In recent times, the cryptocurrency market has been beset by volatility, providing a fascinating, yet unpredictable, landscape for those involved. One such crypto that has been making waves recently is the Binance Coin (BNB). Im going to delve into why BNB price is up today and what the future could potentially hold for this cryptocurrency heavyweight.

Binance Coins notable price surge can largely be attributed to a few factors. Firstly, Binance is one of the worlds leading cryptocurrency exchanges, and this naturally contributes to the popularity of its native token, BNB. Theres always an inherent interest in native tokens of top exchanges, and BNB is not an exception to this phenomenon.

Another major factor is the Binance Smart Chain. Binance Smart Chain is an independent blockchain that runs parallel to the Binance Chain and extends its functionality to enable the execution of smart contracts and the staking mechanism for BNB. This has contributed significantly to the BNBs value by increasing its functionality and use cases.

To make an objective prediction for BNBs future, one should examine market trends and speak to experts. That said, its important to remember that even the most careful analysis cant produce absolute certainty in such a volatile market. Based on available information, however, BNB has experienced consistent growth since its inception in 2017, which could suggest a positive future trajectory.

As we all know, the value of crypto does not rest solely on its market price. Its utility plays an equally crucial role. In terms of utility, BNB seems poised for continued success. The Binance Smart Chains increased functionality gives developers an attractive base for new decentralized applications (dApps), a factor that could further drive the popularity and therefore value of BNB.

In the end, the cryptocurrency market is an ever-evolving landscape, colored by sporadic ups and downs. A close eye should be kept on trends and developments, such as those related to Binance Coin. Remember that critical thinking and risk management should always be at the forefront of investment decisions. At the same time, never dismiss the value of information and market analysis. The future is unpredictable but understanding trends and factors can help us navigate through the intriguing world of cryptocurrencies.

Jake Morrison is an insightful cryptocurrency journalist and analyst, renowned for his deep understanding of the volatile and fascinating world of digital currencies. At 30 years old, Jake combines a background in Computer Science, with a degree from a reputable tech college, and a passion for decentralized finance, making him a prominent figure in the crypto journalism landscape.

Starting his career as a software developer with a focus on blockchain technologies, Jake quickly realized that his true calling lay in educating others about the potential and pitfalls of cryptocurrencies. Transitioning to journalism, he now serves as a leading voice for a major online financial news platform, specializing in the crypto category.

Jakes articles are a blend of technical analysis, market predictions, and feature stories on the latest in blockchain innovation. He has a talent for breaking down complex crypto concepts into understandable terms, making his writing accessible to both seasoned traders and crypto novices alike. His coverage spans a wide range, from Bitcoin and Ethereum to lesser-known altcoins, as well as the evolving regulatory landscape surrounding digital currencies.

What sets Jake apart is his critical approach to the hype that often surrounds the crypto space. He emphasizes the importance of due diligence and risk management, providing his readers with the tools they need to navigate the market intelligently. His investigative pieces on crypto scams and security breaches have been instrumental in raising awareness about the importance of security in digital asset investments.

Beyond his writing, Jake is an active participant in crypto conferences and online forums, where he shares his expertise and engages with the community. He also hosts a popular podcast that delves into the latest crypto trends, featuring interviews with leading figures in the blockchain space.

Jakes commitment to transparency and education in the cryptocurrency world has made him a trusted source of information and analysis. Through his work, he aims to foster a more informed and cautious approach to cryptocurrency investment, contributing to the maturity of the space.

Original post:

Exploring the rise of Binance Coin: factors behind its surging value and future prospects - The National - The National

[PRESS RELEASE Monaco City, Monaco, June 10th, 2024]

Memereum, a groundbreaking Binance Smart Chain token, is excited to highlight the success of its ongoing presale for its innovative services.

Memereum is designed to offer the first blockchain-based insurance, positioning itself as a potential next 100x crypto investment opportunity due to its robust technology backbone. With over 21 million tokens already sold, the Memereum team is optimistic about Memereums growth potential.

Key Features and Benefits

Memereums blockchain insurance solution and unique offerings distinguish it in the market. For detailed information on key features and benefits, users can visit Memereums website.

