PancakeSwap governance proposal set to cap CAKE supply at 750M

PancakeSwap, the decentralized finance (DeFi) application built on Binance Smart Chain, synonymous with its automated market maker (AMM) service and its quirky branding style, has released a governance proposal for the second iteration of its tokenomics roadmap. The centerpiece of the lite paper’s new version suggested an imposed supply cap on the project’s native token, […]
The biggest letdowns in crypto and blockchain in 2021

2021 has been one of the most interesting years for blockchain technology and cryptocurrencies, both in terms of adoption and mainstream acceptance. From governments such as El Salvador to large corporations like Tesla, Goldman Sachs, Bank of America and Morgan Stanley, many institutions have made a step toward becoming a part of the ecosystem. Even […]
Binance Smart Chain hits record-high daily transactions

Analytical data from BscScan, a sister product of Etherscan, reveals that Binance Smart Chain (BSC) surpassed 14.7 million blockchain transactions on Tuesday. This establishes a landmark all-time high for the decentralized finance network, which exceeds the previous high of 13.1 million recorded on July 29 this year. In addition, 276,446 new wallet addresses were created […]
Phoenix Global token soars by 5,600% in just four minutes — But there's a catch

It took just four minutes for a relatively unknown cryptocurrency to rise by over 5,600% as of Nov. 5, according to data from CoinMarketCap. Dubbed Phoenix Global (PHB), the token soared from $0.02057 to as high as $1.1413 on Nov. 5, with its volume dropping surprisingly — from $3.79 million to around $777,680 in the […]
Binance to launch $1B fund to develop BSC ecosystem

The Binance cryptocurrency exchange has announced a $1 billion accelerator fund to expand the capabilities of the Binance Smart Chain ecosystem and advance mainstream adoption across the financial technology sector. The exchange showcased the eight-figure fund in a tiered development model across four specialist areas: Talent Development, Liquidity Incentive Program, Builder Program, Investment & Incubation […]
Latest DeFi hack targeting BSC sees $12.7M in Bitcoin stolen from pNetwork

Cross-chain decentralized finance platform pNetwork has become the latest protocol to be targeted by hackers on Binance Smart Chain, reporting a loss of roughly $12.7 million worth of Bitcoin (BTC). According to a Twitter thread published by pNetwork on Monday, the incursion resulted in 277 pBTC being siphoned from the exchange. The hackers made off […]
BSC's Impossible Finance raises $7M for multi-chain DeFi incubator

Impossible Finance, a Defi protocol built on Binance Smart Chain, has completed a $7 million seed funding round backed by over 125 institutional and angel investors — with the funds going towards the development of a multi chain DeFi incubator. The seed round was led by venture capital firm True Ventures, and quantitative investment firm […]