If Game of Thrones had the Red Wedding, May 2021 should go down in BSC history as the Red Month. The entire crypto space has been shaken to it’s core, with most coins and tokens trading at less than 50% of it’s ATH as investors flee to sell into stablecoins in order to weather the[Read more…]
Category Archives: BSC Projects
29
May
May
Recent exploits and a market-wide pullback resulted in a stark correction on Binance Smart Chain; bEarn.Fi has not been an exception but continues to build despite the turbulence. bEarn Continues Building! As a follow-up to the assurance of its code exploits victims, which resulted in the loss of ~$11 million, bEarn has released the compensation plan. In[Read more…]
BSC News, BSC Projects
PancakeBunny Team Remains Vigilant After Flash Loan Attack, Introducing Bunny Pots
29
May
May
Following a recent flash loan attack against their platform which sank their token price by 97%, the protocol unveiled Bunny Pots as a tool to prevent further exploits. The PancakeBunny Flashloan Attack On May 19th, PancakeBunny released a tweet telling their community that a flash loan attack had hit their protocol. The effect of the attack corrected the PancakeBunny[Read more…]
BSC News, BSC Projects
DEGO Finance Announces Onion Mixer INO Following DEGO x Onion Mixer Partnership
29
May
May
The partnership will give DEGO more leverage and tools to extend the utility of non-fungible tokens (NFT). Onion Mixer INO Will Go Live Soon As a result of DEGO’s partnership with Onion, DEGO Finance has scheduled an Initial Non-fungible Contract (INO) offer on its platform for Onion Mixer. In an earlier article, we explained what a non-fungible contract[Read more…]
BSC News, BSC Projects
Polygon (MATIC) Continues Exponential Growth, Beefy and AutoFarm Take Advantage of User Base
29
May
May
Many protocols have added support for the Ethereum-based network amidst its rich offerings, the latest being Beefy and AutoFarm. Introduction Recently, Beefy and AutoFarm added support for Polygon, formerly known as MATIC. Undoubtedly, this was due to the large number of users on the Polygon network. Since then, there have been some brilliant developments on both protocols. For Beefy,[Read more…]
29
May
May
DxSale launches new token DxMint among other important updates in their May Update report. Building for Success On May 27th, DxSale released their May update, including some exciting news of their new token, DxMint. DxSale, to provide a quick overview, is an ecosystem aimed to allow users to create their own utility tokens all through one dAapp. The[Read more…]
29
May
May
Five individuals now face the wrath of the Securities and Exchange Commission (SEC) by promoting digital asset securities without a license. Non-Compliance to Securities Law The suit was filed in the U.S. District Court of the Southern District of New York. BitConnect managed to raise more than $2 billion from retail investors without complying with[Read more…]
28
May
May
nspired by the cute 8bit dino running every time browsers lose Internet connection, a development team of all girls introduces a DeFi project called Dino Runner Fan Token ($DRFT). Introduction The first DeFi token founded and deployed by a team of girls, Dino Running starts to get its attention not only for the founders but[Read more…]
28
May
May
Another two platforms on Binance Smart Chain have been hit with flash loan attacks. Two BSC’s earliest Dexs were the targets. BurgerSwap reported that it was hit with a $7.2 million exploit at around 3am on Friday, while JulSwap says it was exploited in a similar manner. Both protocols are now faced with the prospect of trying to[Read more…]
28
May
May
The reduction in the emission rate of WEX is expected to enhance the long-term sustainability of the token’s value. Introduction From a very modest beginning in early 2021 with a starting market capitalisation of only $150,000, the all-in-one hub for decentralized financial (DeFi) services Wault Finance has gradually established itself in the sector. On May 11, the[Read more…]