Presale Performance

The Memereum team is optimistic about the potential for Memereum to achieve a high return on investment, driven by strong fundamentals, innovative technology, and growing market demand for secure and scalable blockchain solutions. The team sees the sale of over 21 million tokens as a reflection of the strong interest and confidence from Memereums community.

Users can join Memereums presale here.

We are thrilled to highlight the ongoing success of the Memereum presale, which has attracted significant interest from investors worldwide. Our team has developed a product that not only enhances security but also offers extensive utility for various blockchain applications, said Oliver Sanchez, CEO of Memereum. With over 21 million tokens already sold, the presale presents a unique opportunity for early investors to potentially realize significant returns. We are confident in Memereums ability to drive innovation in the cryptocurrency space.

Memereum is a groundbreaking Binance Smart Chain token at the forefront of blockchain technology, dedicated to developing innovative solutions that harness the power of blockchain to solve real-world problems. With a team of experienced professionals and a commitment to excellence, Memereum aims to lead the way in the cryptocurrency and blockchain industry.

MemeSwap First Decentralized Exchange with Insurance Coverage

In addition to its groundbreaking blockchain insurance cryptocurrency, Memereum introduces MemeSwap, the first decentralized exchange with automatic insurance coverage. MemeSwap offers users added security and confidence in their transactions, further enhancing the Memereum ecosystem.

For more information, users can visit Memereums website.

LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!

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Memereum Surpasses 21 Million Tokens Sold in Presale, Pioneers Blockchain-Based Insurance on Binance Smart ... - CryptoPotato

BNB price is on the cusp of breaking above $700, printing new all-time highs. Binance launchpools, analysts claim, are behind the rise of the Binance Smart Chain heres whats going on.

Bitcoin, Ethereum, and Solana have dominated headlines primarily because of their impressive performance.

The launch of spot Bitcoin ETFs drove most altcoins to all-time highs, and Binance Coin (BNB) benefited. However, after that, attention fizzled as analysts focused on ETH and SOL.

This is fast changing, and in the top 5, BNB has been overly resilient despite the drama surrounding Binance and its executives, mostly the resignation of Changpeng Zhao, the founder, back in November 2023.

There are many metrics to measure this impressive performance, but analysts often choose to look at price.

As Artemis data shared by one analyst reveals, BNB has undoubtedly been one of the top performers this year despite on-chain activity dropping.

(Artemis)

To put this into perspective, BNB is now the fourth most valuable coin after BTC, ETH, and USDT, commanding a market cap of over $93 billion.

Over the last year alone, analysts note that BNB has spiked by over 180%, rising from around $250 to over $625. If anything, the coin is at the cusp of breaking all-time highs at spot rates, highlighting just how resilient and rewarding for HODLers BNB has been.

In a post on X, one analyst said the spike in valuation is due to a surge in retail demand stemming from Binances popular offerings like Launchpools.

Launchpools are a kind of fundraising where Binance vets and allows Binance Smart Chain projects to raise capital from its user base. However, there is a catch: interested investors must hold BNB to have exclusive access to these token offerings.

Since BNB is at the backbone of the broader Binance ecosystem, including in the exchange and the BNB Chain, its utility further bolsters prices.

DISCOVER: What Are The Best Penny Crypto to Buy in June 2024

At current price levels, BNB is tantalizingly close to breaching 2021 highs of $700. The coin is on the cusp of breaking above the rising wedge, the bull flag. It is diverging from the middle BB, which points to high volatility.

(BNBUSDT)

Notably, BNB is pushing higher in early June after over five weeks of sideways movement, mirroring the general performance seen in Bitcoin and Ethereum.

That BNB is shaking off FUD, especially in H2 2023, following the arrest and subsequent imprisonment of Zhao, coupled with the success of Launchpool offerings, investors continue to bank heavily on even more gains in the days and weeks ahead.

Nonetheless, going forward, the upcoming Markets in Crypto Assets (MiCA) regulations in Europe pose a potential challenge, especially to Launchpool investors.

While Binance has assured users that they wont delist unauthorized stablecoins from spot trading, European clients will have restricted access to Binance products, mostly Launchpool and Earn.

