Author Archives: BSC NEWS

Cryptonomics: What is the Chainlink Verifiable Random Function (VRF) for DeFi

The secure solution allows smart contracts to create random numbers for numerous use cases on a blockchain. Number One Verifiable Source of Randomness? It isn’t easy to create randomness on blockchains. The reason for this difficulty is that each node must arrive at the same conclusion to form a consensus. Chainlink created a Verifiable Random Function (VRF)[Read more…]

EverRise Completes Bridge Between BSC, ETH, and Polygon

Innovative new smart contract idea highlights the new bridge made by the EverRise team. Three-Way Bridge EverRise has successfully started the implementation of their new decentralized Application (dApp), EverBridge. The bridge has launched on Ethereum as of October 5th and will finalize on Polygon on October 8th.  EverBridge will incorporate a new cross-chain smart contract strategy to facilitate[Read more…]

Hot Cross Debuts Multichain Bulk Sender For Whale Transactions

Wintermute also appears as the official market maker and liquidity manager for the cross-chain solution. CrossSend leaves Users Asking for More The multi-chain solution provider, HotCross, has now gone live with its CrossSend product that enables the use of multiple blockchains while sending cryptocurrency tokens in a batch/bulk.  The sender supports multiple blockchain networks, like Ethereum, Binance[Read more…]

Nigeria Clears the Way For eNaira Following Delay of its Central Bank Digital Currency

The ruling permits the Central Bank to go ahead with the launch of the eNaira, giving room for the petitioner to be compensated. Preliminary Victory The coast now seems clear for Nigeria to go ahead with its plan to launch the eNaira – Nigeria’s proposed Central Bank Digital Currency (CBDC). The launch of the eNaira, previously scheduled[Read more…]

Multi-Collateral Stablecoin $USDO Now Backed by Yield-Generating Assets

The process is an industry innovation by OpenDAO, giving even further utility to stablecoins through a unique minting scheme. Mint Your $USDO $USDO, the flagship stablecoin of OpenDAO, can now be minted by staking yield bearing assets as collateral on Binance Smart Chain.By generating yield on deposited assets, this makes it profitable for users to mint $USDO[Read more…]

PancakeSwap Seeks NFT Creators for New Marketplace

Creators can now begin applying for the marketplace with their own NFTs. An Opportunity for NFT Creators The most prominent decentralized application (dApp) on the Binance Smart Chain (BSC), PancakeSwap’s Non-fungible Token (NFT) marketplace, is now accepting applications from NFT creators to list their collections under phase 2 of the marketplace. In this phase of the NFT market, owners of the collections[Read more…]

Beefy Finance and Moonpot DO NOT Tease NFT Launch

A slew of playful tweets by Beefy Finance and Moonpot indicate the release of forthcoming NFTs. NFTs NOT in the Pipeline For days now, the team behind Beefy Finance and Moonpot have been utilizing social media to tease the release of exclusive Non-Fungible Tokens (NFTs). To get a better handle on this, BSC News spoke to the Head of Strategic Partnerships at Beefy[Read more…]

Binamon, Play-to-Earn, Launches On Android

After a long wait, the highly anticipated Binamon Mobile Application is finally here. However, the protocol has not disclosed its features. Ready For Take-Off Binamon looks set to take its GameFi platform to another level by launching its Android application. The protocol describes itself as a complete metaverse of digital monsters on Binance Smart Chain (BSC). The latest development is[Read more…]

HeroFi Announces Beta Whitelist for 10,000 Users

The new version would be exclusive to whitelisted users, and it promises lots of exciting features. HeroFi Schedules Date For Open Beta Version  HeroFi will launch an Open Beta version of its GameFi protocol with improved features. However, the Role Play Game (RPG) will limit the new version to whitelisted users.  HeroFi announced the Open Beta details on Twitter.[Read more…]

Brazil Prepares to Make Bitcoin a Legal Tender

Brazil looks to follow El Salvador as the second country to allow legal payments in bitcoin and cryptocurrency. From Real to Bitcoin Brazilians are on the verge of being able to use bitcoin to make everyday purchases. News emerged from Brasilia that the largest South American country has moved a ‘bitcoin’ law through its highest federal congressional[Read more…]