Binance Smart Chain Protocol Qubit Finance Hacked for $80M

Binance Smart Chain Protocol Qubit Finance Hacked for $80M

Key Takeaways A hacker has stolen 206,809 BNB worth $80 million from Qubit Finance. The hacker exploited a vulnerability on the protocol’s Ethereum bridge. The Qubit team has offered a bounty of... Read more »
Fantom is now the third largest DeFi chain by total value locked (TVL)

Fantom is now the third largest DeFi chain by total value locked (TVL)

Binance Smart Chain (BSC) is no longer a top 3 decentralized finance (DeFi) chain by total value locked. According to available data from DeFiLlama, that distinction now belongs to Fantom which experienced... Read more »
PeckShield Says It's Found 55 Rogue Projects on Binance Smart Chain

PeckShield Says It’s Found 55 Rogue Projects on Binance Smart Chain

Key Takeaways PeckShield has identified 55 “rug-potentials” on Binance Smart Chain. The security firm warned that the teams behind the listed tokens could mint unlimited tokens, blacklist accounts, and restrict users from... Read more »
Terra (LUNA) hits record $20B TVL, surpassing Binance Smart Chain

Terra (LUNA) hits record $20B TVL, surpassing Binance Smart Chain

Terra (LUNA), an open-source stablecoin network, hit an all-time high of $20.05 billion in total value locked, or TVL, across its 13 product offerings, according to industry data. On Dec. 1, Terra’s... Read more »
Bitmart hacked for $200M following Ethereum, Binance Smart Chain exploit

Bitmart hacked for $200M following Ethereum, Binance Smart Chain exploit

The $200 million Bitmart hack was first revealed by Peckshield, a blockchain security and data analytics company, who initially identified a transfer of roughly $100 million over the Ethereum blockchain. Further investigation... Read more »
BNB bulls rejoice as Binance Smart Chain activates automatic burning mechanism

BNB bulls rejoice as Binance Smart Chain activates automatic burning mechanism

Binance Smart Chain (BSC) has finally activated its BEP-95 upgrade which would lead to the phase out of the old manual burning method to an automatic burning mechanism. Though the burning mechanism... Read more »
American cinema chain AMC weighs Shiba Inu (SHIB) payments

American cinema chain AMC weighs Shiba Inu (SHIB) payments

There is no stopping to Shiba Inu continued popularity as one of the leading movie theatre chains in the United States, AMC Entertainment, has revealed that it working to accept the popular... Read more »
3 blockchain protocols taking the supply chain crisis head-on

3 blockchain protocols taking the supply chain crisis head-on

The world of blockchain technology has undergone a significant transformation over the past decade as the concept evolved from offering a simple means of exchange between two parties to a sprawling ecosystem... Read more »
Binance Smart Chain May Clone Ethereum's EIP-1559 Update

Binance Smart Chain May Clone Ethereum’s EIP-1559 Update

Key Takeaways Binance Smart Chain developers have proposed a new fee burning update called BEP-95. If implemented, the update will burn a portion of the transaction fees paid in BNB for all... Read more »
New bridge links Binance Smart Chain tokens and NFTs to Ethereum and Solana

New bridge links Binance Smart Chain tokens and NFTs to Ethereum and Solana

Wormhole, the interoperability procedure that assists in any kind of information to be passed in between various networks, revealed the addition of Binance Smart Chain (BSC) assistance to its currently existing ETH... Read more »