Explore: Notcoin Price Explodes 227% Dominates the Market And This Learn-2-Earn Gem is Next To Skyrocket

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Read more from the original source:

Is BNB Price Move To $1,000 Programmed? Bulls Pumping On Binance Launchpool Success - 99Bitcoins

The recent surge in Binance coin price has propelled it to its highest level in history. This price of the native asset of the Binance ecosystem has exceeded its 2021 peak and is now aiming for further highs. The bullish Bitcoin price action is favoring the investor sentiment around BNB and other altcoins.

On Thursday, BTC is changing hands above the $71,000 level but the traders remain cautious due to the likelihood of another rejection from the key level. As a result, most altcoins are trading sideways with a few coins like BRETT, STX, MNT and SUI outperforming the broader market in the last 24 hours.

Despite a strong surge in the BNB price, the total locked value (TVL) on Binance Smart Chain (BSC) remains far below its all-time high. According to the latest data from DeFi Llama, the network TVL currently stands at $5.84 billion. This is 6.5% down from the yearly peak and a 71.7% decline from its 2021 all-time high.

This suggests that the ongoing rally in Binance coin price is not supported by a similar growth in the network adoption. Another cause of concern is that the recent surge in the exchange coin is not backed by strong trading volume.

On April 30, Binance founder and ex-CEO, Chengpeng Zhao (CZ) was sentenced to four months in prison by a US federal judge. The billionaire founder of the biggest US exchange reported to a federal prison in California earlier this week to start this sentence.

For a better understanding of the BNB/USD price action, lets analyze its chart on the weekly timeframe. The following chart tells us that since its bottom in Jun 2022, the price has soared 283%. The chart also reveals a major supply zone above $670 which is acting as a resistance.

For Binance coin price prediction to flip bullish, this supply zone must be turned into a demand zone. Although the price is currently trading above this level, this weeks candle closure will be very critical. In case of a closure above $700, the immediate bullish target can be $737. However, if Bitcoin puts a new high, an extended rally toward $969 is also on the cards.

This bullish target comes from the 1.618 fib retracement level when connecting the November 2021 peak to the June 2022 low.

Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

Link:

Binance Coin Price To Hit $1,000 Soon? Latest BNB Price Prediction - Analytics Insight

Binance Coin (BNB), the native currency of Binance Chain, experienced a significant surge in value, increasing over 6% within 24 hours to reach an all-time high of $712.

This remarkable growth aligns with the expanding activities on the BNB network, particularly through the Binance Launchpool and Launchpad platforms.

According to on-chain data from Lookonchain, several wallets have been actively purchasing the meme coin $WHY on the Binance Smart Chain (BSC).

In the past 24 hours, five wallets collectively withdrew 779 $BNB, equivalent to $534,000, from Binance to acquire 14.92 trillion $WHY, which is currently valued at $1.3 million.

Wallet 0x2eb6 spent 150 $BNB ($103K) to buy 3.75 trillion $WHY.

Wallet 0x886a spent 180 $BNB ($124K) to buy 3.25 trillion $WHY.

Wallet 0x3288 spent 153 $BNB ($105K) to buy 3.21 trillion $WHY.

Wallet 0x4bfd spent 150 $BNB ($103K) to buy 2.57 trillion $WHY.

Wallet 0x298F spent 145 $BNB ($99.5K) to buy 2.13 trillion $WHY.

This surge in BNBs value and the corresponding buying activity in $WHY highlight the growing interest and investment in the Binance ecosystem. The Binance Launchpool and Launchpad have been instrumental in fostering this growth, providing platforms for new projects and tokens to launch, thereby attracting more users and investments to the BNB network.

As BNB continues to reach new heights, the broader market is keeping a close watch on the activities within the Binance ecosystem, recognizing its potential for further growth and innovation in the cryptocurrency space. The active participation of large investors in tokens like $WHY underscores the dynamic nature of the market and the opportunities it presents for savvy traders.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter@nulltxnewsto stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, andMetaverse news!

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Binance Coin (BNB) Surges Over 6%, Hits All-Time High Amid Network Growth - NullTX

PancakeSwap, the decentralized exchange platform, is launching a new version of Binance Smart Chain, featuring more competitive fees, improved liquidity, and a reward campaign.

