economy is set for rapid expansion and a “post Covid boom” thanks to Joe Biden’s economic plans. However, contradicting reports identify certain struggling elements, such as the supply chain, which have been ravaged...
Centric (CNR/CNS) Announces Migration to Binance Smart Chain
11.5.2021
PRESS RELEASE. London, UK — Centric announced an upcoming fork to the Binance Smart Chain (BSC), after almost 2.5 years on the TRON blockchain. Centric’s tokens, Centric Cash (CNS) and Centric Rise (CNR), will move to the BEP-20 token standard native to the Binance Smart Chain. Binance...
DeFi hacks on Binance Smart Chain rise as TVL and volumes increase
10.5.2021
While Binance Smart Chain expands its footprint, hacks on DeFi protocols housed on the network increase hand in hand
Analyst Explains Why Ethereum Is Rallying, Hitting All-Time Highs
10.5.2021
Investment management firm Ark Invest has highlighted three reasons why the price of ethereum has been hitting record highs. The firm cited increased institutional interest, strong on-chain signals, and imminent protocol upgrades as the key reasons. Why Ethereum Has Been Going Up ARK Investment...
California Cannabis Chain People’s Remedy Starts Accepting Cryptocurrencies as Payment
9.5.2021
People’s Remedy, a growing chain of cannabis stores, has started accepting cryptocurrencies as a payment method, allowing their customers to use them as a fast, easy way of getting their products while taking advantage of the traits cryptocurrencies bring to the table. Unlike other stores...
Kwikswap Becomes the First Project to be Built on Reef Chain
3.5.2021
Reef, the esteemed yield engine and smart liquidity aggregator, recently announced Kwikswap to become the first project ever built on the Reef Chain. The platform is already renowned for its esteemed projects, and Kwikswap’s association with the platform will certainly enhance its market...
DeFi adoption on the Binance Smart Chain reaches new highs
1.5.2021
Decentralized finance protocols on the Binance Smart Chain saw their token prices and total value locked rise toward new highs after a series of protocol upgrades and cross-chain integrations