The success of the fundraising effort helps detail the influx of traditional finance backing into the crypto landscape. A Successful Venture The firm responsible for the $22 billion stablecoin, USDC, completed $440 Million in private investment financing. Five of the nine largest Decentralized Finance (DeFi) investments in history have occurred so far in 2021. The funds for Circle[Read more…]
Author Archives: BSC NEWS
BSC News, BSC Projects
ApeSwap Calls For Binance Listing After Continued Success, Focusing On NFTs And User Safety
31
May
May
After a successful launch, the Binance Smart Chain exchange is asking Binance to list their product on their massive exchange. Introduction According to the latest ranking by Coinmarketcap at the time of writing, Binance is the world’s top-ranked crypto exchange. In terms of daily trade volume, liquidity, and number of unique visits, Binance leads other exchanges with[Read more…]
31
May
May
Flash loan attacks are a tool to exploit multiple platforms on the Binance Smart Chain. The latest exploit on Belt Finance has left many questioning if the DeFi space is really safe. Attack on Belt Finance With recent exploits still on people’s minds, Belt Finance became the latest casualty of flash loan attacks on the Binance Smart[Read more…]
31
May
May
The popular lending platform on the Binance Smart Chain (BSC) has seen a tremendous dip after concerns of manipulation spooked investors. The Post-Mortem Venus Protocol (XVS), a popular lending platform on the Binance Smart Chain, suffered massive liquidations as a result of its volatile price swings on May 18, 2021. On May 31, 2021, post-mortem of[Read more…]
31
May
May
The platform introduced methods to protect their protocol from attack after announcing their inability to separate from flash loans entirely. Fear of the Flash Loan Over the last couple of weeks, flash loan attacks have been occurring at a frequent pace. The flash loan attack against PancakeBunny resulted in a 97% correction in price following the attack. With more[Read more…]
BSC News, BSC Projects
Non-Fungible Token Platforms $BAKE and $DEGO Rally Upwards of 30% Amongst Continued Innovation
31
May
May
Two NFT platform tokens – BakerySwap ($BAKE) and Dego Finance $DEGO – have continued to thrive amidst sustained innovations. $BAKE and the BakerySwap Platform BakerySwap has handled the NFT space pretty well, being initially and still an AMM and Dex protocol. The platform has dutifully metamorphosed into the top NFT minting hub on Binance Smart Chain (BSC). Its huge break is attributed[Read more…]
31
May
May
President Joe Biden released the 2022 fiscal budget plan, which amounts to the tune of $6 trillion, an amount set to increase to $8.2 trillion by the year 2031. Budget Breakdown President Biden released quite an ambitious budget plan which should take effect October 1 this year when/if the chamber of congress approves. The president wants[Read more…]
31
May
May
Blizzard Moneys’ SnowBank leverages new yield farming mechanics but it can be a bit complex. Introduction Blizzard Money is in the news once again. The fair launch yield farming and staking platform on Binance Smart Chain (BSC) has dropped some exciting information regarding its SnowBank. The update aims to ensure that users understand the mechanism behind SnowBank[Read more…]
31
May
May
The Binance Smart Chain project continues to add to their product, making them an intriguing platform for investors looking for a passive income token for their portfolio. Introducing MoonLift MoonLift, the passive income generator based on the Binance Smart Chain, has launched its native token $MLTP via PancakeSwap, with trading pools now available. The platform[Read more…]
BSC News, BSC Projects
Arbitrum Public Launch Nears, What Does Layer-2 Mean for Ethereum DeFi Protocols?
31
May
May
Arbitrum looks to significantly lower transaction costs and increases the speed of transactions across the entire Ethereum network. Scaling Ethereum During the crypto markets crash around mid-May, Ethereum transaction costs spiked to record highs. The gas prices reached as high as 1,500 gwei with DeFi users reporting Ethereum transactions costing upwards of $1,000. Gas refers to the fee that[Read more…]