PancakeSwap, the decentralized exchange platform, has recently announced that it is rolling out a new version of its application on the Binance Smart Chain (BSC). The upgrade includes more competitive trading fees, improved liquidity provisioning, and other new features. The move is part of PancakeSwaps continuous efforts to improve its features and make it easier for users to access its platform.

As part of the launch campaign, PancakeSwap also offers users $135k of its CAKE token. The campaign will last until April 3rd, 2023 at 12:00 UTC. Additionally, those providing liquidity to the exchange will receive a special NFT as a symbol of loyalty. The NFT, however, cannot be sold, which incentivizes users to continue providing liquidity to the platform.

You can learn more about the details by visiting their press release.

The PancakeSwap V3 upgrade comes when decentralized exchanges are growing in popularity despite still reeling from the effects of major crypto collapses like the FTX and Terra debacle.

PancakeSwap V2 is currently the fourth most popular choice among decentralized exchanges, with around $84 million in trading volume. Decentralized exchanges are a type of cryptocurrency exchange that operates on a decentralized network, meaning there is no central authority or intermediary involved in the exchange process.

One of the main benefits of decentralized exchanges is that they offer greater privacy and security for users. Unlike centralized exchanges, where users need to deposit funds and trust a third party to hold their assets, decentralized exchanges allow users to retain full control of their private keys and keep their funds in their own wallets. This is particularly important for users who are concerned about the security of their assets and who want to maintain control of their funds.

Decentralized exchanges also offer greater accessibility, as they can be used by anyone with an internet connection and a compatible wallet. This is particularly important for users in countries with limited access to traditional banking services, who may not have access to centralized exchanges.

The growth of decentralized exchanges has been fueled by the increasing demand for decentralized finance (DeFi) applications. DeFi applications are designed to provide traditional financial services using blockchain technology, which eliminates the need for intermediaries and allows users to have greater control over their financial assets.

The launch of PancakeSwap V3 on Binance Smart Chain is an exciting development for the decentralized exchange ecosystem. It offers users more choices and improved features and is likely to attract more users to the platform. As more users discover the benefits of decentralized exchanges, it will be interesting to see how this sector continues to evolve and grow.

PancakeSwaps new version is a positive development for the decentralized exchange ecosystem. It is expected to provide more options and opportunities for users to trade and participate in the DeFi ecosystem.

Along with the added improvements in the platforms features, we can expect further growth and innovation in the decentralized exchange space in the coming months and years.

Edmond is a passionate writer for Video games, GameFi and Web3. He has worked for top GameFi companies and video game/crypto news websites.

Link:

PancakeSwap Unveils Upgraded Version On Binance Smart Chain - Blockzeit

Creating a WebSockets subscription to Ethereum and Binance Smart Chain using ethers.js can be useful for developers for several reasons, including scalability and easier integration.

Using NOWNodes to create WebSockets subscriptions to blockchain networks is a common practice. Javascript libraries such as ether.js have been a popular framework for WebSockets development.

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

WebSockets subscription is similar to an Event Listener in Javascript. There are several reasons why an Event Listener is essential. This article illustrates creating simple BSC WebSocket and Ethereum websocket subscriptions to popular Blockchain networks like Ethereum and Binance Smart Chain.

Why create a Javascript WebSockets subscription

Javascript WebSockets subscription is either the Ethereum blockchain or the Binance Smart Chain is important for several reasons. Below are some of the reasons to develop a WebSockets subscription.

WebSockets are communication protocols that enable real-time, two-way communication between a client (such as a web browser) and a server. It provides a persistent connection between the client and server, sending and receiving real-time data.

Constant communication is often established through Websockets API. The WebSockets API provides methods for opening and closing connections, sending and receiving data, and handling errors and events. WebSockets offer a powerful and flexible way to enable real-time communication between client-side and server-side applications. They have become essential for building modern web applications crucial for blockchain and web 3 development.

Platforms like NOWNodes provide more straightforward ways to establish such connections, making it much easier to alleviate the need for a technical developer team. Below is a step-by-step guide on importing the ethers.js library and developing WebSockets subscription to the Ethereum blockchain network and Binance Smart Chain.

