Terra Classic remains one of the most traded cryptos in the space as it attracted more than $450 million in volume in the last 24hrs. The news comes after Binance revealed its latest burn efforts saw nearly 3 billion LUNC permanently erased from the supply, equal to nearly $1 million. In late September, Binance CEO Changpeng Zhao revealed the world’s largest crypto exchange would honor a 1.
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The latest hack comes less than a week after BNB Chain lost $100 million….
Continue reading on https://decrypt.co/111727/solana-defi-trading-platform-mango-markets-loses-100m-in-hack
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Changpeng ‘CZ’ Zhao, the outspoken CEO of major exchange Binance, has announced his company is planning to allocate more than $1 billion to acquisitions and investments in 2022. Binance’s top project in this field is providing $500 million in financing for Elon Musk’s planned takeover of the social media platform Twitter….
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USDC has lost 12% from its market cap since Binance announced last month that it would auto-convert exchange balances to its own BUSD stablecoin….
Continue reading on https://decrypt.co/111603/circle-usdc-stablecoin-lost-all-post-terra-gains
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BNB Chain, the native blockchain behind the Binance crypto exchange, has come back online after being suspended due to an exploit that drained around $600 million in crypto assets. On October 6, Binance announced the suspension of deposits and withdrawals from its BNB chain after it identified that a hacker transferred approximately 2 million BNB tokens, worth around $590 million, to a now-blacklisted wallet….
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Gwendolyn Regina is Investment Director at BNB Chain, the blockchain developed by major crypto exchange Binance.__________ Blockchain sustainability has become essential. As the technology scales, new blockchains must be green. You might have heard the saying, “Bitcoin uses more electricity than Argentina," which is no longer true. Bitcoin miners are increasingly using renewable energy.
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Binance has been in the news recently for furthering their spree of acquiring licenses to operate in more jurisdictions, as the CEO Changpeng Zhao presses on with his mission to bring hundreds of millions of people into crypto within the next few years. … Read More: Binance Secures Crypto Services License in Kazakhstan…
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The original Terra chain’s Luna Classic (LUNC) token is getting attention again, helped by news that the crypto exchange Binance has implemented a new burn mechanism for it. The question now is how high can LUNC go after the next burn…. Read More: Terra Luna Classic Price Prediction – When is the Next Binance Token Burn?
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Major crypto exchange Binance has decided to temporarily freeze the activities of its blockchain, BNB Chain, after hackers exploited a bug to steal millions worth of crypto. “Due to irregular activity we’re temporarily pausing BSC,” BNB Chain said in a tweet, before announcing that Binance Smart Chain (BSC), one of BNB Chain’s elements, was suspended after a potential exploit was detected….
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Though the exploit resulted in 2 million BNB tokens nabbed, the network’s pause meant that attacker only made off with roughly $110 million….
Continue reading on https://decrypt.co/111448/bnb-chain-resumes-activity-2-million-token-exploit
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