Category: BSC

Binance Labs leads $12M round for DeFi platform Woo Network

January 4, 2022

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Binance’s VC arm leads DeFi liquidity provider Woo Network’s $12-million Series A+ funding round. 2206 Total views 55 Total shares Decentralized finance (DeFi) liquidity provider Woo Network has secured additional funds in a Series A funding round. Incubated by quantitative trading heavyweight Kronos Research, Woo Network has pocketed an additional $12 million strategic investment in […]

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AscendEX loses $80M following ERC-20, BSC, Polygon hot wallet compromise

December 12, 2021

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Out of the lot, around $60 million worth of tokens were transferred over the Ethereum blockchain alone. Tokens stolen from BSC and Polygon are worth $9.2 million and $8.5 million respectively. 8276 Total views 41 Total shares Crypto trading platform AscendEX suffered a loss of $77.7 million in a hot wallet compromise that allowed hackers […]

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Binance Smart Chain and Animoca Brands form $200M fund for GameFi projects

December 6, 2021

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BSC-based projects will get a chance to gain insight from Animoca Brands and assistance from the BSC community. 4908 Total views 45 Total shares Binance Smart Chain (BSC) and Animoca Brands are launching a $200-million investment program to incubate early cryptocurrency-focused gaming projects building on BSC. BSC and Animonica announced on Monday that they are […]

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Binance Smart Chain hits record-high daily transactions

November 17, 2021

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The DeFi platform has recorded approximately 1.75 billion lifetime transactions since its launch in August 2020. 2253 Total views 27 Total shares Analytical data from BscScan, a sister product of Etherscan, reveals that Binance Smart Chain (BSC) surpassed 14.7 million blockchain transactions on Tuesday.  This establishes a landmark all-time high for the decentralized finance network, […]

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Altcoin Roundup: Holding Bitcoin? Here’s how to put it to work in DeFi

October 22, 2021

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The long-awaited day finally came on Oct. 19 as the first Bitcoin (BTC) exchange-traded fund (ETF) went live on the New York Stock Exchange, thrusting the crypto asset into the limelight across mainstream news outlets and alternative media alike.  Despite the fact that the ETF in question will hold no actual Bitcoin and is instead […]

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Centric Swap leads ‘Uptober’ after a swift 1,000% gain. Here’s why it could go higher

October 17, 2021

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In the past few weeks, Centric Swap (CNS), a dual-token model that gives stakers a fixed hourly yield that “stabilizes over time as it self-regulates token supply to meet ongoing changes in demand,” has rallied more than 850% and still about 200% away from its previous all-time high. Data from Cointelegraph Markets Pro and TradingView […]

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Value locked in DeFi grows 936% in one year, NFT sector strengthens: DappRadar

October 1, 2021

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The total value locked in DeFi protocols has surged 936% over the past 12 months. 1618 Total views 46 Total shares New research by analytics platform DappRadar has revealed the extent to which decentralized finance and nonfungible token (NFT) markets have grown this year. In its Sept. 30 “Value Flow Report”, crypto analytics platform DappRadar […]

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How will regulatory troubles and mandatory KYC impact Binance Coin (BNB) price?

August 22, 2021

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Binance Coin (BNB) rallied 30% in two weeks, but the fourth largest cryptocurrency by market capitalization seems to be struggling to break the $450 resistance. Coincidently, this is the same top from June 3, which was followed by a 48% correction down to $225. Given the similarity of the situation when compared to previous instances, […]

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Huobi Eco Chain’s TVL surges to $2.7b, but two DApps represent 86% of locked assets

June 8, 2021

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The decentralized exchange Mdex and yield aggregator Filda represent roughly $2.4 billion of Heco’s $2.7 billion TVL combined. 4551 Total views 9 Total shares Despite Huobi Eco Chain attracting an impressive total value locked (TVL) since launching in December, just two DApps represent 86% of the blockchain’s TVL. According to crypto data aggregator, CryptoRank, approximately […]

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Belt Finance loses millions in latest BSC-based DeFi exploit

May 31, 2021

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Another day, another BSC DeFi protocol gets hacked. 7039 Total views 10 Total shares Belt Finance has become the latest Binance Smart Chain-based decentralized finance, or DeFi, protocol to lose millions to an opportunistic hacker. The Rekt Blog, which post mortems DeFi exploits, stated that an attacker exploited a flaw in the way the protocol’s […]

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