How to import ethers.js library and create WebSockets subscription

To use the Ethers.js library, first of all, you need to learn how to install ethers. npm install ethers Then you can import it using the code below.

const { ethers } = require("ethers");

After importing, you create a provider instance directly connecting to the preferred blockchain network. In this case, either the Ethereum blockchain or the Binance Smart Chain. Below is the line of code to create the required connection using NOWnodes.

const provider = new ethers.providers.WebSocketProvider("'wss://bsc.nownodes.io/wss/YOUR_API_KEY');

It is important to note that you'll be required to replace YOUR_API_KEY with your actual NOWNodes API key in development.

Subsequently, create a contract instance using the below line of code.

const contractAddress = "0x..."; // The contract address you want to interact with

const abi = [...] // The ABI of the contract

const contract = new ethers.Contract(contractAddress, abi, provider);

Next, you should create a subscription to an event emitted by the contract. To do so, you'll need to implement the code line below.

contract.on("EventName", (arg1, arg2, event) => {

console.log("Event received:", arg1, arg2);

});

Important Notes:

Below is the code for WebSockets that connect to the Binance Smart Chain blockchain network using the NOWNodes node provider.

const { ethers } = require('ethers')

const url = 'wss://bsc.nownodes.io/wss/YOUR_API_KEY'

const EXPECTED_PONG_BACK = 15000

const KEEP_ALIVE_CHECK_INTERVAL = 7500

const startConnection = async () => {

const provider = new ethers.providers.WebSocketProvider(url, {

name: 'binance',

chainId: 56,

})

let pingTimeout = null

let keepAliveInterval = null

provider._websocket.on('open', () => {

console.log('Connect')

keepAliveInterval = setInterval(() => {

console.log('Checking if the connection is alive, sending a ping')

provider._websocket.ping()

// Use WebSocket#terminate(), which immediately destroys the connection,

// instead of WebSocket#close(), which waits for the close timer.

// Delay should be equal to the interval at which your server

// sends out pings plus a conservative assumption of the latency.

pingTimeout = setTimeout(() => {

provider._websocket.terminate()

}, EXPECTED_PONG_BACK)

}, KEEP_ALIVE_CHECK_INTERVAL)

})

provider._websocket.on('close', () => {

console.error('The websocket connection was closed')

clearInterval(keepAliveInterval)

clearTimeout(pingTimeout)

startConnection()

})

provider._websocket.on('pong', () => {

console.log('Received pong, so connection is alive, clearing the timeout')

clearInterval(pingTimeout)

})

provider.on('block',(block)=>{

console.log('New block!', block)

})

}

startConnection()

Some advanced features of ethers.js for creating Ethereum/BSC WebSockets

Ethers.js provides a variety of advanced features for creating Ethereum WebSocket and BSC websocket subscriptions. Here are a few examples:

You can filter events based on specific parameters using the `ethers.utils` library. For example, to filter for a specific token transfer event, you could use the following code:

const filter = {

address: contractAddress,

topics: [ethers.utils.id('Transfer(address,address,uint256)')],

fromBlock: 'latest'

};

const logs = await provider.getLogs(filter);

If the WebSockets connection is lost, Ethers.js will automatically attempt to reconnect to the Ethereum node. You can also configure the number of reconnection attempts and the delay between attempts using the WebSocketProvider options.

For instance, to configure the WebSockets provider to retry every 5 seconds for up to 10 times, you could use the code below:

const options = {

reconnect: {

maxAttempts: 10,

delay: 5000

}

};

const provider = new ethers.providers.WebSocketProvider('wss://bsc.nownodes.io/wss/YOUR_API_KEY');

This code creates a reconnect object in the provider options that specifies the maximum number of attempts and the delay between attempts.

Using the provider, you can send multiple requests to an Ethereum node in a single batch.send() method. This can help reduce latency and improve performance. For instance, to retrieve the balances of multiple accounts in a single batch, you could use the following block of code:

const requests = [

{ method: 'eth_getBalance', params: ['0x123...', 'latest'] },

{ method: 'eth_getBalance', params: ['0x456...', 'latest'] },

{ method: 'eth_getBalance', params: ['0x789...', 'latest'] }

];

const results = await provider.send('eth_batch', requests);

What you get with NOWNodes service:

NOWNodes offers three paid plans, pro, business, and enterprise. It also provides a FREE plan suitable for small projects.

