Category Archives: BSC Learn

What is a Crypto Index Fund — a Crypto ETF?

Investing in Crypto ETFs has advantages, but there are also downsides to be aware of. SEC approves, Finally!  On October 15, the world woke up to the news that the United States Securities and Exchange Commission (SEC) has finally approved Bitcoin Exchange Traded Funds (ETFs) for the American financial market. On the strength of that news, the price[Read more…]

How to Bridge Cryptocurrencies Across DeFi Networks Using AllBridge

The importance of bridges continues to grow. Here’s a simple guide on how to use the Allbridge platform. Crypto Movement Tutorial: AllBridge AllBridge offers a simple and effective route of moving your assets from one chain to another.  Allbridge supports cross-chain transactions between Ethereum, Binance Smart Chain, Polygon, Solana, Avalanche, Huboi Eco Chain, and Celo.[Read more…]

What are Cross-Chain Cryptocurrency Bridges in DeFi

We’ll be looking at precisely what a bridge is used for in DeFi, before diving into several examples. Read on for how to bridge Ethereum and Binance Smart Chain assets. Bridging Your Assets A blockchain bridge forms a link that allows tokens and/or arbitrary data to travel from one chain to another.  Though different chains[Read more…]

How to Use Binance Bridge to Move Cryptocurrency From Other DeFi Blockchains

BSC News takes a closer look at how you can utilize Binance Bridge to move your crypto assets with ease. Bridging Assets A cryptocurrency bridge, much like in the traditional sense, allows users to move from one point to another. In this case, we are, of course, referring to the movement of crypto assets to[Read more…]

Beginner’s Guide to Crypto User’s Apps and Tools

The onboarding process to crypto can seem daunting. We’ve got a primer on common apps and software to help understand and read the room. New Industry, New Lingo One of the intimidating factors to learning anything new is the new words and jargon associated with entering and engaging a new industry. The learning curve of[Read more…]

MOBOX Play to Earn Game, BlockBrawler, Proves Difficult but Rewarding

Co-Founder of DeFi Direct, GoonTrades, spent a week on MoBox’s GameFi platform, BlockBrawler, just coming short of MBOX rewards. MoBox’s Play-to-Earn & GameFi Platform BlockBrawler‍ I am now one full season into the MOBOX Block Brawler game. After a week of gameplay in our Traders to Gamers series, I have earned $4.05. With around 10 hours of gameplay and[Read more…]

How Does a Cryptocurrency Airdrop Work?

Airdrops can be a rewarding source of passive income. Don’t ignore them when you see them. Airdrops? What Are They? Airdrops refer to the practice of distributing crypto tokens to many wallet addresses. The owners of these wallet addresses may receive those tokens for free or in return for performing very simple tasks. Airdrops are[Read more…]

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…]

Cryptonomics: How to Protect from Phishing Scams

Members of the crypto community can easily fall victim to scams and lose their assets by interacting with scam airdrop tokens. What is an Airdrop?  Crypto airdrops refer to tokens distributed to selected wallet addresses normally for free. They are routinely used by blockchain projects to create awareness or to reward members of their communities.[Read more…]