BNB Price has been seeing a lot of declines since Binance came under fire for the audit published by Mazars. Fear, Uncertainty and Doubt (FUD) had spread like wildfire, leading to more than $5 billion in withdrawals from the crypto exchange. Nevertheless, Binance was able to withstand the onslaught and amid all of this, activity…
Ethereum is not getting flipped by Binance Smart Chain anytime sooner, shows on-chain indicators. Blockchain analytics platform IntoTheBlock gathered data on Ethereum transactions with volumes greater than $100,000. The portal noted that the second-largest blockchain network processed $20.68 billion worth of transactions in the week ending April 11, leading to a record high volume transfer…
Popular crypto YouTuber Lark Davis talked about Binance Smart Chain (BSC) many opportunities for investors. With its low fees and fast transactions, Davis believes this ecosystem provides the kind of experience that the people want. BSC flagship product PancakeSwap (CAKE) has given its competitor a run for their money and even managed to “eclipse Ethereum”…
According to Coinglass, the crypto market witnessed more than $1.04 billion in liquidations during this period. Of this, a BNB position on the Venus lending protocol belonging to the perpetrator of the BSC bridge $560M hack was liquidated. The BSC Bridge Hack: Understanding One of Crypto’s Biggest Exploits The BSC brdige hack in October 2022…
Recently, the Binance Smart Chain emerged as the top Layer 1 platform with the biggest number of BNB users. There has also been a noticeable increase in its volume. The optimistic outlook for the cryptocurrency market as a whole has also contributed to BNB’s success. With a market capitalization of around $2.30 trillion, Bitcoin’s latest…
Ethereum (ETH) based yield aggregator Rari Capital was attacked this weekend by a group of bad actors. As a result, 2,600 in this cryptocurrency were stolen from the Rari Capital Ethereum Pool, as a post-mortem report released by core contributors confirmed. The attack took place at around 1:48 PM UTC, May 8th, with a series…
The Binance Smart Chain (BNB Chain), developed by the world’s largest cryptocurrency exchange by trading volume, Binance, experienced significant growth and performance in the first quarter (Q1) of 2024. As highlighted in a recent report by Messari, Binance Smart Chain has surged in market cap, revenue, average daily active addresses, decentralized finance (DeFi), total value…
Binance Smart Chain (BSC) has demonstrated notable growth in key metrics during the fourth quarter (Q4) of 2023, as highlighted in a comprehensive report by Messari. As the third-largest Layer-1 protocol by market capitalization, BSC experienced positive progress across its financial indicators, signaling a productive quarter for the blockchain ecosystem. Binance Smart Chain Record-Breaking Transactions…
The captivating Binance Smart Chain (BSC) Network has morphed into a powerful force within the blockchain ecosystem, offering various benefits and opportunities for users and developers alike. Introduced by Binance, a top player in the global cryptocurrency exchange realm, BSC provides a robust and efficient infrastructure for decentralized applications (dApps) and digital asset transactions. The…
The controversial Arthur Hayes asks a burning question in his latest blog post. Is the PoS Ethereum prone to centralization? The former BitMEX CEO compares it to the Binance Smart Chain, that’s famously and admittedly centralized. Arthur Hayes also describes how the validator’s disagreements with the majority are going to go, and predicts disaster for…