Start: FREE/ 100,000 requests per month + 1 API key and access to 5 nodes.

Pro: 20 / 1,000,000 requests per month + up to 3 API keys and access to all nodes Business: 200 / 30,000,000 requests per month + up to 25 API keys and access to all nodes.

Enterprise: 500 / 100,000,000 requests per month + up to 100 API keys and access to all nodes.

Conclusion

For several reasons, creating WebSockets with platforms such as NOWNodes can be important for maintaining high-security levels, constant uptime, and interoperability. Using the code snippet above, you can establish BSC WebSocket and Ethereum WebSocket using Ethers.js. The resulting WebSockets subscription would ensure Real-time communication, enhanced security, and scalability to ensure the growth of Web 3 projects.

Media Contact Company Name: NOWNodesEmail: Send EmailCountry: EstoniaWebsite: https://nownodes.io/

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How to Create javascript WebSockets Subscriptions to Ethereum and Binance Smart Chain through ethers.js? - Benzinga

From identifying new investment opportunities to gaining a deeper understanding of the crypto ecosystem, there are many perks that come with sticking with BSC News.

BNB Chain is quickly becoming one of the most popular blockchain networks for decentralized finance (DeFi) applications, and as such, investors need to stay informed about the latest news and trends related to this network.

Here are a few reasons why staying up-to-date with BSC news is so important:

As more and more projects launch on BSC, investors need to know which ones are worth their time and money. By following BSC news sources, you can stay up-to-date on new project launches and token listings, allowing you to make informed investment decisions.

As with any blockchain network, BSC is constantly evolving and changing. By staying informed about updates to the network, you can ensure that you're taking advantage of new features and optimizations that could benefit your investments.

By keeping an eye on BSC news sources, you can also stay informed about potential risks to your investments. For example, if a new project on BSC is found to be a scam or a security risk, you can take steps to protect your funds before it's too late.

BSC is home to a rapidly growing ecosystem of DeFi applications and projects. For example, you might learn about a new yield farming protocol or a promising new decentralized exchange like biticodes that you can invest in early.

Finally, staying up-to-date with BSC news can help you gain a deeper understanding of the BSC ecosystem as a whole. By following news and analysis from reputable sources, you can learn more about how BSC works, what its strengths and weaknesses are, and how it fits into the broader crypto landscape.

One great source is Bsc.news, a website dedicated to providing up-to-date news and analysis on everything related to BSC. The site covers everything from new project launches and token listings to network updates and market trends, making it a one-stop shop for all your BSC news needs.

In addition to Bsc.news, you can also follow BSC-related social media accounts, such as those run by the Binance team, to stay informed about the latest news and developments. By staying up-to-date with BSC news, you'll be better equipped to make informed investment decisions and stay ahead of the curve in the fast-paced world of cryptocurrency.

Therefore, staying informed about the latest BSC news is essential for any crypto investor looking to stay ahead of the curve. By following reliable news sources like Bsc.news, you can stay up-to-date on new projects, network updates, market trends, and more. This can help you make more informed investment decisions, identify potential risks, and discover new opportunities for growth and profit in the exciting world of crypto.

Now that we've established why it's important to stay informed about BSC news, let's talk about how you can do it. Here are a few tips to help you stay on top of the latest developments:

As mentioned earlier, Bsc.news is a great source of BSC news and analysis. Follow BSC-related social media accounts: In addition to Bsc.news, you can also follow BSC-related accounts on social media platforms like Twitter and Telegram. These accounts can be a great source of real-time updates and news, as well as community-driven insights and analysis.

By joining BSC-related communities on platforms like Reddit or Discord, you can stay informed about the latest news and developments while also connecting with like-minded individuals. Due to the global pandemic, many BSC-related events have gone virtual. Attending these events can be a great way to learn about new projects and network updates directly from the source. Keep an eye out for virtual events hosted by the Binance team or other reputable organizations.

By using these strategies, you can stay informed about the latest BSC news and trends, allowing you to make more informed investment decisions and stay ahead of the curve in the fast-paced world of crypto.

