Author Archives: Coingape.com

This BNB Chain-based Wallet Swap Facility Hacked for More Than $1 Million…

As per details, the hack took pace on the BNB Chain with hackers stealing more than $1 million from BitKeep wallet swap facility. Earlier today, October 18, another wallet sway, BitKeep, became a victim of notorious hacks while losing more than $1 million. The BitKeep wallet was quick to inform all of its users. BitKeep[Read more…]

Binance Drops This BNB Token Data After Major BSC Hack

As per reports, most of the BNB remained in the hacker’s wallet address. However, around $100 million worth can into discovery. BNB token burn Binance released its 21st quarterly BNB token report just after the major hack. In the auto burn procedure, around 2.065 million BNB tokens have been sent to a dead wallet this quarter. The[Read more…]

Just-In: Binance Releases Urgent Patch For BNB Smart Chain After Hack

Binance developers released the temporary urgent patch v1.1.16 for BNB Smart Chain nodes on Tuesday. The patch fixes the cross-chain infrastructure between Beacon Chain and Smart Chain. The cross-chain communication between both chains was disabled after the $100 million cross-chain bridge BSC Token Hub exploit. Binance Releases Patch to Re-Enable BNB Cross-Chain Services Binance developers in[Read more…]

Bitcoin, Ethereum, Cardano Plummet, Why Is Crypto Crashing Today

The crypto market is crashing hard. Bitcoin price has fallen by close to 6% in the last 24 hours. It is currently trading at $18,826. Meanwhile, despite the Bellatrix upgrade, Ethereum is showing extremely bearish movement. ETH has fallen over 7% in the last 24 hours and is currently trading at $1,531. The entire cryptocurrency market is[Read more…]

Breaking: Binance Announces LUNC, USTC Deposit And Withdrawal Changes

The world’s largest crypto exchange Binance on Friday said the deposits and withdrawals of Terra Classic (LUNC) and TerraClassicUSD (USTC) will be suspended from September 7 at 00.00 UTC due to the closure of the Shuttle Bridge. However, users can continue to deposit and withdraw LUNC and USTC tokens through the Terra Classic network. LUNC and[Read more…]

After Twitter and Instagram, Is Web 3.0 Plagued By Bots?

Twitter and Instagram are not the only companies plagued by bots. A report highlights that 40% of the activity on crypto platforms is derived from bots. The report analyzed over 60 platforms and games and found over 200,000 crypto bots.  Jigger, a crypto company that deals with bots in Web 3.0 games, performed the analysis. Web 3.0[Read more…]

PancakeSwap (CAKE) Soars 10% After Binance’s Strategic Investment

The world’s largest crypto exchange Binance on Monday said its venture arm Binance Labs has made a strategic investment in PancakeSwap’s governance and utility token CAKE. Binance Labs envisions leading the next wave of global blockchain adoption by providing technology development, marketing and community support, and Web3 solutions. As a result of Binance Labs’ investment,[Read more…]

Binance Courts Philippine License, To Target Southeast Asia

The world’s largest crypto exchange Binance is currently seeking the Virtual Asset Service Provider (VASP) and Electronic Money Issuer (EMI) licenses in the Philippines. Binance CEO “CZ” met with Philippine officials to discuss regulatory and banking support for expansion in the country. Binance is currently leading blockchain and crypto projects in Southeast Asia to increase[Read more…]

BNB Price Analysis: BNB Price Nearing $260 Yearly Support; Another Breakdown?

The Binance(BNB) relief rally turned down from the $330 resistance, indicating the prevailing downtrend’s resumption. Thus, the resulting downfall tumbled the altcoin price by 15% as it continued to crawl towards the yearly support of $260.  Key points The 20-day EMA provides constant resistance to the BNB price. The vortex indicator reflects a bearish crossover[Read more…]

After Stablecoins, Is It The Turn Of Exchange Tokens?

The ongoing SEC probe on Binance’s BNB token could pave way for a larger regulatory move going forward. Last month, the catastrophic meltdown of the Terra network meant an ever growing regulatory pressure on the stablecoin market as a whole. The Securities and Exchange Commission (SEC) is inquiring if Binance’s initial coin offering (ICO) broke[Read more…]