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BNB Chain back online after devs deploy update to save funds

Through quick identification and cooperation of network validators, most funds were saved in last week’s BNB Chain exploit. The BNB Chain, the blockchain operated by the world’s largest crypto exchange, Binance Global Inc., resumed operation at roughly 2:30 p.m. Hong Kong time on Friday after developers deployed a software update to close the exploit used to drain[Read more…]

Binance comes out swinging as report links it to money laundering

Top blockchain and crypto news: Binance BNB slips amid allegations. STEPN marches through attacks. Is China’s slowdown straining crypto prices? In this issue Binance: Money-laundering mudfest STEPN: Sole survivor Crypto markets: China crisis From the Editor’s Desk Dear Reader, It’s said that sharks can smell blood from a quarter of a mile away. So too[Read more…]

Binance claps back at Reuters money laundering allegations

Binance has fought back on a Reuters investigation that accused the crypto exchange of serving as a conduit for at least US$2.3 billion worth of illicit funds, calling the report a “breathless pearl clutching” piece. See related article: SEC probes Binance’s BNB for initial coin offering in 2017: report Fast facts “We’re aware of Angus[Read more…]

BNB Chain teases out roadmap to boost decentralization, support dApps

BNB Chain’s roadmap for the year will prioritize faster transactions and enhanced support for decentralized applications (dApps), the world’s largest cryptocurrency exchange by volume said. See related article: Binance rebrands blockchains for metaverse, DeFi expansions Fast facts In its 2022 technical roadmap released Tuesday, BNB Chain said it is working to offer end users more[Read more…]