It is important for crypto investors to remember to do their own research before making any investment decisions. While staying informed about the latest news and trends can be helpful, it's also important to take the time to thoroughly investigate any project or token you're considering investing in. This includes researching the team behind the project, analyzing the project's whitepaper, and checking for any red flags or warning signs. By combining your own research with the latest BSC news and trends, you can make more informed investment decisions and minimize your risk in the volatile world of cryptocurrency.

Subscribing to Bsc.news can provide numerous benefits for BNB Chain investors. By subscribing to their newsletter, investors can receive regular updates on new project launches, token listings, network updates, and market trends. This information can help investors make informed decisions about their investments, identify potential risks, and discover new opportunities for growth and profit in the fast-paced world of crypto.

Additionally, Bsc.news provides in-depth analysis and expert insights on the BSC ecosystem, giving investors a deeper understanding of how it works, its strengths and weaknesses, and how it fits into the broader crypto landscape.

Overall, subscribing to Bsc.news can be an excellent way for investors to stay up-to-date with the latest BSC news and trends, allowing them to make more informed investment decisions and stay ahead of the curve in the ever-evolving world of cryptocurrency.

In conclusion, staying informed about the latest Binance Smart Chain (BSC) news is essential for any cryptocurrency investor who wants to stay ahead of the curve. From identifying new investment opportunities and potential risks to gaining a deeper understanding of the BSC ecosystem, keeping up with the latest news and trends is vital for making informed decisions.

Fortunately, there are several ways to stay up-to-date with BSC news, such as bookmarking Bsc.news, following BSC-related social media accounts, joining BSC-related communities, and attending virtual events.

It's also about staying engaged with the vibrant and growing community of investors, developers, and enthusiasts who are driving innovation on this exciting blockchain network. So don't hesitate to get involved and stay informed about the latest BSC news and trends.

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The Importance of Staying Up-to-Date with the Latest BSC News for ... - BSC NEWS

A hack has cost Poolz Finance around $390,000 on the Binance Smart Chain and Polygon, PeckShield spotted on Wednesday.

The blockchain security company noted that the hack could have occurred due to an arithmetic overflow issue.

According to PeckShield, the initial analysis points towards an arithmetic overflow issue with Poolz Finance. In computer science, it is an issue of a larger operation yield against the relatively smaller storage system. Meanwhile, PeckShield identified a repeat pattern by the same sender on the Token Vesting contract.

The source in Solidity states,

Arithmetic operations in Solidity wrap on overflow. This can easily result in bugs, because programmers usually assume that an overflow raises an error, which is the standard behavior in high level programming languages.`SafeMath` restores this intuition by reverting the transaction when an operation overflows.

Blockchain vigilante Bythos was the first to identify and tweet about the issue to PeckShield.

Poolz is a cross-chain decentralized IDO platform. Its infrastructure allows crypto projects with funding before they go public. However, its POOLZ token has taken a hit of over 95% in the past day alone.

POOLZs current price of $0.19 is more than 99% lower than its all-time high. Nearly two years back, in April 2021, POOLZ hit a peak price of $50.89.

On March 13, the decentralized finance (DeFi) protocol Euler Finance underwent an exploit.BeInCrypto reportedon the day that hackers stole over $195 million from the platform in a flash loan attack.

Following this, Euler sent an on-chain message to the hacker. They said, If 90% of the funds are not returned within 24 hours, tomorrow we will launch a $1M reward for information that leads to your arrest and return of all funds.

The hackers have reportedly moved the money from the protocol to two new accounts. The wallets were heavily loaded with DAI stablecoins and Ethereum (ETH).

In February, Platypus lost over $8.5 million in a flash loan attack. According to a report by Chainalysis, 2022 lost $3.8 billion worth of cryptocurrency, making it the biggest year for hacking. The bulk of this money came from DeFi protocols.

According to David Schwed, Chief Operating Officer of blockchain security firm Halborn, these are based on a web2 attack pattern. In a conversation with Chainalysis, he said, A lot of the hacks that were seeing arent necessarily web3-focused, key exfiltration attacks. Theyre traditional web2 attacks that have web3 implications.

BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.

Read more from the original source:

Poolz & Euler Hit With Back-to-Back DeFi Exploits Totaling $2.3M - BeInCrypto

interoperability concept with icon set

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With so many blockchains being developed with seemingly similar value propositions, many people are starting to wonder which one will emerge victorious and leave the others in its wake.

