BNB Chain deployed 2,163 dApps, while Ethereum recorded 21.2 million NFT transactions during 2022. BNB Chain deployed the highest number of dApps throughout 2022 with 2,163 dApps, while Ethereum ranked first for amount of NFT transactions, according to a recent report by DappRadar. With 21.2 million transactions, Ethereum (ETH) became the busiest platform for NFT sales in[Read more…]
Author Archives: Cryptoslate
17
Jan
Jan
Binance reported that 2.05 million tokens were burnt through its auto-burn program — the Pioneer Burn Program accounting for 7,181 BNB. Binance burned 2.06 million of its BNB token — worth over $600 million — during the early hours of Jan. 17, according to a company statement. Binace said that the event was its 22nd BNB burn[Read more…]
14
Jan
Jan
YouTube influencer Logan Paul will create a refund plan for his troubled CryptoZoo NFT project, as announced in a Twitter video on Jan. 13. CryptoZoo will redeem user tokens In 2021, Paul and a larger team began to create CryptoZoo, a collectible NFT project on Binance Smart Chain. However, growing dissatisfaction with the project has led[Read more…]
10
Jan
Jan
Binance failed to follow its procedures for BUSD reserves between 2020 and 2021 since it didn’t keep enough reserves to support its BUSD stablecoin, according to a report by Bloomberg. The mismanagement led to Binance-peg BUSD being undercollateralized three times between 2020 and 2021, with collateral gaps exceeding $1 billion on each occasion, according to[Read more…]
10
Jan
Jan
Currently, Binance’s pegged BUSD is fully backed by the US dollar, and Paxos’s BUSD is unaffected, according to a Binance spokesperson. Binance failed to follow its procedures for BUSD reserves between 2020 and 2021 since it didn’t keep enough reserves to support its BUSD stablecoin, according to a report by Bloomberg. The mismanagement led to[Read more…]
09
Jan
Jan
The crypto sphere lost $3.78 billion to 303 blockchain-related security incidents in 2022, which is 61% less than the $9.80 billion recorded in 2021, according to a report by SlowMist. Even though the number of hacking incidents has been growing steadily since 2020, the total amount lost to these attacks was the smallest in 2022. The year[Read more…]
09
Jan
Jan
Around $12 billion in various crypto assets has been withdrawn from Binance since November. To Forbes, the massive outflow looks like a soft bank run. To the rest of the market, it just might be business as usual. Binance has experienced a significant outflow of assets in the past two months, a recent report from Forbes found. Forbes analysts[Read more…]
02
Jan
Jan
Logan Paul said Coffeezilla failed to reply to an invite to discuss CryptoZoo scam allegations. Coffeezilla said no contact details were provided. YouTuber turned crypto developer Logan Paul said he intends to respond to Coffeezilla on Jan. 2 over allegations the CryptoZoo project is a scam. Paul included a screengrab of a message sent to Coffeezilla, aka Stephen[Read more…]
30
Dec
Dec
BMW onboarded Coinweb in order to adopt a decentralized and efficient architecture and BNB chain to help settle its every transaction. Car manufacturer BMW integrated blockchain solutions through BNB Chain and Coinweb, a blockchain infrastructure firm, to automate its routine operations and provide its customers with blockchain loyalty programs in Thailand. BMW onboarded Coinweb to primarily avail[Read more…]
28
Dec
Dec
In 2022, Solana worked on improving security, mobile compatibility, and performance. In 2023, it looks to enable concurrent block production. For Solana (SOL), 2022 has been an especially tumultuous year. With revelations of the now defunct crypto exchange FTX’s insolvency in early November, SOL price cratered 55% during the month. As of press time, SOL was trading at $11.15,[Read more…]
