Binance Smart Chain News

Binance Coin (BNB) price has suffered a harsh reversal this week as sentiment in the crypto and stock industries worsened. The BNB token dipped to a low of $600 on Tuesday, down from an all-time high of $724. Binance Coin…

A cohort of former United States federal prosecutors and agents have urged the U.S. Department of State to intervene in efforts to help free Tigran Gambaryan, the head of financial crimes and compliance at Binance. Gambaryan is currently in custody…

With most smart contracts no longer deployed on Ethereum, analysts expect the Dencun upgrade to further boost this trend as layer-2 solutions improve. Ethereum is quickly losing its status as the top hub for deploying smart contracts amid growing competition…

The Uranium Finance attacker has transferred 2.5 million BUSD from the BNB chain to Ethereum (ETH) using Li.fi. On Jan. 22, On-chain analytics platform PeckShield Alert reported the transfer of 2.5 million BUSD from the BNB Chain to Ethereum, leveraging…

In a Nov. 20 post on X, Coingecko, a leading cryptocurrency data aggregator reports Ethereum, Tron and Binance Smart Chain make up a total of 92.5% of total value locked (TVL) of the top Layer-1 blockchains.

Lucky Star Currency (LSC), a newly launched token on the Binance Smart Chain (BSC), has rugpulled its users of $1.11 million. Its value crashed by 97%. AegisWeb3, a security protocol developed by blockchain security firm PeckShield, called attention to the…

LevelFinance (LVL), a Binance Smart Chain (BSC)-based decentralized exchange, has been exploited for $1 million. The hacker targeted a LevelFinance Referral Controller Contract vulnerability to orchestrate the heist. Level Finance (LVL), a Binance Smart Chain (BSC) powered decentralized finance (DeFi)…

OceanLife (OLIFE) has reportedly suffered a severe exploit, losing 100% of its value. The team is yet to release an official statement on the incident. OLIFE, the native cryptocurrency of OceanLife, a BEP20 charity token on the Binance Smart Chain…

a16z, a venture capital firm, has voiced opposition to the launch of Uniswap v3 on the Binance Smart Chain (BSC). The startup has raised concerns emerging in the ongoing debate in the DeFi community about the trade-offs between efficiency, security,…

DeFi TVL plunged by 78% from it's all-time high of $181.2 billion while BSC TVL dropped to 19-month lows.

Open-source, decentralized blockchain network, Harmony, has officially upgraded its LayerZero bridge. The blockchain network was announced on Friday, 25th November 2022. The upgrade was issued to allow the LayerZero bridge to create links to seven tokens bridged to the Binance…

Following an attempt on its cross-chain bridge, Binance has announced the suspension of the Binance Smart Chain (BSC).

Ankr (ANKR) has revealed that its first set of open-source performance improvement operations on Binance’s BNB Chain in the fall of 2021 had an enormous impact on the blockchain network, much higher than the initial expectations of both parties. Ankr…

DeFi platforms have had their share of volatility in recent weeks. As a result, many of its assets have been absorbed into valueless prices. Ethereum, Solana, and Binance Chain have experienced a tank in total value locked to the lowest…

Since then, it has conquered the crypto market, outshining its predecessors to claim the highest rank as arguably the best crypto exchange globally. The exchange has many features, including the BNB coin, Binance chain, and the Binance Smart Chain (BSC) network.

BNB Chain is set to burn 1,839,786.26 BNB tokens worth $741,840,738. The network is awaiting the execution of the transaction which will permanently remove the coins from circulation at the time of filing this report. 1.8 Million BNB Removed from…