However, that may not be the right way to look at the landscape. In fact, it has become common in the industry to say that there is going to be more than one winner. After all, blockchains have important differences such as the amount of time it takes to process a transaction and how much it costs to use. One network could be ideal for an NFT purchase, while another is the best way to send money to your aunt around the world. However, unless you plan on setting up specific wallets for every blockchain, which could quickly become unwieldy, there must be a way for all these networks to talk to each other. Blockchains cannot be data silos. This is where interoperability comes in.

Blockchain interoperability is the idea of enabling distinct blockchain networks to interact and integrate, communicating seamlessly to allow for the sharing of data between chains. Are the fees too high on EthereumETH? Switch over to a Layer 2 protocol like PolygonMATIC or a competing network such as AlgorandALGO; if thats running slow, hop over to SolanaSOL. The dream is to be able to move freely between blockchains as easily as we switch between internet tabs today.

There have already been early successes in blockchain interoperability. Take, for example, wrapped bitcoin (wBTC). As DeFi started to grow many bitcoin hodlers were looking for a way to generate yield on their holdings. Just like everyone else, they wanted to make their money work for them. They got the solution in January 2019 with the launch of wBTC, a token running on top of Ethereum that is pegged 1:1 with BitcoinBTC. Today, wBTC can be found throughout Ethereums DeFi ecosystem deployed in decentralized lending pools, earning yield farming revenue (which can vary depending on the protocol) or posted up as loan collateral. Its market capitalization is $3.4 billion, amounting to about a little less than 1% of the total bitcoin market cap.

wBTC is an example of a bridge, where a user locks up an asset in either a smart contract or with a centralized custodian/issuer and receives a token on a new blockchain that represents the original asset. wBTC is not the only example of a Bitcoin/Ethereum bridge. RenBTC is another that is completely smart-contract based. wBTC is issued on a 1:1 basis by a consortium that includes BitGo.

But that is just the beginning.

Some blockchains share a common set of DNA so that they are compatible with each other. For instance, many networks have integrated the Ethereum Virtual Machine (EVM), which is essentially the open source recipe that sets the rules for changing a blockchain from state to state (i.e. adding a new block). It comprises the rules run by every node on Ethereum so that they know how to process transactions.

However, any blockchain can integrate the EVM into its operations. This makes it simple for prominent applications such as decentralized exchanges to move from one blockchain to another. Some platforms that offer EVM compatibility are Binance Smart Chain, Tron and Polygon (formerly MATIC). As an example, prominent Uniswap-clone SushiSwap has integrated with both Polygon and Binance Smart Chain. This way, their clients can use the same application on the platform of their choosing.

Finally, there are blockchains being formed with interoperability in their DNA. For example, PolkadotDOT is an open source platform building cross-chain bridges to enable transfers of data, assets and even smart contracts across blockchains. Another leading interoperability project, CosmosATOM, is focused on building an ecosystem of interconnected apps and services communicating through its inter-blockchain communication protocol.

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I am director of research for digital assets at Forbes. I was recently at Kraken, a cryptocurrency exchange based in the United States. Before joining Kraken I served as Chief Operating Officer at the Wall Street Blockchain Alliance, a non-profit trade association dedicated to the comprehensive adoption of cryptocurrencies and blockchain technologies across global markets. Before joining the WSBA, I was the Lead Associate within the Emerging Technologies practice at Spitzberg Partners, a boutique corporate advisory firm that advises leading firms across industries on blockchain technology. Previously I was Vice President/Lead Strategy Analyst at Citi FinTech, where I drove strategic and new business development initiatives for Citigroups Global Retail and Consumer Bank business across 20 countries. I also served five years as a Senior Intelligence Analyst at Booz Allen Hamilton supporting the U.S. Department of Defense. I have a B.S. in Business Administration from the Tepper School of Business at Carnegie Mellon University and a M.A. in International Affairs from Columbia University's School of International and Public Affairs. Additionally, I am a Certified Information Privacy Professional (United States, Canada, and the European Union) and a Certified Information Privacy Technologist at the International Association of Privacy Professionals (IAPP).

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Blockchain Interoperability: The Tab Switching Of Web 3.0 - Forbes