Author Archives: BSCN NEWS REPORTS

Bitcoin’s Influence on Binance Coin (BNB) Bitcoin (BTC) recently made headlines as its value soared above $27,000, creating a ripple effect in the cryptocurrency market. Binance Coin (BNB) also experienced a 4% increase from its lowest point of $205, riding on the momentum generated by Bitcoin’s surge. Selling Pressure on BNB Despite these gains, BNB[Read more…]

Binance Completes 25th Quarterly BNB Token Burn Binance, the largest cryptocurrency exchange, announced in a recent post on X that it has successfully completed its twenty-fifth quarterly Binance Coin (BNB) burn. Approximately 2.14 million BNB tokens, valued at $453,506,792 and accounting for about 1.38% of the total supply, were burned in this process. Positive Impact[Read more…]

The Uranium Finance Hack: $3.1 Million Transfer The notorious address associated with the Uranium Finance hack of 2021 has once again made a significant financial move, transferring $3.1 million from the BNB Chain to the Ethereum (ETH) network. Peck Shield’s Alert and Subsequent Transactions Blockchain security company Peck Shield brought attention to the recent movement.[Read more…]

Binance CEO CZ Celebrates 25th Quarterly BNB Burn Binance CEO Changpeng “CZ” Zhao celebrated the 25th quarterly burn of 2.14 million BNB tokens worth $453 million with the crypto community. The burn took place on October 16, marking another significant milestone for the world’s largest crypto exchange, Binance. Binance Completes 25th Quarterly BNB Token Burn[Read more…]

Major Announcement: Binance’s 25th BNB Burn Major cryptocurrency exchange Binance has recently completed its 25th BNB burn, a significant event in the world of digital currencies. In this latest occurrence, a total of 2.13 million BNB tokens were burned, making waves in the cryptocurrency market. Details of the 25th BNB Burn Binance, the largest cryptocurrency[Read more…]

The Current State of the Cryptocurrency Market The cryptocurrency market has experienced a significant spike in trading volume, with a remarkable increase of 49.14% in the past 24 hours. Here’s a comprehensive overview of the latest price movements and market data: Cryptocurrency Market Statistics Major Cryptocurrencies Bitcoin (BTC) Ethereum (ETH) Other Notable Movements Top 5[Read more…]

Binance Launchpool Welcomes Neutron (NTRN) Binance has recently introduced Neutron (NTRN) to its esteemed Launchpool, marking the Thirty-Eighth project on the Binance platform. Neutron is set to revolutionize the decentralized finance (DeFi) landscape by offering a seamless platform for building cross-chain applications. Understanding Neutron (NTRN) Neutron, denoted as NTRN, is designed to simplify the process[Read more…]

BNB Price Faces Challenges BNB’s price is currently displaying several negative indicators as it remains below the $220 mark. On the weekly chart, a significant bearish trend line is taking shape, with resistance around $275. If the price manages to close below $200 by the end of the week, it may experience a substantial decline.[Read more…]

The BNB Chain and Binance Coin (BNB) The BNB Chain received significant updates, leading to a surge in interest for Binance Coin (BNB). The metrics behind the BNB Chain indicate massive usage, with 2.85 million daily transactions and 17.15 million weekly transactions. During the past week, BNB traded between $208.99 and $219.96, showing a 4.7%[Read more…]

Overview of the Attack A recent flash loan attack on the BNB Chain has set a historic record, marking the largest single arbitrage profit in the chain’s history, according to security experts. Exploiting Vulnerabilities The attacker targeted a price manipulation vulnerability on the BH token (BH) and managed to steal $1.27 million in USDT. Using[Read more…]