Binance has previously undercollateralized its stablecoin, BUSD, on its own blockchain, according to on-chain data revealing that the wallet backing the BUSD bridged from Ethereum’s blockchain onto Binance’s blockchain did not consistently equal one dollar’s worth of assets for each Binance-pegged BUSD. Investigative reporter Jonathan Reiter of Data Finnovation collaborated with Patrick Tan of Novum Alpha to initially publicize the shortfall. Reiter has published five scholarly articles[Read more…]
Category Archives: BSC News
06
Jan
Jan
Binance, in an announcement on 4 January, stated that they would launch a new Initial Game Offering to announce a new NFT project. Some users would also be rewarded with NFT collections and rewards through this event. BNB traders remained uninterested However, despite Binance’s efforts to raise enthusiasm for its NFTs, popular NFT collections on the BNB chain, such[Read more…]
06
Jan
Jan
2022 was a disastrous year for the crypto market, also considered to be the worst year for cryptocurrencies. There were major collapses, the last being the implosion of once leading exchange FTX. This was followed by the arrest of a crypto billionaire, Sam Bankman-Fried. The market has been sluggish since then and is finding it[Read more…]
06
Jan
Jan
Check out these five ways to invest and five other ways to pay in bitcoin in 2022. The ongoing bear run in crypto is making many people reconsider their Bitcoin-buying decisions. But as any seasoned investor will tell you, the utility of Bitcoin trumps these short-term ebbs and flows. The price of Bitcoin at the[Read more…]
06
Jan
Jan
GMX users have a chance to work with BNB Chain and receive support for deployment on the most active blockchain around. GMX Proposal for BNB Chain A BNB Chain supporter submitted a proposal to the GMX governance platform to deploy GMX on BNB Chain. The proposal, submitted by the account AdamBNB on January 5, goes through the technical background[Read more…]
BSC News
Binance Becomes Member of Association of Certified Sanctions Specialists to Help Global Compliance
06
Jan
Jan
The move helps to increase the knowledge and standard of compliance team members at Binance. Binance Grows Global Compliance Role Binance is confirmed to be joining the Association of Certified Sanctions Specialists (ACSS), bringing together the world’s largest crypto exchange with the consortium of global compliance professionals. Binance will move to an active role in[Read more…]
06
Jan
Jan
Staking provides many benefits and actively affirms that Web3 deserves a secure, scalable, decentralized future. Why Stake on Core DAO? With mainnet launch imminent, the Core DAO team has published the importance of staking as a clear way of supporting the protocol’s aspirations in creating the first chain powered by the Satoshi Plus ecosystem. Core[Read more…]
06
Jan
Jan
DefiLlama launched a meta DEX aggregator called LlamaSwap that has quickly become a popular option for traders seeking the best rates and lowest gas fees. DefiLlama DEX Aggregator (Aggregator) LlamaSwap, a new meta Decentralized Exchange (DEX) aggregator from DefiLlama, has quickly taken the top position among 0x Integrated Apps, surpassing swaps from big names like Matcha, Coinbase, and MetaMask.[Read more…]
06
Jan
Jan
PancakeSwap is now the dominant DEX on both BNB Chain and Aptos. The community is voting now to continue the $CAKE protocol’s multichain deployment. 99% of Users Say ‘Aye’ to Aptos PancakeSwap quickly rose to become the top DEX on Aptos blockchain, and it appears the $CAKE-loving community is overwhelmingly in favor of continuing this multichain endeavor.[Read more…]
06
Jan
Jan
The BONK team burned their token allocation, amounting to 5% of the total supply. Meanwhile, the Solana dog memecoin’s price has dropped siginificantly. Can BONK Achieve Sustainability? Live by the memecoin, die by the memecoin. It’s not time to write off the Bonk token yet, though, as the entire Solana community seems to have rallied[Read more…]
