Author Archives: BSCN NEWS REPORTS

Establishment and Purpose HKVAEX, the cryptocurrency derivatives exchange, was reported to be established by Binance. According to sources close to HKVAEX, the company was created by Binance in December 2022 with the purpose of obtaining a crypto license in Hong Kong. While HKVAEX operates as a separate company under BX Services Limited, it shares resources[Read more…]

Background of Binance and HKVAEX Partnership On October 25, the South China Morning Post reported a significant development in the cryptocurrency industry. HKVAEX, a cryptocurrency derivatives trading platform in Hong Kong, has taken steps to acquire a license in the region, with notable backing from Binance. According to insiders close to HKVAEX, the platform, established[Read more…]

Unlocking the Future of Finance: Tomwere Protocol Emerges as a Pioneer in Web 3.0 DeFi Solutions In a rapidly evolving world of decentralized finance, a groundbreaking protocol has emerged – Tomwere Protocol. Web 3.0 DeFi enthusiasts now have a compelling solution to look forward to, as Tomwere Protocol announces its cutting-edge dapp and wallet designed[Read more…]

Introduction Binance Labs, the venture capital and incubation center of Binance, is renowned for listing the projects in its portfolio on its exchange platform. Cryptocurrency analysis company Layergg has conducted an in-depth analysis, revealing that out of the 135 projects previously announced as Binance Labs investments, 29 have successfully made it to Binance’s listing. This[Read more…]

Table Of Contents Everlodge (ELDG) Projected To Become A Crypto Unicorn There are over 25,000 crypto projects, but only a small percentage have attained unicorn status. Only innovative and disruptive projects have managed this milestone, but Everlodge has been projected to join them. This is because Everlodge is building a disruptive property marketplace for the[Read more…]

The Crypto Market Landscape The crypto market is buzzing with developments from established players like Binance Coin (BNB) and Dogecoin (DOGE). Still, it’s VC Spectra’s (SPCT) remarkable ascent that’s stealing the spotlight. While BNB launches its Mainnet and DOGE holders navigate market fluctuations, VC Spectra’s significant profitability surge dominates crypto discussions. Summary Binance Coin (BNB)[Read more…]

Thena is a decentralized exchange that employs the automated market maker (AMM) model and is built on the BNB Chain. Its primary objective is to provide liquidity for the entire BNB Chain ecosystem. Although the Mainnet of Thena was only launched on January 5, 2023, the total value locked (TVL) has already surpassed 100 million[Read more…]

Binance’s Recovery Fund Struggle Binance Coin (BNB) holders were disappointed to learn that Binance’s Industry Recovery Initiative (IRI), meant to boost the crypto market recovery, has not been fully utilized. Despite having a $1 billion fund, only $15 million has been spent, leaving investors concerned. Since October began, BNB struggled to recover, remaining below $220[Read more…]

Introduction Thena is a decentralized exchange that employs the automated market maker (AMM) model and is built on the BNB Chain. Its primary objective is to provide liquidity for the entire BNB Chain ecosystem. Although the Mainnet of Thena was only launched on January 5, 2023, the total value locked (TVL) has already surpassed 100[Read more…]

Binance’s Recovery Fund Struggles Binance Coin (BNB) holders were disappointed to learn that Binance’s Industry Recovery Initiative (IRI), meant to boost the crypto market recovery, has not been fully utilized. Despite having a $1 billion fund, only $15 million has been spent, leaving investors concerned. Since October began, BNB struggled to recover, remaining below $220[Read more…]